| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 79th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 612 E Cypress Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
612 E Cypress Ave, Burbank Multifamily Investment
Positioned in a high-income pocket of Burbank with neighborhood occupancy in the mid-90s, this 25‑unit asset benefits from a deep renter base and limited for-sale alternatives, according to CRE market data from WDSuite.
Burbank within the Los Angeles-Long Beach-Glendale metro shows investor-friendly fundamentals: neighborhood-level rents rank in the upper tier nationally while occupancy trends sit above the national median, based on WDSuite 2019s CRE market data. The area 2019s median home values are elevated compared with most U.S. neighborhoods, reinforcing reliance on multifamily housing and supporting pricing power.
Schools rate favorably (top quintile nationally), and the housing backdrop tests strong as well (top quartile nationally). By contrast, amenity density scores at the bottom among 1,441 metro neighborhoods, so residents are more dependent on nearby employment nodes and established corridors for daily needs 2014 a consideration for leasing strategy and resident services.
Tenure data indicates a substantial renter-occupied share within the 3-mile radius (roughly the majority of housing units), signaling depth for multifamily demand and a broader tenant base for renewals and lease-up. Within the same 3-mile radius, households have grown even as population has remained roughly flat, implying smaller household sizes and a gradual expansion of the renter pool that can support occupancy stability.
Income levels in the immediate area skew high relative to national norms and have trended upward, and neighborhood-level NOI per unit performs in the top decile nationally. Together with strong local employers and entertainment studios nearby, these dynamics help underpin rent collections and retention, though investors should account for competitive Class B/C supply and the need to differentiate through operations and finishes.
Comparable crime statistics for this neighborhood are not available in the current WDSuite data release. Investors typically assess safety by reviewing recent city and police blotter trends, touring at multiple dayparts, and benchmarking against adjacent Burbank subareas to understand property management needs and resident experience.
As with most urban-core locations in greater Los Angeles, conditions can vary block to block; aligning security practices and lighting with observed patterns and resident expectations can help support retention and leasing.
Proximity to major media and corporate offices supports a steady renter pipeline and commute convenience, notably Charter Communications, Disney, Radio Disney, Avery Dennison, and Live Nation.
- Charter Communications telecommunications (2.2 miles)
- Disney entertainment studios (2.4 miles) HQ
- Radio Disney media offices (3.2 miles)
- Avery Dennison materials & packaging (3.7 miles) HQ
- Live Nation Entertainment live entertainment offices (6.4 miles)
Built in 1989, the property is newer than much of the neighborhood 2019s 1980s-vintage stock, offering competitive positioning with potential to capture value through targeted modernization of interiors and building systems. Elevated neighborhood rents and high ownership costs support durable multifamily demand, and according to commercial real estate analysis from WDSuite, occupancy at the neighborhood level is solid relative to national norms.
Within a 3-mile radius, households are increasing even as population remains roughly flat, broadening the tenant base and helping sustain leasing velocity. Strong nearby employers in media and corporate services add daytime population and convenience, while investors should plan for amenity-light blocks by enhancing on-site services and focusing on resident experience.
- 1989 vintage offers competitive positioning with value-add and systems-refresh potential
- High-cost ownership market supports rental demand depth and pricing power
- Neighborhood occupancy and renter base indicate stable leasing fundamentals
- Proximity to major media and corporate employers supports retention
- Risk: amenity-light blocks and competitive Class B supply require operational differentiation