| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12244 Burbank Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1985 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12244 Burbank Blvd Valley Village Multifamily Investment
This 48-unit property sits in an Urban Core neighborhood ranked among the top quartile of Los Angeles-Long Beach-Glendale metro neighborhoods, with neighborhood-level occupancy at 96.4% and strong amenity density supporting tenant retention, according to CRE market data from WDSuite.
The property occupies a Valley Village location rated 'A' overall and ranking 111th among 1,441 neighborhoods in the Los Angeles-Long Beach-Glendale metro. Demographic data aggregated within a 3-mile radius shows a renter-occupied housing unit share of 68.2%, reinforcing depth of multifamily demand. Median household income in the surrounding area stands at $83,753, with forecasts projecting a 42.4% increase by 2028—expanding the pool of renters able to sustain current and future rent levels. Neighborhood-level occupancy sits at 96.4% and has climbed 1.8 percentage points over the past five years, ranking in the 80th percentile nationally and signaling stable absorption and low turnover risk.
Amenity density is a key tenant-retention driver. The neighborhood ranks 250th in overall amenity access (78th percentile nationally), with 7.97 grocery stores per square mile (98th percentile nationally) and 2.66 cafés per square mile (96th percentile nationally). Median home values in the neighborhood reach $1,097,803 (98th percentile nationally), and elevated ownership costs limit accessibility to ownership, sustaining rental demand and supporting lease retention. The rent-to-income ratio of 0.26 sits in the 11th percentile nationally, indicating relatively low affordability pressure and favorable conditions for lease renewals and pricing power.
The property was built in 1985, slightly newer than the neighborhood average construction year of 1978. This positions the asset competitively within the local stock while flagging moderate capital planning needs typical of properties approaching 40 years. Investors should anticipate ongoing maintenance cycles and evaluate value-add opportunities through unit upgrades or common-area renovations to preserve competitive positioning as newer inventory enters the market.
Median contract rent in the neighborhood is $1,805 (88th percentile nationally), having grown 32.8% over five years—a pace that outstrips household income growth over the same period. This rent trajectory, combined with high occupancy and strong renter concentration, underscores sustained pricing power. Average NOI per unit in the neighborhood is $15,132, ranking 101st among metro neighborhoods (94th percentile nationally), reflecting robust operating performance and efficient expense management across comparable assets.
The neighborhood ranks 306th among 1,441 metro neighborhoods for crime (78th percentile nationally), indicating safety performance above metro and national medians. Violent offense rates stand at 22.3 incidents per 100,000 residents annually, ranking 518th (57th percentile nationally), while property offense rates are 178.4 per 100,000 residents, ranking 425th (58th percentile nationally). Both violent and property offense rates have declined sharply year-over-year—down 92.9% and 84.6%, respectively—placing the neighborhood in the 99th percentile nationally for year-over-year improvement in both categories.
These trends suggest improving conditions that may support tenant confidence and retention. While crime metrics remain sensitive to reporting practices and localized variation, the combination of above-average absolute safety performance and strong recent improvement signals favorable momentum for lease-up and renewal activity. Investors should monitor these trends over multiple years to confirm durability, particularly in the context of broader metro public-safety dynamics.
Valley Village benefits from proximity to major corporate offices and headquarters in the entertainment, telecommunications, and professional services sectors, supporting workforce housing demand and commute convenience for tenants. Nearby anchors include:
- Radio Disney — entertainment & media (3.6 miles)
- Charter Communications — telecommunications (3.7 miles)
- Disney — entertainment & media (4.4 miles) — HQ
- Live Nation Entertainment — entertainment & events (5.9 miles)
- AECOM — engineering & professional services (7.9 miles) — HQ
This 48-unit asset in Valley Village offers stable multifamily fundamentals anchored by neighborhood-level occupancy of 96.4%, strong amenity density, and a renter-occupied housing unit share of 68.2%. Median household income within a 3-mile radius is forecast to increase 42.4% by 2028, expanding the tenant base able to support current and future rent levels. Median contract rent in the neighborhood has grown 32.8% over five years, and average NOI per unit stands at $15,132—ranking in the 94th percentile nationally. According to multifamily property research from WDSuite, the neighborhood ranks 111th among 1,441 metro neighborhoods overall, placing it in the top tier for housing performance, demographics, and amenity access.
The property's 1985 vintage is slightly newer than the neighborhood average, offering near-term competitive positioning while flagging moderate capital planning needs as the asset approaches 40 years. Elevated home values ($1,097,803 median, 98th percentile nationally) limit accessibility to ownership and sustain rental demand, supporting lease retention and pricing power. Proximity to major employers—including Disney (4.4 miles) and AECOM (7.9 miles)—reinforces workforce housing appeal. Crime trends show sharp year-over-year declines (92.9% drop in violent offenses, 84.6% drop in property offenses), ranking in the 99th percentile nationally for improvement and supporting tenant confidence.
- Neighborhood-level occupancy at 96.4% (80th percentile nationally) signals stable absorption and low turnover risk
- Forecast household income growth of 42.4% by 2028 expands the renter pool and supports rent progression
- Elevated home values (98th percentile nationally) sustain rental demand and reinforce reliance on multifamily housing
- Proximity to Disney, Charter Communications, and other major employers supports workforce housing demand
- 1985 construction year requires moderate capital planning; investors should evaluate value-add opportunities through unit or common-area upgrades