| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 79th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 727 E Providencia Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
727 E Providencia Ave Burbank 20‑Unit Multifamily
Positioned in Burbank s urban core, the asset benefits from a high-cost ownership market and steady renter demand, according to WDSuite s CRE market data.
Burbank s Urban Core profile and a neighborhood rating of C+ signal established housing and employment connectivity rather than emerging growth. Neighborhood occupancy is measured at the neighborhood level and trends competitive versus national norms (63rd percentile), supporting stable leasing dynamics, while recent softening suggests the need for active management on renewals and pricing.
Local schools average around 4.0 out of 5 in neighborhood-level scoring (top quartile among 1,441 metro neighborhoods), which can aid retention for family renters. Amenity density inside the immediate neighborhood is limited in the dataset, with most daily services concentrated along nearby commercial corridors, a common pattern for Los Angeles sub-neighborhoods.
Within a 3-mile radius, demographics show households edging higher even as population modestly contracts, implying smaller household sizes and a broader renter pool over time. Median household incomes in the neighborhood benchmark above national norms, and median contract rents are elevated for the metro; together these trends indicate a tenant base with capacity for quality product while requiring disciplined affordability management.
Home values in the neighborhood are elevated versus national percentiles, which typically sustains reliance on multifamily rentals and supports lease retention. The property s 1985 vintage is slightly newer than the neighborhood s average 1983 stock, suggesting competitive positioning versus older buildings, though investors should still underwrite for system upgrades and modernization to meet current renter expectations.
Neighborhood-level crime ranking data are not available in WDSuite for this location, so direct comparisons to Los Angeles metro peers or national percentiles cannot be made here. Investors often contextualize safety by reviewing multi-year city reports and touring at different times of day to align underwriting with observed conditions.
The nearby employment base features major media and corporate offices that support renter demand through short commutes and diversified professional jobs, including Disney, Charter Communications, Avery Dennison, Radio Disney, and Live Nation Entertainment.
- Disney corporate offices (2.5 miles) HQ
- Charter Communications corporate offices (2.9 miles)
- Avery Dennison corporate offices (3.0 miles) HQ
- Radio Disney corporate offices (3.3 miles)
- Live Nation Entertainment corporate offices (6.3 miles)
727 E Providencia Ave is a 20-unit asset in Burbank s urban core with fundamentals supported by a high-cost ownership landscape and a sizable renter base. Neighborhood occupancy is measured at the neighborhood level and sits above national averages while easing modestly in recent years; based on CRE market data from WDSuite, this points to generally resilient demand with emphasis on active renewal strategies. The 1985 vintage is slightly newer than the neighborhood average, offering immediate competitiveness versus older stock and potential value-add via unit and system upgrades.
Within a 3-mile radius, households are increasing even as population trends flat to slightly down, which typically expands the renter pool and supports occupancy stability. Elevated neighborhood rents and incomes, combined with strong school ratings and proximity to major employers, suggest durable leasing, while limited amenity density in the immediate pocket and softening occupancy trends warrant prudent underwriting.
- High-cost ownership market supports sustained multifamily demand and lease retention
- Neighborhood occupancy competitive nationally, with room for management-driven stabilization
- 1985 vintage offers value-add potential through interior and system modernization
- Strong nearby employment and solid school ratings enhance renter appeal
- Risks: localized amenity density is limited and neighborhood occupancy has softened; underwrite for active leasing and renewals