Updated August 27, 2026
Two of this desk's Glendale closings sit on Hilda Avenue, ten doors apart, and they closed in the same month.
| Closed | Building | Units | Price | Per unit |
|---|---|---|---|---|
| Dec 2014 | 1345 Hilda Ave | 9 | $2,325,000 | $258,333 |
| Dec 2014 | 1355 Hilda Ave | 7 | $2,100,000 | $300,000 |
Same street. Same month. Two units apart. Sixteen percent apart per door.
Almost everything. Location, street character, city, regulatory regime, market conditions and financing environment are identical — not similar, identical, because these closed within weeks of each other on the same block.
That makes it one of the cleanest natural experiments in the archive, alongside 7604 and 7605 Lexington Avenue in West Hollywood, which face each other across a street.
The smaller building priced higher per door — seven units at $300,000 against nine units at $258,333.
That is the expected direction, and here it is mild. Two units of difference producing sixteen percent is a modest slope compared with West Hollywood, where the small band runs 43% above the larger one across the same city.
Which is Glendale in miniature: the size effect exists, and it is weaker here than anywhere else covered. The reasons are in why Glendale prices so consistently.
Note the total prices too — $2,325,000 and $2,100,000, about 11% apart. On what actually changed hands these were closely comparable transactions. Price per unit exaggerates differences that the sale price does not show, which is the recurring lesson of every same-street pair in this record.
I will not attribute it to specifics I cannot evidence. The archive holds addresses, unit counts, prices and dates — not rent rolls, condition or construction years, and the methodology page says so.
What is true generally in Glendale and could sit inside a sixteen percent gap: unit mix and square footage per unit, what capital each building still needed, and where in-place rents sat relative to market — which in a city with no rent cap is upside a buyer can act on rather than wait for, and is therefore worth more at purchase than the same gap would be in Los Angeles.
Because most valuation arguments happen in the abstract, and this is a concrete one. Two buildings, one street, one month, and a sixteen percent per-door difference that has nothing to do with location, timing or the market.
Whatever explains it is a fact about the buildings. That is exactly the conversation an owner should be having about their own — and it is why a per-door figure borrowed from a neighbor, even a very close neighbor, is a starting point rather than an answer.
The full Glendale record is at the closing record in full.
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