| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 79th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 303 N Buena Vista St, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1987 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
303 N Buena Vista St, Burbank Multifamily Investment
Positioned in a high-cost ownership pocket of Burbank, the asset benefits from deep renter demand and solid neighborhood amenities, according to WDSuite’s CRE market data. Expect steady leasing fundamentals supported by strong local incomes and proximity to major employers.
Burbank’s urban core location offers daily convenience that supports tenant retention. Neighborhood amenities score in the top quartile nationally with strong access to parks and groceries (parks and grocery availability both test above most U.S. neighborhoods), and a robust mix of restaurants and cafes. Average school ratings hover around 4 out of 5 (above most areas nationally), which is often supportive for longer-term tenancy in family-oriented units.
Home values are elevated for the metro and test in very high national percentiles, which generally reinforces reliance on rental housing and supports pricing power for well-maintained assets. Median contract rents in the neighborhood are also high versus the nation, yet the rent-to-income relationship trends near national medians, suggesting manageable affordability pressure that can aid renewal rates.
The existing housing stock in the area skews older than the subject property. With a 1987 vintage, this asset is newer than the neighborhood average construction year and should compete well against legacy buildings; investors should still plan for targeted modernization of systems and finishes to sustain positioning.
Within a 3-mile radius, demographics indicate a sizable renter-occupied share of housing units and rising household counts alongside slightly smaller household sizes. Together, this points to a larger tenant base and supports occupancy stability over the medium term. Neighborhood occupancy is roughly around metro norms, and net operating income per unit benchmarks competitively against many U.S. neighborhoods, based on commercial real estate analysis from WDSuite.
Neighborhood safety indicators compare favorably. Recent data show property and violent offense measures in the safer tier nationally (top quartile), with violent incidents trending down year over year. In the Los Angeles-Long Beach-Glendale metro context of 1,441 neighborhoods, this area performs competitively, supporting day-to-day livability and leasing appeal without making block-level claims.
The property sits near a dense cluster of entertainment and corporate offices that underpin workforce housing demand and commute convenience for tenants, including Disney, Radio Disney, Charter Communications, Avery Dennison, and Live Nation Entertainment.
- Disney — entertainment & media (0.55 miles) — HQ
- Radio Disney — entertainment & media (0.94 miles)
- Charter Communications — telecommunications (2.63 miles)
- Avery Dennison — materials & manufacturing (4.28 miles) — HQ
- Live Nation Entertainment — entertainment offices (4.33 miles)
303 N Buena Vista St offers investors a well-located, 1987-vintage asset in a high-cost ownership area where elevated home values tend to sustain multifamily demand. Amenity access, competitive school ratings, and proximity to major employers support depth of the tenant base and renewal prospects. According to CRE market data from WDSuite, neighborhood rents and incomes benchmark strongly at the national level while occupancy trends hover around metro norms, suggesting steady cash flow potential with prudent operations.
The vintage is newer than much of the surrounding stock, implying relative competitiveness; targeted capital plans focused on modernization can unlock further value. Forward-looking 3-mile demographics point to growth in households and a sustained renter pool, reinforcing leasing stability, while the concentration of nearby entertainment and corporate employment underpins demand.
- High-cost ownership market reinforces renter reliance and pricing power
- 1987 vintage competes well versus older local stock; room for targeted upgrades
- Strong employer proximity (Disney, Charter, Avery Dennison) supports leasing and retention
- Neighborhood rents/incomes test well nationally; occupancy near metro norms supports stable operations
- Risk: entertainment-centric employment base can be cyclical; active lease management and diversification of tenant mix are prudent