| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 507 E Cedar Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
507 E Cedar Ave Burbank Multifamily Opportunity
Renter demand is supported by an amenity-rich Urban Core location with strong neighborhood occupancy and a high renter-occupied share, according to WDSuite’s CRE market data. This positions the asset for stable leasing relative to nearby options without relying on aggressive assumptions.
Located in Burbank’s Urban Core, the neighborhood rates competitive among Los Angeles-Long Beach-Glendale neighborhoods (rank 161 of 1,441; grade A), indicating durable fundamentals for multifamily investors. Amenities are a clear strength: grocery and café density both sit in the top tier nationally (near the 100th percentile), which supports daily convenience and resident retention. Pharmacies and parks also index high (both above the 90th percentile nationally), reinforcing livability that underpins steady leasing.
The property’s 1989 construction is newer than the neighborhood’s average vintage (1976). For investors, that tends to enhance relative competitiveness versus older stock, while still planning for system modernization and selective upgrades to capture value-add upside.
Tenure patterns point to a deep renter base. The neighborhood shows a very high share of renter-occupied housing units (near the top percentile nationally), which typically supports demand depth and occupancy stability for multifamily assets. Neighborhood occupancy is solid (above the national median), suggesting fewer prolonged vacancies and more predictable cash flow through cycles.
Within a 3-mile radius, households have grown even as average household size edges lower, and forecasts call for a meaningful increase in household count over the next five years. This dynamic expands the potential tenant base and supports leasing velocity. Elevated home values (around the 96th percentile nationally) indicate a high-cost ownership market that sustains reliance on rental housing; investors should also monitor rent-to-income levels (high by national standards) as part of lease management and renewal strategy.
Rents in the neighborhood price above most U.S. areas (around the low 90s national percentile), while housing metrics overall rank above the metro median. Average school ratings are around the national middle-to-upper range, offering broad appeal to a mix of household types without being a primary rent driver. Taken together, these factors align with steady renter demand and competitive positioning for well-maintained assets.
Neighborhood safety data for this location are not available in the current WDSuite release. Investors typically benchmark property performance alongside broader Los Angeles-Long Beach-Glendale trends and emphasize on-site measures (access control, lighting, management presence) to support resident satisfaction and retention.
Proximity to major media and corporate employers supports a strong white-collar renter base and commute convenience for residents, notably to Disney, Avery Dennison, Charter Communications, Radio Disney, and Live Nation Entertainment.
- Disney — entertainment & studios (2.2 miles) — HQ
- Avery Dennison — materials & packaging (2.9 miles) — HQ
- Charter Communications — telecommunications offices (2.9 miles)
- Radio Disney — media offices (3.1 miles)
- Live Nation Entertainment — entertainment corporate offices (6.0 miles)
This 20-unit asset at 507 E Cedar Ave benefits from a high-amenity Urban Core setting and a renter-heavy neighborhood that supports stable occupancy and consistent leasing. Elevated local home values and nationally high rent positioning point to strong pricing power relative to many U.S. areas, while household growth within a 3-mile radius expands the renter pool and supports retention. According to CRE market data from WDSuite, the neighborhood’s overall profile ranks competitively in the Los Angeles metro, reinforcing the case for durable demand.
Built in 1989, the property is newer than much of the surrounding stock, which can translate to lower near-term capital intensity and better curb appeal versus older comparables. Investors may still find selective modernization and operational upgrades to be accretive. Key considerations include managing affordability pressure (high rent-to-income by national standards) and monitoring exposure to entertainment-centric employment cycles.
- Amenity-rich, A-rated neighborhood with competitive metro rank supports leasing stability
- Strong renter-occupied housing concentration underpins tenant demand depth
- 1989 construction offers relative competitiveness with potential value-add via targeted upgrades
- High ownership costs in the area reinforce sustained reliance on multifamily housing
- Risks: elevated rent-to-income ratios and sensitivity to entertainment/media labor cycles