| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 361 E Tujunga Ave, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | 1999-06-04 |
| Transaction Price | $2,050,000 |
| Buyer | MOONEY MICHAEL J |
| Seller | GANGI BUILDERS INC |
361 E Tujunga Ave Burbank Multifamily Investment
Urban core Burbank location with deep renter demand and strong amenity access supports neighborhood occupancy around 94%, according to WDSuite’s CRE market data. The combination of high ownership costs and a large renter-occupied housing base underpins durable leasing fundamentals.
Positioned in Burbank’s Urban Core, the property benefits from a neighborhood ranked 56 out of 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods—well above the metro median—with an A+ neighborhood rating. Dense amenities are a differentiator: restaurants and cafes index in the upper national percentiles, and childcare and pharmacies are also strong, supporting daily convenience and renter retention.
The neighborhood’s renter concentration is high, with 79% of housing units renter-occupied. For investors, that depth of renter-occupied units suggests a broad tenant base and stable demand for multifamily, even as the neighborhood occupancy rate has moderated slightly to 94% based on WDSuite’s multifamily property research.
Within a 3-mile radius, demographics indicate a stable population with a modest increase in households and smaller average household sizes over time—dynamics that typically support a larger tenant base. Median incomes have risen, and rents have trended upward, reinforcing leasing power while requiring attentive lease management where rent-to-income is elevated. Elevated home values locally point to a high-cost ownership market, which tends to sustain reliance on rental housing and supports occupancy stability.
The asset’s 1989 vintage is slightly newer than the area’s average construction year (1986). That positioning can be competitively favorable versus older stock; however, investors should plan for aging systems and targeted modernization to capture value-add upside and support rent growth in line with neighborhood performance.
Safety indicators compare favorably in a broader context. Neighborhood crime ranks above the metro median (608 of 1,441 within Los Angeles–Long Beach–Glendale), and national comparisons point to generally better-than-average conditions. Property-related incidents sit in a stronger national percentile with a recent decline, while violent incident measures are modestly above national averages. Overall, signals suggest conditions that are competitive in the region, though ongoing monitoring remains prudent for underwriting.
Proximity to major entertainment and corporate offices supports workforce-driven renter demand and commute convenience, notably from Disney, Charter Communications, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Disney — media & entertainment (2.1 miles) — HQ
- Charter Communications — telecommunications (2.6 miles)
- Radio Disney — media (2.9 miles)
- Avery Dennison — materials & labeling (3.3 miles) — HQ
- Live Nation Entertainment — live events & venues (6.0 miles)
361 E Tujunga Ave sits in a top-performing Burbank neighborhood with dense amenities, a large renter-occupied housing base, and neighborhood occupancy around 94%. High ownership costs in the area reinforce reliance on rental housing, supporting demand durability and pricing power relative to the metro. The 1989 vintage is slightly newer than the local average, offering competitive positioning with room for focused value-add work on aging systems and finishes.
Based on commercial real estate analysis from WDSuite, the submarket shows strong income growth and amenity access that favors renter retention, while rent-to-income levels call for thoughtful lease management. Proximity to major employers in entertainment and corporate services further underpins a steady tenant pipeline and leasing stability.
- Urban Core Burbank setting with high amenity density and above-metro neighborhood standing
- Large share of renter-occupied housing units supports depth of tenant demand and occupancy stability
- 1989 vintage offers competitive positioning versus older stock with selective value-add potential
- Employer proximity (Disney, Charter, Avery Dennison) supports leasing and retention
- Risk: elevated rent-to-income ratios require careful lease management and renewal strategy