| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 501 E Santa Anita Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1987 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
501 E Santa Anita Ave Burbank Multifamily Investment
This 48-unit property benefits from Burbank's 94% neighborhood occupancy rate and strong renter demand, with 79% of housing units occupied by tenants according to CRE market data from WDSuite.
Located in an A+ rated Urban Core neighborhood ranking 56th among 1,441 metro neighborhoods, this Burbank location demonstrates strong fundamentals for multifamily investors. The neighborhood maintains a 94% occupancy rate with 79% of housing units renter-occupied, indicating robust rental demand. Contract rents average $1,803 with 23% growth over five years, while the area ranks in the 88th percentile nationally for housing metrics.
Demographics within a 3-mile radius show a stable renter pool of 122,274 residents with median household income of $93,975. The area features high amenity density, ranking in the 95th percentile nationally with 56 restaurants per square mile and strong access to childcare, groceries, and pharmacies. Schools average 3.0 out of 5 stars, positioning the neighborhood competitively for family renters.
The 1987 construction year aligns with neighborhood averages, suggesting consistent building stock that may present value-add renovation opportunities. With median home values at $840,410 and strong rent-to-income dynamics, elevated ownership costs help sustain rental demand and support tenant retention in this established urban market.
Crime metrics show the neighborhood ranking 608th among 1,441 metro neighborhoods, placing it above the regional median for safety. Property crime rates have declined 30% year-over-year, while violent crime rates remain moderate at 20.2 incidents per 100,000 residents, ranking in the 58th percentile nationally.
The improving property crime trend supports tenant retention considerations, though investors should monitor the 34% increase in violent incidents when evaluating long-term stability and insurance implications.
The property benefits from proximity to major entertainment and corporate employers that support workforce housing demand in the greater Los Angeles market.
- Disney — entertainment & media (2.2 miles) — HQ
- Charter Communications — telecommunications (2.8 miles)
- Radio Disney — media & broadcasting (3.0 miles)
- Avery Dennison — manufacturing & materials (3.1 miles) — HQ
- Live Nation Entertainment — entertainment services (6.0 miles)
This 48-unit Burbank property presents solid fundamentals in a high-demand rental market. The neighborhood's 94% occupancy rate and 79% renter tenure indicate stable demand, while proximity to Disney headquarters and other major employers supports workforce housing appeal. The 1987 vintage may offer value-add renovation opportunities to capture additional rent growth in a market where contract rents have increased 23% over five years.
Demographic projections show household growth and rising incomes within the 3-mile radius, expanding the potential tenant base. However, investors should consider the rent-to-income ratio pressures and monitor concession strategies as affordability constraints may impact renewal rates in this urban core location.
- Strong neighborhood occupancy at 94% with dominant renter tenure
- Proximity to Disney and entertainment industry employers
- Value-add renovation potential with 1987 construction
- Growing household base and income trends support demand
- Risk: Rent-to-income pressures may require active lease management