| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 79th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 N Hollywood Way, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1990 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 N Hollywood Way Burbank Multifamily Investment
This 37-unit property built in 1990 operates in a neighborhood ranking top quartile nationally for net operating income per unit at $13,836 according to CRE market data from WDSuite.
The Burbank neighborhood ranks 72nd among 1,441 metro neighborhoods with an A rating, placing it in the top quartile for overall investment fundamentals. With 65.7% of housing units renter-occupied within a 3-mile radius, the area maintains strong rental demand supported by elevated home values at a median of $1.17 million, which limits ownership accessibility and sustains reliance on multifamily housing.
Neighborhood-level occupancy of 91.2% reflects market stability, while contract rents at $2,100 median demonstrate pricing power in the 93rd national percentile. The area benefits from dense amenity access including 3.19 grocery stores per square mile and above-average restaurant density, supporting tenant retention. Educational quality averages 4.0 out of 5 stars, ranking in the 84th national percentile.
Demographics within the 3-mile radius show household income growth of 31.6% over five years to a current median of $93,508, with projections indicating continued expansion to $128,423 by 2028. Population forecasts suggest 8.1% growth through 2028, translating to a larger renter pool and increased multifamily demand. The property's 1990 construction year aligns with neighborhood norms, offering potential value-add opportunities while avoiding immediate major capital expenditures.
The neighborhood demonstrates strong safety metrics compared to regional and national benchmarks. Property crime rates rank 27th among 1,441 metro neighborhoods, placing the area in the 88th national percentile for low property crime incidents. Violent crime performance is even stronger, ranking 21st metro-wide and reaching the 88th national percentile.
Recent trends show improving conditions, with violent crime declining 87.3% year-over-year, ranking in the 98th national percentile for crime reduction. These safety fundamentals support tenant retention and lease-up velocity, contributing to neighborhood stability that benefits multifamily operations.
The property benefits from proximity to major entertainment and media employers, providing workforce housing for a stable employment base that supports consistent rental demand.
- Radio Disney — media operations (0.4 miles)
- Disney — entertainment & media (1.0 miles) — HQ
- Charter Communications — telecommunications (2.9 miles)
- Live Nation Entertainment — entertainment services (3.9 miles)
- Avery Dennison — manufacturing & materials (4.9 miles) — HQ
This 37-unit property capitalizes on Burbank's top-quartile fundamentals, with neighborhood-level net operating income averaging $13,836 per unit and occupancy maintaining 91.2% stability. The 1990 construction year presents value-add potential while avoiding immediate major capital requirements. Elevated home values at $1.17 million median reinforce rental demand by limiting ownership accessibility, while projected household growth of 37.1% through 2028 expands the tenant base.
Proximity to Disney headquarters and other entertainment employers provides workforce housing demand, supported by strong safety metrics ranking in the 88th national percentile. According to multifamily property research from WDSuite, the neighborhood's A rating reflects consistent performance across housing, demographics, and amenity factors that drive long-term rental stability.
- Top quartile NOI performance at $13,836 per unit average
- Strong occupancy fundamentals at 91.2% neighborhood level
- Proximity to Disney and entertainment employment base
- Value-add potential with 1990 vintage requiring selective improvements
- Risk consideration: COVID resilience ranks 17th percentile nationally