| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 79th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 630 E Verdugo Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 1999-10-12 |
| Transaction Price | $2,110,000 |
| Buyer | GERRO JOHN M |
| Seller | MA JOHNNY |
630 E Verdugo Ave, Burbank Multifamily Investment
Neighborhood occupancy has held in a healthy range and ownership costs remain elevated, supporting durable renter demand, according to WDSuite’s CRE market data.
Positioned in Burbank’s Urban Core, the property benefits from a renter base supported by strong neighborhood fundamentals and high-cost ownership dynamics. Neighborhood housing metrics rank 86th among 1,441 Los Angeles-Long Beach-Glendale neighborhoods (top quartile nationally), indicating competitive performance for multifamily relative to the metro and peers, based on CRE market data from WDSuite.
Local schools rate well for the metro (average 4.0 out of 5; top quartile nationally), which can aid resident retention for family-oriented units. While neighborhood occupancy is reported at the neighborhood level rather than the property, it has remained solid compared with national norms, supporting income stability in comparable assets.
Tenure patterns point to a deep rental market. Within a 3-mile radius, the share of housing units that are renter-occupied is the majority, creating a sizable tenant pool and supporting leasing velocity. Neighborhood renter concentration is also competitive versus national benchmarks (high national percentile), implying steady demand for professionally managed units.
Income and home value signals reinforce multifamily demand. Neighborhood median household income sits in a high national percentile, and home values are elevated (near the top of U.S. neighborhoods), which typically sustains reliance on rental housing and supports pricing power for well-located properties. At the same time, rents have grown over the last five years, and the neighborhood’s NOI per unit ranks in a high national percentile, suggesting efficient revenue capture where operations are well-managed.
Demographic statistics aggregated within a 3-mile radius indicate stable population levels alongside an increase in households and slightly smaller household sizes over time. For investors, this points to a steady or expanding renter pool that can support occupancy and lease-up for a range of unit types.
Comparable safety data for this specific neighborhood is not available in WDSuite’s current release. Investors typically benchmark neighborhood trends against city and metro sources to evaluate long-term risk and resident perception. Absent ranked crime metrics, it is prudent to review recent city reports and property-level history to triangulate risk alongside leasing performance and retention.
Proximity to major studios and corporate offices underpins a large professional workforce and commute convenience for renters. Key nearby employers include Disney, Charter Communications, Avery Dennison, Radio Disney, and Live Nation Entertainment.
- Disney — entertainment HQ (2.4 miles) — HQ
- Charter Communications — telecommunications (2.8 miles)
- Avery Dennison — materials manufacturing (3.1 miles) — HQ
- Radio Disney — media (3.2 miles)
- Live Nation Entertainment — entertainment offices (6.2 miles)
Constructed in 1987, the 20-unit asset offers a slightly newer vintage than much of the surrounding stock, positioning it competitively against older buildings while leaving room for selective modernization to enhance rents and retention. Average unit sizes around 1,000 square feet support livability and can appeal to longer-term renters in a high-cost ownership market.
Neighborhood-level signals remain favorable for income durability: strong school ratings, elevated household incomes, high national-percentile NOI per unit, and sustained renter demand tied to major employment nodes. Demographics within a 3-mile radius point to stable population levels, a projected increase in households, and smaller household sizes, which together support a larger tenant base and occupancy stability. According to commercial real estate analysis from WDSuite, these dynamics align with properties that maintain leasing momentum while benefiting from prudent value-add execution.
- 1987 vintage offers competitive positioning with targeted upgrade potential
- Large average floor plans support retention and rentability
- High-cost ownership market reinforces renter reliance and pricing power
- Household growth and smaller household sizes expand the renter pool (3-mile radius)
- Risks: limited nearby amenity signals in neighborhood data and softening in some metro occupancy periods may require active leasing and management