| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 79th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 603 E Verdugo Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
603 E Verdugo Ave, Burbank CA Multifamily Investment
In a high-cost ownership pocket of Burbank, sustained renter demand and solid neighborhood occupancy support durable cash flow, according to WDSuite’s CRE market data. The immediate area skews toward well-paid households, which can underpin lease stability and pricing power for professionally managed assets.
Positioned in Burbank within the Los Angeles-Long Beach-Glendale metro, the property sits in an Urban Core neighborhood with operating conditions that generally favor multifamily. Neighborhood occupancy is above many U.S. areas and indicates steady leasing conditions, while average neighborhood NOI per unit ranks in the top decile nationally, signaling an environment where competent operators have supported performance (based on CRE market data from WDSuite).
Schools in the neighborhood rate in the top quartile nationally and rank strongly among 1,441 metro neighborhoods, a livability advantage that can aid retention for family-oriented renters. The neighborhood’s overall demographic profile also places it in a high national percentile, reflecting a skilled tenant base that supports renewal outcomes and reduces turnover risk.
Ownership costs are elevated locally, with home values well above national norms and a high value-to-income ratio; this dynamic tends to reinforce reliance on rental housing and can support occupancy stability. Rent-to-income metrics point to manageable affordability pressure for many local renters, giving operators room to focus on lease management rather than widespread concessions.
Within a 3-mile radius, demographics show a large renter pool and rising incomes, with households projected to increase over the next five years. This trajectory suggests a broader tenant base and supports forward leasing fundamentals, even as average household size trends slightly smaller—often a tailwind for demand for well-located, mid-size units.
Comparable neighborhood safety data are not available in WDSuite for this specific area of Burbank. Without verified neighborhood-level figures, investors typically benchmark police reports, city dashboards, and insurer guidance against broader Burbank and Los Angeles metro trends to contextualize risk.
Given the absence of ranked or percentile crime metrics for this neighborhood, underwriting should incorporate third-party data and property-level controls (lighting, access systems, and monitoring) and align them with the asset’s renter profile and expected operating hours.
Proximity to prominent entertainment and corporate offices supports a deep white-collar renter base and commute convenience for residents. Key nearby employers include Disney, Charter Communications, Avery Dennison, Radio Disney, and Live Nation Entertainment.
- Disney — entertainment (2.3 miles) — HQ
- Charter Communications — telecommunications (2.7 miles)
- Avery Dennison — materials & labeling (3.1 miles) — HQ
- Radio Disney — media (3.2 miles)
- Live Nation Entertainment — entertainment offices (6.2 miles)
603 E Verdugo Ave offers investors a 20-unit 1985-vintage asset in a Burbank neighborhood where elevated ownership costs and solid neighborhood occupancy support dependable multifamily demand. The asset’s vintage is slightly newer than the neighborhood average, suggesting competitive positioning versus older stock, with selective modernization offering potential value-add upside. According to CRE market data from WDSuite, neighborhood-level NOI per unit trends strong nationally, and school quality and income profiles are supportive of lease retention.
Within a 3-mile radius, incomes are high and households are projected to grow, expanding the renter pool and supporting forward leasing. Elevated home values in the vicinity reinforce renter reliance on multifamily housing, which can underpin occupancy and pricing power through cycles. Underwriting should remain disciplined around affordability and marketing strategy given measured amenity density in the immediate neighborhood.
- High-cost ownership market reinforces multifamily demand and supports occupancy stability
- 1985 vintage offers competitive positioning with targeted renovation upside
- Strong neighborhood NOI per unit and top-quartile school ratings aid retention
- 3-mile radius shows rising incomes and projected household growth, expanding the renter base
- Risk: amenity density scores low locally; leasing strategy should emphasize access to major employers and conveniences