| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 79th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 327 N Buena Vista St, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1987 |
| Units | 26 |
| Transaction Date | 1996-12-23 |
| Transaction Price | $963,500 |
| Buyer | LARSON MARGARET J |
| Seller | FAMILY TRUST ASHFORD ROBERT E CO TR ASHFO |
327 N Buena Vista St, Burbank Multifamily Investment
Located in Burbank a high-demand rental pocket of Los Angeles County this 26-unit asset benefits from a deep renter base and strong neighborhood income metrics, according to CRE market data from WDSuite. Expect durable demand drivers from proximity to major studios and a high-cost ownership market that supports leasing stability.
The property sits in an Urban Core neighborhood rated A, ranking 72 out of 1,441 Los Angeles metro neighborhoods firmly top quartile. Amenity access is a clear strength: amenity rank is 128 of 1,441 (roughly top decile), with neighborhood cafe, grocery, parks, and restaurants all scoring in the upper national percentiles. Average school ratings trend strong as well (top quintile nationally), reinforcing family appeal and potential lease retention.
Within a 3-mile radius, households have risen in recent years while average household size edged lower, indicating more households and a broader tenant base. Renter concentration near two-thirds of housing units supports multifamily demand depth and ongoing leasing velocity. Neighborhood median contract rents and household incomes both trend high versus national norms, and rent-to-income levels indicate manageable affordability pressure that can support retention and steady collections.
Home values in the neighborhood rank near the top nationally, signaling a high-cost ownership market that tends to reinforce renter reliance on multifamily housing and supports pricing power. At the same time, the neighborhood s average NOI per unit ranks in the top decile nationally, suggesting favorable operating fundamentals among nearby multifamily assets, based on CRE market data from WDSuite.
Neighborhood occupancy sits around the national mid-point and has softened versus five years ago, indicating that thoughtful renovations, targeted amenities, and asset-specific leasing strategies may be important to outperform submarket averages. The property s 1987 vintage is newer than the neighborhood s older housing stock (1950s average), which can offer competitive positioning versus legacy assets, while still warranting periodic system updates or light value-add to meet modern renter expectations.
Safety indicators compare favorably in context. The neighborhood s crime rank is 259 out of 1,441 Los Angeles metro neighborhoods, placing it in the top quartile locally, and national comparisons place the area in higher safety percentiles versus neighborhoods nationwide. Recent data also shows meaningful year-over-year improvements in violent offense rates, aligning with broader stability trends noted in the area.
As always, investors should assess block-level variations through on-site diligence and review of current reports; the figures here reflect neighborhood-level patterns rather than property-specific conditions.
Proximity to major employers supports a steady renter pipeline and short commutes, particularly from entertainment, media, and corporate services anchors including Disney, Radio Disney, Charter Communications, Avery Dennison, and Live Nation Entertainment.
- Disney entertainment HQ (0.6 miles) HQ
- Radio Disney entertainment offices (0.96 miles)
- Charter Communications telecommunications (2.57 miles)
- Avery Dennison materials & packaging (4.31 miles) HQ
- Live Nation Entertainment entertainment HQ (7.28 miles) HQ
327 N Buena Vista St combines newer-than-area vintage (1987) with strong neighborhood fundamentals: top-quartile local ranking, high national amenity and school percentiles, and a high-cost ownership backdrop that sustains rental demand. Within a 3-mile radius, the outlook points to growth in households and income, expanding the tenant base and supporting occupancy stability and rent performance. According to CRE market data from WDSuite, neighborhood NOI-per-unit and income metrics compare favorably to national peers, while proximity to major studios and corporate employers underpins leasing.
Risks are manageable but present: neighborhood occupancy trends have eased from prior highs, calling for focused asset management and potential value-add to stand out; elevated rents relative to national levels require attentive lease management to preserve retention. The 1987 construction can provide a competitive edge versus older stock, while allowing targeted modernization to capture premium demand.
- Top-quartile neighborhood in Los Angeles metro with strong amenities and schools
- High-cost ownership market supports renter demand and pricing power
- 1987 vintage offers competitive positioning versus older local stock with selective upgrade potential
- Deep renter base and nearby studio/corporate employers support leasing velocity
- Watchlist: occupancy has softened vs. five years ago; execution and value-add strategy may be needed