| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 85th | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 230 N Valley St, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
230 N Valley St, Burbank CA Multifamily Investment
Renter concentration is high in the surrounding neighborhood, and elevated ownership costs in Burbank tend to reinforce multifamily demand, according to WDSuite’s CRE market data. With a 1989 vintage that is newer than much of the area s housing stock, the asset can compete on finishes and systems while still offering value-add pathways.
The property sits in an Urban Core neighborhood rated A that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 119 out of 1,441). Restaurant density is a clear strength (top national percentiles), and cafes, pharmacies, and childcare access also score above national norms, while grocery options are adequate. Public parks are limited nearby, so on-site amenities can help support resident satisfaction and retention.
Median home values in the neighborhood are among the highest nationally, which points to a high-cost ownership market and supports lease retention and pricing power for well-maintained rentals. Neighborhood rent-to-income levels appear comparatively manageable versus national norms, suggesting affordability pressure is less acute, an advantage for lease management.
Renter-occupied housing represents a substantial share of neighborhood units, indicating a deep tenant base for multifamily. School quality trends above national averages (average around 4 of 5), which can aid family renter appeal. Note that references to occupancy and tenure are measured for the neighborhood, not the property.
Construction in the immediate area skews older than this property s 1989 vintage, which can be an advantage for positioning against legacy stock; however, investors should still underwrite selective modernization and common-area refresh to meet today s renter expectations.
Within a 3-mile radius, demographics show a stable to rising renter pool over the forecast period: household counts are projected to increase and average household size to edge lower, which typically expands the base of potential renters and supports occupancy stability. These 3-mile statistics are aggregated and, together with neighborhood trends, frame demand depth for multifamily.
Safety indicators compare favorably at the national level, with the neighborhood scoring in higher national percentiles for both lower violent and property offenses. According to CRE market data from WDSuite, recent year-over-year trends point to notable declines in estimated offense rates, which supports resident retention and leasing stability. Use neighborhood-level figures directionally; conditions can vary by block, and investors should pair this context with standard due diligence.
Proximity to major media and corporate employers underpins renter demand and commute convenience for working professionals. Nearby anchors include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney corporate offices (0.35 miles)
- Disney corporate offices (1.33 miles) HQ
- Charter Communications corporate offices (3.18 miles)
- Live Nation Entertainment corporate offices (3.60 miles)
- Avery Dennison corporate offices (5.24 miles) HQ
230 N Valley St offers exposure to a high-cost ownership market where renter demand is reinforced by elevated home values and a sizable share of renter-occupied units at the neighborhood level. Amenities, schools, and safety indicators sit in higher national percentiles, supporting tenant appeal. Neighborhood occupancy has been softer than national norms recently, so effective operations and product differentiation matter for lease-up and renewal performance. Based on CRE market data from WDSuite, the immediate area s NOI per unit trends are strong relative to national benchmarks, underscoring revenue potential for well-managed assets.
Built in 1989, the property is newer than much of the surrounding housing stock, which can support competitive positioning versus older assets, while still allowing targeted value-add through unit updates and systems modernization. Within a 3-mile radius, forecasts call for growth in households and income, which expands the renter pool and supports occupancy stability over the medium term.
- High-cost ownership market supports sustained multifamily demand and lease retention.
- 1989 vintage competes well versus older local stock, with clear value-add pathways.
- Strong neighborhood amenities, schools, and safety percentiles bolster renter appeal.
- 3-mile forecasts indicate growth in households and incomes, expanding the tenant base.
- Risk: neighborhood occupancy has trailed broader benchmarks; performance hinges on execution and product differentiation.