LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,854
Monthly Cash Flow
-$3,745
Principal + Equity
$7,458
Annual Total Gain
$44,549
Cash on Cash
-15.49%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Healthiest Cities in America
#15out of 229 markets
Healthiest Places to Live in America
#15out of 230 markets
Best Cities for Outdoor Activities in America
#14out of 229 markets
A-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Burbank, CA.
In Burbank, CA, short term rentals (STRs) are regulated by the city's Municipal Code. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Registration: All STR operators in Burbank are required to register with the city and obtain a permit before renting out their property. This includes providing proof of insurance and paying a registration fee.
2. Zoning restrictions: STRs are only allowed in certain zoning districts in Burbank. Investors should check the city's zoning map to ensure that the property they are interested in purchasing is located in a zone where STRs are permitted.
3. Occupancy limits: The city of Burbank has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them when renting out their property.
4. Noise and nuisance regulations: STR operators in Burbank are required to comply with noise and nuisance regulations to ensure that their guests do not disturb neighbors. This includes restrictions on noise levels and behavior that may disrupt the peace and quiet of the neighborhood.
5. Transient Occupancy Tax (TOT): All STR operators in Burbank are required to collect and remit TOT to the city. This tax is levied on the rental amount charged to guests and must be paid on a regular basis.
6. Enforcement: The city of Burbank actively enforces its STR regulations and has penalties in place for operators who violate the rules. Investors should be aware of the consequences of non-compliance and ensure that they are following all regulations.
Overall, investors looking to purchase a property for short term rental purposes in Burbank should familiarize themselves with the city's regulations and ensure that they are in compliance with all requirements before renting out their property.
Market Trends Over Time
Explore 25 years of market data for Burbank, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Burbank, CA.
The LTR Genie Score of Burbank, CA is 47, indicating a moderate level of rentability for long-term rental properties. This score is influenced by the LTR Rent Growth Rate of 0.0445% and the LTR Net ROI of 15.35%. On the other hand, the STR Genie Score is 59, suggesting a higher level of rentability for short-term rental properties. This score is supported by the higher STR Net ROI of 16.08% and the STR Occupancy rate of 76.67.
Burbank, CA is a popular city known for its entertainment industry and close proximity to major attractions like Universal Studios and Warner Bros. Studios. This can attract both long-term and short-term renters looking for a convenient location.
Based on the metrics provided, Burbank, CA seems to be more attractive for short-term rental investments due to the higher STR Genie Score and Net ROI. With a strong occupancy rate and revenue potential, investors may find success in the short-term rental market in this area. However, long-term rental investments can still be viable with a moderate LTR Genie Score and positive Net ROI. Ultimately, investors should consider their investment goals and risk tolerance when deciding between long-term and short-term rental properties in Burbank, CA.
LTR Genie Score 64
$499,999
🛏 2 Beds🛁 2.0000 Baths🏙 960 sqft.🏠 TOWNHOUSE
1620 N San Fernando Blvd APT 27, Burbank, CA 91504
