| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 225 W Verdugo Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1986 |
| Units | 42 |
| Transaction Date | 2011-04-28 |
| Transaction Price | $7,985,000 |
| Buyer | C&P Properties #1 LP |
| Seller | David F Freeman |
225 W Verdugo Ave, Burbank Multifamily Investment
Stabilized renter demand in an Urban Core pocket of Burbank, with neighborhood occupancy near the mid-90s and strong amenity access, according to WDSuite’s CRE market data.
Burbank’s Urban Core scores well on livability and renter appeal. Amenity access ranks strongly within the Los Angeles-Long Beach-Glendale metro (amenities rank 64 among 1,441 neighborhoods) and sits in the mid-90s nationally, with dense restaurant and cafe options, solid grocery coverage, and convenient pharmacies. This concentration supports day-to-day convenience for residents and enhances leasing velocity.
The neighborhood’s renter-occupied housing share is elevated (79% of units are renter-occupied), signaling a deep tenant base and consistent multifamily demand. Neighborhood occupancy is about 94%, a level that supports income stability even as conditions have eased slightly in recent years. Median contract rents sit above national norms, reinforcing pricing power while necessitating attentive affordability and retention management.
Within a 3-mile radius, household counts have expanded modestly in recent years and are projected to grow further, while average household size trends slightly lower. This combination points to a larger renter pool and healthy absorption potential for well-positioned units. Educational attainment is above national averages, which aligns with the area’s professional employment base and supports steady Class B/B+ demand profiles.
Average school ratings are around 3 out of 5, indicating adequate options for residents. Parks access trends well above national medians, providing quality-of-life features that aid lease retention. Taken together, these factors position the location as competitive among Los Angeles neighborhoods for sustained multifamily performance.
Safety indicators for the neighborhood are generally above national medians. Overall crime performance is above the metro median (crime rank 608 among 1,441 Los Angeles neighborhoods), and national comparisons place the area around the low-60s percentile for safety, indicating a comparatively safer profile than many urban districts nationwide.
Recent trends are mixed: estimated property offenses have declined meaningfully year over year (top quartile nationally), while estimated violent offenses increased over the same period. Investors should underwrite with current, block-to-block diligence, but the broader trajectory suggests improving property crime alongside a need for standard urban risk management.
Proximity to major entertainment and corporate offices underpins renter demand and lease retention for workforce and professional tenants. Key nearby employers include Disney, Radio Disney, Charter Communications, Avery Dennison, and Live Nation Entertainment.
- Disney — entertainment studios (1.3 miles) — HQ
- Radio Disney — media offices (2.2 miles)
- Charter Communications — telecommunications (2.6 miles)
- Avery Dennison — materials manufacturing (3.4 miles) — HQ
- Live Nation Entertainment — live entertainment (5.3 miles)
This 42‑unit asset benefits from a location that pairs strong amenity density with a renter-heavy housing stock, supporting consistent tenant demand. Neighborhood occupancy is around 94%, and rents sit above national levels, which can translate to resilient collections and measured pricing power. Elevated ownership costs in the area further sustain reliance on rental housing, while the local professional employment base supports steady leasing.
According to CRE market data from WDSuite, the neighborhood rates competitively within the Los Angeles metro and in high national percentiles for amenities. Within a 3-mile radius, forecasts point to growth in households and rising incomes, expanding the potential renter pool. Underwriting should still account for typical Urban Core risks and affordability pressure, but the combination of demand depth and location fundamentals presents a durable long-term thesis.
- Renter-heavy housing stock and mid-90s neighborhood occupancy support stable cash flow
- High amenity access and proximity to major employers bolster leasing and retention
- Household growth and income gains within 3 miles expand the tenant base
- Elevated ownership costs reinforce sustained demand for multifamily units
- Risks: affordability pressure (rent-to-income) and mixed safety trends typical of Urban Core markets