| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 67th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1735 Peyton Ave, Burbank, CA, 91504, US |
| Region / Metro | Burbank |
| Year of Construction | 1988 |
| Units | 30 |
| Transaction Date | 2014-11-04 |
| Transaction Price | $8,450,000 |
| Buyer | 3250 Fairesta LLC |
| Seller | Peyton Place LLC |
1735 Peyton Ave Burbank 30-Unit Multifamily
Neighborhood occupancy is strong and renter demand is deep in this part of Burbank, according to WDSuite’s CRE market data, supporting stable performance for well-managed assets. The investment angle centers on sustained renter-occupied housing and location fundamentals rather than outsized lease-up bets.
Located in Burbank’s Urban Core, the property benefits from an A-rated neighborhood that is competitive among Los Angeles neighborhoods (76 out of 1,441). Dining, parks, groceries, and pharmacies score in the top national percentiles, signaling day-to-day convenience that helps with resident retention and leasing.
Neighborhood occupancy is above metro medians, with the area posting a high occupancy level and solid NOI-per-unit performance versus many U.S. neighborhoods. Median contract rents in the neighborhood sit in upper national percentiles, and neighborhood occupancy has trended slightly higher over the past five years—context that supports income stability for multifamily owners.
The share of housing units that are renter-occupied is high at the neighborhood level, indicating a deep tenant base and consistent multifamily demand. Elevated home values locally (high national percentile) point to a high-cost ownership market, which tends to reinforce reliance on rental options and can support pricing power and lease retention for well-run assets.
Within a 3-mile radius, demographics show households have increased even as average household size edged lower, creating a larger pool of renting households over time. Projections over the next five years indicate continued growth in households and income gains, which can expand the renter pool and support occupancy stability, based on CRE market data from WDSuite.
Schools in the neighborhood average mid-3s out of 5 (above national median), and amenity access ranks in high national percentiles for restaurants, parks, groceries, and childcare—features that bolster livability and help sustain demand from working professionals and families.
Safety indicators compare favorably to national norms, with the neighborhood landing in the safer half nationwide and competitive among Los Angeles neighborhoods (crime rank 563 out of 1,441). Violent-offense measures are in a higher national safety percentile, while property-offense measures also trend safer than many neighborhoods nationally.
Recent trends are mixed: violent incidents have improved year over year, while property incidents show a recent uptick. Investors should underwrite to these dynamics and continue monitoring multi-year patterns rather than a single-year swing.
Proximity to major studios and corporate offices supports a large professional renter base and convenient commutes. Notable nearby employers include Charter Communications, Disney, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Charter Communications — telecommunications (1.0 miles)
- Disney — entertainment/media (2.8 miles) — HQ
- Radio Disney — media (3.1 miles)
- Avery Dennison — materials & packaging (4.9 miles) — HQ
- Live Nation Entertainment — live entertainment (6.7 miles)
Built in 1988, the 30-unit property offers relatively newer vintage versus much of the local stock, which can provide a competitive edge while leaving room for targeted modernization to capture rent premiums. Neighborhood fundamentals are supportive: high occupancy at the neighborhood level, strong amenity access, and an above-median NOI profile suggest durable renter demand, according to CRE market data from WDSuite.
Burbank’s high-cost ownership environment and a sizeable share of renter-occupied housing units underpin depth of demand, while 3-mile household growth and smaller average household sizes point to a larger tenant base over time. Key underwriting watchpoints include local rent-to-income pressures and recent variability in property crime trends, which call for measured rent growth assumptions and pragmatic asset management.
- 1988 vintage with value-add/modernization potential to enhance competitiveness
- Strong neighborhood occupancy and NOI profile supporting income stability
- High-cost ownership market reinforces renter reliance and pricing power
- 3-mile household growth expands tenant base and supports leasing
- Risk: affordability pressures and property-crime variability warrant conservative underwriting