| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 318 E Tujunga Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
318 E Tujunga Ave, Burbank CA Multifamily Investment
Neighborhood occupancy near 94% and a high renter concentration indicate a deep tenant base for stabilized leasing, according to CRE market data from WDSuite. These are neighborhood metrics, not property performance, and they frame demand drivers for this address in Burbank’s urban core.
Situated in Burbank’s Urban Core, the property benefits from a neighborhood rated A+ and ranked 56 out of 1,441 within the Los Angeles-Long Beach-Glendale metro—competitive among Los Angeles-Long Beach-Glendale neighborhoods. The area is amenity-rich, with restaurants and cafes in the top national percentiles and strong access to groceries, pharmacies, parks, and childcare, supporting renter convenience and day-to-day livability.
Renter-occupied housing comprises roughly 79% of neighborhood units, signaling a deep pool of prospective tenants and reinforcing multifamily demand. Neighborhood occupancy is about 94%, which, while a metro-specific figure, generally supports leasing stability for professionally managed assets in similar locations. Median school ratings in the area trend modest (around 3.0 out of 5; above many neighborhoods nationally), so investors should underwrite marketing and amenity strategies that resonate with a broad renter profile rather than being school-dependent.
Within a 3-mile radius, demographics show a stable population base with households increasing and forecast to expand further by 2028, pointing to ongoing renter pool expansion. Income levels have trended higher and are projected to grow, which typically supports rent growth potential and renewal capture. Median home values are elevated versus national benchmarks, indicating a high-cost ownership market that can sustain reliance on multifamily housing and support pricing power for well-positioned assets.
Vintage context: the property’s 1989 construction is slightly newer than the neighborhood average (1986). That positioning can offer a competitive edge versus older stock while still leaving room for targeted modernization (building systems, interiors, common-area updates) to drive rent premiums and retention.
Neighborhood safety indicators are generally favorable compared with national norms. Overall crime performance sits above the national median, and property offense rates align with the top quartile nationally, which supports resident retention and leasing stability in comparable assets.
Trends are mixed: property offense estimates improved year over year, while violent offense metrics ticked up. Investors should review recent comps and on-the-ground context at the block and corridor level, but metro-relative standing remains competitive among Los Angeles-Long Beach-Glendale neighborhoods.
The employment base nearby is anchored by media and corporate offices, supporting workforce housing demand and commute convenience for renters. Notable employers include Disney, Charter Communications, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Disney — media & entertainment (2.0 miles) — HQ
- Charter Communications — telecommunications (2.6 miles)
- Radio Disney — media offices (2.8 miles)
- Avery Dennison — materials manufacturing (3.2 miles) — HQ
- Live Nation Entertainment — live events & entertainment (5.9 miles)
318 E Tujunga Ave offers exposure to a high-amenity Burbank location with a renter-heavy housing stock and neighborhood occupancy around 94%, supporting steady demand and leasing visibility. Elevated home values relative to national benchmarks suggest a high-cost ownership market, which tends to reinforce renter reliance on multifamily housing. The 1989 vintage is slightly newer than the neighborhood average, providing a platform for targeted value-add through systems updates and interior/common-area enhancements.
According to CRE market data from WDSuite, the surrounding neighborhood ranks competitively within the Los Angeles-Long Beach-Glendale metro and shows strong access to daily conveniences (dining, childcare, parks, and services). Within a 3-mile radius, projected household growth and rising incomes point to a larger tenant base over the next several years, supporting occupancy stability and prudent rent optimization, with attention to affordability management and renewal strategy.
- Renter-dense neighborhood and ~94% neighborhood occupancy support depth of demand and leasing stability.
- Amenity-rich Urban Core location with top-tier access to restaurants, groceries, childcare, and parks.
- 1989 vintage slightly newer than area average, enabling targeted value-add and modernization to drive premiums.
- High-cost ownership context sustains renter reliance, aiding pricing power for well-positioned assets.
- Risks: affordability pressure (rent-to-income considerations) and mixed safety trends warrant thoughtful lease and asset management.