| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 79th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 N Whitnall Hwy, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 25 |
| Transaction Date | 2002-07-01 |
| Transaction Price | $3,386,545 |
| Buyer | HAMPSTEAD PROPERTIES LLC |
| Seller | HOO LAWRENCE NON SZTO SOO |
600 N Whitnall Hwy Burbank Multifamily Investment
Positioned in a high-demand Burbank pocket with strong neighborhood amenities and an established renter base, this asset offers durable occupancy fundamentals, according to WDSuite’s CRE market data. Elevated ownership costs nearby support sustained apartment demand and leasing stability.
The immediate neighborhood ranks 72 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, indicating it is competitive within the metro for livability and investment appeal. Amenity access is a clear strength: restaurants, groceries, parks, and pharmacies all score in the top quartile nationally, supporting day-to-day convenience and renter retention.
Neighborhood schools average 4.0 out of 5 (top quartile nationally), which can bolster longer-term tenancy for households. Median neighborhood occupancy is around the national midrange, with some softening over the last five years; investors should expect generally stable leasing with typical turnover management.
Within a 3-mile radius, households have grown modestly in recent years and are projected to increase further, implying a larger tenant base over the next cycle. Renter-occupied housing accounts for roughly two-thirds of units in this 3-mile catchment, signaling depth in multifamily demand; within the immediate neighborhood, renter concentration is closer to about half of occupied units, suggesting a balanced tenant mix.
Home values in the neighborhood sit in the top national percentiles and ownership is a high-cost proposition locally, which tends to reinforce reliance on multifamily housing and can support pricing power. The property’s 1989 vintage is newer than the neighborhood’s older housing stock (average 1956), offering a relative competitive edge versus pre-1980s assets, while still leaving room for targeted modernization to elevate rents and retention.
Based on WDSuite’s CRE market data, the neighborhood’s overall safety profile compares favorably: it ranks 259 out of 1,441 metro neighborhoods, and key indicators fall in the top quartile nationally versus neighborhoods across the country. Recent data also points to a notable year-over-year decline in violent offenses, which supports tenant confidence and leasing stability, though investors should continue to monitor trends at the broader metro level.
Proximity to major media and corporate employers supports a strong workforce renter base and convenient commutes. The concentration of studios and headquarters below can help underpin leasing velocity and retention.
- Radio Disney — media offices (0.64 miles)
- Disney — entertainment studios (1.01 miles) — HQ
- Charter Communications — telecommunications (2.58 miles)
- Live Nation Entertainment — live entertainment offices (4.20 miles)
- Avery Dennison — materials manufacturing (4.88 miles) — HQ
This 25-unit, late-1980s asset in Burbank aligns with durable renter demand drivers: high national-percentile amenities, strong school ratings, and a high-cost ownership market that supports multifamily reliance. According to CRE market data from WDSuite, neighborhood occupancy sits near the national midrange with a modest five-year softening, suggesting steady operations with attention to turn costs and leasing cadence. Average unit sizes near 970 sq. ft. provide flexibility for family and roommate configurations, aiding retention.
Within a 3-mile radius, households have increased and are projected to expand further through 2028, pointing to a larger tenant base and support for occupancy stability. The 1989 vintage is newer than much of the surrounding stock, offering competitive positioning versus older assets while presenting value-add opportunities through selective modernization of interiors and building systems to capture rent premiums without overextending capital plans.
- High-cost ownership environment sustains rental demand and supports pricing power
- Amenity- and school-rich location (top quartile nationally) bolsters tenant retention
- 1989 vintage is competitively newer vs. neighborhood stock, with value-add upgrade potential
- Expanding 3-mile household base supports a larger renter pool and occupancy stability
- Risk: Occupancy has softened from prior peaks; proactive leasing and renewal strategy is important