| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 58th | Good |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 532 Concord St, Glendale, CA, 91203, US |
| Region / Metro | Glendale |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
532 Concord St Glendale Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data for the Los Angeles-Long Beach-Glendale metro. The area’s strong amenity mix and renter concentration support stable operations for a professionally managed 20-unit asset.
Located in Glendale’s Urban Core, the neighborhood posts an A- rating and ranks 235 out of 1,441 metro neighborhoods—competitive among Los Angeles-Long Beach-Glendale locations for multifamily. Neighborhood occupancy is 97.6% and sits in the top quartile among 1,441 metro neighborhoods, reinforcing near-term leasing stability based on CRE market data from WDSuite. Renter-occupied units account for roughly two-thirds of the neighborhood housing stock (66.6%), indicating a deep tenant base for multifamily operators.
Livability leans strong for urban renters: parks density is in the 98th percentile nationally, grocery access sits in the 97th percentile, and restaurants and cafes score in the 90th and 89th percentiles, respectively. One trade-off is limited pharmacy presence within the neighborhood itself, which investors should factor into resident convenience expectations.
Within a 3-mile radius, households have grown modestly in recent years and are projected to rise materially through 2028, even as total population trends slightly lower—a signal of smaller household sizes and continued renter pool expansion. Median incomes have climbed and are projected to continue rising, supporting rent collections and potential pricing power, while lease management should still monitor affordability pressure as rents have trended upward.
For investors evaluating competitive positioning, the area’s high-cost ownership landscape (home values benchmarked well above national norms) tends to sustain rental demand and lease retention. Neighborhood NOI per unit performance ranks in the 99th national percentile, suggesting that comparable assets in this pocket have historically operated efficiently relative to national peers.
Safety indicators are comparatively favorable at the neighborhood level: overall crime sits around the 60th national percentile (safer than a majority of neighborhoods nationwide) and the area ranks above the metro average among 1,441 Los Angeles-Long Beach-Glendale neighborhoods. Violent offense estimates trend in the 75th national percentile with a year-over-year decline, while property offense indicators are in the 82nd national percentile but show recent volatility. Investors should treat these as neighborhood-level signals and monitor trends over time rather than block-level conditions.
Proximity to major corporate offices supports a steady renter pipeline and commute convenience, including Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Avery Dennison — materials & labeling (0.86 miles) — HQ
- Disney — entertainment (3.11 miles) — HQ
- Radio Disney — entertainment (4.06 miles)
- Charter Communications — telecommunications (5.29 miles)
- Live Nation Entertainment — live entertainment (5.51 miles)
532 Concord St is a 20-unit multifamily property built in 1987, newer than much of the surrounding housing stock. That vintage can offer competitive positioning versus older assets while still warranting targeted modernization of systems and interiors for value-add upside. Neighborhood-level occupancy remains in the top quartile among 1,441 metro neighborhoods, and elevated ownership costs in Glendale tend to sustain renter reliance on multifamily housing.
Households within a 3-mile radius are projected to increase meaningfully through 2028 even as household sizes trend smaller, expanding the tenant base and supporting lease-up and renewal velocity. According to CRE market data from WDSuite, rising neighborhood rents and strong amenity access underscore durable demand, though operators should proactively manage affordability and monitor recent property-crime volatility. Average unit sizes near 786 square feet align with practical one- and two-bedroom leasing strategies for workforce and professional tenants tied to nearby employment centers.
- Top-quartile neighborhood occupancy supports stable leasing
- 1987 construction offers competitive edge with focused value-add potential
- High-cost ownership market supports renter reliance and retention
- Nearby corporate employers underpin demand from professionals
- Risk: monitor affordability and property-crime volatility at the neighborhood level