| 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 | 82 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
303 N Buena Vista St, Burbank Multifamily Investment
Positioned in a high-demand Burbank corridor with stable renter fundamentals, the asset benefits from a deep local employment base and a high-cost ownership market. Insights are based on WDSuite’s CRE market data to frame occupancy stability and rent positioning for long-term operators.
Burbank’s Urban Core location delivers everyday convenience that supports tenant retention. Neighborhood amenities test in the top quartile nationally for parks, groceries, and restaurants, and average school ratings are also above national norms, according to WDSuite’s CRE market data. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood rates highly overall (competitive among 1,441 metro neighborhoods), signaling balanced livability and renter appeal rather than a transient, lease-up-only story.
The neighborhood’s renter-occupied share sits around half of housing units, indicating a durable tenant base for multifamily operators. Median contract rents benchmark well above national norms while rent-to-income metrics point to manageable affordability pressure, which can aid renewal outcomes. Median home values are elevated for the region, reinforcing reliance on rental housing and supporting pricing power for well-managed assets.
Vintage matters here: the property’s 1987 construction is newer than the neighborhood’s older housing stock (average vintage mid-1950s). That relative youth can enhance competitiveness against legacy product while leaving room for targeted modernization of interiors and systems to drive value-add returns without the full capital burden typical of pre-1970 assets.
Demographic statistics are aggregated within a 3-mile radius and show households increasing in recent years despite a roughly flat population trend, implying smaller household sizes and a broader lease-up funnel. Forward-looking projections indicate additional growth in households and incomes, expanding the potential renter pool and supporting occupancy stability for quality multifamily properties.
Comparable to many strong Los Angeles metro neighborhoods, this area tracks above the national median for safety, based on WDSuite’s CRE market data. Recent year-over-year trends indicate meaningful improvement in violent offense rates and a modest decline in property offenses, which supports resident retention and reduces operational friction for multifamily operators.
At the metro level (1,441 neighborhoods), the neighborhood performs above average on key safety indicators and lands in the upper national percentiles, signaling conditions that are generally favorable for stabilized operations rather than short-term leasing strategies. As always, safety can vary by block and over time; owners typically validate with on-the-ground reviews and current police data.
Proximity to major studios and corporate offices anchors a large professional workforce, supporting weekday occupancy, shorter commutes, and steady leasing. Key nearby employers include Disney, Radio Disney, Charter Communications, Avery Dennison, and Live Nation Entertainment.
- Disney — entertainment HQ (0.5 miles) — HQ
- Radio Disney — entertainment offices (0.9 miles)
- Charter Communications — telecommunications offices (2.6 miles)
- Avery Dennison — materials manufacturing HQ (4.3 miles) — HQ
- Live Nation Entertainment — live entertainment offices (4.3 miles)
The 82-unit property at 303 N Buena Vista St offers exposure to a high-cost ownership market with strong amenities, above-average schools, and a workforce tied to nearby media and corporate nodes. According to CRE market data from WDSuite, neighborhood rents benchmark in the upper national percentiles, while rent-to-income readings suggest manageable affordability pressure that can support renewals and stabilize occupancy through cycles.
Built in 1987, the asset is newer than much of the surrounding housing stock, providing a relative competitive edge versus older product and leaving room for targeted renovations to lift effective rents. Household growth within a 3-mile radius, coupled with elevated home values, supports a deep and expanding tenant base for well-managed multifamily operations—tempered by normal leasing risk in a large, dynamic Los Angeles metro.
- High-cost ownership market reinforces multifamily demand and pricing power
- 1987 vintage provides competitive positioning with value-add upside via selective updates
- Upper-percentile rents with manageable rent-to-income readings support renewal performance
- Deep employment base nearby (media and corporate offices) underpins steady leasing
- Risks: metro cyclicality and a slight five-year softening in neighborhood occupancy call for active lease management