| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 52nd | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 911 E Lomita Ave, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
911 E Lomita Ave Glendale Multifamily Investment
Stabilized renter demand and strong neighborhood amenities support durable occupancy, according to WDSuite’s CRE market data. The asset s 1986 vintage is comparatively newer than much of the area s stock, positioning it competitively while leaving room for targeted modernization.
The property sits in Glendale s Urban Core with an A-rated neighborhood profile, competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 140 out of 1,441). Amenity density is a standout: restaurants, groceries, pharmacies, and childcare options score in the top national percentiles, which tends to reinforce day-to-day convenience and renter stickiness for workforce and professional tenants.
Occupancy in the neighborhood is above the metro median (97.1% and in the 84th percentile nationally), pointing to stable leasing conditions rather than outsized vacancy risk. Average NOI per unit for the neighborhood ranks in the 91st percentile nationally, indicating operating performance that compares favorably to peer locations, though outcomes vary by asset and execution.
Renter-occupied housing is the dominant tenure locally (neighborhood renter concentration is high at 86.9%), which signals a deep tenant base for multifamily. Within a 3-mile radius, households have grown even as total population edged lower, suggesting smaller household sizes and a broader renter pool; forward-looking projections show continued household growth, which can support occupancy stability and leasing velocity.
Home values in the neighborhood are elevated versus national norms, and ownership costs trend high relative to incomes. For multifamily investors, that typically sustains rental demand and supports pricing power, while the rent-to-income backdrop argues for thoughtful lease management to mitigate affordability pressure and promote retention.
Vintage context matters: neighborhood construction skews older (average 1969). A 1986 build like this property is newer than much of the local stock, offering relative competitiveness against older assets while still benefitting from selective capital improvements for systems and contemporary finishes.
Safety indicators are competitive among Los Angeles-Long Beach-Glendale neighborhoods (crime rank 545 out of 1,441) and fall above the national average (67th percentile), based on WDSuite s CRE data. That positions the area as comparatively safer than many urban neighborhoods nationwide without implying block-level conditions.
Recent trends are mixed: estimated property offenses improved sharply year over year (98th percentile nationally for low rates with notable improvement), while estimated violent offense measures showed a year-over-year uptick (low national percentile for improvement). Investors may wish to monitor these trends over time and incorporate standard property-level measures such as lighting, access control, and resident engagement.
Nearby corporate anchors help underpin renter demand with diversified white-collar employment and short commutes. Key employers include Avery Dennison, Disney, Radio Disney, Microsoft, and Reliance Steel & Aluminum.
- Avery Dennison materials & labeling 8 1 (1.3 miles) HQ
- Disney entertainment (4.8 miles) HQ
- Radio Disney media offices (5.7 miles)
- Microsoft technology (6.1 miles)
- Reliance Steel & Aluminum metals distribution (6.2 miles) HQ
This 22-unit, 1986-vintage asset benefits from a renter-heavy Glendale submarket, exceptional amenity access, and neighborhood occupancy that trends above the metro median. Elevated ownership costs locally tend to sustain reliance on rentals, while household growth within a 3-mile radius supports depth of the tenant base even as average household size declines.
According to CRE market data from WDSuite, the neighborhood s operating metrics and amenity profile compare favorably at both the metro and national levels. The property s newer-than-average vintage offers competitive positioning versus older stock and a practical runway for value-add through targeted modernization, tempered by prudent affordability and retention management.
- Above-median neighborhood occupancy and strong amenity density support leasing stability
- High renter concentration and growing household counts within 3 miles deepen the tenant base
- 1986 vintage is newer than much of the area s stock, with clear value-add modernization potential
- Elevated ownership costs reinforce rental demand and potential pricing power
- Risk: rent-to-income pressures and mixed safety trends warrant proactive lease and asset management