| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 67th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1725 Grismer Ave, Burbank, CA, 91504, US |
| Region / Metro | Burbank |
| Year of Construction | 1991 |
| Units | 36 |
| Transaction Date | 2016-09-26 |
| Transaction Price | $9,400,000 |
| Buyer | MC CADILLAC PROPETIES LLC |
| Seller | GOLDMAN MARTIN |
1725 Grismer Ave Burbank Multifamily Near Studios
Renter demand is supported by strong neighborhood occupancy and a high share of renter-occupied units in the surrounding area, according to WDSuite’s CRE market data. For investors, this points to steady leasing fundamentals in an Urban Core pocket of Burbank rather than property-specific guarantees.
Neighborhood dynamics and livability
The property sits in a Los Angeles metro neighborhood that is top quartile among 1,441 metro neighborhoods (A-rated), reflecting strong overall fundamentals. Amenity access is a clear advantage: restaurants, groceries, parks, and pharmacies all register in high national percentiles, supporting daily convenience and tenant retention. Average school ratings trend above many urban peers, offering an additional demand pillar for a portion of renters.
Multifamily performance indicators at the neighborhood level show competitive occupancy versus other Los Angeles neighborhoods and a deep renter base, with a high share of housing units renter-occupied. In a high-cost ownership market, elevated home values (high national percentile) and a high value-to-income ratio reinforce reliance on rentals, which can aid lease stability and pricing power when managed carefully.
Within a 3-mile radius, demographics indicate modest population movement but a growing household count and smaller average household sizes over the last several years, expanding the local renter pool. Looking ahead, projections point to continued increases in households through the forecast period, which supports occupancy stability and absorption for well-positioned assets. These trends are consistent with commercial real estate analysis from WDSuite showing sustained renter demand in infill Los Angeles locations.
Vintage matters for competitiveness. Built in 1991, the asset is newer than the neighborhood’s average construction year, which can help it compete against older stock; investors should still plan for modernization of systems and finishes to keep pace with tenant expectations and to protect NOI.
Safety context
Relative to neighborhoods nationwide, this area scores above average on safety metrics, with violent offense measures landing in higher national percentiles. Within the Los Angeles metro, the neighborhood performs above the median compared to many urban peers, indicating a generally favorable backdrop versus regional alternatives.
Recent year-over-year readings show improvement in violent offense trends but some volatility in property-related incidents. Investors should view these as neighborhood-level signals rather than block-level guarantees and incorporate routine monitoring and standard property-level security practices into asset plans.
Proximity to major corporate offices supports a broad professional tenant base and commute convenience. Nearby anchors include Charter Communications, Disney, Radio Disney, and Avery Dennison.
- Charter Communications — corporate offices (1.1 miles)
- Disney — corporate offices (2.6 miles) — HQ
- Radio Disney — corporate offices (3.0 miles)
- Avery Dennison — corporate offices (4.7 miles) — HQ
1725 Grismer Ave offers investors a well-located, infill Burbank position with neighborhood occupancy that is competitive across Los Angeles and a high concentration of renter-occupied housing units supporting demand depth. Built in 1991, the property is newer than much of the surrounding stock, providing relative competitiveness while leaving room for targeted value-add to interiors and common areas.
According to CRE market data from WDSuite, the surrounding neighborhood ranks well for amenities and shows strong national percentiles for restaurants, groceries, and parks, reinforcing leasing and retention. Within a 3-mile radius, household counts have risen and are projected to continue increasing, implying a larger tenant base even as household sizes edge lower. Elevated ownership costs in this area further sustain reliance on multifamily, though rent-to-income levels warrant attentive lease management.
- Competitive infill location with strong amenity access and above-median neighborhood occupancy supporting leasing stability.
- 1991 vintage offers an edge versus older stock, with actionable modernization and value-add opportunities.
- High-cost ownership market supports rental demand depth and potential pricing power with prudent operations.
- Demand tailwinds from projected household growth within 3 miles, bolstering the renter pool over the medium term.
- Risks: affordability pressure (rent-to-income), periodic property-crime volatility, and macro sensitivity in entertainment-adjacent employment nodes.