| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 536 E Tujunga Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
536 E Tujunga Ave, Burbank Multifamily Investment
Positioned in Burbank s Urban Core, this 20-unit asset benefits from steady neighborhood occupancy and deep renter demand, according to WDSuite s CRE market data. The area s high-cost ownership market supports leasing durability for well-managed units.
The property sits in a high-performing pocket of Burbank rated A+ and ranked 56th among 1,441 Los Angeles metro neighborhoods, placing it firmly in the top quartile locally. Neighborhood occupancy runs around the mid-90% range, signaling stable renter demand and supporting income consistency for multifamily operators.
Livability fundamentals are strong for an urban core location: restaurants and cafes rank in the upper percentiles nationally, and access to grocery, pharmacies, parks, and childcare also scores well above average. These amenity advantages help with leasing velocity and retention, particularly for professionals seeking convenience and short commutes.
Tenure dynamics indicate a deep renter base: the neighborhood s share of renter-occupied housing units is elevated (around four-fifths), suggesting a broad pool of prospective tenants and consistent absorption for appropriately positioned units. Median contract rents sit in the upper national percentiles and have trended upward over the past five years, aligning with resilient demand in this submarket.
Within a 3-mile radius, demographic data show a modest decline in total population but a recent increase in households, with forecasts calling for further household growth. This pattern typically reflects smaller household sizes and can expand the renter pool, supporting occupancy stability. Elevated home values relative to national norms point to a high-cost ownership market, which tends to sustain reliance on multifamily rentals and can reinforce pricing power for competitive properties.
Schools index near the national average, which is serviceable for a workforce-oriented tenant profile. Compared with metro and national trends, neighborhood NOI per unit and occupancy metrics sit above midpack, providing an attractive backdrop for income-focused investors while still rewarding operational execution.
Safety indicators are competitive versus the broader Los Angeles metro and above the national median. The neighborhood s crime profile ranks 608th among 1,441 metro neighborhoods, and national percentiles suggest comparatively favorable conditions relative to many urban areas.
Property-related offenses trend in a stronger national percentile, with recent data indicating a year-over-year improvement, while violent incident measures are closer to the national midpoint with some recent volatility. Investors should interpret these signals as generally supportive for leasing, with routine property management practices still important for risk mitigation.
Proximity to major media and corporate offices underpins renter demand and commute convenience, notably The Walt Disney Company, Charter Communications, Radio Disney, Avery Dennison, and Live Nation Entertainment.
- Disney corporate offices (2.2 miles) HQ
- Charter Communications corporate offices (2.7 miles)
- Radio Disney corporate offices (3.1 miles)
- Avery Dennison corporate offices (3.2 miles) HQ
- Live Nation Entertainment corporate offices (6.1 miles)
This Burbank asset benefits from a top-quartile neighborhood rank within the Los Angeles metro, amenity-rich surroundings, and a renter-heavy housing landscape that supports absorption and occupancy stability. Elevated home values in the immediate area sustain reliance on rentals, and neighborhood occupancy trends in the mid-90% range reinforce the income profile for well-operated assets.
Within a 3-mile radius, households have grown recently and are projected to expand further, pointing to a larger tenant base over the medium term. Median contract rents sit in upper national percentiles, and, based on CRE market data from WDSuite, these conditions have supported steady leasing. Key watch items include rent-to-income pressures and exposure to cyclical employment, which argue for disciplined underwriting and active lease management.
- Top-quartile neighborhood among 1,441 metro areas with strong amenities and commute access
- Renter-occupied share is high locally, deepening the tenant pool and supporting occupancy
- High-cost ownership market reinforces rental demand and pricing power for competitive units
- 3-mile household growth and forecast expansion support leasing durability over time
- Risk: elevated rent-to-income and sector cyclicality require conservative underwriting and active renewals