| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 475 E Orange Grove Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1990 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
475 E Orange Grove Ave Burbank Multifamily Investment
Positioned in Burbank’s urban core, the property benefits from a deep renter base and amenity density that support stable leasing, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit above national medians, reinforcing demand resilience in a high-cost ownership market.
Burbank’s Urban Core ranks within the top quartile among 1,441 metro neighborhoods, with strong amenity access and a renter-driven housing stock that supports multifamily absorption. Restaurant and cafe density is high compared with national peers, and parks, pharmacies, and grocery access place the area well above national medians—factors that typically aid retention and day-to-day convenience for tenants.
Neighborhood occupancy is above the national median, and average NOI per unit ranks well nationally, suggesting competitive operating fundamentals versus many U.S. submarkets. The neighborhood’s renter-occupied share is among the highest nationally (99th percentile), indicating depth in the tenant pool and consistent leasing demand for appropriately positioned units.
Within a 3-mile radius, demographics show a relatively stable population base with households trending upward and projected to expand further, creating a larger tenant base over the next several years. Median incomes have grown, and forecast rent levels continue to advance, which together point to sustained demand—though lease management should account for affordability pressure as rents outpace some household budgets.
The asset’s 1990 vintage is slightly newer than the neighborhood’s average construction year, supporting competitive positioning versus older stock. Investors should still plan for targeted modernization and systems upgrades to meet current renter expectations and maximize value-add potential.
Safety indicators compare favorably to national medians overall. Neighborhood crime performance is above the metro median among 1,441 Los Angeles–area neighborhoods, and national percentile readings point to relatively better conditions than many U.S. neighborhoods.
Property-related offenses track in a strong national percentile with a notable year-over-year improvement, which is supportive for leasing and renewal discussions. Violent-offense readings are modestly above national medians but have shown recent volatility; prudent operators may factor this into security protocols and resident communications without overstating risk at the block level.
Proximity to major entertainment and corporate offices underpins renter demand and commute convenience, particularly for media and professional services talent. Nearby anchors include Disney, Charter Communications, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Disney — entertainment & media (2.2 miles) — HQ
- Charter Communications — telecommunications (2.4 miles)
- Radio Disney — media (3.0 miles)
- Avery Dennison — materials & manufacturing (3.5 miles) — HQ
- Live Nation Entertainment — entertainment (6.2 miles)
This 20-unit 1990-vintage asset in Burbank’s Urban Core is supported by a deep renter base, amenity-rich surroundings, and neighborhood occupancy performance above national medians. Elevated home values in the area reinforce reliance on multifamily housing, aiding leasing velocity and renewal prospects, while proximity to major employment anchors supports weekday occupancy and rent durability.
According to CRE market data from WDSuite, the neighborhood’s renter concentration ranks among the strongest nationally, while per-unit income metrics and amenity access bolster competitive positioning versus many U.S. locations. The vintage is slightly newer than the neighborhood average, offering a platform for targeted upgrades to capture value-add upside; operators should also manage affordability pressure and monitor safety trends to sustain retention.
- Renter-heavy neighborhood supports a deep tenant base and stable occupancy
- Amenity-dense location near major employers enhances leasing and retention
- 1990 vintage offers value-add potential through modernizations and system upgrades
- Elevated ownership costs reinforce multifamily demand and pricing power
- Risks: affordability pressure and safety volatility require attentive lease and asset management