| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 215 W Verdugo Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1986 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
215 W Verdugo Ave Burbank Multifamily Opportunity
Situated in a high-demand Burbank corridor, the asset benefits from a deep renter base and durable occupancy, according to WDSuite’s CRE market data, supporting consistent operations over the hold period.
Burbank’s Urban Core location delivers strong day-to-day convenience: neighborhood amenities rank competitively (top quartile among 1,441 metro neighborhoods), with dense restaurant and café coverage and solid access to groceries, pharmacies, and parks. These factors support tenant retention and reduce leasing friction for multifamily operators.
The neighborhood shows a high share of renter-occupied housing (neighborhood metric), signaling a large tenant pool and stable multifamily demand. Median home values sit in the upper tier nationally, which in practice sustains reliance on rental housing and can reinforce pricing power for well-maintained units. Rent-to-income levels indicate some affordability pressure, suggesting the need for thoughtful lease management and amenity-value alignment.
Within a 3-mile radius, households have grown even as population has been relatively flat, pointing to smaller household sizes and continued renter pool depth. WDSuite’s CRE market data indicates neighborhood NOI per unit trends are in the top quintile nationally, and occupancy is solid relative to national benchmarks, supporting income stability for professionally managed assets.
School ratings average around mid-range, adequate for a broad renter audience. Forward-looking neighborhood indicators point to steady renter demand supported by proximity to major employment nodes and services, positioning multifamily assets to compete effectively on livability and commute convenience.
Safety indicators are generally favorable compared with national norms: overall crime sits above the national median for safety (national percentile readings indicate comparatively safer conditions). Property-related offenses have declined year over year, which is supportive for resident sentiment and leasing, while violent-offense readings are closer to national midrange and warrant standard on-site security and lighting practices.
Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s crime rank places it competitive among peer areas without being a standout outlier; investors should monitor trends rather than a single data point. Framing risk at the neighborhood level—not the block—helps align underwriting assumptions with broader leasing dynamics.
The immediate area draws from entertainment, media, and corporate services employment, supporting a broad renter base and short commute profiles for residents. Key nearby employers include Disney, Radio Disney, Charter Communications, Avery Dennison, and Live Nation Entertainment.
- Disney — media & entertainment (1.4 miles) — HQ
- Radio Disney — media & entertainment (2.2 miles)
- Charter Communications — telecommunications (2.6 miles)
- Avery Dennison — materials & packaging (3.4 miles) — HQ
- Live Nation Entertainment — live entertainment (5.3 miles)
The 22-unit property built in 1986 sits in a top-tier Burbank neighborhood with strong amenity access and a high concentration of renter-occupied housing units, supporting a durable tenant base. Elevated ownership costs in the area help sustain multifamily demand, while neighborhood occupancy and NOI per unit compare well against national benchmarks, according to CRE market data from WDSuite. The 1986 vintage suggests potential value-add through systems modernization and interior upgrades, with the location fundamentals helping backfill units and support rent trade-outs when improvements are executed thoughtfully.
Within a 3-mile radius, household counts are rising and average household size is trending lower, indicating a stable or expanding renter pool that can underpin leasing velocity and renewal capture. Proximity to anchor employers in entertainment and corporate services further diversifies demand drivers. Key risks include rent-to-income pressure that requires prudent renewal strategies and vigilant expense control, as well as monitoring of neighborhood safety trends to maintain resident confidence.
- Urban Core Burbank location with top-quartile metro amenities and strong day-to-day convenience
- Large renter-occupied housing share supports depth of tenant demand and occupancy stability
- 1986 vintage offers value-add potential via targeted renovations and systems upgrades
- Nearby media and corporate employers underpin leasing and retention across unit mixes
- Risk: rent-to-income pressure and midrange safety metrics call for disciplined renewal and operations management