| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 257 E Valencia Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1993 |
| Units | 24 |
| Transaction Date | 2001-07-23 |
| Transaction Price | $2,850,000 |
| Buyer | STANLEY A SIROTT TRUST |
| Seller | JOSE AND LILY TAM LIVING TRUST |
257 E Valencia Ave, Burbank Multifamily Opportunity
Positioned in Burbank an Urban Core pocket with deep renter demand 4the property benefits from neighborhood occupancy stability and strong amenity access, according to WDSuite 19s CRE market data.
Burbank s Urban Core setting scores an A neighborhood rating and ranks 161 out of 1,441 Los Angeles metro neighborhoods, placing it in the top quartile locally for overall fundamentals. The area s amenity density is a clear strength 4grocery, pharmacy, and dining access land in high national percentiles 4which supports renter retention and day-to-day convenience.
The neighborhood occupancy rate is 93.8% (neighborhood, not property), with performance that sits above national midrange and has been relatively steady in recent years. Renter-occupied housing makes up roughly 81.9% of units, indicating a large tenant base and consistent leasing velocity for multifamily assets.
Construction vintage in the area averages 1976, while this asset was built in 1993. Newer stock relative to the neighborhood typically competes well against older buildings, though systems modernization and select unit updates may be needed to remain competitive at current rent levels.
Within a 3-mile radius, demographics show a stable population with a modest recent uptick in households and forecasts calling for continued household growth alongside slightly smaller average household sizes. For investors, this points to a broader tenant base and ongoing demand for rental housing, even as rent-to-income levels indicate some affordability pressure that warrants attentive lease management.
Home values in the neighborhood are elevated versus national norms, a high-cost ownership backdrop that tends to reinforce reliance on rental options and support pricing power for well-maintained units. Average school ratings are mid-range locally, adequate for a broad renter profile without being a primary driver of demand.
Neighborhood-specific crime metrics were not available from WDSuite for this location. Investors typically benchmark conditions against Burbank and Los Angeles metro trends using public sources and property-level measures (lighting, access control, and management practices) to assess resident experience and retention risk.
Nearby corporate offices in media and communications underpin a sizable employment base and support renter demand through short commutes. The employers below reflect the closest anchors relevant to leasing stability in this pocket.
- Disney entertainment HQ (1.97 miles) HQ
- Avery Dennison materials & packaging (2.82 miles) HQ
- Radio Disney media (2.89 miles)
- Charter Communications telecommunications (3.01 miles)
- Live Nation Entertainment entertainment (5.76 miles)
Built in 1993 with 24 units averaging about 967 square feet, the asset is newer than the neighborhood s 1970s-era stock, offering competitive positioning versus older buildings. Elevated neighborhood home values and a high share of renter-occupied units point to a deep tenant base and durable leasing demand, while the neighborhood occupancy rate has remained solid relative to broader national benchmarks. According to CRE market data from WDSuite, the area s amenity access and proximity to major employers further support rent durability.
Forward-looking demand appears supported by household growth within a 3-mile radius and strong employment anchors nearby. Investors should account for rent-to-income pressures when planning renewals and value-add scope; selective modernization can help sustain occupancy and capture market rents without overextending affordability.
- 1993 vintage offers competitive positioning versus older neighborhood stock, with targeted upgrades to keep systems current.
- High renter concentration and solid neighborhood occupancy support stable leasing fundamentals.
- Elevated ownership costs in the area reinforce reliance on multifamily rentals and pricing power for well-maintained units.
- Amenity-rich Urban Core location near major employers supports retention and steady demand.
- Risk: rent-to-income pressures require careful lease management and thoughtful value-add pacing.