| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 59th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 426 S Niagara St, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
426 S Niagara St Burbank Multifamily Investment
This 36-unit property built in 1989 benefits from Burbank's established rental market, where neighborhood-level occupancy remains competitive among Los Angeles metro neighborhoods according to WDSuite's CRE market data.
The Burbank neighborhood ranks 520th among 1,441 Los Angeles metro neighborhoods, positioning it above metro median for overall investment fundamentals. With 44.9% of housing units renter-occupied, the area demonstrates strong rental demand depth that supports multifamily tenant retention. Demographic data aggregated within a 3-mile radius shows household income growth of 26.4% over five years, while projected household expansion of 30.9% through 2028 indicates an expanding renter pool entering the market.
Home values averaging $1.58 million place this neighborhood in the top quartile nationally, creating elevated ownership costs that sustain rental demand and limit accessibility to homeownership. The rent-to-income ratio of 0.24 suggests manageable affordability for area renters, supporting lease retention dynamics. Construction year averaging 1968 indicates the property's 1989 vintage aligns with neighborhood norms, reducing concerns about relative obsolescence while offering potential value-add opportunities through strategic renovations.
Neighborhood amenity access includes 1.52 grocery stores per square mile and robust restaurant density of 21.3 establishments per square mile, ranking in the 97th percentile nationally for dining options. However, limited park and cafe access may impact tenant appeal for certain demographics. The area's inner suburb classification provides proximity to employment centers while maintaining residential character that appeals to long-term renters.
The neighborhood demonstrates competitive safety metrics among Los Angeles metro areas, ranking 541st of 1,441 neighborhoods and placing in the 67th percentile nationally for overall crime performance. Violent crime rates of 3.84 per 100,000 residents rank in the 86th percentile nationally, indicating relatively low violent crime compared to peer neighborhoods nationwide.
Property crime trends show mixed signals for investors to monitor. While current property offense rates rank favorably at 52nd of 1,441 metro neighborhoods, recent year-over-year increases of 139.8% warrant attention for lease management considerations. However, violent crime has declined 62.6% year-over-year, suggesting improving overall security conditions that may support tenant retention and leasing velocity.
The property benefits from proximity to major entertainment and media employers that anchor Burbank's employment base, providing workforce housing for creative industry professionals and supporting consistent rental demand.
- Disney — entertainment & media (0.5 miles) — HQ
- Radio Disney — broadcasting (0.6 miles)
- Charter Communications — telecommunications (3.4 miles)
- Live Nation Entertainment — entertainment services (3.6 miles)
- Avery Dennison — manufacturing & materials (4.3 miles) — HQ
This 36-unit Burbank property offers exposure to Los Angeles' established rental market with demographic fundamentals supporting long-term tenant demand. The neighborhood's 44.9% renter-occupied housing concentration provides depth for multifamily leasing, while projected household growth of 30.9% through 2028 indicates expanding rental demand. Proximity to Disney headquarters and other entertainment industry employers creates workforce housing appeal for creative professionals seeking convenient commutes.
Built in 1989, the property's vintage aligns with neighborhood construction patterns while offering value-add potential through strategic capital improvements. High home values exceeding $1.5 million sustain rental demand by limiting homeownership accessibility, according to multifamily property research from WDSuite. However, investors should monitor recent property crime increases and below-metro occupancy trends that may affect lease management and renewal strategies.
- Strong renter concentration of 44.9% provides stable tenant base for multifamily demand
- Projected 30.9% household growth through 2028 supports expanding rental market
- Disney headquarters proximity creates workforce housing appeal for entertainment industry
- High home values sustain rental demand by limiting ownership accessibility
- Risk: Recent property crime increases and below-metro occupancy require active management