| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 59th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 360 N Hollywood Way, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1990 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
360 N Hollywood Way, Burbank CA Multifamily Investment
Positioned in an inner-suburban Burbank pocket with strong renter demand drivers and a high-cost ownership landscape, this 37-unit asset offers durable leasing appeal according to WDSuite s CRE market data. Neighborhood occupancy trends and incomes suggest stable day-to-day operations with room for targeted value-add to enhance competitiveness.
The property sits in an Inner Suburb neighborhood of the Los Angeles-Long Beach-Glendale metro with a B+ neighborhood rating. Local housing stock skews older than the subject the neighborhood s average construction year is 1968 so a 1990 vintage positions this asset newer than much of the nearby inventory, supporting competitive appeal while still warranting selective system updates and common-area refreshes as part of capital planning.
Renter concentration varies by geography: at the neighborhood level, 44.9% of housing units are renter-occupied, indicating a balanced tenant base; within a 3-mile radius, renters account for an estimated 65.7% of units, signaling deeper multifamily demand and a broader leasing pool for larger assets. These tenure patterns generally support occupancy stability and marketing efficiency for professionally managed communities.
Amenities are mixed but functional for daily needs. Pharmacies index in the 99th percentile nationally and restaurants in the 97th percentile, adding convenience for residents, while cafes and park access are comparatively limited in this immediate pocket. Median rent-to-income conditions rank low nationally, implying manageable affordability pressure a factor that can aid lease retention and reduce turnover friction, particularly as operators calibrate renewal strategies.
Home values and the value-to-income ratio rank near the 99th percentile nationally, reflecting a high-cost ownership market in this part of Burbank. For multifamily investors, elevated ownership costs tend to reinforce renter reliance on apartments and support pricing power over time, provided assets are well-maintained and aligned with local expectations for finishes and services.
Neighborhood safety benchmarks are competitive among 1,441 Los Angeles-Long Beach-Glendale neighborhoods (crime rank around the upper third), and national comparisons indicate stronger-than-average conditions overall. Violent offense metrics trend in the higher national percentiles, suggesting comparatively favorable outcomes versus many U.S. neighborhoods.
Property offense indicators also sit in higher national percentiles, but year-over-year changes have shown some volatility locally. Investors should underwrite with standard operational safeguards lighting, access controls, and coordination with local patrols and monitor trends over time rather than relying on a single-year snapshot.
Proximity to major media and corporate employers underpins workforce housing demand and short commute options, with Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison all within a roughly five-mile radius.
- Radio Disney corporate offices (0.29 miles)
- Disney corporate offices (0.93 miles) HQ
- Charter Communications corporate offices (2.93 miles)
- Live Nation Entertainment corporate offices (3.85 miles)
- Avery Dennison corporate offices (4.86 miles) HQ
Built in 1990 with 37 units, the asset is newer than much of the surrounding housing stock, offering a relative edge versus older properties while leaving room for targeted upgrades to drive rent premiums and resident retention. The immediate neighborhood reflects a high-cost ownership market (near the 99th national percentile for home values and value-to-income), which typically sustains renter demand and supports pricing power when operations are executed consistently.
Within a 3-mile radius, a large renter base and rising incomes point to a durable tenant pool; WDSuite s commercial real estate analysis also shows neighborhood occupancy trends that are below metro leaders, so conservative lease-up and renewal assumptions remain prudent. Forward-looking household growth in the area suggests expansion of the renter pool over the next several years, with performance hinging on property condition, service quality, and alignment with local expectations.
- 1990 vintage out-positions older neighborhood stock while allowing value-add upgrades to capture rent premiums.
- High-cost ownership market supports sustained renter reliance and potential pricing power.
- Broad 3-mile renter base and rising incomes underpin leasing depth and retention.
- Risk: neighborhood occupancy trails top metro submarkets; underwrite conservative lease-up and renewals.
- Risk: property offense trends have shown volatility; maintain standard security and monitoring practices.