| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 82nd | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18550 Burbank Blvd, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18550 Burbank Blvd Tarzana Multifamily Opportunity
Amenity-rich Tarzana supports durable renter demand and pricing discipline, according to CRE market data from WDSuite, with elevated ownership costs reinforcing reliance on professionally managed apartments.
Neighborhood dynamics and renter demand
Located in Los Angeles’ San Fernando Valley, the property sits in an Urban Core neighborhood rated A+ that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 25 out of 1,441). Amenity access is a clear strength: cafes, restaurants, groceries, parks, and pharmacies register in the highest national percentiles, supporting day-to-day livability and helping landlords sustain occupancy and renewal momentum.
Renter demand fundamentals are reinforced by a high renter-occupied share of housing units in the neighborhood, signaling a deep tenant base for multifamily. Neighborhood rent levels benchmark in a high national percentile, and the rent-to-income profile indicates relatively manageable affordability pressure locally, which can support retention and steady collections for stabilized assets.
Construction vintage skews slightly older than nearby stock (1977 vs. an early-1980s neighborhood average). For investors, that points to potential value-add through targeted renovations and systems upgrades, while remaining competitive against newer product if common areas and in-unit finishes are modernized.
Within a 3-mile radius, demographics indicate a large population with modest recent population softness but an increase in households, implying smaller household sizes and a gradual expansion of the renter pool. This trend typically supports occupancy stability and consistent leasing velocity for well-managed communities.
Home values in the neighborhood sit in a high national percentile, characteristic of a high-cost ownership market. In practice, that environment sustains renter reliance on multifamily housing and can bolster pricing power for professionally operated properties, particularly those offering quality finishes and convenient access to daily needs.
Neighborhood safety metrics compare favorably in context. The area ranks above the metro median (389 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods) and sits around the top quartile nationally, indicating comparatively lower reported crime than many neighborhoods across the country.
Recent trend data also show meaningful year-over-year decreases in both violent and property offense rates, with improvements that benchmark strongly versus national peers. For investors, this directional shift supports renter retention and leasing narratives, while still warranting standard property-level security and lighting best practices.
Proximity to diverse employment anchors supports workforce housing demand and commute convenience, with concentrations in life sciences, insurance, energy, engineering, and entertainment that can underpin leasing stability.
- Thermo Fisher Scientific — life sciences offices (3.3 miles)
- Farmers Insurance Exchange — insurance (3.8 miles) — HQ
- Occidental Petroleum — energy (9.5 miles) — HQ
- AECOM — engineering & infrastructure (10.4 miles) — HQ
- Live Nation Entertainment — entertainment (10.5 miles) — HQ
This 24-unit asset built in 1977 is positioned in a high-performing Tarzana location where amenity density, a sizable renter base, and healthy neighborhood occupancy support steady operations. Elevated ownership costs in the area tend to sustain multifamily demand, while rent-to-income dynamics suggest modest affordability pressure that can aid renewals and collections.
According to commercial real estate analysis from WDSuite, the neighborhood ranks competitively within the Los Angeles metro and posts nationally strong amenity and income benchmarks. The 1977 vintage may benefit from targeted value-add and systems modernization to enhance rent positioning relative to early-1980s local stock, while proximity to major employers should continue to support leasing and retention.
- Amenity-dense A+ neighborhood competitive among 1,441 metro peers supports occupancy stability and renewal potential.
- High renter-occupied housing share and elevated ownership costs reinforce depth of tenant demand.
- 1977 vintage offers value-add and systems-upgrade upside to strengthen relative competitiveness.
- Diverse nearby employers across life sciences, insurance, energy, engineering, and entertainment bolster leasing.
- Risks: older physical plant requiring capital planning; modest population softness within 3 miles could temper near-term leasing velocity.