| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 625 N Kenwood St, Glendale, CA, 91206, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
625 N Kenwood St Glendale Multifamily Investment
Amenity density and a high share of renter-occupied housing support durable tenant demand in Glendale’s urban core, according to WDSuite’s CRE market data.
Located in Glendale’s Urban Core, the neighborhood is competitive among Los Angeles-Long Beach-Glendale submarkets (ranked 175 of 1,441) with an overall neighborhood rating of A. Amenity access is a clear strength: grocery, restaurants, pharmacies, cafes, and childcare options all trend in the top quartile nationally, reinforcing day-to-day convenience that helps with leasing velocity and retention.
Renter demand depth is notable. The share of housing units that are renter-occupied sits near the top of national comparisons, signaling a broad tenant base for multifamily operators. By contrast, neighborhood occupancy has been softer relative to national norms in recent years, suggesting that asset-level performance may rely more on hands-on leasing, targeted concessions during slower periods, and differentiated finishes or services to sustain occupancy.
Home ownership remains a high-cost proposition here, with home values and value-to-income ratios positioned in the upper national percentiles. For investors, that context tends to keep households engaged with rental options longer, supporting lease renewal and pricing power when combined with product quality and location. Median contract rents have risen over the past five years, and rent-to-income levels indicate some affordability pressure—an operational consideration for renewal strategies and unit mix.
Within a 3-mile radius, demographics show a stable population alongside a modest increase in household counts and rising incomes, pointing to smaller household sizes and a gradually expanding renter pool. Average school ratings sit near the national midpoint, which, coupled with abundant parks and daily-needs retail, supports a broad appeal to working households.
Comparable neighborhood-level crime metrics are not available in this dataset. Investors typically benchmark safety by reviewing multi-year trends at the city and submarket level, touring at different times of day, and aligning security measures (lighting, access control, and visibility) with standard urban-core practices.
Given the property’s urban setting, prudent underwriting includes budgeting for common-area visibility improvements and engaging with local neighborhood resources to monitor conditions over time rather than relying on a single-year snapshot.
Proximity to corporate employers supports workforce housing demand and commute convenience. Notable nearby nodes include Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Avery Dennison — corporate offices (0.32 miles) — HQ
- Disney — corporate offices (4.21 miles) — HQ
- Radio Disney — corporate offices (5.17 miles)
- Charter Communications — corporate offices (6.15 miles)
- Live Nation Entertainment — corporate offices (6.46 miles)
Built in 1986, this 28-unit property is newer than the surrounding neighborhood’s average vintage, offering relative competitiveness versus older stock while leaving room for targeted modernization to drive rents and reduce turnover. The location benefits from strong amenity access and a renter-tilted housing base, while the high-cost ownership landscape in Glendale tends to sustain rental demand and renewal potential. Neighborhood NOI per-unit trends are favorable compared with national patterns, according to CRE market data from WDSuite.
Forward-looking fundamentals are anchored by a stable population, increasing households, and rising incomes within a 3-mile radius—conditions that support an expanding renter pool and occupancy stability for well-operated assets. Operating plans should also account for affordability pressure signals and neighborhood-level occupancy softness by emphasizing unit quality, renewal management, and thoughtful concession strategies as needed.
- 1986 vintage offers competitive positioning versus older stock, with selective upgrades to enhance rentability
- Amenity-rich Urban Core location supports leasing velocity and resident retention
- High-cost ownership market reinforces renter reliance on multifamily housing and renewal potential
- Nearby corporate employers underpin steady workforce housing demand
- Risk: affordability pressure and softer neighborhood occupancy require proactive lease and concession management