| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 559 E Olive Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1988 |
| Units | 42 |
| Transaction Date | 1998-02-03 |
| Transaction Price | $3,880,000 |
| Buyer | SMOOTH OPERATOR LP |
| Seller | WOOD RENA |
559 E Olive Ave, Burbank CA Multifamily Opportunity
Positioned in Burbank an Urban Core pocket with strong renter concentration and amenity depth 4the neighborhood shows steady occupancy and durable demand drivers, according to WDSuite s CRE market data.
Burbank s Urban Core setting delivers a renter-driven landscape and daily convenience that supports leasing stability. The neighborhood ranks 56 out of 1,441 in the Los Angeles-Long Beach-Glendale metro, placing it in the top quartile among metro neighborhoods, with an A+ neighborhood rating informed by amenity access, demographics, and housing performance.
Amenity access is a differentiator: dining density sits in the 99th percentile nationally, with pharmacies and childcare also testing in the high-90s percentiles. These metrics describe the neighborhood, not the property, and typically correlate with resident retention and lower turnover friction for multifamily assets.
Neighborhood occupancy is about 94% (above the national median), with only modest softening over the past five years, signaling resilient baseline demand. Renter-occupied share is high at the neighborhood level (79%), indicating a deep tenant base for midsize properties and supporting day-one leasing momentum and renewal prospects.
Within a 3-mile radius, demographics show stable population levels and a slight increase in households, pointing to smaller household sizes and a steady pipeline of renters. Median home values in the area are elevated relative to national norms (96th percentile nationally), which tends to reinforce reliance on multifamily rentals and can enhance pricing power when managed carefully.
Operating benchmarks also tilt favorable for investors: NOI per unit at the neighborhood level is around the 80th percentile nationally, and the average school rating trends slightly above the national midpoint. Taken together, the neighborhood s amenity moat, renter concentration, and operating profile position it as competitive among Los Angeles submarkets for multifamily property research.
Safety indicators for the neighborhood compare moderately well versus national benchmarks. Overall crime conditions place the area above the national median for safety, and about mid-to-above average within the Los Angeles-Long Beach-Glendale metro (ranked 608 among 1,441 neighborhoods). Property-related offenses track stronger than national norms (high national percentile), with a notable year-over-year decline, while violent-offense measures sit modestly better than the national midpoint.
Investors should read the trend as mixed but improving: recent reductions in property offenses support day-to-day livability and asset preservation, while violent-offense metrics warrant ongoing monitoring like any Urban Core location. These are neighborhood-level indicators and may not reflect block-specific conditions.
Proximity to major media and corporate offices underpins workforce housing demand and supports commute convenience for renters. Key employers include Disney, Charter Communications, Radio Disney, and Avery Dennison, all within a short drive.
- Disney media & entertainment (2.3 miles) HQ
- Charter Communications telecommunications (2.5 miles)
- Radio Disney media (3.1 miles)
- Avery Dennison materials & labeling (3.4 miles) HQ
This 42-unit asset sits in a Burbank neighborhood that screens well for multifamily fundamentals: above-median neighborhood occupancy, a high share of renter-occupied housing, and an amenity-rich urban context that typically supports retention. Elevated home values relative to national norms reinforce renter reliance on multifamily housing, while neighborhood operating benchmarks (including NOI per unit) trend strong versus national peers. Based on commercial real estate analysis from WDSuite, the area s fundamentals indicate durable demand with measured pricing power when paired with disciplined lease management.
Within a 3-mile radius, households have increased and are projected to grow further, expanding the local renter pool even as household sizes edge lower 4both supportive of occupancy stability. Key risks to underwrite include rent-to-income affordability pressure at the neighborhood level and typical Urban Core variability, suggesting the need for vigilant revenue management and expense controls.
- Above-median neighborhood occupancy supports leasing stability
- High renter-occupied share indicates deep tenant base
- Amenity-rich Urban Core location bolsters retention and rentability
- Elevated ownership costs in the area sustain multifamily demand
- Risk: Rent-to-income pressure and Urban Core variability require tight lease and expense management