| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 79th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 421 N Kenneth Rd, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1985 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
421 N Kenneth Rd Burbank Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above‑median occupancy, according to WDSuite’s CRE market data for the surrounding area. The takeaway for investors is income durability supported by high household incomes and a deep renter pool at the neighborhood level, not the property.
Located in Burbank’s Urban Core, the neighborhood carries a C+ rating and sits below the metro median among 1,441 Los Angeles neighborhoods, but it benefits from resilient renter demand and income strength. Neighborhood occupancy is above the national median, supporting cash flow stability through cycles, while average NOI per unit ranks among the stronger performers nationally, indicating revenue potential relative to operating costs.
Schools in the area average about 4.0 out of 5 and are in the top quartile nationally, which can bolster long‑term leasing appeal for family households. Amenities are thinner within the immediate blocks, so residents typically draw from nearby Burbank corridors for daily needs; for investors, this places more weight on unit quality and parking in driving retention rather than walk‑to retail.
Tenure patterns show roughly 46% of housing units are renter‑occupied, signaling a substantial tenant base without overwhelming concentration. Elevated home values in the neighborhood and wider Burbank market create a high‑cost ownership environment, which tends to sustain reliance on multifamily housing and supports pricing power when managed alongside renewal retention.
Within a 3‑mile radius (demographics aggregated at that scale), recent years show flat population with a modest increase in households and a smaller average household size—dynamics that typically expand the renter pool. Forward projections indicate additional household growth over the next five years, reinforcing demand for well‑located units and supporting occupancy stability.
Neighborhood‑level crime metrics are not available in this WDSuite release for precise comparison. Investors typically review multi‑year city and metro trends alongside on‑site diligence and local management insights to contextualize security measures, insurance planning, and potential operating impacts.
Proximity to major entertainment and corporate employers underpins workforce housing demand and supports retention through commute convenience. Nearby anchors include Charter Communications, Disney, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Charter Communications — telecommunications (2.34 miles)
- Disney — media & entertainment (2.57 miles) — HQ
- Radio Disney — media (3.31 miles)
- Avery Dennison — materials & labeling (3.61 miles) — HQ
- Live Nation Entertainment — live entertainment (6.52 miles)
This 28‑unit Burbank asset is positioned to capture durable renter demand supported by high neighborhood incomes and an elevated cost of ownership, which tends to keep households in the rental market. Neighborhood occupancy trends sit above the national median, and top‑quartile school ratings bolster family‑driven leasing. According to commercial real estate analysis from WDSuite, NOI performance in the neighborhood ranks strong nationally, indicating potential for stable cash flows with disciplined expense management.
Within a 3‑mile radius, households have increased as average household size edges down, effectively expanding the renter pool. Forward projections point to additional household growth and rising incomes, supporting rent levels while careful lease management can balance affordability pressure with retention.
- Above‑median neighborhood occupancy supports cash flow stability
- High‑cost ownership market reinforces depth of renter demand
- Strong neighborhood NOI performance nationally, per WDSuite data
- 3‑mile household growth and smaller household sizes expand the tenant base
- Risk: thinner immediate amenities and recent occupancy softening require active leasing and retention focus