| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 700 S Lake St, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1987 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
700 S Lake St Burbank Multifamily Investment
This 53-unit property sits in a neighborhood with 79% renter-occupied units and maintains 94% occupancy, according to WDSuite's CRE market data. The urban core location offers proximity to major entertainment industry employers including Disney headquarters.
The property operates within an A+-rated neighborhood that ranks 56th among 1,441 Los Angeles metro neighborhoods, placing it in the top quartile for overall investment fundamentals. Built in 1987, the asset aligns with the area's average construction year of 1986, indicating consistent building stock without unusual capital expenditure pressures relative to neighborhood norms.
The immediate area demonstrates strong renter concentration at 79% of housing units, ranking in the 99th national percentile and supporting deep tenant demand for multifamily properties. Within a 3-mile radius, demographic data shows 59% of housing units are renter-occupied, with household growth projected at 31.7% through 2028, expanding the potential tenant base significantly.
Neighborhood-level occupancy trends show 94% occupancy, performing above the 65th national percentile despite slight softening over five years. Median contract rents of $1,803 rank in the 88th national percentile, while home values at $840,410 create substantial ownership barriers that sustain rental demand. The rent-to-income ratio of 0.34 indicates affordability pressure that requires careful lease management considerations.
The urban core designation supports tenant retention through exceptional amenity density, ranking 64th among metro neighborhoods with 95th percentile national performance. Restaurant density reaches 55.6 per square mile (99th percentile nationally), while childcare, pharmacy, and grocery access all rank in the top decile nationally, enhancing the location's appeal to diverse tenant demographics.
Crime metrics position the neighborhood at 608th among 1,441 Los Angeles metro neighborhoods, placing it above metro average and in the 62nd national percentile for safety. Property crime rates show improvement with an estimated 30% decline year-over-year, though violent crime increased 33.9% over the same period, reflecting mixed trends that warrant ongoing monitoring.
The property crime rate of 15.9 incidents per 1,000 residents ranks in the 85th national percentile, indicating relatively low property crime compared to neighborhoods nationwide. While violent crime metrics show some volatility, the overall safety profile remains competitive among Los Angeles metro neighborhoods, supporting tenant retention and leasing velocity.
The property benefits from proximity to major entertainment and corporate employers that anchor the regional economy and support workforce housing demand.
- Disney — entertainment & media (1.4 miles) — HQ
- Radio Disney — broadcasting & media (2.3 miles)
- Charter Communications — telecommunications (2.9 miles)
- Avery Dennison — industrial materials (3.1 miles) — HQ
- Live Nation Entertainment — entertainment services (5.3 miles)
This 53-unit property offers exposure to Los Angeles' entertainment industry corridor through proximity to Disney headquarters and other major media employers within 3 miles. The neighborhood's 79% renter concentration and 94% occupancy demonstrate stable rental demand, while demographic projections show 31.7% household growth through 2028 within a 3-mile radius, expanding the potential tenant pool significantly.
Built in 1987, the asset aligns with neighborhood construction patterns while offering potential value-add opportunities through strategic renovations. High home values at $840,410 and elevated ownership costs sustain rental demand, though rent-to-income ratios of 0.34 require careful lease management and pricing strategies to maintain occupancy stability.
- Top quartile neighborhood ranking (56th of 1,441) in Los Angeles metro with A+ rating
- 79% renter-occupied units (99th national percentile) supporting deep tenant demand
- Proximity to Disney HQ (1.4 miles) and entertainment industry employment base
- 31.7% projected household growth through 2028 expanding tenant pool
- Risk: Rent-to-income ratio of 0.34 indicates affordability pressure requiring active lease management