| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 79th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 630 N Hollywood Way, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1990 |
| Units | 117 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
630 N Hollywood Way, Burbank CA — Multifamily Investment
Positioned in Burbank a high-income, amenity-rich urban core the property benefits from durable renter demand and proximity to major studios, according to WDSuite s CRE market data.
Burbank s Urban Core around 630 N Hollywood Way ranks 72nd of 1,441 Los Angeles metro neighborhoods (A rating), placing it in the top quartile locally. Neighborhood occupancy is 91.2% (neighborhood-level), roughly around the national median over the last cycle, while the renter-occupied share is 48.9% (neighborhood-level), indicating a sizable tenant base for multifamily leasing.
Amenities are a clear advantage: parks, groceries, restaurants, cafes, and childcare options all score in high national percentiles (parks and groceries above the 90th percentile). Average school ratings are strong (4.0/5), which supports family-oriented demand and retention for larger floor plans.
Within a 3-mile radius, households increased by 2.6% over the last five years even as population was roughly flat, pointing to smaller household sizes and a broader pool of leasing prospects. Looking forward, WDSuite data indicates notable growth in households and incomes by 2028, which generally supports occupancy stability and absorption for renovated or repositioned units as part of disciplined commercial real estate analysis.
Home values in the neighborhood are elevated (near the top of national distributions), reinforcing renter reliance on multifamily housing. With a rent-to-income ratio near 0.19 at the neighborhood level, affordability pressure appears manageable, which can aid lease retention and measured pricing power when balanced against competitive stock.
Neighborhood safety indicators compare favorably versus many peers. The area sits above the national median for safety (around the 79th percentile nationally), and its rank is competitive within Los Angeles (259th of 1,441 metro neighborhoods). Recent year-over-year trends show a meaningful decrease in violent offense estimates, suggesting improving conditions; investors should still underwrite typical Urban Core variability and property-level security needs.
The employment base nearby is anchored by media and corporate offices, supporting workforce housing demand and commute convenience for residents. Key employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney corporate offices (0.65 miles)
- Disney corporate offices (1.12 miles) HQ
- Charter Communications corporate offices (2.57 miles)
- Live Nation Entertainment corporate offices (4.20 miles)
- Avery Dennison corporate offices (5.00 miles) HQ
This 117-unit asset, built in 1990, is newer than much of the surrounding housing stock (1950s average), offering competitive positioning versus older properties while leaving room for targeted modernization. Neighborhood fundamentals are favorable: high household incomes, elevated home values that sustain rental demand, and an amenity- and school-rich location. According to CRE market data from WDSuite, neighborhood occupancy sits near national norms with a stable renter base, supporting steady leasing fundamentals.
Investor focus centers on capturing durable demand from nearby studio and corporate employment, leveraging strong household income growth forecasts within 3 miles to support rent rolls and retention. The combination of a sizeable unit count and an urban core location suggests potential for measured rent optimization, while underwriting should account for typical Los Angeles urban dynamics and recent softening in neighborhood occupancy over the five-year period.
- Newer 1990 vintage versus area average, with potential value-add through selective upgrades
- Strong amenity and school access, plus elevated home values reinforcing multifamily demand
- Proximity to major employers underpins leasing stability and renewal potential
- Household and income growth within 3 miles supports future rent and occupancy resilience
- Risk: neighborhood occupancy eased over five years; prudent underwriting for lease-up and concessions remains warranted