| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 79th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 614 E Verdugo Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | 1995-12-11 |
| Transaction Price | $1,744,438 |
| Buyer | WHGF REAL ESTATE LTD PARTNERSHIP |
| Seller | SDC PROPERTIES INC |
614 E Verdugo Ave Burbank Multifamily Investment
This 30-unit property benefits from Burbank's proximity to major entertainment industry employers and strong neighborhood-level occupancy at 93.7%. Demographics within a 3-mile radius show household income growth and rental tenure stability, according to WDSuite's CRE market data.
The property sits in an urban core neighborhood ranking in the top quartile among 1,441 Los Angeles metro neighborhoods for demographics (79th national percentile) and housing fundamentals (84th national percentile). Neighborhood-level occupancy remains stable at 93.7%, while median contract rents of $2,200 place the area in the 94th national percentile for rental rates.
Demographics within a 3-mile radius support rental demand fundamentals. The area maintains 57.6% renter-occupied housing units, with household income averaging $93,596 and showing 28.8% growth over five years. Population projections indicate modest stability with forecast household growth of 30.5% through 2028, expanding the potential tenant base to over 61,000 households.
Built in 1986, this property aligns with the neighborhood's average construction year of 1983, suggesting consistent building stock without immediate capital expenditure pressures. Home values averaging $1.09 million create a substantial ownership cost barrier that reinforces rental demand, with a value-to-income ratio in the 96th national percentile nationwide supporting tenant retention in multifamily housing.
The area achieves strong educational appeal with average school ratings of 4.0 out of 5, ranking in the 84th national percentile. However, immediate neighborhood amenity density ranks low, with limited walkable retail and dining options that may affect tenant lifestyle preferences and retention strategies.
Crime data for this specific neighborhood is not currently available in the dataset, preventing detailed safety analysis. Investors should conduct independent due diligence on local crime trends and consider this data gap when evaluating tenant appeal and insurance considerations.
The property benefits from proximity to major entertainment and corporate employers that anchor Burbank's employment base, supporting workforce housing demand and commuter convenience for tenants.
- Disney — entertainment & media (2.3 miles) — HQ
- Charter Communications — telecommunications (2.8 miles)
- Avery Dennison — manufacturing & materials (3.1 miles) — HQ
- Radio Disney — entertainment & media (3.2 miles)
- Live Nation Entertainment — entertainment services (6.2 miles)
This 30-unit Burbank property presents a stable rental investment opportunity anchored by strong demographic fundamentals and proximity to entertainment industry employment. The neighborhood demonstrates above-average occupancy at 93.7% and benefits from elevated home values that sustain rental demand by keeping ownership costs prohibitive for many households.
Demographic projections within a 3-mile radius show household growth of 30.5% through 2028, expanding the potential tenant base while maintaining income stability. The 1986 construction year aligns with neighborhood norms, suggesting manageable near-term capital requirements. However, investors should monitor the limited amenity density and absent crime data as potential factors affecting tenant retention and risk assessment.
- Strong neighborhood occupancy at 93.7% with rental rates in 94th national percentile
- Proximity to Disney headquarters and other major employers within 3 miles
- High home values reinforce rental demand by limiting ownership affordability
- Projected 30.5% household growth expands potential tenant base through 2028
- Risk consideration: Limited neighborhood amenities may affect tenant lifestyle appeal