| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 268 W Verdugo Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1987 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
268 W Verdugo Ave, Burbank Multifamily Opportunity
Renter demand is supported by a high neighborhood renter concentration and elevated ownership costs, according to WDSuite’s CRE market data. Expect steady leasing fundamentals driven by strong amenities and employment access in Burbank.
Located in Burbank’s Urban Core, the neighborhood ranks 56th out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, placing it in the top quartile locally for overall quality. Amenity access scores well above national averages, with strong density of restaurants, cafes, pharmacies, childcare, groceries, and parks—factors that typically support renter retention and day-to-day convenience.
Multifamily metrics at the neighborhood level point to a deep tenant base. The share of housing units that are renter-occupied is high (around 79%), which supports demand depth for professionally managed apartments. Neighborhood occupancy has held near 94% in recent readings; this is a neighborhood statistic, not the property’s performance, but it suggests stable leasing conditions for comparable assets.
Household incomes sit near the national middle while home values are elevated (upper-percentile nationally), a combination that typically sustains reliance on rental housing. In practice, a high-cost ownership market can bolster lease retention and pricing power for well-positioned multifamily, though operators should monitor rent-to-income dynamics for affordability pressure and renewal risk.
Within a 3-mile radius, recent trends show essentially flat population but a modest increase in households and a gradual decline in average household size. That pattern often indicates more one- and two-person households entering the market, which can expand the renter pool and support occupancy stability for smaller and mid-size units. These dynamics, based on CRE market data from WDSuite, are constructive for sustained multifamily demand.
Safety indicators are generally above national averages, with neighborhood-level measures showing stronger standing nationally than many peer areas. Property offenses have trended down over the last year, which is a positive signal for operating stability and perception.
At the same time, recent readings show an uptick in violent-offense measures. In metro context, the area is competitive among Los Angeles-Long Beach-Glendale neighborhoods rather than a clear outlier. Investors should underwrite with standard precautions (lighting, access control, and resident engagement) and track trendlines rather than single-year readings, using the metro total of 1,441 neighborhoods as the comparative backdrop for rank-based metrics.
The area draws on a concentrated entertainment and corporate services employment base that supports commuter convenience and steady renter demand. Notable nearby employers include Disney, Radio Disney, Charter Communications, Avery Dennison, and Live Nation Entertainment.
- Disney — entertainment & media (1.2 miles) — HQ
- Radio Disney — entertainment & media (2.1 miles)
- Charter Communications — telecommunications (2.7 miles)
- Avery Dennison — materials & packaging (3.4 miles) — HQ
- Live Nation Entertainment — entertainment (5.1 miles)
This 27-unit asset benefits from a renter-heavy neighborhood, strong amenity access, and neighborhood occupancy readings near the mid-90s. Elevated home values in Burbank relative to incomes reinforce the renter pool, while proximity to major employers supports day-to-day leasing and renewal prospects. According to CRE market data from WDSuite, amenity density and upper-percentile housing metrics compare favorably to national benchmarks, suggesting durable demand for well-managed multifamily.
Within a 3-mile radius, households are increasing and average household size is edging down, which typically expands the renter pool and supports occupancy stability for a mix of unit types. Key underwriting considerations include managing rent-to-income affordability pressure and monitoring safety trendlines, even as property-crime readings have improved.
- Renter-heavy neighborhood and strong amenities support stable leasing
- Elevated ownership costs in Burbank reinforce reliance on rentals
- 3-mile household growth and smaller household sizes expand the tenant base
- Proximity to major employers underpins demand and retention
- Risks: affordability pressure (rent-to-income) and mixed safety trendlines