| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 275 W Verdugo Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1985 |
| Units | 34 |
| Transaction Date | 2008-09-23 |
| Transaction Price | $7,262,500 |
| Buyer | BURBANK HOUSING CORPORATION |
| Seller | JAMCO HOLDINGS CORPORATION |
275 W Verdugo Ave Burbank Multifamily Investment
Positioned in a renter-heavy Burbank neighborhood with occupancy above the national median, this asset benefits from steady demand drivers and limited ownership alternatives, according to WDSuite’s CRE market data. The area’s strong amenities and proximity to major studios support leasing resilience for stabilized operations.
The property sits in Burbank’s Urban Core, an A+ rated neighborhood that ranks 56 out of 1,441 across the Los Angeles-Long Beach-Glendale metro — above the metro median overall, per WDSuite’s commercial real estate analysis. Neighborhood occupancy is in the 65th percentile nationally, indicating generally stable leasing conditions at the neighborhood level (not the property). A high renter-occupied share of housing units (about 79%) places the area near the top of metro peers and in the 99th percentile nationally, signaling deep tenant demand for multifamily product.
Local convenience is a differentiator: amenity access rates highly (95th percentile nationally), with restaurants (99th percentile), pharmacies (97th), cafes (96th), grocery (88th), parks (89th), and childcare density at the national high end. Average school ratings are around the 61st percentile nationally, providing a balanced family appeal within an urban setting. These access advantages typically support retention and leasing velocity for well-managed communities.
Within a 3-mile radius, demographics indicate a modest dip in population over the last five years alongside an increase in household count, pointing to smaller household sizes and a gradual shift that can expand the renter pool. Projections show continued household growth over the next five years, which would enlarge the tenant base and support occupancy stability if realized.
Ownership costs are elevated relative to incomes (national 97th percentile value-to-income ratio and 96th percentile home values), reinforcing reliance on rental housing and supporting pricing power for competitive units. At the same time, neighborhood rent-to-income sits at roughly 0.34 (low national percentile), which can introduce affordability pressure — an operational consideration for lease management rather than a demand shortfall. NOI per unit trends in the upper national quartile locally, suggesting that comparable assets in this area often achieve above-average income performance relative to many U.S. neighborhoods.
Safety indicators are comparatively favorable in context: overall crime performance is above the metro median (ranked 608 out of 1,441 metro neighborhoods) and around the 62nd percentile nationally, based on WDSuite’s data. Property-related incidents are relatively low in a national comparison (about the 85th percentile for safety) and have improved year over year. Violent offense metrics trend near the national middle (around the 58th percentile for safety) with some recent variability; investors should monitor trendlines rather than single-year swings.
The immediate area draws from a concentrated entertainment and corporate employment base that supports multifamily renter demand through short commutes and stable white-collar payrolls. Key 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 (2.6 miles)
- Avery Dennison — packaging materials (3.4 miles) — HQ
- Live Nation Entertainment — live events and media (8.3 miles) — HQ
This 34-unit asset is positioned within an A+ Burbank neighborhood where renter concentration is among the highest in the metro and occupancy trends sit above the national median. Deep amenities, short commutes to major employers, and elevated ownership costs collectively support durable demand and pricing power for well-operated multifamily assets. According to CRE market data from WDSuite, neighborhood-level income performance trends in the upper national quartile, aligning with investor expectations for stabilized operations in core Los Angeles submarkets.
Demographic patterns within a 3-mile radius show a larger household base despite slight population softness, with projections indicating further household growth — a setup that can expand the tenant pool and support occupancy stability. The primary watch item is affordability pressure relative to incomes, which calls for disciplined lease management and amenity positioning rather than aggressive rent pushes.
- Renter-heavy neighborhood and above-median occupancy support steady multifamily demand
- Strong amenity density and proximity to major employers aid retention and leasing velocity
- Elevated home values sustain reliance on rental housing, reinforcing pricing power for competitive units
- Neighborhood income performance trends in upper national quartile, per WDSuite data
- Risk: rent-to-income pressure requires careful renewal strategy and targeted value delivery