| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 301 E Verdugo Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
301 E Verdugo Ave Burbank Multifamily Investment
Neighborhood fundamentals point to durable renter demand and above-average occupancy stability for Burbank s urban core, according to WDSuite s CRE market data. Elevated ownership costs nearby support pricing power while proximity to major employers underpins lease retention.
Situated in Burbank s Urban Core, the neighborhood ranks 56 out of 1,441 metro neighborhoods (A+), placing it firmly in the top quartile locally. Amenity access is a standout: dining density sits in the 99th percentile nationally, with strong showings for pharmacies (97th), cafes (96th), parks (89th), and childcare (100th). For investors, this depth of daily-needs and lifestyle amenities helps sustain renter interest and supports leasing velocity.
Neighborhood occupancy is above national norms and has been relatively steady, supporting income durability at the submarket level. The share of housing units that are renter-occupied is very high, indicating a deep tenant base for multifamily assets in this pocket of Los Angeles County. Median asking rents in the area track well above national levels, reflecting the market s positioning and reinforcing the need for attentive lease management.
The property s 1989 vintage is slightly newer than the neighborhood s average build year. That positioning can offer a competitive edge versus older stock, while still warranting targeted capital planning for aging systems or value-add finishes to meet current renter preferences.
Within a 3-mile radius, population has edged higher and households have grown, with forecasts calling for a meaningful increase in household count alongside a modest decline in average household size. Together, these trends point to a larger tenant base and steady demand for rental units, supporting occupancy stability over the medium term.
Home values in the neighborhood are among the highest nationally, and the value-to-income ratio ranks in the upper tier as well. This high-cost ownership environment tends to reinforce reliance on multifamily housing, which can support retention and pricing power, even as rent-to-income levels suggest prudent attention to affordability when managing renewals.
Neighborhood safety indicators are generally favorable relative to regional and national benchmarks. Overall crime performance sits above national averages, and the area ranks better than the metro median (608 out of 1,441) competitive among Los Angeles neighborhoods. Property-related incidents benchmark in a stronger national percentile, while violent offense measures sit modestly above national norms.
Recent trends are mixed: property offense estimates show improvement year over year, while violent offense metrics have ticked up. For investors, this suggests monitoring near-term trends and maintaining standard property-level security practices, while recognizing the area s comparative positioning remains solid in the metro context.
Proximity to major corporate offices anchors the renter base with strong entertainment and corporate services employment, supporting commute convenience and lease retention. Nearby employers include Disney, Charter Communications, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Disney entertainment (2.0 miles) HQ
- Charter Communications telecommunications (2.65 miles)
- Radio Disney media (2.84 miles)
- Avery Dennison materials & labeling (3.18 miles) HQ
- Live Nation Entertainment entertainment (5.90 miles)
This 32-unit asset at 301 E Verdugo Ave benefits from a top-tier Burbank location where amenity depth, high renter concentration, and occupancy levels above national norms support durable income. Elevated home values and a high value-to-income landscape reinforce reliance on multifamily housing, while nearby employers in entertainment and corporate services strengthen the day-to-day renter base. According to CRE market data from WDSuite, the neighborhood s positioning within the Los Angeles metro is competitive, with strong amenity and housing fundamentals.
Built in 1989, the property is slightly newer than the neighborhood average, offering relative competitiveness versus older stock. Targeted capital planning for building systems and interior finishes can unlock value-add potential. Within a 3-mile radius, modest population growth and a projected increase in household count, alongside smaller average household sizes, point to renter pool expansion and support for occupancy stability. Key risks to underwrite include affordability pressure relative to incomes and monitoring of local safety trends.
- High renter-occupied share and above-average neighborhood occupancy support income durability
- Amenity-rich Urban Core location with strong national percentiles for dining, childcare, and daily needs
- 1989 vintage offers competitive positioning with clear value-add and system-upgrade pathways
- 3-mile radius shows household growth and smaller sizes, indicating renter pool expansion and leasing support
- Risks: affordability pressure relative to incomes and mixed but monitorable safety trends