| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 78th | Best |
| Amenities | 43rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17450 Burbank Blvd, Encino, CA, 91316, US |
| Region / Metro | Encino |
| Year of Construction | 1986 |
| Units | 22 |
| Transaction Date | 2008-06-03 |
| Transaction Price | $1,960,909 |
| Buyer | WOLF JASON |
| Seller | 17450 BURBANK LLC |
17450 Burbank Blvd Encino Multifamily Investment
Encino’s renter-heavy neighborhood shows mid-90s occupancy and stable demand drivers, according to WDSuite’s CRE market data. With elevated home values and strong incomes nearby, the asset’s larger units can support retention and measured rent growth over time.
Located in Los Angeles’s Encino Urban Core, the neighborhood rates B+ and is above metro median overall (rank 419 of 1,441 metro neighborhoods). Occupancy in the neighborhood sits in the mid-90s and remains above national averages, supporting leasing stability even as the metro has seen modest softening in recent years, based on CRE market data from WDSuite.
Livability supports family and professional renter demand: the neighborhood’s average school rating is among the strongest (top tier nationally), and everyday services are accessible with grocery options in higher national percentiles. Café density ranks in the upper national percentiles, while parks and pharmacies are relatively limited locally—factors investors may weigh when considering amenity-driven premiums.
The property’s 1986 vintage is newer than the neighborhood’s average construction year (1978). That positioning can be competitively favorable against older stock, while still calling for targeted capital planning for systems modernization or value-add finish updates to meet current renter expectations.
Within a 3-mile radius, demographics indicate a stable to expanding renter pool: households increased recently even as population edged down, reflecting smaller household sizes and creating a broader base of potential renters. Median incomes are high for the region and home values are elevated (both in the upper national percentiles), which tends to reinforce reliance on multifamily rentals and support lease retention. Forward-looking projections within 3 miles point to more households and higher incomes over the next five years, which should enlarge the tenant base and support occupancy.
Safety indicators present a mixed but constructive picture. Relative to the Los Angeles metro, the neighborhood sits closer to the higher-crime segment (lower metro rank among 1,441 neighborhoods). However, compared with neighborhoods nationwide, overall safety measures land above average, and recent data show sharp year-over-year reductions in estimated violent offenses alongside property crime trending near national norms.
For underwriting, this suggests prudent security and lighting investments may help with tenant experience, while the broader national comparison and improving trends can support leasing and retention narratives.
Proximity to major corporate offices supports a deep professional renter base and convenient commutes for residents. Key nearby employers include Thermo Fisher Scientific, Farmers Insurance Exchange, Occidental Petroleum, Live Nation Entertainment, and AECOM.
- Thermo Fisher Scientific — life sciences equipment (4.7 miles)
- Farmers Insurance Exchange — insurance (5.2 miles) — HQ
- Occidental Petroleum — energy (8.7 miles) — HQ
- Live Nation Entertainment — entertainment (9.4 miles) — HQ
- AECOM — engineering & infrastructure (9.6 miles) — HQ
Built in 1986 with 22 units averaging about 1,100 square feet, the property offers larger floor plans that can aid absorption and renewals. Neighborhood occupancy has remained in the mid-90s and is above national averages, while elevated ownership costs and high local incomes support durable multifamily demand and pricing power. According to commercial real estate analysis from WDSuite, area rents and incomes sit in upper national percentiles, aligning with a renter base that values space and convenience.
Being newer than the area’s average vintage (1978) positions the asset competitively versus older stock, with scope for targeted value-add upgrades to drive rent premiums. Within a 3-mile radius, households are increasing and are projected to rise further with smaller average household sizes, expanding the tenant base and supporting occupancy and retention.
- Mid-90s neighborhood occupancy and strong incomes support leasing stability
- 1986 vintage offers competitive positioning with value-add modernization upside
- Larger average unit sizes (~1,100 sq. ft.) bolster absorption and renewals
- Household growth within 3 miles points to a larger renter base over time
- Risks: local amenities are uneven and metro-level crime ranks warrant prudent on-site security