| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 629 N Kenwood St, Glendale, CA, 91206, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 28 |
| Transaction Date | 2016-09-07 |
| Transaction Price | $8,350,000 |
| Buyer | VILLA D ROGA LLC |
| Seller | 625 NFL LTD |
629 N Kenwood St Glendale Multifamily Investment
Neighborhood-level data points to strong renter concentration and deep amenity access supporting tenant demand, according to WDSuite’s CRE market data.
Positioned in Glendale’s Urban Core, the property benefits from a neighborhood rated A and ranked 175 out of 1,441 metro neighborhoods — a top quartile location that has historically supported multifamily performance. Amenity access is a differentiator: grocery, restaurants, pharmacies, parks, and childcare density place the area in the upper national percentiles, enhancing day-to-day livability and reinforcing leasing appeal for working households.
Renter-occupied share in the neighborhood is high (71.2%), indicating a deep tenant base and durable demand for multifamily units rather than for-sale housing. By contrast, neighborhood occupancy trends sit closer to the national middle, which suggests investors should underwrite to competitive leasing and active asset management to sustain occupancy stability.
The asset’s 1986 vintage is newer than the neighborhood’s average construction year of 1974. That relative youth can provide a competitive edge versus older stock, while still leaving room for targeted modernization of interiors, common areas, or building systems to drive rent premiums and extend the asset’s useful life.
Within a 3-mile radius, household counts have inched higher over the past five years even as overall population edged down, signaling smaller household sizes and steady rental demand. Looking ahead, WDSuite’s neighborhood metrics point to continued renter pool expansion as households are forecast to grow and incomes trend upward, supporting pricing power for well-maintained, well-located assets.
Home values in the neighborhood sit in a high-cost ownership market (above the 90th percentile nationally), which tends to keep more households in rental housing and can support retention and rent growth for competitive product. At the same time, a higher rent-to-income environment implies some affordability pressure, underscoring the importance of thoughtful lease management and value-forward renovations.
Neighborhood-level crime metrics are not available from WDSuite for this location. Investors typically compare safety trends to broader metro benchmarks and evaluate property-level security features, lighting, access control, and local engagement as part of due diligence.
Proximity to a diversified employer base supports commuter convenience and leasing depth, particularly for professional and creative-sector tenants. Nearby anchors include Avery Dennison, Disney, Charter Communications, Microsoft, and CBRE Group.
- Avery Dennison — corporate offices (0.3 miles) — HQ
- Disney — media & entertainment (4.2 miles) — HQ
- Charter Communications — telecommunications (6.1 miles)
- Microsoft — technology offices (7.1 miles)
- CBRE Group — real estate services (7.2 miles) — HQ
This 28-unit, 1986-vintage asset sits in a top quartile Glendale neighborhood with strong amenity density and a high share of renter-occupied housing, supporting depth of demand and leasing velocity. The property is relatively newer than the neighborhood average, creating a platform for targeted value-add updates that can enhance competitiveness against older stock while managing capital exposure.
Neighborhood fundamentals are balanced: high-cost ownership conditions support renter reliance on multifamily housing, while household growth within a 3-mile radius and income gains point to a broader tenant base over time. According to CRE market data from WDSuite, local occupancy trends are nearer the national middle, suggesting active leasing and asset management remain important. Affordability pressure is a watch item, so aligning renovations with livability and value will be key to retention.
- Top quartile Glendale location with strong amenity access and commuter connectivity
- 1986 vintage offers competitive positioning plus targeted renovation upside
- High renter-occupied share supports depth of tenant demand and leasing stability
- Household growth and rising incomes within 3 miles expand the renter pool
- Risk: affordability pressure and mid-range occupancy call for proactive lease and expense management