| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18144 Burbank Blvd, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1978 |
| Units | 22 |
| Transaction Date | 2012-08-02 |
| Transaction Price | $4,082,040 |
| Buyer | COHEN DAVID |
| Seller | CARMEL PALMS APARTMENTS LP |
18144 Burbank Blvd, Tarzana CA Multifamily Investment
This Tarzana address sits in a neighborhood with above-median occupancy and top-quartile overall ratings in the Los Angeles metro, according to WDSuite’s CRE market data. Investor takeaways center on stable renter demand supported by a deep tenant base and a high-cost ownership market.
The property is in Tarzana’s Urban Core, rated A and ranking 193 out of 1,441 Los Angeles metro neighborhoods — a top quartile position that signals competitive fundamentals for multifamily. Neighborhood occupancy is 96.8% (above metro median and 82nd percentile nationally), indicating resilience and supporting income stability for well-run assets.
Renter-occupied housing accounts for a substantial share of units in the neighborhood (62.2%), pointing to a deep tenant pool and steady leasing velocity. The property’s 1978 vintage is slightly newer than the neighborhood average construction year of 1973, which can offer relative competitiveness versus older stock; investors should still plan for ongoing modernization and systems upgrades typical for late-1970s buildings.
Within a 3-mile radius, households have grown even as population edged down, implying smaller household sizes and a gradual renter pool expansion that can support occupancy stability. Median household incomes have trended upward, and local contract rents have increased historically with further gains forecast, reinforcing underwriting for Class B value retention.
Local amenity access is a strength: groceries, pharmacies, and dining densities test in the mid-90s national percentiles, while cafes are also strong. School ratings average around the national median (slightly above), which is supportive for family-oriented renter segments. Park acreage is limited within the neighborhood itself, a consideration for marketing and amenity programming, but not typically a primary driver of multifamily performance here. Elevated home values and a high value-to-income ratio create a high-cost ownership market that sustains reliance on rental housing and can aid tenant retention.
Neighborhood safety metrics compare favorably in national context, with overall crime positioning in the 76th percentile nationally — indicating lower crime than many areas across the country. For investors, this tends to support leasing traction and longer-term tenant retention compared with lower-ranked submarkets in the region.
Recent trend indicators show meaningful year-over-year reductions in both property and violent offense rates (with improvement metrics testing in the upper national percentiles). While safety can vary by block and over time, the directional trend is positive relative to broader urban benchmarks in the Los Angeles-Long Beach-Glendale metro.
Proximity to major corporate employers supports commuter demand and lease retention, with a mix of life sciences, insurance, energy, and entertainment headquarters and offices within a typical drive-time for renters. The employers below reflect the near-to-mid radius anchors most relevant to the neighborhood’s renter base.
- Thermo Fisher Scientific — life sciences (3.8 miles)
- Farmers Insurance Exchange — insurance (4.3 miles) — HQ
- Occidental Petroleum — energy (9.2 miles) — HQ
- Live Nation Entertainment — entertainment (10.1 miles) — HQ
- AECOM — engineering & infrastructure (10.1 miles) — HQ
18144 Burbank Blvd offers a 22-unit footprint in an A-rated Los Angeles metro neighborhood with above-median occupancy and strong renter concentration. Neighborhood occupancy sits at 96.8% and ranks in the 82nd percentile nationally; according to CRE market data from WDSuite, that level is above the metro median and supports durable cash flow for well-managed assets.
The 1978 vintage is slightly newer than local stock, offering a competitive edge versus older properties while still presenting classic value-add angles through modernization and efficiency upgrades. Within a 3-mile radius, households have increased and are forecast to grow further even as population trends modestly lower, implying smaller household sizes and a larger effective tenant base. A high-cost ownership environment and rising incomes reinforce rental demand and can aid pricing power, though investors should consider lease management to balance affordability pressures and plan for capex given the building’s age.
- Occupancy above metro median with 82nd-percentile national standing supports income stability.
- Strong renter-occupied share indicates depth of tenant demand for multifamily units.
- 1978 vintage is slightly newer than neighborhood average, with value-add potential via targeted upgrades.
- 3-mile household growth and high-cost ownership context reinforce leasing and retention potential.
- Risks: limited park access locally and affordability pressure require thoughtful amenity and lease strategies.