| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 82nd | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18615 Burbank Blvd, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1980 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18615 Burbank Blvd, Tarzana CA — Multifamily Investment Outlook
Strong neighborhood amenities and a high renter concentration support leasing durability, according to WDSuite’s CRE market data, with local occupancy near national norms and home values that tend to sustain multifamily demand.
Tarzana’s Urban Core location offers daily convenience that helps leasing velocity: grocery, restaurants, pharmacies, and cafés rank in the highest national percentiles, placing the neighborhood among the top quartile of Los Angeles’ 1,441 neighborhoods for overall livability. This depth of amenities typically supports retention and reduces search frictions for working households.
The neighborhood shows a high share of renter-occupied housing units (68.7%; top national percentile), indicating a deep tenant base for multifamily assets. At the same time, neighborhood occupancy is healthy and modestly above the national midpoint, suggesting generally stable absorption with typical seasonality. Median contract rents in the area have risen meaningfully over five years, reinforcing pricing power for well-positioned properties.
Within a 3-mile radius, households have increased over the last five years and are projected to grow further as average household size trends smaller. This points to a larger tenant base over time even as population growth is mixed, supporting occupancy stability and consistent leasing pipelines for professionally managed assets.
Home values in the neighborhood are elevated relative to many U.S. areas, which tends to sustain reliance on rental housing and can support lease retention and measured rent growth. Median rent-to-income levels remain manageable in this neighborhood context, suggesting balanced affordability that can reduce turnover risk for quality product.
The asset’s 1980 vintage is slightly older than the neighborhood’s average construction year (early 1980s). For investors, this often translates into targeted capital planning—common area refreshes, system upgrades, and in-unit modernization—to sharpen competitive positioning against newer stock while capturing value-add upside.
Neighborhood safety compares favorably by national standards, with overall conditions testing above the national midpoint and recent year-over-year reductions in both violent and property offenses, based on CRE market data from WDSuite. These improvements can contribute to leasing confidence and resident retention when paired with professional management.
While metro-level comparisons can vary by subarea within Los Angeles, the neighborhood’s national standing and improving trends are constructive signals. Investors should continue to monitor block-level dynamics over time and align security measures with property operations to support stable occupancy.
Proximity to diversified employers supports renter demand and commute convenience for a broad workforce, including life sciences, insurance, energy, engineering, and entertainment firms listed below.
- Thermo Fisher Scientific — life sciences (3.2 miles)
- Farmers Insurance Exchange — insurance (3.8 miles) — HQ
- Occidental Petroleum — energy (9.5 miles) — HQ
- AECOM — engineering (10.5 miles) — HQ
- Live Nation Entertainment — entertainment (10.5 miles) — HQ
18615 Burbank Blvd sits in a top-performing Los Angeles neighborhood with deep amenities and a strong renter-occupied housing share, supporting durable demand for a 42‑unit property. Neighborhood occupancy trends are steady near national norms, and elevated for-sale housing costs lend support to renter reliance and lease retention, according to commercial real estate analysis from WDSuite. The property’s 1980 vintage suggests practical value‑add opportunities—interior upgrades and systems modernization—to strengthen competitive positioning.
Within a 3‑mile radius, household counts have risen and are projected to expand as average household size declines, pointing to a broader tenant base over time. Coupled with robust employer access across insurance, life sciences, energy, engineering, and entertainment, the submarket offers diversified demand drivers. Key watch items include cyclical rent growth, neighborhood occupancy moderation over multi‑year periods, and ongoing capital needs common to late‑vintage assets.
- Amenity‑rich Urban Core location with national top‑quartile convenience supports retention and leasing velocity.
- High renter‑occupied housing share indicates depth of tenant base and demand stability for multifamily.
- 1980 vintage offers targeted value‑add and systems upgrades to unlock rent and NOI potential.
- Diversified nearby employers across insurance, life sciences, energy, engineering, and entertainment bolster demand.
- Risks: multi‑year occupancy moderation, cyclical rent growth, and capital planning typical of older assets.