| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 67th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1720 Scott Rd, Burbank, CA, 91504, US |
| Region / Metro | Burbank |
| Year of Construction | 1988 |
| Units | 33 |
| Transaction Date | 2020-01-09 |
| Transaction Price | $4,549,000 |
| Buyer | LISAM PROPERTIES LLC |
| Seller | WHITE OAK INVESTMENTS LLC |
1720 Scott Rd, Burbank Multifamily Investment
Neighborhood occupancy has remained firm and renter demand is deep in this Burbank pocket, according to WDSuite’s CRE market data, supporting stable performance for well-run assets.
Situated in Burbank’s Urban Core, the neighborhood carries an A rating and ranks 76th of 1,441 Los Angeles metro neighborhoods—competitive within the metro and in the top quartile nationally. For investors, this positioning indicates resilient renter demand and steady leasing fundamentals at the neighborhood level, not the property.
Daily needs and lifestyle amenities are a clear strength: restaurants and groceries index in the high national percentiles, with strong showings for parks, pharmacies, cafes, and childcare. This concentration of services supports tenant retention and broad appeal to working households.
Neighborhood occupancy is high (measured at the neighborhood level, not the property) and above most U.S. tracts, while renter-occupied share is elevated, signaling a deep tenant base for multifamily. Median home values in the area are high relative to incomes, which reinforces reliance on rental housing and can support pricing power and lease-up velocity for competitive product.
Within a 3-mile radius, demographic statistics indicate relatively stable population levels with a recent increase in total households and a modest decline in average household size—dynamics that typically expand the renter pool. Income measures have trended upward in recent years, and projected household gains through the mid-term suggest a larger tenant base, according to WDSuite’s commercial real estate analysis, which supports occupancy stability rather than outsized growth expectations.
Vintage context: the property was built in 1988, newer than the neighborhood’s average construction year (1976). This positioning can help competitiveness against older stock; still, investors should budget for selective modernization as systems age and to match renter expectations in a high-amenity corridor.
Neighborhood safety indicators compare favorably in a national context, with overall crime levels above the national median for safety (65th percentile) and violent offense rates in the top quartile nationally. Within the Los Angeles metro, the area ranks 563rd of 1,441 neighborhoods—competitive among LA neighborhoods rather than an outlier at either extreme.
Recent data show a meaningful year-over-year uptick in estimated property offense rates, even as current property and violent offense levels benchmark relatively well in national percentiles. Investors should underwrite to current trends and monitor directionality, focusing on on-site security standards and tenant experience rather than block-level assumptions. Figures cited reflect neighborhood-level measures, not the property.
Proximity to major media and corporate offices underpins workforce housing demand and commute convenience for tenants. Key nearby employers include Charter Communications, Disney, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Charter Communications — telecom & media (1.3 miles)
- Disney — entertainment (2.6 miles) — HQ
- Radio Disney — entertainment (3.0 miles)
- Avery Dennison — packaging materials (4.6 miles) — HQ
- Live Nation Entertainment — live events promoter (6.5 miles)
1720 Scott Rd offers scale at 33 units in a high-amenity, renter-heavy Burbank location where neighborhood occupancy trends are strong and median home values remain elevated versus incomes—factors that typically sustain multifamily demand and lease retention. Built in 1988, the asset is newer than the neighborhood’s average vintage, which can provide a competitive edge versus older inventory while still allowing for value-add through targeted modernization. According to CRE market data from WDSuite, neighborhood-level occupancy and income trends support steady performance rather than speculative growth assumptions.
Within a 3-mile radius, households have increased even as average household size has edged lower, pointing to a larger tenant base over time. Nearby entertainment and corporate employment nodes contribute to diversified demand drivers. Investors should weigh affordability pressure (rent-to-income near one-third at the neighborhood level) and recent variability in property crime trends in underwriting and asset management plans.
- Renter-heavy neighborhood and above-median occupancy support demand depth and leasing stability
- 1988 vintage is newer than local average, with potential for targeted value-add to enhance competitiveness
- High-amenity corridor near major media and corporate employers supports retention
- Household growth within 3 miles and rising incomes expand the tenant base over the medium term
- Risks: affordability pressure and recent property-crime volatility warrant prudent underwriting and on-site management focus