| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 719 E Acacia Ave, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
719 E Acacia Ave Glendale Multifamily Investment
High renter concentration and strong neighborhood amenities point to durable leasing fundamentals, according to WDSuite s CRE market data. Occupancy in the surrounding neighborhood has been solid, with pricing power shaped by a high-cost ownership market.
Located in Glendale s Urban Core, the property benefits from a neighborhood rated A and ranked 178 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods D competitive within the metro. Amenity access is a clear strength: cafes, groceries, parks, and pharmacies all sit in the upper national percentiles, supporting daily convenience and renter appeal without overreliance on long commutes.
Neighborhood-level occupancy has been steady around the low-90s, which supports income stability even if not at the top of the metro. The area s renter-occupied share is high (about 70% of housing units), indicating depth in the tenant base and recurring multifamily demand. Median asking rents in the neighborhood are elevated relative to many U.S. areas, and have grown meaningfully over five years, according to CRE market data from WDSuite, while the rent-to-income profile suggests thoughtful lease management remains important.
Within a 3-mile radius, demographics show a slight population decline over the past five years alongside a modest increase in total households; projections call for further household growth and smaller average household sizes through 2028. For investors, that points to a gradually expanding renter pool and support for occupancy stability, even as the mix of age cohorts evolves.
Home values in the neighborhood are among the higher tiers nationally, which generally sustains reliance on rental housing and can aid pricing power and retention for well-run assets. Average school ratings trend above national norms, adding to livability. The building s 1986 vintage is newer than the neighborhood s older housing stock (average circa 1963), giving it a relative competitiveness edge versus pre-1970s inventory, while still leaving room for selective modernization or system upgrades to capture value-add upside.
Safety indicators compare favorably both nationally and within the Los Angeles-Long Beach-Glendale metro. The neighborhood ranks near the top of 1,441 metro neighborhoods for lower crime incidence and sits in the upper national percentiles for overall safety, which can support tenant retention and leasing velocity.
Recent trend data also shows year-over-year improvements in both property and violent offense rates at the neighborhood level. While conditions can vary block-to-block, the broader trajectory and comparative standing suggest a stable environment relative to regional peers.
Proximity to major corporate offices anchors local employment and supports renter demand through commute convenience. Notable nearby employers include Avery Dennison, Disney, Radio Disney, Microsoft, and Reliance Steel & Aluminum.
- Avery Dennison D corporate offices (1.6 miles) D HQ
- Disney D entertainment studios & corporate (4.8 miles) D HQ
- Radio Disney D entertainment offices (5.6 miles)
- Microsoft D technology offices (5.7 miles)
- Reliance Steel & Aluminum D metals distribution corporate (5.8 miles) D HQ
This 30-unit, 1986-vintage asset sits in an amenity-rich Glendale neighborhood with competitive metro standing and above-average national livability metrics. Neighborhood occupancy has been solid and renter concentration is high, supporting a reliable tenant base; elevated home values further reinforce reliance on multifamily housing. Based on CRE market data from WDSuite, rent levels have trended upward over five years in this neighborhood, suggesting potential for steady revenue with professional lease management.
Relative to older local stock, the 1986 construction provides a competitive position today, while targeted interior and system upgrades can unlock value-add potential. Within a 3-mile radius, households are projected to increase and average household size to decline, pointing to a broader renter pool over time and supporting occupancy stability for well-maintained properties.
- Amenity-rich Urban Core location with competitive metro standing and strong national amenity percentiles
- High neighborhood renter-occupied share indicates depth of tenant demand
- 1986 vintage offers relative advantage over older stock with clear value-add upgrade pathways
- Household growth and smaller household sizes within 3 miles support a larger renter pool over time
- Risk: rent-to-income pressures and mid-pack occupancy ranking in the metro call for disciplined pricing and retention strategies