| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 454 E Tujunga Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | 1999-07-12 |
| Transaction Price | $1,760,000 |
| Buyer | SCOTT RAPHAEL W |
| Seller | SCHULTZ TUJUNGA INVESTMENTS |
454 E Tujunga Ave Burbank Multifamily Investment
The neighborhood maintains 94% occupancy with strong renter demand supported by nearby Disney headquarters and major corporate employers. According to WDSuite's CRE market data, the area ranks in the top quartile nationally for amenity access and tenant retention fundamentals.
This Burbank neighborhood ranks 56th among 1,441 Los Angeles metro neighborhoods, placing it in the top quartile for overall investment fundamentals. The area maintains a 94% neighborhood-level occupancy rate with 79% of housing units occupied by renters, indicating strong rental market dynamics. Median contract rents of $1,803 have grown 23% over five years, outpacing many comparable submarkets.
Demographics within a 3-mile radius show a stable tenant base of 122,400 residents across 47,850 households, with median household income of $95,251. Population growth remains modest at 1.7% over five years, while household formation increased 2.8%, supporting rental demand. The area's 57% renter share creates a substantial tenant pool, with projected household growth of 31% by 2028 indicating expanding renter demand.
Built in 1986, this property aligns with the neighborhood's average construction year, minimizing obsolescence risk while offering potential value-add opportunities through targeted renovations. The urban core location provides exceptional amenity density, ranking in the 95th percentile nationally for retail and service access. Home values averaging $840,410 represent a 99% price appreciation over five years, potentially keeping households in the rental market longer and supporting tenant retention.
The neighborhood's rent-to-income ratio of 0.34 suggests manageable housing costs for tenants, while NOI per unit averages $10,099, ranking in the 80th percentile nationally. School ratings average 3.0 out of 5, competitive among metro neighborhoods and supporting family tenant appeal.
The neighborhood demonstrates moderate safety metrics, ranking 608th out of 1,441 Los Angeles metro neighborhoods for overall crime levels, placing it above the metro median. Property crime rates have declined 30% year-over-year, indicating improving conditions that support tenant retention and leasing stability.
Violent crime rates remain competitive among metro neighborhoods at 20.2 incidents per 100,000 residents, though these rates increased 34% over the past year. Investors should monitor local safety trends and consider security enhancements as part of capital planning to maintain competitive positioning and tenant appeal.
The surrounding employment base centers on major corporate headquarters and media companies that provide stable workforce housing demand for rental properties in the area.
- Disney — entertainment & media (2.2 miles) — HQ
- Charter Communications — telecommunications (2.7 miles)
- Radio Disney — media & broadcasting (3.0 miles)
- Avery Dennison — materials & manufacturing (3.2 miles) — HQ
- Live Nation Entertainment — entertainment services (6.1 miles)
This 20-unit Burbank property offers stable cash flow potential in a neighborhood that ranks in the top quartile among Los Angeles metro areas for investment fundamentals. The 94% neighborhood-level occupancy rate and 79% renter share indicate strong rental market dynamics, while proximity to Disney headquarters and other major employers supports consistent tenant demand. According to CRE market data from WDSuite, the area's NOI per unit averaging $10,099 places it in the 80th percentile nationally.
Demographic projections within a 3-mile radius show household growth of 31% by 2028, expanding the potential tenant base while median household income is forecast to increase 39% to $132,398. The 1986 construction year aligns with neighborhood norms while offering value-add renovation opportunities to capture higher rents. Home values averaging $840,410 may keep potential buyers in the rental market, supporting tenant retention and occupancy stability.
- Strong occupancy fundamentals with 94% neighborhood-level rates and substantial renter share
- Proximity to Disney headquarters and major corporate employers supporting workforce housing demand
- Projected 31% household growth by 2028 expanding the tenant pool within 3-mile radius
- Value-add potential through renovations of 1986-vintage units to capture rent premiums
- Risk consideration: Violent crime rates increased 34% year-over-year requiring monitoring