| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 151 E Verdugo Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1995 |
| Units | 121 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
151 E Verdugo Ave, Burbank CA Multifamily Investment
Positioned in Burbank’s Urban Core, the property benefits from a renter-heavy neighborhood and steady neighborhood occupancy around 94% — metrics reflect the neighborhood, not the property — according to WDSuite’s CRE market data. This location offers durable demand supported by strong amenities and major employment nodes, aiding income stability for well-managed assets.
Burbank’s Urban Core shows broad-based fundamentals that are competitive among Los Angeles-Long Beach-Glendale, CA neighborhoods (ranked 56 of 1,441). Amenity access scores high nationally, with dense dining, cafes, groceries, parks, and pharmacies — the kind of daily convenience that supports leasing velocity and resident retention, per WDSuite’s commercial real estate analysis.
The neighborhood skews renter-oriented, with a high share of housing units that are renter-occupied (neighborhood metric), indicating a deep tenant base and consistent absorption potential for multifamily. Within a 3-mile radius, households have grown in recent years and are projected to expand further, pointing to a larger tenant pool and supportive demand for professionally managed rentals. Income levels in the 3-mile radius have trended upward and are forecast to continue rising, which can underpin pricing power when balanced against local affordability.
Home values in the neighborhood sit at elevated levels relative to national markets, which typically sustains reliance on multifamily housing. Neighborhood median rents are also above the national median, reinforcing the need for careful pricing and lease management. Average school ratings are mid-range, which can appeal to a broad renter profile while keeping focus on value, convenience, and commute efficiency.
Vintage context: the asset’s 1995 construction is newer than the neighborhood average vintage of 1986. That positioning can be competitive versus older stock while still warranting targeted modernization of interiors and building systems to maintain standing against newer deliveries.
Neighborhood safety indicators compare favorably to many areas nationwide, with overall crime sitting above the national median for safety (higher percentile indicates safer) based on WDSuite’s data. Recent trends show property offenses declining year over year in the neighborhood, which supports day-to-day livability and can aid resident retention.
Violent offense measures remain better than the national midpoint but have ticked up in the most recent year, suggesting investors should maintain standard security, lighting, and access-control best practices. As always, these are neighborhood-level statistics rather than property-specific conditions.
Proximity to major studios and corporate offices provides a strong employment base that supports renter demand and commute convenience. Nearby anchors include Disney, Charter Communications, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Disney — entertainment HQ (1.8 miles) — HQ
- Charter Communications — telecommunications (2.6 miles)
- Radio Disney — media (2.7 miles)
- Avery Dennison — materials & labeling (3.2 miles) — HQ
- Live Nation Entertainment — live entertainment offices (5.7 miles)
151 E Verdugo Ave is positioned in a renter-oriented pocket of Burbank with high neighborhood amenity access and competitive fundamentals within the Los Angeles metro. According to CRE market data from WDSuite, neighborhood occupancy remains solid and the renter-occupied share is high, supporting depth of tenant demand. Elevated ownership costs in the area tend to reinforce multifamily reliance, while sustained household and income growth within a 3-mile radius point to ongoing renter pool expansion.
Constructed in 1995, the asset is newer than the neighborhood average, offering relative competitiveness versus older stock. Targeted value-add and systems modernization can further differentiate the property against recent renovations and newer deliveries. Key watch items include affordability pressure (given rent-to-income dynamics) and standard leasing risk management during market soft patches.
- Renter-heavy neighborhood supports stable absorption and retention
- Strong amenity density and major employers bolster leasing fundamentals
- 1995 vintage offers competitive positioning with value-add upside
- Household and income growth within 3 miles expand the tenant base
- Risk: affordability pressure and episodic market softness require disciplined pricing and renewals