| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 82nd | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18569 Burbank Blvd, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1977 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18569 Burbank Blvd Tarzana Multifamily Investment
Neighborhood fundamentals point to durable renter demand supported by high renter concentration and strong amenity accessibility, according to WDSuite’s CRE market data. Metrics cited are measured for the neighborhood, not this property, and indicate stable leasing potential relative to nearby Los Angeles submarkets.
Tarzana’s Urban Core location provides daily convenience that supports renter retention: amenity access measures in the top percentiles nationally for restaurants, cafes, groceries, parks, and pharmacies. The neighborhood ranks 25 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods (top tier locally), signaling competitive livability for workforce and professional tenants.
Renter demand depth is a local strength. The share of renter-occupied housing units sits in the higher range for the metro (97th percentile nationally), which generally supports a larger tenant base and steadier leasing velocity. Neighborhood occupancy is in the upper half nationally, and median asking rents benchmark high versus U.S. peers (92nd percentile), indicating pricing power where product quality and management execution support it.
Within a 3-mile radius, demographics show households have increased over the past five years while total population edged down, pointing to smaller household sizes and continued need for rental options. Forward-looking estimates call for additional household growth and smaller average household sizes, which typically expands the renter pool and supports occupancy stability.
Ownership costs in the area are elevated (home values score in the 98th percentile nationally). In investor terms, a high-cost ownership market tends to reinforce reliance on multifamily rentals, aiding lease retention and pricing discipline, especially for well-maintained product.
Safety indicators compare favorably overall. The neighborhood’s safety profile sits above the national median (around the 75th percentile nationally), and it is competitive among Los Angeles neighborhoods. Recent trend data also shows notable year-over-year declines in both violent and property offense estimates, suggesting improving conditions versus the prior period.
As with any infill Los Angeles location, safety can vary by block and time of day. Investors should focus on property-level measures and lighting, and benchmark incident trends against comparable Urban Core assets in the submarket to calibrate operations and resident experience.
Proximity to diversified corporate employers supports commuter convenience and broad renter demand, with nearby roles in life sciences, insurance, and engineering driving stable white-collar tenancy.
- Thermo Fisher Scientific — life sciences (3.2 miles)
- Farmers Insurance Exchange — insurance services (3.8 miles) — HQ
- Occidental Petroleum — energy corporate offices (9.5 miles) — HQ
- AECOM — engineering & infrastructure (10.5 miles) — HQ
- Live Nation Entertainment — media & entertainment (10.5 miles) — HQ
18569 Burbank Blvd is a 25-unit multifamily asset in Tarzana. Built in 1977, it is older than the neighborhood’s average vintage, which points to clear value‑add and capital planning opportunities to modernize systems and finishes and sharpen competitiveness against newer product. According to CRE market data from WDSuite, the surrounding neighborhood posts upper‑half occupancy nationally alongside a high renter concentration, aligning with steady tenant demand when management and positioning are executed well.
Within a 3‑mile radius, households have grown and are projected to expand further while average household size trends lower, typically broadening the renter pool and supporting leasing stability. Elevated for‑sale values in the area sustain reliance on rentals, while a relatively moderate rent‑to‑income ratio by national standards supports retention. Investors should continue to monitor five‑year occupancy drift and modest regional population softness and calibrate renovations and leasing strategy to maintain pricing power.
- High renter concentration and amenity-rich Urban Core support leasing stability
- 1977 vintage offers value‑add potential to enhance rent and retention
- Within 3 miles, rising household counts and smaller sizes expand the renter base
- Elevated ownership costs reinforce reliance on rentals and pricing discipline
- Risk: five‑year occupancy softening and regional population trends require focused ops and CapEx