| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 226 E Elmwood Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
226 E Elmwood Ave Burbank Multifamily Investment
Amenity-rich Urban Core location in Burbank with neighborhood occupancy above the national median supports durable renter demand, according to WDSuite's CRE market data. High renter-occupied concentration reflects depth of the tenant base at the neighborhood level, not the property.
Positioned within the Los Angeles-Long Beach-Glendale metro, this Urban Core neighborhood ranks 44th of 1,441 for amenities (top quartile in the metro). Nationally, access to daily needs is a standout, with grocery and cafe density near the top of the distribution and pharmacies also strong. This concentration of services typically supports leasing velocity and retention for a broad renter profile, based on CRE market data from WDSuite.
Neighborhood occupancy is 93.8% (above the U.S. median), signaling steadier performance than many national peers. The share of housing units that are renter-occupied is 81.9% (top tier nationally and within the metro), indicating a deep, active tenant base that can sustain absorption and renewal activity.
Within a 3-mile radius, households have inched higher and are projected to grow further even as population remains roughly flat. This points to smaller household sizes and a larger number of households competing for rental units, supporting occupancy stability and consistent leasing.
Elevated home values and a high value-to-income ratio define a high-cost ownership market, which tends to reinforce reliance on rentals and can underpin pricing power. That said, a relatively high neighborhood rent-to-income ratio suggests affordability pressure is a consideration for lease management and renewal strategies. Average school ratings sit slightly above national medians, adding to day-to-day livability.
Neighborhood crime data are not available in this feed for precise benchmarking. In similar Urban Core areas of the Los Angeles-Long Beach-Glendale metro, conditions can vary by corridor; investors often focus on property-level measures (lighting, access control, management presence) and review city or police summaries to understand trend direction rather than rely on a single point-in-time estimate.
Nearby entertainment and corporate offices provide a broad professional employment base that supports commuter convenience, leasing stability, and retention. Key employers in proximity include Disney, Radio Disney, Avery Dennison, Charter Communications, and Live Nation Entertainment.
- Disney - media & entertainment (1.9 miles) - HQ
- Radio Disney - media (2.9 miles)
- Avery Dennison - materials & packaging (2.9 miles) - HQ
- Charter Communications - telecommunications (3.0 miles)
- Live Nation Entertainment - entertainment (5.7 miles)
The investment case centers on amenity density, above-median neighborhood occupancy, and a deep renter pool in a high-cost ownership market. Built in 1989, the property is newer than the neighborhood average vintage, which can offer a competitive edge versus older stock; investors may still evaluate selective systems modernization or common-area updates to sharpen positioning.
Elevated home values and strong daily conveniences support demand durability, while nearby entertainment and corporate employers reinforce a broad commuter base. According to commercial real estate analysis from WDSuite, these neighborhood fundamentals compare favorably to many national peers, though rent-to-income levels warrant attentive lease management and renewal strategies.
- Amenity-rich Urban Core location (top-quartile metro amenities) supports leasing velocity and renewal strength.
- Above-median neighborhood occupancy and high renter-occupied share indicate a deep tenant base.
- 1989 vintage offers relative competitiveness versus older stock with potential value-add via targeted upgrades.
- High-cost ownership market reinforces reliance on rentals, supporting pricing power over time.
- Risk: Elevated rent-to-income ratios and service-oriented employment exposure call for careful lease and credit management.