| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 67th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1601 Scott Rd, Burbank, CA, 91504, US |
| Region / Metro | Burbank |
| Year of Construction | 2009 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1601 Scott Rd, Burbank CA Multifamily Investment
Newer mid-size asset in a high-demand Burbank neighborhood, where renter concentration and steady occupancy support income durability, according to WDSuite’s CRE market data.
The property sits in an Urban Core pocket of Burbank that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (76 of 1,441), with an A neighborhood rating and a track record of renter demand. Neighborhood occupancy has remained elevated relative to national trends, supporting consistent leasing and lower downtime risk for multifamily assets.
Daily-life amenities are a strength: restaurants, grocery, parks, and pharmacies all benchmark in the upper national percentiles, which reinforces resident retention and leasing velocity. Average school ratings also trend above national medians, adding to the area’s livability profile for a broad renter base.
The local housing stock has a high share of renter-occupied units (well above metro norms), signaling depth in the tenant pool and stability for professionally managed rentals. Median asking rents in the neighborhood have risen over the past five years, while occupancy remains healthy—factors that typically support NOI consistency for well-operated properties.
Within a 3-mile radius, demographics indicate roughly stable population with modest growth in household counts and slightly smaller household sizes. This combination points to a larger renter pool over time and supports occupancy stability even as preferences shift toward professionally managed apartments. Higher home values in the area relative to national benchmarks create a high-cost ownership market, which tends to sustain rental demand and can bolster pricing power for competitive multifamily communities.
Neighborhood safety indicators compare favorably at the national level, with overall crime levels above the national median for safety and competitive among Los Angeles-Long Beach-Glendale neighborhoods (benchmarked against 1,441 metro neighborhoods). Violent-offense measures sit in higher national percentiles, and recent trends show improvement.
Property-related offenses have seen a recent uptick on a year-over-year basis, so investors may want to factor ongoing monitoring, lighting, access control, and package-management practices into operating plans. Overall, the area’s comparative standing remains solid versus national norms, but prudent risk management is warranted given the mixed trends.
Proximity to major employers underpins demand from media, telecom, and corporate office workers, supporting leasing and retention for workforce and professional tenants. Nearby anchors include Charter Communications, Disney, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Charter Communications — telecom & corporate offices (1.3 miles)
- Disney — media & entertainment (2.5 miles) — HQ
- Radio Disney — media offices (2.96 miles)
- Avery Dennison — materials & corporate offices (4.6 miles) — HQ
- Live Nation Entertainment — entertainment corporate offices (6.4 miles)
Built in 2009 with 43 units, the asset is materially newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while approaching mid-life systems planning. Neighborhood fundamentals point to sustained renter demand: elevated occupancy, a high share of renter-occupied housing units, and strong amenity access that supports retention and steady leasing. According to CRE market data from WDSuite, local NOI performance benchmarks well versus national peers and occupancy trends remain healthy compared with broader metro patterns.
Within a 3-mile radius, population is broadly stable while household counts are rising and average household size is edging lower—signals consistent with a gradually expanding renter pool. High home values in this submarket create a high-cost ownership environment, which typically sustains rental reliance and supports pricing power for well-positioned communities. Key risks include rent-to-income pressure and recent variability in property-crime measures, suggesting attention to revenue management, screening, and on-site security practices.
- 2009 vintage offers competitive positioning versus older local stock with manageable mid-life CapEx planning
- Elevated neighborhood occupancy and high renter concentration support demand depth and leasing stability
- Amenity-rich Urban Core location aids retention and cushions vacancy risk
- High-cost ownership market reinforces multifamily demand and pricing power
- Risk: rent-to-income pressure and recent property-crime volatility warrant disciplined revenue and security strategies