| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 453 E Verdugo Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | 1997-04-14 |
| Transaction Price | $1,480,000 |
| Buyer | CLARION ISLAND GROUP LLC |
| Seller | SCHULTZ VERDUGO INVESTMENTS |
453 E Verdugo Ave, Burbank Multifamily Investment
Positioned in an A+‑rated Urban Core pocket of Burbank, the asset benefits from steady renter demand and above‑average neighborhood occupancy, according to WDSuite’s CRE market data. Investors should view this location as a renter-driven submarket where stability is supported by strong amenities and employment access.
This Burbank neighborhood ranks in the top quartile among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods, reflecting strong fundamentals for multifamily. Amenity access is a clear differentiator, with neighborhood amenities and daily-needs retail placing in high national percentiles—supportive of leasing velocity and retention.
Local convenience is robust: restaurants and cafes score near the top nationally, and pharmacies, groceries, parks, and childcare density are also high. These patterns typically translate into competitive renter appeal and fewer lifestyle trade-offs, bolstering occupancy stability relative to less amenitized submarkets.
Neighborhood rents sit on the higher side versus U.S. norms, while occupancy is above national averages—signals of durable demand rather than oversupply, based on CRE market data from WDSuite. Within a 3‑mile radius, households have increased modestly with forecasts pointing to further household growth and slightly smaller average household size, which can expand the renter pool and support steady absorption.
Tenure dynamics are favorable for multifamily: within a 3‑mile radius, a majority of housing units are renter‑occupied, indicating a deep tenant base and consistent lease‑up prospects. Elevated home values in the neighborhood relative to national benchmarks also reinforce reliance on rental housing, supporting pricing power while suggesting careful attention to affordability management.
Schools trend around mid-range quality on average at the neighborhood level, adequate for broad appeal though not a primary driver. Overall, the combination of top-tier amenity access, strong renter concentration, and metro-competitive standing creates a resilient backdrop for multifamily operations.
Safety indicators are competitive in a metro context and slightly better than national averages overall. The neighborhood’s crime profile places it above the U.S. midpoint (higher percentile indicates safer), suggesting comparatively supportive conditions for resident satisfaction and retention versus many urban peers.
Recent trends are mixed: estimated property offenses show a notable year‑over‑year decline, while estimated violent offenses rose over the same period. Interpreted together, this points to generally stable day‑to‑day conditions with an emphasis on ongoing monitoring rather than alarm. Rankings are measured against 1,441 metro neighborhoods and national percentiles reflect comparisons to neighborhoods across the country.
Proximity to major entertainment and corporate employers underpins workforce housing demand and short commutes, supporting leasing and retention for multifamily. Nearby anchors include Disney, Charter Communications, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Disney — entertainment HQ (2.2 miles) — HQ
- Charter Communications — telecommunications offices (2.7 miles)
- Radio Disney — media offices (3.0 miles)
- Avery Dennison — materials & packaging HQ (3.2 miles) — HQ
- Live Nation Entertainment — entertainment offices (6.1 miles)
The asset sits in a top‑tier Burbank location where occupancy trends are above national norms and amenities rank high nationally, supporting durable renter demand and pricing power. Within a 3‑mile radius, a majority renter‑occupied housing mix and projected household growth point to a larger tenant base over time, aiding leasing stability and renewal potential. Elevated neighborhood home values relative to U.S. levels favor continued reliance on multifamily options, while rent-to-income levels suggest prudent revenue management to balance retention and growth.
According to CRE market data from WDSuite, neighborhood operating metrics are competitive in the metro, and amenity density compares favorably to national benchmarks—factors that typically support occupancy resilience. Forward-looking household gains, combined with strong employer access, make the area attractive for long-term multifamily holds, with the main risk centered on affordability pressures that require disciplined lease management.
- Metro-top-quartile neighborhood with high amenity access supporting renter appeal
- Above-national occupancy and strong renter concentration underpin demand depth
- Household growth within 3 miles and major nearby employers support leasing stability
- Elevated ownership costs reinforce reliance on rentals, aiding pricing power
- Risk: higher rent-to-income ratios require careful retention and renewal strategy