| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 278 W Verdugo Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1990 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
278 W Verdugo Ave Burbank Multifamily Investment
This 35-unit property benefits from strong neighborhood rental demand, with 79% of local housing units renter-occupied and commercial real estate analysis indicating occupancy rates near 94%.
Located in an Urban Core neighborhood rated A+, this property sits in the top quartile nationally for amenities and housing metrics among 1,441 Los Angeles metro neighborhoods. The area demonstrates strong renter demand fundamentals, with 79% of housing units renter-occupied—ranking in the 99th percentile nationally for rental share.
Demographics within a 3-mile radius show household income growth of 70% over five years, with median household income reaching $94,360. The area maintains balanced age distribution with 24% of residents aged 18-34 and 41% aged 35-64. Population forecasts indicate 1.7% growth through 2028, supporting continued rental demand as household formation outpaces new housing supply.
The neighborhood offers exceptional amenity density, ranking in the 96th percentile nationally for cafes and 100th percentile for childcare facilities. Restaurant density ranks 52nd among metro neighborhoods, while grocery access remains strong. These amenities support tenant retention and appeal to working professionals in nearby entertainment and technology sectors.
Built in 1990, the property aligns with neighborhood construction patterns and presents potential value-add opportunities through targeted capital improvements. Current neighborhood occupancy of 94% with median rents of $1,803 suggests stable operating fundamentals, though investors should monitor rent-to-income ratios that rank in the lower percentiles nationally.
Property crime rates in the neighborhood rank 40th among 1,441 Los Angeles metro neighborhoods, placing it in the 85th percentile nationally for property crime safety. Recent trends show a 30% decline in property offense rates year-over-year, indicating improving conditions for residents and property values.
Violent crime metrics show moderate performance, with rates ranking 483rd among metro neighborhoods or the 58th percentile nationally. While violent offense rates increased 33.9% year-over-year, the overall crime profile remains competitive within the greater Los Angeles market context.
The property benefits from proximity to major entertainment and technology employers, providing workforce housing for professionals in stable industries with strong compensation levels.
- Disney — entertainment & media headquarters (1.2 miles) — HQ
- Radio Disney — broadcasting & media (2.1 miles)
- Charter Communications — telecommunications (2.7 miles)
- Avery Dennison — industrial materials headquarters (3.4 miles) — HQ
The 35-unit property constructed in 1990 presents a balanced investment profile in a high-amenity Urban Core neighborhood. According to multifamily property research from WDSuite, the area maintains 94% occupancy with 79% of housing units renter-occupied—among the highest rental concentrations nationally. Demographic trends within the 3-mile radius show substantial household income growth of 70% over five years, supporting rent growth potential despite current affordability pressures.
The property's 1990 vintage aligns with neighborhood norms while offering value-add potential through strategic capital improvements. Proximity to Disney headquarters and other major employers provides workforce housing demand, though investors should consider rent-to-income ratios that currently challenge affordability and may impact renewal rates.
- Strong rental market fundamentals with 79% renter occupancy ranking 99th percentile nationally
- Proximity to Disney headquarters and entertainment industry employers supports workforce housing demand
- A+ rated neighborhood with top-quartile amenity density and improving property crime trends
- Value-add potential through capital improvements on 1990-vintage property
- Risk consideration: Rent-to-income ratios may pressure renewal rates and require careful lease management