| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 68th | Good |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 340 N Wabash Ave, Glendora, CA, 91741, US |
| Region / Metro | Glendora |
| Year of Construction | 1982 |
| Units | 105 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
340 N Wabash Ave, Glendora Multifamily Investment
Neighborhood fundamentals point to durable renter demand and stable occupancy, according to WDSuite’s CRE market data. In a high-cost ownership pocket of Los Angeles County, this location offers investors pricing power potential without overextending affordability.
The property sits in an Inner Suburb of Los Angeles County with an A- neighborhood rating and ranks 262 out of 1,441 metro neighborhoods — top quartile among the metro by WDSuite’s benchmarks. Local occupancy for the neighborhood is firmly in the upper tier nationally, supporting lease stability for well-managed assets.
Amenities are a relative strength: cafes and restaurants index high compared with national peers, and pharmacy access is also strong. Park access is limited nearby, which places more weight on on-site open space and property-level amenities to compete for tenants. Average school ratings in the area are above national norms, which can support retention for family renters.
The neighborhood skews toward ownership, with an estimated 37.8% of housing units renter-occupied. For multifamily investors, this indicates a moderate renter concentration and a workable depth of tenant base, rather than saturation. Elevated home values (well above national percentiles) and a high value-to-income environment reinforce reliance on multifamily housing, supporting rent collections and renewal prospects.
Vintage dynamics also matter: nearby housing stock averages 1965, while this asset was built in 1982. The 1980s vintage tends to compete well against older housing in the immediate area while still benefiting from targeted modernization and energy-efficiency upgrades to enhance positioning.
Within a 3-mile radius, demographics show a slight population dip alongside growth in households and smaller average household sizes. This pattern typically broadens the renter pool and supports occupancy stability, even as overall population growth remains muted. Median household incomes have trended upward and are projected to continue rising, which supports rent levels and collections for professionally managed communities.
Safety trends are mixed and should be underwritten with care. The neighborhood’s overall crime rank is 1006 out of 1,441 metro neighborhoods, indicating it trails the metro median for safety, and it sits below the national midpoint. Recent data show property offenses improving year over year, while violent offense trends worsened over the same period. Investors should weigh these signals alongside property-level security measures and tenant screening practices.
Regional employment is diversified across energy, logistics, utilities, and aerospace, supporting commuter demand and weekday leasing stability. Nearby anchors include Chevron, Ryder, Waste Management, Edison International, and United Technologies.
- Chevron — energy (10.7 miles)
- Ryder Vehicle Sales — logistics & fleet services (11.1 miles)
- Waste Management — environmental services (13.9 miles)
- Edison International — utilities (13.9 miles) — HQ
- United Technologies — aerospace & industrial (15.8 miles)
This 105-unit, 1982-vintage community benefits from a high-cost ownership backdrop and neighborhood occupancy that trends in the upper tier nationally, supporting a case for stable cash flows with operational discipline. Based on commercial real estate analysis from WDSuite, renter demand is reinforced by strong local amenities and above-average school ratings, while the area’s renter concentration remains moderate — indicating room for quality assets to capture share.
Forward-looking fundamentals within a 3-mile radius point to more households and smaller average household sizes, which typically expand the renter pool and support leasing velocity. The 1980s vintage should remain competitive against older nearby stock, with targeted upgrades offering value-add potential and improved energy performance.
- Occupancy strength in the neighborhood supports leasing stability and renewal potential.
- High-cost ownership market reinforces reliance on rentals, aiding pricing power and collections.
- Amenity-rich area and above-average schools enhance property competitiveness and retention.
- 1982 vintage offers value-add upside through targeted modernization versus older local stock.
- Risks: mixed safety signals and limited park access require proactive management and asset-level mitigations.