| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 67th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 905 N 3rd St, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
905 N 3rd St, Burbank Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and strong amenity access, according to WDSuite’s CRE market data. This commercial real estate analysis points to stable occupancy with room for value-add at a 1972-vintage asset.
Positioned in Burbank’s Urban Core within the Los Angeles–Long Beach–Glendale metro, the neighborhood carries an A rating and ranks 76 out of 1,441 metro neighborhoods—competitive among Los Angeles–Long Beach–Glendale neighborhoods. Amenity density is a differentiator: restaurants, groceries, parks, and pharmacies score in the top quartile nationally, helping sustain daily-needs convenience and resident retention.
Multifamily fundamentals are favorable at the neighborhood level: occupancy is in the 82nd percentile nationally and the share of renter-occupied housing units sits in the 97th percentile. For investors, this indicates a deep tenant base and supports leasing stability, while still requiring disciplined pricing and renewal strategy.
Within a 3-mile radius, the resident profile is balanced across age cohorts with modest population growth and a recent increase in household counts alongside slightly smaller average household sizes. That mix typically expands the renter pool and supports absorption for well-located properties, especially near employment and services. Median school ratings trend above the national midpoint, offering an additional livability signal for workforce and household renters.
Home values in the area are elevated (top decile nationally), and the value-to-income ratio trends high, which tends to reinforce reliance on rental housing and can underpin pricing power. At the same time, rent-to-income ratios indicate some affordability pressure relative to the nation, suggesting attention to lease management and unit mix positioning. Based on CRE market data from WDSuite, the property’s 1972 vintage is slightly older than the neighborhood average construction year, pointing to potential renovation or systems upgrades to enhance competitive standing.
Safety indicators point to comparatively favorable conditions versus national norms. Neighborhood-level violent offense metrics align with the top quartile nationally and have improved year over year, which supports resident confidence and lease stability. Property offense indicators read better than most neighborhoods nationwide as well, though recent year changes suggest monitoring for short-term volatility rather than assuming a straight-line trend.
Against the Los Angeles–Long Beach–Glendale metro, the area performs competitive to above average on composite crime measures (ranked performance within a field of 1,441 neighborhoods). Investors should view this as a constructive baseline while continuing standard due diligence on submarket- and property-specific security measures.
Proximity to major media and corporate employers underpins renter demand and commute convenience. Key nearby employment nodes include Charter Communications, Disney, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Charter Communications — corporate offices (1.8 miles)
- Disney — corporate offices (2.2 miles) — HQ
- Radio Disney — corporate offices (2.8 miles)
- Avery Dennison — corporate offices (4.0 miles) — HQ
- Live Nation Entertainment — corporate offices (9.1 miles) — HQ
This 30-unit, 1972-vintage property sits in a high-demand renter pocket where neighborhood occupancy is in the 82nd percentile nationally and the renter-occupied share is among the highest nationwide. Elevated ownership costs in Burbank support continued reliance on multifamily, while 3-mile household growth and slightly smaller household sizes point to a larger tenant base and diversified unit demand. According to CRE market data from WDSuite, the asset’s vintage is modestly older than the area average, creating credible value-add angles through interior updates and system modernization to strengthen competitive positioning.
Livability fundamentals are strong: top-quartile national amenity access, commute proximity to major employers, and school ratings above the national midpoint. These factors support retention and pricing power. Balanced against this, rent-to-income levels indicate some affordability pressure, warranting attention to renewal strategies, concessions discipline, and unit mix optimization.
- High neighborhood occupancy and deep renter base support leasing stability
- Top-quartile amenity access and major employer proximity aid retention
- 1972 vintage offers practical value-add via interiors and systems
- Elevated ownership costs reinforce multifamily demand and pricing power
- Risk: rent-to-income pressure requires careful renewal and concession management