| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 82nd | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18545 Burbank Blvd, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1975 |
| Units | 22 |
| Transaction Date | 2001-10-31 |
| Transaction Price | $1,165,000 |
| Buyer | FENTON ROBERT L |
| Seller | FELDMAN ED |
18545 Burbank Blvd Tarzana Multifamily Investment
The surrounding Tarzana neighborhood shows deep renter demand and strong amenity access, according to WDSuite’s CRE market data, supporting stable operations for smaller assets. Neighborhood occupancy trends are steady and benefit from a high share of renter-occupied housing, with top-tier retail, grocery, and services within close reach.
This Urban Core pocket of Tarzana ranks in the top quartile among 1,441 Los Angeles metro neighborhoods (A+ rating), indicating strong fundamentals relative to the region. Dense retail and daily-needs access stand out: restaurants, groceries, and pharmacies score at the top end nationally, which helps drive leasing convenience and retention for multifamily properties.
Renter-occupied housing is prevalent in this neighborhood (high renter concentration by national comparison), signaling depth of tenant demand and a broad leasing pool for a 22-unit asset. Neighborhood occupancy is in the low-90s and competitive for Los Angeles, supporting income stability through cycles based on CRE market data from WDSuite.
The property’s 1975 vintage is older than the neighborhood’s average construction year. Investors should plan for capital expenditures and consider value-add or modernization to enhance competitive positioning against newer stock and capture demand driven by the area’s amenity density.
Within a 3-mile radius, demographics show a modest decline in total population but an increase in household counts alongside smaller average household sizes. For multifamily, that combination typically adds to the renter pool over time and supports occupancy stability. Elevated home values in the neighborhood compared with national norms reinforce reliance on rental housing, which can aid tenant retention and measured pricing power when managed carefully.
Safety indicators for the neighborhood compare favorably at the national level, with overall crime conditions around the 75th percentile nationwide and violent crime performance above average. Recent year-over-year data also points to notable declines in both property and violent offenses, according to WDSuite’s CRE market data, which supports a more stable operating backdrop for multifamily assets. As always, investors should evaluate property-level security and monitor local trends as part of routine risk management.
Proximity to established corporate employers supports workforce housing demand and commute convenience for residents. Nearby anchors include Thermo Fisher Scientific, Farmers Insurance Exchange, Occidental Petroleum, AECOM, and Live Nation Entertainment.
- Thermo Fisher Scientific — life sciences (3.3 miles)
- Farmers Insurance Exchange — insurance (3.8 miles) — HQ
- Occidental Petroleum — energy (9.5 miles) — HQ
- AECOM — engineering & infrastructure (10.5 miles) — HQ
- Live Nation Entertainment — media & entertainment (10.5 miles) — HQ
18545 Burbank Blvd benefits from a high-amenity Tarzana location with strong renter-occupied concentration and neighborhood occupancy in the low-90s, supporting income durability. The 1975 vintage suggests a clear path for value-add or targeted system upgrades to compete with newer supply. Elevated ownership costs in the area tend to sustain rental demand and lease retention, while 3-mile household growth and smaller household sizes point to a larger tenant base over time.
According to commercial real estate analysis from WDSuite, the neighborhood sits in the top tier of Los Angeles submarkets by amenities and renter depth, while national affordability metrics suggest room for cautious rent optimization relative to incomes. Investors should weigh these advantages against ongoing capex needs typical of 1970s assets and monitor broader Los Angeles demand trends.
- High renter concentration and low-90s neighborhood occupancy support stable cash flow
- Amenity-rich Urban Core location aids leasing velocity and retention
- 1975 vintage offers value-add and modernization upside with planned capex
- Elevated local home values reinforce reliance on multifamily rentals and pricing power
- Risks: older systems/capex needs and sensitivity to broader Los Angeles demand cycles