| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 69th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12624 Burbank Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1985 |
| Units | 25 |
| Transaction Date | 2008-05-12 |
| Transaction Price | $2,097,045 |
| Buyer | IMT CAPITAL 12626 BURBANK LLC |
| Seller | BURBANK PARTNERS LP |
12624 Burbank Blvd Valley Village Multifamily Investment
Neighborhood occupancy is in the mid-90s with a sizable renter-occupied base, supporting steady leasing conditions according to WDSuite’s CRE market data. Elevated ownership costs in the area further sustain renter demand and pricing power for well-positioned assets.
Valley Village rates as competitive among Los Angeles-Long Beach-Glendale neighborhoods (rank 447 out of 1,441), with stabilized apartment occupancy of 95.6% and only modest softening over five years, based on CRE market data from WDSuite. A renter-occupied share around 60% indicates depth in the tenant base, which can support occupancy stability and lease retention for multifamily operators.
Local living fundamentals skew favorable for renters: grocery and dining access track in the upper national percentiles, while park and pharmacy density is thinner, which investors should weigh when positioning amenities and services. The ownership landscape is high cost relative to incomes (top national percentiles for home values and value-to-income), which tends to reinforce reliance on multifamily housing and can support pricing power and lease-up velocity.
Within a 3-mile radius, households have inched higher recently and are projected to rise further by 2028, with smaller average household sizes pointing to a larger rental customer base per unit of population. Rising median and mean incomes in the same radius expand the qualified renter pool, which, paired with a rent-to-income profile that remains comparatively manageable for the neighborhood, supports retention and reduces turnover risk.
Vintage context: the neighborhood’s average construction year trends older, while the subject’s 1985 build is somewhat newer than the local average. That positioning can be competitive versus older stock, though investors should still plan for targeted system upgrades and modernization to meet current renter expectations and drive value-add upside.
Safety indicators compare favorably in a national context. The neighborhood benchmarks in the higher national percentiles for overall and violent offense safety, placing it roughly top quartile nationally. Recent year-over-year estimates also indicate declining incident rates, suggesting improving conditions. As with any urban core location, trends can vary by micro-area and cycle, so investors should validate on-the-ground conditions and monitor momentum versus the broader Los Angeles metro.
Proximity to major media and telecom employers supports renter demand through commute convenience and diversified professional job bases. The following nearby offices anchor employment accessible from Valley Village: Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — corporate offices (4.0 miles)
- Charter Communications — telecom (4.1 miles)
- Disney — entertainment HQ (4.8 miles) — HQ
- Live Nation Entertainment — corporate offices (6.1 miles)
- Activision Blizzard Studios — media & entertainment (7.2 miles)
The 25-unit property at 12624 Burbank Blvd benefits from durable renter demand in a high-cost ownership submarket, where neighborhood occupancy holds in the mid-90s and renter-occupied housing is prevalent. According to CRE market data from WDSuite, elevated home values relative to incomes help sustain reliance on multifamily, while grocery and restaurant access in top national percentiles underpins daily convenience for residents.
Built in 1985, the asset is moderately newer than much of the surrounding stock, offering competitive positioning versus older buildings and potential to capture value through selective renovations and system updates. Within a 3-mile radius, projections point to more households by 2028 and higher household incomes, expanding the qualified renter pool and supporting occupancy stability and rent growth management over a longer hold.
- Occupancy in the mid-90s with a deep renter base supports steady leasing
- High-cost ownership market reinforces demand for professionally managed rentals
- 1985 vintage offers competitive positioning with value-add modernization upside
- 3-mile radius outlook shows growth in households and incomes, expanding the tenant pool
- Risks: thinner park/pharmacy density and typical urban variability warrant amenity planning and ongoing monitoring