Updated August 27, 2026
Every Glendale closing from this desk as price per residential unit. 12 buildings, 224 units, $55.6M.
| Year | Closings | Median per unit |
|---|---|---|
| 2012 | 1 | $237,895 (one sale) |
| 2014 | 4 | $260,960 |
| 2015 | 1 | $108,333 (one sale) |
| 2023 | 1 | $358,824 (one sale) |
| 2024 | 2 | $257,143 |
| 2025 | 3 | $259,375 |
Read the gap, not the numbers. There are no closings here between 2015 and 2023. Several of the years present carry a single sale, which is labeled as one sale rather than presented as a yearly median.
A record like this cannot describe a market year by year and should not be asked to. What it can do is show where the transactions actually were — and in Glendale they were front-loaded, absent for the better part of a decade, and then concentrated in the last three years. That pattern is the subject of the nine-year gap.
| Building size | Closings | Median per unit | Range |
|---|---|---|---|
| 4–10 units | 7 | $259,375 | $220,833 – $300,000 |
| 11–25 units | 3 | $247,500 | $237,895 – $358,824 |
| 26–50 units | 1 | $108,333 (one sale, not a median) | — |
| 51+ units | 1 | $263,587 (one sale, not a median) | — |
This is the unusual table. In every other submarket covered here the bands separate clearly — smaller buildings trade higher per door, sometimes dramatically. West Hollywood's small band carries a 43% premium over its larger one.
Glendale's bands barely move. The four-to-ten band and the eleven-to-twenty-five band sit within a few percent of each other. The size effect that dominates pricing elsewhere is close to invisible here.
The bands holding a single sale are labeled as such, including the one very low per-door figure that sits well outside the rest of the record. One transaction is one transaction, and it is not evidence of a price level.
Three reasons, set out properly in why Glendale prices so consistently: a homogeneous postwar stock built on similar lots, a buyer pool of long-term local operators rather than a mix of competing strategies, and the absence of both a rent cap and a transfer tax, which removes two of the biggest sources of building-to-building variation elsewhere.
Twelve buildings across thirteen years, with a nine-year hole. That is a genuine record and a small sample, and it is one desk's transactions rather than a market index. It holds no cap rates, no rents and no income figures, because the archive does not contain them.
What it is good for: establishing that Glendale prices in a narrow band, and giving an owner a real per-door reference that is unusually likely to apply to their own building.
The full list is at the Glendale closing record in full.
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