| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 57th | Good |
| Amenities | 42nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7601 N Hollywood Way, Burbank, CA, 91505, US |
| Region / Metro | Burbank |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 2015-01-09 |
| Transaction Price | $3,600,000 |
| Buyer | MERSOLA ANTHONY |
| Seller | DE MARTINIS PARTNERS LLC |
7601 N Hollywood Way Burbank Multifamily Investment
Neighborhood occupancy sits in the low-90s and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data. These metrics describe the surrounding neighborhood, not the property, and point to durable leasing fundamentals for a 1988-vintage asset in an inner-suburb location.
Located in Burbank’s inner suburbs of the Los Angeles metro, the property benefits from solid location fundamentals and proximity to major employment nodes. Neighborhood occupancy has been steady in the low-90s over the last five years, suggesting generally stable leasing conditions rather than late-cycle softness. The 1988 construction is newer than the area’s average vintage (1960), which can enhance competitive positioning versus older inventory; investors should still plan for targeted modernization and systems upkeep typical for late-1980s assets.
Amenity access is mixed. Dining density is strong (restaurant concentration ranks high nationally), and grocery access is above the national median, while café and park density are comparatively limited in the immediate area. For investors, this translates to day-to-day convenience and entertainment options, with some trade-off on greenspace within walking distance.
Within a 3-mile radius, demographics indicate a large, diversified household base with modest population change historically and a projected increase in households over the next five years—expanding the potential renter pool and supporting occupancy stability. The renter-occupied share within 3 miles is just over half of housing units, indicating a deep tenant base for multifamily. Household incomes are skewed toward higher brackets in this radius, which can support renewal capture and class-B repositioning strategies when paired with thoughtful rent management.
Ownership costs in the neighborhood are elevated by national standards, reinforcing reliance on multifamily housing and helping sustain pricing power and lease retention. At the same time, rent-to-income levels are manageable for many area households, which can reduce near-term retention risk and support steady collections with disciplined lease management.
Safety indicators are favorable in a comparative context. The neighborhood profiles in the top decile nationally for safety, and performance is competitive among Los Angeles neighborhoods (1,441 total) based on WDSuite’s data. Recent year-over-year trends show notable declines in both violent and property offense rates, indicating improving conditions versus last year rather than deterioration.
As always, investors should evaluate property-level security features and insurer requirements, but the surrounding area’s trajectory and relative standing versus national and metro benchmarks point to a supportive backdrop for renter retention.
Proximity to major employers anchors demand for workforce and professional renters, with short commutes to telecommunications and entertainment corporates highlighted below.
- Charter Communications — telecommunications (0.67 miles)
- Disney — entertainment & media (3.82 miles) — HQ
- Radio Disney — radio & media (3.86 miles)
- Avery Dennison — materials & labeling (6.37 miles) — HQ
- Live Nation Entertainment — live events & media (7.41 miles)
This 20-unit, 1988-vintage asset in Burbank offers durable renter demand supported by a high-cost ownership landscape and steady neighborhood occupancy. Based on CRE market data from WDSuite, the surrounding neighborhood has held in the low-90s occupancy range with only modest movement over five years, while elevated home values tilt households toward renting—supporting lease-up and renewal prospects. The property’s newer-than-local-average vintage provides a competitive edge versus older stock, with targeted capital programs likely to unlock further value.
Within a 3-mile radius, households have been trending higher and are projected to expand further, increasing the tenant base and aiding occupancy stability. Income distribution skews toward higher-earning cohorts, which can support rents for well-managed, renovated units. Key risks include mixed amenity density in the immediate blocks and the need for strategic modernization typical of late-1980s construction; disciplined operations should mitigate these factors.
- Newer-than-area vintage (1988) supports competitive positioning versus older local stock
- High-cost ownership market sustains renter demand and renewal potential
- Neighborhood occupancy in the low-90s suggests steady leasing conditions
- 3-mile households projected to expand, enlarging the tenant base and supporting stability
- Risks: limited nearby parks/cafés and typical late-1980s systems requiring targeted capex