Burbank Apartment Building Sales

Burbank Multifamily Market Overview

Burbank is the media capital of Los Angeles, where Walt Disney Studios, Warner Bros. Discovery, and Netflix's Burbank offices create a unique employment-driven rental market that commands the highest per-unit pricing in the Glendale-Pasadena-Burbank corridor. Across 11 closed transactions totaling $34.5M in volume, the LAAA Team has documented an average cap rate of 4.29% and an average price per unit of $533K.

The city's lower-density residential neighborhoods along Olive Avenue, Magnolia Boulevard, and in the blocks surrounding the Burbank Town Center attract entertainment industry professionals willing to pay premium rents for short commutes to studio lots. Unlike the LA city RSO, Burbank operates as an independent city subject to AB 1482 statewide rent protections, which many investors view as a more favorable regulatory environment.

Burbank's apartment stock tends toward smaller, lower-density buildings of 4-16 units on quiet residential streets, reflecting the city's strict zoning that limits new construction density. This supply constraint, combined with entertainment industry employment growth, has driven per-unit pricing to levels that rival Santa Monica and West LA. The Burbank Airport, Metrolink station, and proximity to the 5 and 134 freeways add transportation convenience that broadens the tenant pool.

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