| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 70th | Good |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 370 W Alameda Ave, Burbank, CA, 91506, US |
| Region / Metro | Burbank |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
370 W Alameda Ave Burbank Multifamily Near Major Studios
Renter demand is reinforced by a high-cost ownership landscape and a sizable renter-occupied housing base in the neighborhood, according to WDSuite’s CRE market data. Expect steady leasing fundamentals driven by proximity to studio employers and schools, with pricing power supported by elevated for-sale values.
The property sits in Burbank’s Urban Core and is rated B+, competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 387 out of 1,441 metro neighborhoods). Local living dynamics skew renter-friendly: the neighborhood shows a high share of renter-occupied housing units (64.5%), indicating a deep tenant base and supporting multifamily demand.
Daily needs are well-covered: grocery density trends above the national norm (79th percentile), parks access is strong (92nd percentile), and public school ratings average around 4.0 out of 5 (84th percentile nationally). Restaurant options trend favorable (80th percentile), though the immediate neighborhood has limited cafes and pharmacies; investors can underwrite convenience using nearby grocery and park access as mitigants.
For-sale home values rank in the 97th percentile nationally with a value-to-income ratio in the 99th percentile, signaling a high-cost ownership market that tends to sustain reliance on rental housing. Neighborhood rent-to-income sits at 0.27 (low relative to most areas nationally), which can ease affordability pressure and help retention and collections strategy.
The asset’s 1986 vintage is newer than the neighborhood’s average construction year of 1967, offering competitive positioning against older stock while warranting prudent planning for system upgrades or selective renovations over the hold. Occupancy in the neighborhood has hovered near the national middle and has edged down over five years; investors should plan for disciplined leasing and asset management rather than outsized lease-up assumptions.
Within a 3-mile radius, demographics are stable with households trending upward and average household size gradually declining. This points to a modest expansion of the renter pool and supports occupancy stability for well-managed assets, based on CRE market data from WDSuite.
Comparable safety metrics for this neighborhood are not available in WDSuite’s dataset at this time. Investors typically benchmark property-level risk using city and metro trends, onsite management practices, and historical operations rather than block-level assertions.
Proximity to major media and corporate offices supports a durable renter base and commute convenience, notably Disney, Radio Disney, Avery Dennison, Charter Communications, and Live Nation Entertainment.
- Disney — entertainment & studios (1.0 miles) — HQ
- Radio Disney — entertainment (2.0 miles)
- Avery Dennison — materials & manufacturing (3.1 miles) — HQ
- Charter Communications — telecommunications (3.1 miles)
- Live Nation Entertainment — live entertainment offices (4.8 miles)
370 W Alameda Ave is a 21-unit, 1986-vintage asset positioned in a renter-heavy Burbank neighborhood where high ownership costs help sustain multifamily demand. Household growth within a 3-mile radius and access to blue-chip studio and corporate employers support a stable tenant base and steady leasing. According to CRE market data from WDSuite, neighborhood occupancy trends are near the national middle with a recent drift lower, suggesting disciplined operations and thoughtful renewal strategy are the right levers for performance.
The property’s vintage is newer than the neighborhood average, offering competitive positioning versus older stock while leaving room for targeted value-add through modernization of interiors and building systems. Elevated for-sale values and favorable rent-to-income dynamics can support pricing power without overreaching retention risk, particularly for well-amenitized, well-managed units.
- Renter-heavy neighborhood and high-cost ownership market reinforce depth of tenant demand
- 1986 construction offers competitive edge versus older stock with selective value-add upside
- Access to major employers (Disney, Charter, Avery Dennison) supports leasing stability and retention
- Favorable rent-to-income dynamics enable measured pricing power and revenue management
- Risk: Neighborhood occupancy has eased; underwriting should assume steady-state operations and proactive renewals