| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 79th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 711 N Hollywood Way, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | 2017-06-23 |
| Transaction Price | $8,200,000 |
| Buyer | BEECH HILL EQUITIES LLC |
| Seller | HW APARTMENTS LLC |
711 N Hollywood Way Burbank Multifamily Investment Outlook
Neighborhood occupancy is around the metro median and renter concentration is meaningful, supporting steady leasing, according to WDSuite’s CRE market data. Elevated ownership costs in Burbank further reinforce multifamily demand at the neighborhood level.
Rated A and ranked 72 of 1,441 in the Los Angeles-Long Beach-Glendale metro, this Urban Core neighborhood is competitive among Los Angeles-Long Beach-Glendale neighborhoods. Amenity access trends in the top quartile nationally, with strong density of restaurants, cafes, grocery, parks, and pharmacies, which supports resident retention and day-to-day convenience for renters.
Average school ratings are solid (nationally above the 75th percentile), a positive for family renters and longer tenures. Median contract rents benchmark high versus national norms, while the neighborhood’s rent-to-income ratio sits below national averages, indicating manageable affordability pressure that can aid renewals and reduce turnover risk.
The property’s 1989 vintage is newer than the neighborhood’s older housing stock (average year 1956), offering relative competitiveness versus pre-1970 assets. Investors should still plan for system updates typical of late-1980s construction, but the age profile can reduce near-term obsolescence compared with older comparables and provide a platform for targeted renovations.
Tenure patterns show a meaningful renter base at the neighborhood level, and within a 3-mile radius demographics indicate a larger renter-occupied share and an increase in households over the past five years. Forecasts for the 3-mile radius point to additional growth in households and incomes, implying renter pool expansion that can support occupancy stability and leasing velocity over the medium term, based on CRE market data from WDSuite.
Home values in this area rank in the high national percentiles, signaling a high-cost ownership market. That context typically sustains reliance on multifamily housing, supporting pricing power and lease retention for well-located assets near employment and amenities.
Safety indicators compare favorably to national benchmarks: neighborhood-level measures align with roughly the 75th to 90th percentiles nationwide, which is generally supportive of renter appeal. Recent data also show year-over-year improvement in violent offense rates, suggesting positive momentum rather than deterioration.
Within the Los Angeles-Long Beach-Glendale metro, the area is competitive and compares above metro averages on several safety metrics. As always, investors should underwrite at the neighborhood scale and monitor trends over time rather than relying on block-level assumptions.
The location serves a diverse employment base anchored by media, entertainment, and corporate services, supporting workforce housing demand and convenient commutes for tenants. Notable nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — media (0.7 miles)
- Disney — media & entertainment (1.2 miles) — HQ
- Charter Communications — telecommunications (2.5 miles)
- Live Nation Entertainment — entertainment (4.3 miles)
- Avery Dennison — materials & labeling (5.1 miles) — HQ
711 N Hollywood Way is a 24-unit, late-1980s asset positioned in a high-amenity, A-rated Burbank neighborhood where renter demand is reinforced by a high-cost ownership market and solid school options. According to CRE market data from WDSuite, neighborhood occupancy trends around the metro median while rents benchmark well above national norms, suggesting a stable leasing environment with pricing power for well-maintained product.
The 1989 vintage is newer than much of the surrounding housing stock, providing relative competitive positioning and a clear path for targeted value-add—kitchen/bath updates, common-area refresh, and efficiency upgrades—while acknowledging typical capital needs for systems of this era. Within a 3-mile radius, projections indicate growth in households and incomes, pointing to a larger tenant base and support for occupancy stability over the medium term.
- Amenity-rich, A-rated neighborhood with top-quartile national positioning
- High-cost ownership market reinforces sustained multifamily demand and lease retention
- 1989 vintage offers competitive positioning versus older stock with targeted value-add upside
- Monitor risks: neighborhood occupancy has softened from prior peaks and the area’s employment base is partially tied to cyclical media/entertainment