| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 67th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1555 Scott Rd, Burbank, CA, 91504, US |
| Region / Metro | Burbank |
| Year of Construction | 1990 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1555 Scott Rd Burbank 96-Unit Multifamily
Neighborhood-level data point to steady occupancy and strong renter demand supporting lease stability, according to WDSuite s CRE market data.
Located in Burbank s Urban Core, the property benefits from a neighborhood that ranks competitive among Los Angeles-Long Beach-Glendale neighborhoods (84 out of 1,441) for overall amenity access and quality. Nationally, restaurants, parks, groceries, and pharmacies all sit in the top quartile, signaling daily convenience that helps tenant retention and leasing velocity.
The local housing environment shows above-metro-median occupancy at the neighborhood level, with rates that have edged higher over the past five years. In addition, the share of housing units that are renter-occupied is high for the metro around seven in ten indicating a deep tenant base and support for multifamily absorption. Neighborhood median contract rents are elevated relative to national levels, while the rent-to-income ratio suggests some affordability pressure that owners should manage through renewal strategies and unit positioning.
Construction year matters for competitive positioning. Built in 1990, the asset is newer than the neighborhood s average vintage from the mid-1970s, which typically supports curb appeal and renter preference versus older stock. That said, systems from this era may warrant targeted capital planning to maintain competitiveness and operating efficiency.
Demographic statistics aggregated within a 3-mile radius indicate stable population levels with a modest increase in households historically and additional household growth projected, implying a gradually expanding renter pool. Median household incomes in the 3-mile radius have risen, and are projected to continue increasing, which can support rent levels, though effective leasing will still need to balance pricing with local affordability.
Schools in the neighborhood rate above the national median, and the area s amenity mix cafes, childcare, and daily-needs retail compares favorably to both metro and national benchmarks. These location fundamentals, based on CRE market data from WDSuite, underpin durable renter demand for well-maintained assets.
Neighborhood safety indicators compare favorably to national norms overall, with violent offense measures in the top quartile nationally. Recent trend data show notable improvement in violent offenses year over year, while property-related offenses have been more volatile, warranting routine operational vigilance (lighting, access control, and resident engagement).
Within the Los Angeles-Long Beach-Glendale metro context, the neighborhood performs above average on several safety dimensions; however, investors should evaluate sub-neighborhood patterns and recent comps, as conditions can vary by corridor and over time.
Proximity to major entertainment and corporate offices supports a broad renter base and commute convenience, notably Charter Communications, Disney, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Charter Communications — telecommunications (1.3 miles)
- Disney — media & entertainment (2.5 miles) — HQ
- Radio Disney — media offices (2.9 miles)
- Avery Dennison — materials & packaging (4.5 miles) — HQ
- Live Nation Entertainment — live entertainment offices (6.4 miles)
This 96-unit, 1990-vintage asset is positioned in a high-amenity Burbank neighborhood where occupancy is above the metro median and renter concentration is strong, supporting durable demand and retention. Elevated home values in the area create a high-cost ownership market, which generally sustains reliance on multifamily housing and helps preserve occupancy stability. According to CRE market data from WDSuite, neighborhood operating fundamentals (NOI per unit and occupancy) compare favorably to national benchmarks.
The asset s vintage is newer than the neighborhood average, offering relative competitiveness versus 1970s stock, while still benefiting from selective renovations and systems upgrades for long-term performance. Within a 3-mile radius, households have grown historically and are projected to increase further, indicating a larger tenant base over time; owners should balance this demand tailwind with prudent lease management given local rent-to-income dynamics and recent property-crime variability.
- High-amenity, commuter-friendly location with top-quartile national access to daily needs
- Above-metro-median neighborhood occupancy and deep renter-occupied housing base support leasing stability
- 1990 vintage provides competitive positioning versus older local stock with targeted value-add potential
- 3-mile household growth and income gains expand the tenant pool and support rent levels
- Risks: affordability pressure (rent-to-income) and property-crime variability call for disciplined pricing and operations