| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 85th | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 330 N Screenland Dr, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1988 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
330 N Screenland Drive Burbank Multifamily Investment
Neighborhood-level occupancy of 85.5% reflects consistent rental demand in this top-quartile Los Angeles submarket, supported by strong employment fundamentals according to WDSuite's CRE market data.
This 96-unit property sits within an A-rated neighborhood that ranks 119th among 1,441 Los Angeles metro neighborhoods, placing it in the top quartile for overall investment fundamentals. The area demonstrates strong renter demographics, with 62% rental occupancy and a median household income of $97,762 within a 3-mile radius. Educational quality supports tenant retention, with local schools averaging a 4.0 rating and 34.1% of residents holding bachelor's degrees.
Built in 1988, the property represents newer construction compared to the neighborhood average of 1971, positioning it competitively for reduced near-term capital expenditures. The surrounding area shows robust amenity density with 29.2 restaurants per square mile and strong access to essential services including childcare and grocery options, supporting tenant appeal and retention rates.
Demographic projections within the 3-mile radius indicate household growth of 37.3% through 2028, expanding the potential tenant base from approximately 68,900 to 94,500 households. Median rent projections of $2,633 suggest continued rental demand, though current neighborhood-level occupancy of 85.5% requires monitoring for absorption trends and competitive positioning strategies.
The neighborhood demonstrates strong safety metrics, ranking 19th among 1,441 Los Angeles metro neighborhoods for overall crime performance, placing it in the 90th percentile nationally. Violent crime rates remain notably low at 2.9 incidents per 100,000 residents, with property crime showing significant improvement with a 75% decrease over the past year.
These safety trends support tenant retention and lease-up velocity, as the area consistently outperforms metro averages across key security metrics. The combination of low crime rates and improving trends provides a stable operating environment for multifamily assets.
The property benefits from proximity to major entertainment and media employers that anchor the local economy and support consistent workforce housing demand.
- Radio Disney — media & entertainment (0.2 miles)
- Disney — media & entertainment (1.0 miles) — HQ
- Charter Communications — telecommunications (3.0 miles)
- Live Nation Entertainment — entertainment services (3.8 miles)
- Avery Dennison — manufacturing & materials (4.9 miles) — HQ
This 96-unit Burbank asset combines stable fundamentals with value-add positioning in a top-quartile Los Angeles neighborhood. The 1988 construction year provides competitive advantages over older area stock while avoiding obsolescence risks. Strong employment anchors led by Disney headquarters support consistent rental demand, while household growth projections of 37.3% through 2028 indicate expanding tenant pools.
Safety metrics ranking in the 90th percentile nationally enhance tenant retention prospects, complemented by strong educational quality and amenity density. Current neighborhood-level occupancy of 85.5% presents opportunities for strategic positioning, according to multifamily property research from WDSuite.
- Top-quartile neighborhood fundamentals with A-rating among 1,441 metro areas
- Major entertainment employer proximity supports workforce housing demand
- 37% projected household growth through 2028 expands potential tenant base
- 1988 vintage provides competitive positioning versus older neighborhood stock
- Current 85.5% neighborhood occupancy requires active leasing and retention strategies