| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 345 E Verdugo Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
345 E Verdugo Ave Burbank Multifamily Investment
Positioned in Burbank’s urban core, this 20-unit asset benefits from a deep renter base and steady neighborhood occupancy, according to WDSuite’s CRE market data. Investors evaluating pricing power will note strong amenity access that supports leasing and retention.
The property sits in an A+–rated, Urban Core neighborhood that is competitive among Los Angeles–Long Beach–Glendale neighborhoods (ranked 56th of 1,441). Neighborhood occupancy trends are solid and sit above national medians, and the share of housing units that are renter-occupied is high at the neighborhood level, signaling depth in the tenant base and consistent multifamily demand.
Amenity access is a standout. The area ranks 64th of 1,441 metro neighborhoods on overall amenities and lands in the 95th percentile nationally. Restaurant density is in the 99th percentile nationwide, with cafes (96th percentile), pharmacies (97th), grocery options (88th), and parks (89th) also comparing favorably—factors that typically support renter satisfaction and reduce turnover.
Within a 3-mile radius, demographics indicate a stable population with a modest increase in households over the last five years, pointing to smaller average household sizes and a gradually expanding renter pool. Looking forward, households are projected to continue rising within this 3-mile catchment, which should support occupancy stability and leasing velocity for well-positioned multifamily assets.
Home values in the neighborhood rank in the 96th percentile nationally and value-to-income sits in the 97th percentile, reflecting a high-cost ownership market. For investors, elevated ownership costs tend to sustain reliance on rental housing, bolstering demand depth. At the same time, neighborhood rent levels are relatively high and rent-to-income is elevated compared with national norms, warranting attentive lease management to mitigate affordability pressure and retention risk.
School quality averages roughly middle-to-above-median performance (61st percentile nationally). While not the primary driver for this urban location, access to everyday services and transit-oriented conveniences remains a core appeal for renters and supports the multifamily thesis in this submarket based on commercial real estate analysis from WDSuite.
Safety indicators for the neighborhood compare modestly better than national medians overall (around the 62nd percentile nationwide). Within the Los Angeles–Long Beach–Glendale metro, the area performs near the middle of the pack among 1,441 neighborhoods, indicating neither an outlier risk nor a top-tier position.
Property offense estimates have moved lower year over year, putting the neighborhood in a stronger position versus national peers. Violent offense estimates show a recent year-over-year uptick, so investors should monitor trends and align security, lighting, and access controls with operating plans.
Proximity to major media and telecom employers underpins renter demand, offering short commutes and diversification across entertainment and corporate services. Nearby anchors include Disney, Charter Communications, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Disney — media & entertainment (2.0 miles) — HQ
- Charter Communications — telecom (2.7 miles)
- Radio Disney — media (2.9 miles)
- Avery Dennison — manufacturing & materials (3.2 miles) — HQ
- Live Nation Entertainment — entertainment (5.9 miles)
345 E Verdugo Ave offers exposure to a dense, amenity-rich Burbank location where neighborhood occupancy is healthy and the renter-occupied share of housing units is high, supporting a durable tenant base. Elevated home values versus incomes indicate a high-cost ownership market, which tends to sustain multifamily demand. According to CRE market data from WDSuite, the area’s amenity access ranks among the metro’s stronger neighborhoods and compares well nationally—tailwinds for lease retention and day-to-day livability.
Built in 1987, the asset may benefit from targeted modernization to enhance competitiveness versus newer stock and to unlock value-add potential through common-area updates and in-unit finishes. While rent levels are comparatively high and rent-to-income is elevated versus national norms—an affordability pressure that calls for deliberate renewal strategies—3-mile household growth and strong employer proximity support steady leasing fundamentals over the long term.
- Dense, amenity-rich urban location that supports renter demand and retention
- Healthy neighborhood occupancy and high renter-occupied share underpin tenant base depth
- 1987 vintage with value-add upside through modernization and selective capex
- Strong employer proximity (media and corporate services) supports leasing stability
- Risk: elevated rent-to-income levels may pressure renewals; proactive lease management recommended