| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 420 E Magnolia Blvd, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 1998-04-14 |
| Transaction Price | $1,800,000 |
| Buyer | KIMURA PARTNERS |
| Seller | PETERSON GARY B |
420 E Magnolia Blvd Burbank Multifamily Investment
Located in an A+ rated Urban Core neighborhood, the property benefits from a deep renter base and steady occupancy conditions, according to WDSuite’s CRE market data. Neighborhood ownership costs are elevated, which supports durable multifamily demand and lease retention for well-managed assets.
This Burbank location sits in a Top quartile among 1,441 metro neighborhoods, with an A+ neighborhood rating that signals strong fundamentals for multifamily investors. Neighborhood occupancy trends are healthy (neighborhood occupancy referenced here, not the property), with performance above national averages and ranking in the upper third nationally, supporting income stability for quality assets.
Daily-life amenities are a clear strength: restaurants rank in the 99th percentile nationally, cafes in the mid-90s, and pharmacies and parks are also well-represented. Grocery access is strong versus national benchmarks. These amenity concentrations enhance resident convenience and can aid leasing velocity and renewal outcomes.
Tenure dynamics favor multifamily: roughly 79% of neighborhood housing units are renter-occupied (Top 1% nationally), indicating a deep tenant base and consistent demand for professionally managed rentals. Median contract rents benchmark in the high 80s nationally, while neighborhood NOI per unit trends around the 80th percentile, suggesting that well-executed operations can compete effectively versus comparable Los Angeles submarkets.
Within a 3-mile radius, demographics show stable population with an increase in households and modestly smaller household sizes over time, expanding the renter pool. Median and mean household incomes have risen, supporting ability to pay; however, rent-to-income ratios trend high locally, which calls for disciplined lease management and attention to value features residents prioritize. Average public school ratings are mid-range, which is typical for many Urban Core locations across the Los Angeles-Long Beach-Glendale metro.
Home values sit in the mid-90s nationally, indicating a high-cost ownership market. In investor terms, this environment tends to reinforce reliance on rental housing, often supporting pricing power and leasing depth for well-maintained, appropriately positioned units.
Neighborhood safety indicators are comparatively favorable versus national norms, with overall conditions in the low-60s percentiles nationwide. Relative to the Los Angeles-Long Beach-Glendale metro, the area ranks above the metro median (608 out of 1,441 neighborhoods), indicating competitive standing among peer neighborhoods.
Recent trends are mixed: property offenses show improvement with a notable year-over-year decrease, while violent offense measures ticked higher over the same period. For investors, this points to a generally stable environment with typical urban variability; prudent asset management and resident engagement can help maintain on-site safety posture over time.
Proximity to major corporate offices underpins local renter demand by shortening commutes and supporting professional workforce housing. Nearby anchors include Disney, Charter Communications, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Disney — corporate offices (2.2 miles) — HQ
- Charter Communications — telecommunications (2.3 miles)
- Radio Disney — media (2.9 miles)
- Avery Dennison — materials & labeling (3.6 miles) — HQ
- Live Nation Entertainment — entertainment (6.2 miles)
The property is a 20-unit multifamily asset positioned in an A+ rated Urban Core neighborhood with strong renter concentration and amenity density. Neighborhood occupancy is solid and renter-occupied share is among the highest nationally, pointing to a deep tenant base and steady leasing backdrop. Elevated home values in Burbank support sustained reliance on rental housing, while income growth in the 3-mile trade area expands the pool of qualified renters.
Based on CRE market data from WDSuite, neighborhood median rents benchmark high nationally and NOI performance is competitive, reinforcing the case for durable income if operations are executed well. Forward-looking local demographics indicate additional households and smaller average household sizes, which can broaden demand for well-managed, right-sized units. Key risks include high rent-to-income ratios that warrant careful pricing and renewal strategies, and mixed safety trend signals that call for ongoing on-site management focus.
- A+ Urban Core location with top-quartile metro ranking and strong amenity access
- Deep renter base (high renter-occupied share) supports demand and occupancy stability
- High-cost ownership market reinforces reliance on rentals and leasing depth
- Household growth and rising incomes within 3 miles expand the qualified renter pool
- Risk: Elevated rent-to-income ratios and mixed safety trends require disciplined lease and operations management