| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 79th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 311 N Buena Vista St, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1987 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
311 N Buena Vista St Burbank Multifamily Investment
Situated in Burbank a high-cost ownership market this asset benefits from deep renter demand and proximity to major studio employment, according to WDSuite 8s CRE market data. Neighborhood occupancy trends are roughly in line with national levels, supporting stable performance with room for operational improvement.
The property sits within an Urban Core neighborhood in the Los Angeles-Long Beach-Glendale metro that ranks 72 out of 1,441 metro neighborhoods (A rating), placing it among the top quartile locally. Amenity access is a notable strength: parks and open space density sits in the top quartile nationally, and grocery, restaurant, and pharmacy access also score well, reinforcing day-to-day convenience and resident retention (based on CRE market data from WDSuite).
For schools, the neighborhood 8s average rating is 4.0 out of 5, landing in the top quartile nationally, which can support family-oriented renter demand. Neighborhood-level economics are strong, with average NOI per unit ranking in the 92nd percentile nationally a signal of competitive income profiles in the area. Home values are elevated (98th percentile nationally), indicating a high-cost ownership market that tends to sustain multifamily demand and bolster lease retention.
Tenure patterns indicate a meaningful renter base: the share of housing units that are renter-occupied is competitive among Los Angeles-Long Beach-Glendale neighborhoods, supporting a deeper tenant pool and ongoing leasing velocity. Neighborhood occupancy runs roughly around national norms, with some recent softening that warrants active leasing and renewal management.
Demographic statistics are aggregated within a 3-mile radius: households increased over the past five years while average household size edged down, effectively expanding the renter pool even as total population was relatively stable. Forward-looking projections show growth in both households and incomes through 2028, which supports rentability and occupancy stability for well-run assets.
Vintage also matters for competitive positioning. The property 8s 1987 construction is newer than the neighborhood 8s average vintage (1950s era), suggesting relative appeal versus older stock; targeted modernization and system updates can further strengthen positioning against both older and newly delivered comparables.
Safety indicators are comparatively favorable for the region. The neighborhood ranks 259 out of 1,441 metro neighborhoods for crime, which is competitive among Los Angeles-Long Beach-Glendale areas and aligns with a 79th percentile standing nationally (safer than many neighborhoods across the country). Year-over-year trends indicate improvement in violent offense rates, which is a positive signal for long-term livability and leasing stability (per WDSuite 8s CRE market data).
As always, investors should evaluate micro-level conditions and property operations, but at the neighborhood scale the comparative profile suggests a supportive environment for multifamily performance.
The surrounding employment base is anchored by major entertainment and corporate offices, supporting workforce housing demand and convenient commutes for tenants. Notable nearby employers include Disney, Radio Disney, Charter Communications, Avery Dennison, and Live Nation Entertainment.
- Disney entertainment & corporate offices (0.6 miles) HQ
- Radio Disney entertainment offices (0.9 miles)
- Charter Communications telecommunications (2.6 miles)
- Avery Dennison materials manufacturing & corporate (4.3 miles) HQ
- Live Nation Entertainment live entertainment corporate offices (7.3 miles) HQ
311 N Buena Vista St is a 28-unit asset with mid-size floor plans that benefits from strong neighborhood fundamentals, deep renter demand in a high-cost ownership market, and proximity to major studio employers. According to CRE market data from WDSuite, neighborhood occupancy is roughly in line with national levels, while amenity access and school quality rank in the top quartile nationally factors that can support leasing and retention.
Built in 1987, the property is newer than much of the surrounding 1950s-era stock, offering a relative competitive edge with potential to unlock additional value through targeted upgrades and operational execution. Three-mile demographics point to growing household counts and rising incomes over the forecast period, which supports a larger tenant base and sustained demand for well-positioned multifamily.
- Newer 1987 vintage versus older local stock supports competitive positioning with selective modernization upside
- High-cost ownership market reinforces reliance on rentals, aiding pricing power and retention
- Strong amenity and school access (top quartile nationally) supports leasing velocity
- Major nearby employers (studios and corporate offices) underpin demand and reduce commute frictions
- Risks: occupancy trends are near national norms with recent softening; sector concentration in entertainment warrants monitoring