| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 79th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 636 E Verdugo Ave, Burbank, CA, 91501, US |
| Region / Metro | Burbank |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 2000-10-06 |
| Transaction Price | $2,131,000 |
| Buyer | GERRO JOHN M |
| Seller | HALTER CHARLES C |
636 E Verdugo Ave, Burbank CA Multifamily Investment
Neighborhood occupancy is solid and pricing power benefits from a high-cost ownership market, according to WDSuite s CRE market data.
Situated in Burbank an Urban Core pocket of the Los Angeles metro the property 636 E Verdugo Ave is positioned for steady renter demand. The neighborhood not the property shows an occupancy rate of 93.7%, ranking above the national median, based on CRE market data from WDSuite. The area while not a dense amenity node in the dataset benefits from proximity to major employment centers that draw a consistent tenant base.
Housing indicators are competitive: neighborhood housing metrics place in the top quartile nationally, and average school ratings are similarly strong (about 4.0 out of 5 on average, also top quartile nationwide). For investors, better school options often correlate with lower turnover among family renters and steadier occupancy.
Tenure dynamics support multifamily demand. At the neighborhood level, an estimated 46.2% of housing units are renter-occupied, indicating a meaningful renter concentration. Within a 3-mile radius, renters represent a larger share of occupied units, reinforcing depth in the tenant pool and supporting lease-up and retention strategies.
Demographically, 3-mile statistics show households have grown modestly over the past five years and are projected to expand further, while average household size trends slightly lower. This combination typically enlarges the renter pool and supports occupancy stability. Elevated home values in the neighborhood, compared with national benchmarks, suggest a high-cost ownership market that can sustain rental demand and bolster pricing power for well-managed assets.
Neighborhood-level crime rankings are not available in this dataset for this specific area of Burbank. Investors commonly contextualize safety by comparing city and metro trends, reviewing recent police and municipal reports, and assessing property-level security measures during due diligence. Given the absence of a comparable neighborhood rank, it is prudent to rely on multiple sources and on-the-ground observations to evaluate resident comfort and leasing implications.
Proximity to major entertainment and corporate offices supports renter demand and retention through short commutes to Disney, Charter Communications, Avery Dennison, Radio Disney, and Live Nation Entertainment.
- Disney entertainment & corporate offices (2.38 miles) HQ
- Charter Communications telecom & media (2.79 miles)
- Avery Dennison materials & labeling (3.09 miles) HQ
- Radio Disney media offices (3.23 miles)
- Live Nation Entertainment entertainment & corporate offices (6.25 miles)
636 E Verdugo Ave is a 20-unit asset built in 1988, slightly newer than the neighborhood a relative advantage versus older local stock. That vintage can reduce near-term capital intensity while still leaving room for value-add upgrades to interiors and common areas as systems age. The neighborhood not the property posts 93.7% occupancy, and housing indicators and average school ratings track in the top quartile nationally, supporting resident retention. According to CRE market data from WDSuite, neighborhood NOI per unit trends also place in the top quartile nationally, underscoring healthy operating fundamentals in comparable assets.
Within a 3-mile radius, households have been edging higher and are projected to expand further while average household size declines. Together with elevated ownership costs locally, this points to a larger tenant base and sustained reliance on multifamily housing. Renter concentration is meaningful at the neighborhood level and even higher across the 3-mile area, which typically supports occupancy stability and leasing velocity for well-positioned properties.
- 1988 construction newer than local average with potential value-add and modernization upside
- Neighborhood occupancy of 93.7% supports cash flow durability relative to national norms
- Top-quartile housing and school metrics indicate leasing resilience and lower turnover risk
- High-cost ownership market reinforces sustained rental demand and pricing power
- Risks: amenity density appears limited in the immediate neighborhood dataset; 1980s systems may require targeted capital over time