| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 54th | Good |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 722 Americana Way, Glendale, CA, 91210, US |
| Region / Metro | Glendale |
| Year of Construction | 2008 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
722 Americana Way Glendale Multifamily Investment
This 46-unit property benefits from neighborhood-level occupancy of 94.1% and strong renter demand, with 77.7% of housing units occupied by renters according to CRE market data from WDSuite.
Located in an Urban Core neighborhood ranking in the top quartile nationally for amenities (99th percentile), this Glendale property sits within a dense retail and dining environment. The neighborhood features 128 restaurants per square mile and 34 cafes per square mile, both ranking first among 1,441 metro neighborhoods, supporting strong tenant appeal and retention.
Built in 2008, this property represents newer construction compared to the neighborhood average of 1976, positioning it competitively for reduced near-term maintenance requirements. The 971 average unit size aligns with market demand in an area where 77.7% of housing units are renter-occupied, ranking in the 99th percentile nationally for rental share.
Demographic data within a 3-mile radius shows household income growth of 41.9% over five years, with median household income at $88,435. The area maintains 69.7% renter-occupied units, and forecasts project continued household formation with a 30.7% increase in total households expected by 2028, supporting sustained rental demand.
Median contract rent of $1,860 within the 3-mile radius has increased 39% over five years, while neighborhood-level occupancy remains stable at 94.1%. Home values averaging $613,654 in the neighborhood reinforce rental demand by maintaining elevated ownership costs relative to regional alternatives.
The neighborhood ranks 524th among 1,441 metro neighborhoods for overall crime metrics, placing it above the metro median in the 68th percentile nationally. Property crime rates show significant improvement, declining 76.3% year-over-year and ranking in the 97th percentile nationally for crime reduction trends.
While violent crime rates increased 171.8% year-over-year, this metric should be evaluated alongside the low baseline rate of 6.8 incidents per 100,000 residents, which ranks in the 76th percentile nationally. The substantial property crime reduction indicates improving conditions that support tenant retention and leasing stability.
The property benefits from proximity to major corporate employers anchoring the regional economy, including Fortune 500 headquarters that provide workforce housing demand.
- Avery Dennison — materials science and manufacturing (0.9 miles) — HQ
- Disney — entertainment and media (4.1 miles) — HQ
- Radio Disney — broadcasting and media (5.0 miles)
- Live Nation Entertainment — entertainment services (5.9 miles)
- Microsoft — technology (6.3 miles)
This 46-unit property offers stable cash flow fundamentals in a high-amenity Urban Core location with neighborhood-level occupancy of 94.1% and strong rental market dynamics. The 2008 construction provides competitive positioning with reduced capital expenditure needs compared to the neighborhood's 1976 average building age. According to commercial real estate analysis from WDSuite, the area maintains exceptional amenity density ranking in the 99th percentile nationally, supporting tenant retention and lease-up velocity.
Demographic trends within a 3-mile radius project 30.7% household growth through 2028, while median household income has increased 41.9% over five years to $88,435. The neighborhood's 77.7% renter-occupied housing share ranks in the 99th percentile nationally, indicating sustained rental demand. Home values averaging $613,654 maintain elevated ownership costs that reinforce renter reliance on multifamily housing.
- Neighborhood occupancy of 94.1% with 77.7% rental tenure supporting stable cash flow
- Top-tier amenity density ranking 99th percentile nationally for tenant appeal
- Projected 30.7% household growth through 2028 expanding renter pool
- 2008 construction reducing near-term capital expenditure requirements
- Monitor rent-to-income ratios at 32% which rank in 4th percentile nationally, indicating affordability pressure that may impact renewal rates