| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 63rd | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 947 N Louise St, Glendale, CA, 91207, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
947 N Louise St Glendale Multifamily Investment
Positioned in an Urban Core pocket of Glendale with a deep renter base and strong amenity access, the asset benefits from durable tenant demand; according to WDSuite’s commercial real estate analysis, neighborhood occupancy has tracked near local norms even as ownership costs remain elevated.
The property sits in an A-rated Urban Core neighborhood that ranks 99th among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods, placing it in the top quartile locally. Amenity density is a standout: cafes, restaurants, groceries, parks, and pharmacies register near the top of national distributions, supporting daily convenience and reinforcing leasing appeal for renters, based on CRE market data from WDSuite.
Renter concentration is high at the neighborhood level (75.4% of housing units are renter-occupied), indicating a deep tenant pool and broad product familiarity among residents. Reported neighborhood occupancy is around mid-range nationally, suggesting steady but competitively managed leasing conditions rather than structural tightness—favorable for stabilized operations with attentive asset management.
Within a 3-mile radius, household counts have edged higher while average household size has trended lower, pointing to more, smaller households and a potentially larger renter pool over time. Median incomes have risen and asking rents have moved up from prior years, which supports revenue potential but also warrants close attention to lease management and renewals.
Ownership remains a high-cost option in this area relative to national benchmarks, which tends to sustain reliance on multifamily rentals and can aid pricing power and lease retention. School ratings are around national mid-to-upper ranges, adding to overall livability without being the primary draw for renter demand.
Neighborhood safety indicators benchmark well compared with U.S. neighborhoods overall, with violent and property offense measures in the upper national percentiles, according to WDSuite. Recent year-over-year declines in estimated offense rates further point to an improving trend, though investors should continue to track conditions at the neighborhood level rather than block-by-block.
Framing this comparatively, the area reads as strong nationally on safety while remaining competitive within the Los Angeles-Long Beach-Glendale metro context. As always, prudent underwriting includes reviewing updated local reports and considering operational practices that support resident safety and retention.
Nearby corporate offices provide a diversified employment base that underpins renter demand and commute convenience, including Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Avery Dennison — corporate offices (0.3 miles) — HQ
- Disney — corporate offices (4.2 miles) — HQ
- Radio Disney — corporate offices (5.1 miles)
- Charter Communications — corporate offices (5.9 miles)
- Live Nation Entertainment — corporate offices (6.6 miles)
947 N Louise St offers exposure to a top-quartile Glendale neighborhood with strong amenity density and a deep renter-occupied housing base. The 1986 vintage is slightly newer than the local average stock, supporting competitive positioning while leaving room for targeted modernization to enhance NOI. Based on CRE market data from WDSuite, neighborhood occupancy trends are steady rather than tight, which points to stable operations with emphasis on leasing execution.
Within a 3-mile radius, households have increased and average household size has declined, suggesting gradual renter pool expansion. High-cost ownership dynamics locally reinforce multifamily demand, while rising incomes and rent levels support revenue potential. The main watch item is affordability pressure relative to incomes, which calls for active renewal strategies and amenity-driven differentiation to sustain retention.
- A-rated, top-quartile neighborhood in the Los Angeles metro with exceptional amenity access supporting leasing appeal
- Deep renter-occupied housing base indicating demand depth for multifamily units
- 1986 vintage offers competitive positioning with potential value-add via selective modernization
- Household growth and smaller household sizes within 3 miles point to renter pool expansion and support occupancy stability
- Risk: elevated rent-to-income pressures require disciplined lease management and resident retention strategies