| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 85th | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 333 N Screenland Dr, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1988 |
| Units | 113 |
| Transaction Date | 1997-03-14 |
| Transaction Price | $2,462,500 |
| Buyer | MNT PROPERTIES LLC |
| Seller | HANES HOWARD JR AND SHARON S TRS |
333 N Screenland Dr Burbank Multifamily Investment
This 113-unit property built in 1988 positions investors in a top-quartile Los Angeles metro neighborhood with strong rental demand fundamentals. According to WDSuite's CRE market data, the 65% renter-occupied market supports sustained occupancy levels in this established urban core location.
Located in Burbank's urban core, this neighborhood ranks among the top quartile of Los Angeles metro's 1,441 neighborhoods for overall investment fundamentals. The area maintains a 65% rental occupancy share, significantly above metro norms, supporting consistent tenant demand. Neighborhood-level occupancy currently runs at 85.5%, though this reflects broader market adjustments over recent years.
The property's 1988 construction year aligns closely with the neighborhood average of 1971, positioning the asset for targeted renovations while avoiding major obsolescence concerns. Demographics within a 3-mile radius show household growth of 2.4% over five years, with projected expansion to 95,000 households by 2028 — a 37% increase that supports renter pool expansion and occupancy stability.
Median household income within the 3-mile radius reaches $94,608, with strong upward trajectory reflected in 30.6% growth over five years. The area's high home values — with a median of $1.4 million representing the 99th percentile nationally — create affordability barriers that can keep households in the rental market longer. Contract rents in the immediate neighborhood average $2,420, reflecting the 96th percentile nationally and indicating strong pricing power potential.
Amenity density supports tenant retention, with the neighborhood ranking in the 74th percentile nationally for overall amenities. Restaurant concentration reaches nearly 30 per square mile (98th percentile nationally), while childcare and pharmacy access also exceed metro averages. The area's school ratings average 4.0 out of 5, ranking in the 84th percentile nationally and appealing to family renters.
Safety metrics position this neighborhood favorably within the Los Angeles metro area, ranking 19th out of 1,441 neighborhoods for overall crime rates — placing it in the top quartile for safety. This translates to the 90th percentile nationally, indicating substantially lower crime levels compared to neighborhoods nationwide.
Property crime rates show particularly strong performance, with recent trends indicating a 75% year-over-year improvement in property offense rates. Violent crime remains minimal, with rates ranking in the 88th percentile nationally and showing a 96% improvement over the past year. These safety fundamentals support tenant retention and can reduce insurance costs and security expenses for property operators.
The property benefits from proximity to major entertainment and media employers that anchor the regional workforce, providing stable rental demand from entertainment industry professionals and corporate employees.
- Radio Disney — media & entertainment (0.3 miles)
- Disney — entertainment & media (1.0 miles) — HQ
- Charter Communications — telecommunications (3.0 miles)
- Live Nation Entertainment — entertainment services (3.8 miles)
- Avery Dennison — manufacturing & materials (5.0 miles) — HQ
This Burbank property offers exposure to a top-quartile Los Angeles neighborhood with strong rental market fundamentals and demographic tailwinds. The 65% renter-occupied market share significantly exceeds metro norms, while projected household growth of 37% through 2028 supports expanding tenant demand. According to CRE market data from WDSuite, the combination of high home values creating rental market retention and proximity to major entertainment employers provides occupancy stability.
The 1988 vintage positions the asset for value-add renovations without major structural concerns, while neighborhood amenity density in the 74th percentile nationally supports tenant satisfaction and renewal rates. However, investors should monitor the recent occupancy decline and evaluate renovation capital requirements against projected rental growth potential.
- Top-quartile neighborhood ranking among 1,441 Los Angeles metro areas
- 65% rental occupancy share exceeds metro averages
- Projected 37% household growth through 2028 expands renter pool
- High median home values ($1.4M) support rental market retention
- Risk: Recent neighborhood occupancy decline requires monitoring