| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18214 Burbank Blvd, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1980 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18214 Burbank Blvd Tarzana Multifamily Investment
Neighborhood occupancy is strong with a solid renter-occupied share, supporting stable leasing conditions for a 43‑unit asset in Tarzana, according to WDSuite’s CRE market data. This location’s renter demand is reinforced by a high-cost ownership market that tends to sustain multifamily absorption.
The property sits in an Urban Core pocket of Tarzana rated A and ranked 193 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods—competitive among Los Angeles-Long Beach-Glendale neighborhoods. Local occupancy runs in the upper range for the metro, and the neighborhood shows a high share of renter-occupied housing units, indicating a deeper tenant base and steadier demand for multifamily product.
Daily-needs access is a strength: grocery and pharmacy availability score in the mid-90s nationally by amenity percentile, with restaurants and cafes also above national medians. Park access is limited within the neighborhood footprint, which may slightly reduce lifestyle appeal for some residents, but nearby retail and services help offset that. Average school ratings sit modestly above national midpoints, providing baseline family appeal without being a primary draw.
Within a 3-mile radius, demographics show households edging higher while average household size trends lower—signaling more, smaller households entering the rental market over time. Median and mean incomes have been rising, which can underpin rent collections and modest pricing power for well-maintained assets.
The average neighborhood construction year is 1973, while this property was built in 1980. That positions the asset somewhat newer than the local vintage, offering relative competitiveness against older stock, though investors should still expect selective modernization or system upgrades to keep pace with renter expectations.
WDSuite’s data indicates the neighborhood compares favorably on safety versus many U.S. neighborhoods, with overall conditions around the top quartile nationally. Year over year, both violent and property offense estimates have improved materially, a positive signal for long-term renter appeal and retention.
As with any infill Los Angeles location, conditions can vary block to block. Investors should underwrite to current trends and maintain standard property-level security and lighting to support community quality and leasing stability.
Proximity to established employers in healthcare, insurance, energy, and entertainment anchors demand for workforce and professional renters, supporting retention and commute convenience for residents. The list below highlights nearby corporate offices relevant to the neighborhood’s renter base.
- Thermo Fisher Scientific — life sciences (3.7 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 & consulting (10.2 miles) — HQ
18214 Burbank Blvd offers a mid-sized 43‑unit footprint in an A-rated Tarzana neighborhood where occupancy and renter concentration support durable leasing. Elevated area home values relative to incomes reinforce reliance on multifamily housing, which can bolster tenant retention and pricing discipline for well-positioned assets. Based on CRE market data from WDSuite, amenity access for daily needs is strong, complementing demand drivers even as park access is limited.
Built in 1980, the asset is somewhat newer than the local average vintage, suggesting relative competitiveness versus older stock while still presenting potential value-add through targeted renovations and system updates. Within a 3-mile radius, household counts have been growing and are projected to continue rising amid smaller household sizes—conditions that typically expand the renter pool and support occupancy stability.
- Competitive A-rated Tarzana location with neighborhood occupancy in the upper range for the metro
- High-cost ownership market supports sustained multifamily demand and lease retention
- 1980 vintage offers relative edge over older stock with value-add renovation upside
- Strong access to daily amenities (grocery, pharmacy, dining) aligns with renter preferences
- Risks: rent-to-income pressures and limited park access warrant prudent leasing and amenity strategy