| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 65th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12021 Burbank Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1981 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12021 Burbank Blvd Valley Village 23-Unit Multifamily
Stable renter demand and a deep tenant base in Valley Village support income durability, according to WDSuite’s CRE market data, with neighborhood occupancy and high ownership costs reinforcing multifamily positioning.
Rated A- with a neighborhood rank of 331 out of 1,441 Los Angeles metro neighborhoods, the area sits in the top quartile locally, signaling competitive fundamentals for multifamily. Restaurants and daily-needs retail are well represented (strong national percentiles for restaurants and pharmacies), while parks and cafes are thinner; investors should underwrite on-site amenities to offset limited green space.
The property’s 1981 vintage is slightly newer than the neighborhood’s average construction year (1972). That positioning can be advantageous versus older stock, though investors should still plan for targeted system upgrades and selective renovations to maintain competitive standing.
Renter concentration is high: 64% of housing units in the neighborhood are renter-occupied, indicating a sizable tenant pool that typically supports occupancy stability and leasing velocity. Neighborhood occupancy is 94.2% (above the national midpoint), which helps frame renewal and pricing strategy for a 23-unit asset.
Within a 3-mile radius, households have inched higher despite modest population softness in recent years, and projections point to growth in both population and households alongside smaller average household sizes. This combination suggests a larger renter pool over time and steady demand for professionally managed apartments.
Home values sit in a high-cost ownership market (top national percentiles), which tends to sustain reliance on rental housing and can support lease retention for quality apartments. Median contract rents are elevated for the metro but track income growth, keeping rent-to-income ratios nearer to manageable levels in an LA context. School ratings trend softer than national averages, which is worth noting for family-oriented unit mixes but is less critical for studios and one-bedrooms.
Safety benchmarks show mixed signals. The neighborhood’s metro crime rank (248 out of 1,441) indicates comparatively higher crime relative to Los Angeles’ median, yet national comparisons place the area in a stronger tier overall (around the top quintile nationwide). Recent year-over-year trends point to declines in both violent and property offenses, according to CRE market data from WDSuite. Investors should continue to monitor submarket trends and emphasize lighting, access control, and resident engagement in operations.
Proximity to entertainment and media employers underpins workforce housing demand and commute convenience for renters. The employers below represent nearby drivers of stable, white-collar tenancy and leasing durability in this part of the Valley.
- Radio Disney — corporate offices (3.3 miles)
- Charter Communications — corporate offices (3.4 miles)
- Disney — corporate offices (4.1 miles) — HQ
- Live Nation Entertainment — corporate offices (5.7 miles)
- Live Nation Entertainment — corporate offices (6.8 miles) — HQ
12021 Burbank Blvd offers a 23-unit footprint in an A- rated Valley Village neighborhood that ranks in the top quartile among 1,441 Los Angeles metro neighborhoods. High renter concentration and a neighborhood occupancy rate above national midpoints point to depth of tenant demand and supportive renewal dynamics. Elevated home values reinforce reliance on rental housing, which can aid lease retention for well-managed assets.
Built in 1981, the asset is slightly newer than the local average—helping competitive positioning versus older stock—yet investors should underwrite selective modernization and system updates. Demographic indicators within a 3-mile radius suggest a growing household base and smaller average household sizes over the forecast period, expanding the renter pool and supporting steady absorption. According to CRE market data from WDSuite, neighborhood rents, incomes, and occupancy trends are consistent with durable long-term multifamily demand in this part of Los Angeles.
- Top-quartile neighborhood rank locally supports sustained renter demand
- High renter-occupied share and above-midpoint occupancy underpin renewal and pricing power
- 1981 vintage offers a competitive edge versus older stock with targeted value-add potential
- Nearby entertainment and media employers support leasing stability and retention
- Risks: relatively higher crime versus LA metro medians and softer school ratings; plan for security features and unit mix strategy