| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 311 E Cedar Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | 2010-07-16 |
| Transaction Price | $2,193,021 |
| Buyer | GGF III LLC |
| Seller | CEDAR APARTMENTS LP |
311 E Cedar Ave Burbank Multifamily Investment
Positioned in Burbank’s urban core, the asset benefits from a deep renter base and resilient location fundamentals, according to WDSuite’s CRE market data. Steady neighborhood occupancy and a high-cost ownership landscape support durable renter demand for professionally managed units based on careful commercial real estate analysis.
Burbank’s urban core scores well for daily convenience: neighborhood amenities such as groceries, pharmacies, and dining are strong by national comparison (many measures sit in the top decile nationally), supporting tenant satisfaction and retention. The area’s overall neighborhood rating is competitive, placing in the top quartile among 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods, per WDSuite.
The property’s 1989 construction is newer than the neighborhood’s average vintage from the mid‑1970s. That relative youth can enhance leasing competitiveness versus older buildings while still leaving room for targeted modernization of systems and finishes to drive rent premiums and control near-term capital planning.
Multifamily fundamentals are solid: neighborhood occupancy trends sit above many peer areas nationally, and the locality shows a high renter concentration, indicating a larger pool of renter-occupied units that can support depth of tenant demand. Median contract rents in the neighborhood are elevated in national terms, reflecting the area’s position within greater Los Angeles; operators should pair revenue strategies with thoughtful lease management to maintain stability.
Within a 3‑mile radius, demographics show a stable population with a recent increase in households and projections calling for additional household growth by 2028. This pattern implies smaller average household sizes and a larger tenant base, which typically supports occupancy stability and leasing velocity for well‑maintained assets.
Ownership costs are high relative to incomes in this part of Los Angeles County (home values rank in the upper percentiles nationally). In practice, this high‑cost ownership market tends to reinforce reliance on multifamily rentals and can support pricing power, provided operators monitor rent‑to‑income levels to mitigate retention risk.
WDSuite’s dataset does not include sufficient neighborhood‑level crime metrics for this specific area, so comparative safety trends versus the broader Los Angeles metro are not displayed here. Investors commonly supplement with city and police department resources to benchmark directionally and assess property‑level measures such as lighting, access control, and visibility to support resident comfort and retention.
The nearby employment base spans entertainment, telecommunications, and packaging, providing a broad white‑collar renter pool and commute convenience for residents. Highlighted employers below reflect major nodes accessible from the property.
- Disney — entertainment (2.0 miles) — HQ
- Charter Communications — telecommunications (2.9 miles)
- Radio Disney — media (2.9 miles)
- Avery Dennison — packaging & materials (3.0 miles) — HQ
- Live Nation Entertainment — live entertainment (5.8 miles)
311 E Cedar Ave combines a central Burbank location with strong neighborhood convenience and a deep renter base. According to CRE market data from WDSuite, the surrounding neighborhood sits in the top quartile of the Los Angeles metro, with nationally strong amenity access and above‑median occupancy that can support steady leasing. Home values are elevated by national standards, which typically sustains rental demand and gives well‑managed assets room to maintain pricing.
Built in 1989, the property is newer than much of the area’s 1970s-era stock, offering competitive positioning today and a clear path for targeted value‑add through modernization. Within a 3‑mile radius, households have been trending upward and are projected to grow further, pointing to renter pool expansion that supports long‑term occupancy. Operators should balance revenue initiatives with attention to affordability pressure to protect retention.
- Central Burbank location with top‑quartile neighborhood standing in the Los Angeles metro supports leasing stability.
- 1989 vintage is newer than nearby stock, with value‑add upside from selective system and interior upgrades.
- High‑cost ownership market reinforces reliance on rentals, aiding pricing power for professionally managed assets.
- 3‑mile household growth and projected renter pool expansion support long‑term demand fundamentals.
- Risk: affordability pressure in parts of the neighborhood requires careful lease management to protect retention.