| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1720 Scott Rd Burbank Multifamily Investment Outlook
Neighborhood occupancy remains elevated with deep renter demand and strong amenities, according to WDSuite’s CRE market data, supporting stable performance for a 33‑unit asset in a high-cost ownership market.
Burbank’s Urban Core setting delivers strong daily convenience: the neighborhood ranks 84th among 1,441 Los Angeles–Long Beach–Glendale neighborhoods (competitive locally) and sits in high national percentiles for restaurants, groceries, parks, and pharmacies. Average school ratings trend above the national median, which can aid retention for family-oriented renters.
For investors, the occupancy rate in the neighborhood is 96.8% (top quintile nationally), and rents have grown over the past five years, per WDSuite. With elevated home values relative to incomes (top national percentiles), the ownership market is high-cost, which tends to sustain reliance on multifamily rentals and support pricing power when managed carefully.
Unit tenure data show a high concentration of renter-occupied housing (roughly seven in ten units), indicating a sizable tenant base and depth of demand for professionally managed apartments. The subject’s 1988 construction is newer than the neighborhood’s average vintage (1976), which positions the property competitively versus older stock while still leaving room for targeted modernization to drive NOI.
Within a 3‑mile radius, households have increased even as total population edged down slightly, and projections indicate a further rise in household counts by 2028. This mix points to smaller household sizes and a broader renter pool, supporting occupancy stability and leasing velocity for mid-size multifamily assets.
Based on WDSuite’s neighborhood benchmarks, the area’s overall safety profile is above the national median, with violent offense rates trending in stronger national percentiles. Property offense levels also benchmark favorably versus many neighborhoods nationwide, though recent year-over-year trends show an uptick that investors should monitor.
In practice, this means comparable assets often benefit from steady day-to-day operations; however, underwriting should incorporate prudent security, lighting, and access-control measures, and ongoing review of local trend data as part of risk management.
Proximity to major media, telecommunications, and materials employers supports a large commuter base and helps underpin multifamily renter demand and retention in this submarket.
- Charter Communications — telecommunications (1.3 miles)
- Disney — media & entertainment (2.6 miles) — HQ
- Radio Disney — media (3.0 miles)
- Avery Dennison — materials & packaging (4.6 miles) — HQ
- Live Nation Entertainment — live entertainment (6.5 miles)
1720 Scott Rd is a 33‑unit, 1988‑vintage asset positioned in a high-amenity Burbank neighborhood where occupancy trends are strong and renter demand is deep. According to CRE market data from WDSuite, neighborhood occupancy is elevated versus many U.S. areas, and the ownership market’s high cost supports ongoing reliance on rental housing—positive for lease-up, renewals, and pricing power when paired with disciplined revenue management.
The vintage is newer than the neighborhood average, offering competitive positioning versus older stock and potential value-add upside through unit and common-area modernization. Within a 3‑mile radius, household growth and a broad income mix point to a larger tenant base over the forecast period, which can support sustained occupancy; investors should still plan for affordability pressure in renewal strategies and keep an eye on recent property crime trends in underwriting and operations.
- Elevated neighborhood occupancy and deep renter pool support stable collections
- 1988 vintage offers competitive positioning with clear modernization/value-add avenues
- High-cost ownership market reinforces multifamily demand and retention potential
- 3‑mile household growth expands the tenant base and supports leasing velocity
- Risks: affordability pressure and recent property crime uptick require prudent operations