| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 84th | Best |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1819 W Alameda Ave, Burbank, CA, 91506, US |
| Region / Metro | Burbank |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | 1999-02-05 |
| Transaction Price | $1,950,000 |
| Buyer | B M PROPERTIES |
| Seller | REDIGER FAMILY TRUST REDIGER DONN E AND JUDIT |
1819 W Alameda Ave Burbank Multifamily Investment
Inner Suburb location with an A-rated neighborhood and high-cost ownership landscape that supports durable renter demand; neighborhood occupancy is measured for the area, not this property, and remains broadly stable according to WDSuite’s CRE market data.
Positioned in Burbank’s Inner Suburb, the neighborhood ranks within the top quartile among 1,441 Los Angeles–area neighborhoods (A rating), signaling strong fundamentals for multifamily. Amenity access is a clear strength, with restaurants, pharmacies, parks, cafes, and groceries benchmarking in high national percentiles, which generally supports leasing appeal and resident retention.
Local ownership costs are elevated (neighborhood home values benchmark in the high national percentiles), which tends to sustain reliance on rental housing and can underpin pricing power for well-maintained assets. Neighborhood rent-to-income sits near the national middle, suggesting manageable affordability pressure and potential for steady lease performance rather than volatility.
Construction patterns skew older in the immediate area (average vintage late-1960s). A 1986 asset can compete well versus older stock while investors should still plan for targeted modernization and system upgrades to meet current renter expectations—often a practical path for value-add positioning.
Tenure signals differ by geography: within the neighborhood, the share of renter-occupied housing units is roughly two-fifths, indicating a meaningful but not dominant renter concentration. Within a 3-mile radius, renters account for a larger share of occupied units, expanding the broader tenant base. Over the past five years, neighborhood occupancy has been broadly steady around the low-90s; at the 3-mile radius, households increased modestly and are projected to rise further, pointing to renter pool expansion that can support occupancy stability and leasing velocity.
Schools rate around mid-range for the metro, and demographic indicators are favorable for workforce housing: high educational attainment and strong median incomes compared with national norms. Taken together—and based on CRE market data from WDSuite—these neighborhood dynamics align with investor objectives centered on durable demand, with forward-looking household growth (3-mile radius) reinforcing depth of the prospective renter pool.
Comparable neighborhood crime benchmarks are not available in the current dataset for this location. Investors typically contextualize property-level security measures and loss-history trends against citywide and metro patterns to gauge relative safety and potential operating impacts over time.
Proximity to major media and corporate employers supports a deep commuter renter base and can aid retention, particularly for professionals seeking short commutes to Disney, Radio Disney, Charter Communications, Avery Dennison, and Live Nation Entertainment.
- Disney — media & entertainment (0.3 miles) — HQ
- Radio Disney — media & entertainment (1.3 miles)
- Charter Communications — telecommunications (3.0 miles)
- Avery Dennison — packaging & materials (3.8 miles) — HQ
- Live Nation Entertainment — live entertainment (4.3 miles)
This 20-unit 1986 multifamily asset in Burbank’s A-rated Inner Suburb benefits from strong neighborhood positioning, high amenity access, and an employment base anchored by top-tier media and corporate offices. Relative to the area’s older average vintage, the asset’s year of construction should be competitive, with room for targeted updates that can enhance rentability and tenant retention. According to CRE market data from WDSuite, neighborhood occupancy has held near the low-90s and the broader 3-mile area shows growth in households ahead, supporting a larger tenant base and steady leasing fundamentals.
Elevated for-sale home values in the neighborhood help sustain reliance on multifamily housing, while mid-range rent-to-income dynamics point to measured pricing power rather than overextension. For investors, the combination of location fundamentals, employer proximity, and value-add potential provides a clear path to long-term, operations-focused performance—balanced by the need to monitor school quality, operating costs, and macro demand variability.
- A-rated neighborhood with top-quartile metro rank among 1,441 areas supports durable multifamily demand
- 1986 vintage is newer than the local average, offering competitive positioning plus renovation upside
- High-cost ownership market reinforces renter reliance, aiding pricing power and lease retention
- Household growth within 3 miles expands the renter pool, supporting occupancy stability and leasing
- Risks: average school ratings, operating cost pressures, and sensitivity to broader economic cycles