| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 79th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 730 N Whitnall Hwy, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1993 |
| Units | 63 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
730 N Whitnall Hwy, Burbank Multifamily Investment
Positioned in an Urban Core pocket of Burbank with stable, near‑average neighborhood occupancy and strong amenity access, the asset benefits from deep renter demand reinforced by a high‑cost ownership market, according to WDSuite’s CRE market data.
Burbank’s Urban Core setting offers day‑to‑day convenience that supports leasing: parks, grocery, restaurants, cafes, and childcare options all score well on a national basis, and the average school rating is solid (4.0 out of 5). These are neighborhood‑level dynamics that tend to underpin retention rather than one‑off draws.
Relative to Los Angeles-Long Beach-Glendale metro peers, this neighborhood is competitive (ranked 72 out of 1,441) with an A neighborhood rating. Nationally, amenity access sits in the top quartile, while grocery, restaurant, and park density also track in higher percentiles. Neighborhood occupancy is around the metro median, indicating steady—though not overly tight—conditions that can be managed through pricing and renewal strategy.
The property’s 1993 vintage is newer than the neighborhood’s older housing stock (average year 1956), offering a competitive edge versus mid‑century buildings. Investors should still plan for selective modernization and system lifecycle items typical of a 1990s asset to maintain positioning against ongoing renovations in the submarket.
Within a 3‑mile radius, demographics point to a resilient renter base: households have grown even as average household size edged down, and projections call for additional population and household growth through 2028. A roughly two‑thirds renter‑occupied share of housing units indicates a broad tenant pool, and rising household incomes alongside nationally elevated home values in the neighborhood support reliance on rental housing rather than ownership.
For investors, the combination of high neighborhood NOI per unit (top decile nationally) and a rent‑to‑income ratio that remains manageable suggests room for disciplined revenue management without outsized affordability pressure. Elevated ownership costs in this area tend to sustain multifamily demand and can aid lease retention, particularly for well‑maintained, professionally managed assets.
Neighborhood safety compares favorably in context: based on metro rankings, the area sits well above many Los Angeles neighborhoods (ranked 259 out of 1,441), and nationally it performs in the upper tiers for safety. WDSuite’s indicators also show violent‑offense rates trending down year over year, a positive directional signal for long‑term operations.
Interpreted for investors, these comparative trends—top quartile nationally and above metro average—align with the leasing stability typically observed in well‑amenitized, workforce‑oriented pockets of the San Fernando Valley. Always underwrite to property‑specific security measures and recent comps, as conditions can vary within small urban neighborhoods.
The immediate area draws from a concentrated media and corporate employment base that supports renter demand and short commutes, led by Radio Disney, Disney, Charter Communications, Avery Dennison, and Live Nation Entertainment.
- Radio Disney — media & entertainment offices (0.76 miles)
- Disney — media & entertainment studios (1.18 miles) — HQ
- Charter Communications — telecommunications (2.46 miles)
- Avery Dennison — packaging & materials (5.02 miles) — HQ
- Live Nation Entertainment — live entertainment & corporate (6.93 miles) — HQ
This 63‑unit, 1993 multifamily asset in Burbank benefits from a high‑amenity, A‑rated neighborhood where ownership costs are elevated and the renter pool is deep. Neighborhood occupancy is around the metro median, but the area’s top‑quartile safety profile, strong schools, and dense services support renewal outcomes and day‑to‑day livability. Within 3 miles, households have been increasing and are projected to grow further as average household size declines—an investor‑relevant setup that expands the tenant base and helps support occupancy stability.
According to CRE market data from WDSuite, neighborhood NOI per unit is among the stronger cohorts nationally while rent‑to‑income levels indicate manageable affordability pressure—constructive for pricing power with prudent lease management. The 1993 vintage stands newer than much of the surrounding stock, giving competitive positioning with room for targeted modernization to capture value‑add upside.
- Newer 1993 vintage versus older neighborhood stock supports competitive appeal; plan selective upgrades for continued positioning.
- Elevated home values and a large renter‑occupied housing share within 3 miles reinforce multifamily demand and lease retention.
- Strong amenity access and above‑average school ratings underpin livability and renewal potential.
- Neighborhood NOI per unit ranks among top national cohorts; rent‑to‑income levels suggest room for disciplined revenue management.
- Risks: neighborhood occupancy has softened over five years and local employment is concentrated in entertainment; underwrite to recent leasing comps and capital needs.