| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 240 E Santa Anita Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1990 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
240 E Santa Anita Ave Burbank Multifamily Investment
According to WDSuite’s CRE market data, the surrounding neighborhood shows a high renter-occupied concentration and steady occupancy, indicating durable tenant demand for stabilized operations in Burbank.
Positioned in Burbank’s urban core, the property benefits from an A+ neighborhood rating and is ranked 56th among 1,441 Los Angeles metro neighborhoods, placing it in the top quartile nationally. Amenity access is a strength: restaurants and cafes score in the high national percentiles, and pharmacies and parks are also well represented, supporting renter convenience and lease retention.
Neighborhood-level multifamily metrics indicate demand depth. The share of housing units that are renter-occupied is high, reinforcing a sizable tenant base, while neighborhood occupancy is above the national median. Median contract rents in the neighborhood sit in the upper national percentiles, reflecting competitive positioning within Los Angeles and suggesting pricing power when paired with strong leasing fundamentals.
Livability drivers are broad-based. Amenity availability is strong (restaurants ~99th percentile, cafes ~96th, pharmacies ~97th, parks ~89th nationally), and average school ratings are around the national middle-to-upper range. For investors, this mix supports resident stickiness and reduces turnover risk relative to amenity-light submarkets.
Within a 3-mile radius, demographics show a stable population with a recent increase in households and a gradual decrease in average household size, which typically expands the renter pool and supports occupancy stability. Rising median incomes and forecast rent growth indicate capacity for sustained rent levels, according to WDSuite’s commercial real estate analysis. Elevated home values in the neighborhood signal a high-cost ownership market, which tends to reinforce renter reliance on multifamily housing and supports retention.
Vintage context: Built in 1990, the asset is slightly newer than the neighborhood’s average construction year. This positioning can be competitive versus older stock while still warranting selective modernization or systems updates to meet current renter expectations and reduce near-term capital surprises.
Neighborhood safety indicators are generally favorable on a national basis, with overall crime positioned around the upper-half percentiles nationwide, indicating comparatively safer conditions than many urban areas. Property offense measures sit in a strong national percentile and have declined year over year, which supports resident confidence and leasing stability.
Trends are mixed for violent offenses: the neighborhood’s comparative standing is moderately above national averages, but a recent uptick suggests investors should monitor forward data and emphasize standard security measures and lighting in capital plans. Interpreting these signals at the neighborhood level—rather than the block—helps set realistic expectations for renter sentiment and asset operations.
Proximity to major entertainment and corporate employers underpins workforce housing demand and commute convenience for renters. Nearby anchors include Disney, Charter Communications, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Disney — entertainment & media (1.9 miles) — HQ
- Charter Communications — telecommunications (2.8 miles)
- Radio Disney — media offices (2.8 miles)
- Avery Dennison — manufacturing & materials (3.1 miles) — HQ
- Live Nation Entertainment — entertainment (5.8 miles)
This 20-unit asset at 240 E Santa Anita Ave is positioned within an A+ rated, amenity-rich Burbank neighborhood where the share of housing units that are renter-occupied is high and neighborhood occupancy trends above national medians. Elevated home values in the neighborhood point to a high-cost ownership market that tends to sustain rental demand and support retention, while strong amenity access and employer proximity bolster leasing fundamentals.
Built in 1990, the property is slightly newer than the neighborhood average, offering competitive positioning against older stock while leaving room for targeted value-add through modernization and efficiency upgrades. Demographics within a 3-mile radius show a recent increase in households and shrinking household size, which typically expands the renter pool and supports occupancy stability; according to CRE market data from WDSuite, median rents and incomes track in higher national percentiles, reinforcing long-term revenue potential with prudent lease management.
- Amenity-rich A+ neighborhood in the Los Angeles metro supports tenant retention and leasing velocity.
- High renter-occupied share and above-median neighborhood occupancy indicate demand depth for multifamily.
- 1990 vintage offers competitive positioning with selective value-add and systems updates.
- Proximity to major employers (Disney, Charter, Avery Dennison) supports workforce demand and lease stability.
- Risks: elevated rent-to-income levels and a recent uptick in violent offenses warrant careful lease and security management.