| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 67th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1806 Grismer Ave, Burbank, CA, 91504, US |
| Region / Metro | Burbank |
| Year of Construction | 1987 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1806 Grismer Ave, Burbank CA Multifamily Position
In a Burbank neighborhood with consistently strong renter demand and above-average occupancy versus many U.S. areas, this asset benefits from stable fundamentals, 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 (ranked 76 out of 1,441) and performs in the top quartile nationally on overall neighborhood quality. For investors, that positioning supports durable leasing and comparative stickiness during softer cycles.
Daily-life amenities are a clear strength: restaurant density scores in the 98th percentile nationally, with grocery, parks, pharmacies, and childcare all in the mid-90s percentiles. This concentration of services typically shortens errand and commute times, reinforcing retention. Average school ratings trend above national norms (around the 73rd percentile), a modest plus for family-oriented renter segments.
Multifamily dynamics are favorable. Neighborhood occupancy runs above most U.S. neighborhoods (nationally in the low-80s percentile), and the renter-occupied share of housing units ranks in the 97th percentile nationally—signaling a deep tenant base that can support lease-up and renewal velocity. Median home values sit in the mid-90s national percentile and value-to-income metrics are among the highest nationwide, indicating a high-cost ownership market that tends to sustain reliance on multifamily housing and bolster pricing power when managed carefully.
Vintage matters: the area’s average construction year is 1976, while the subject was built in 1987. Being newer than much of the local stock can aid competitive positioning; however, investors should still plan for modernization of aging systems or selective upgrades to align with today’s renter expectations.
Within a 3-mile radius, demographics show a stable population with a slight rise in total households and forecasts pointing to further household growth. As household sizes trend smaller, this typically expands the renter pool and supports occupancy stability and absorption for well-located properties.
Safety signals are comparatively favorable versus many U.S. neighborhoods overall, with violent offense rates trending in a stronger (safer) national percentile and improving year over year. Within the Los Angeles-Long Beach-Glendale metro context, the area is competitive rather than outlier-safe, which aligns with its Urban Core setting.
Property offense indicators currently sit in a relatively safer national percentile but have shown recent volatility with a short-term uptick. Investors should underwrite prudent security measures and monitor trendlines rather than relying on a single-year reading. Rank comparisons reference 1,441 metro neighborhoods to gauge relative positioning.
Proximity to major media, telecom, and materials employers underpins local renter demand by compressing commute times and diversifying the employment base. Key nearby anchors include Charter Communications, Disney, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Charter Communications — telecom & cable offices (1.17 miles)
- Disney — entertainment studios & offices (2.61 miles) — HQ
- Radio Disney — media offices (3.03 miles)
- Avery Dennison — materials & labels (4.70 miles) — HQ
- Live Nation Entertainment — entertainment (6.53 miles)
1806 Grismer Ave pairs Urban Core convenience with strong neighborhood fundamentals. The area posts above-median occupancy and a high concentration of renter-occupied housing units, while elevated ownership costs in Burbank and across Los Angeles County tend to reinforce reliance on multifamily housing. According to CRE market data from WDSuite, amenity access and school quality are solid relative to national benchmarks, supporting retention and leasing consistency.
Built in 1987, the asset is newer than much of the surrounding stock, offering a competitive edge against older comparables; investors should still anticipate targeted system updates or value-add finishes to meet modern renter preferences. Near-term leasing demand is supported by proximity to major employers and by household growth within a 3-mile radius, which expands the local tenant base and supports occupancy stability over the hold period.
- Stable neighborhood occupancy and deep renter-occupied housing base support renewal and lease-up.
- High-cost ownership market sustains multifamily demand and pricing power when managed prudently.
- 1987 vintage is newer than local average, with scope for selective modernization and value-add.
- Amenity-rich location and proximity to major employers bolster retention and tenant demand.
- Risk: monitor property-crime volatility and underwrite appropriate security and operating reserves.