| 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 Multifamily Investment
According to WDSuite’s CRE market data, the surrounding neighborhood shows a high renter-occupied share and exceptional amenity access that support steady demand and resident retention. Neighborhood-level occupancy trends and pricing context point to resilient leasing conditions rather than outsized volatility.
The property sits in an A+ neighborhood within the Los Angeles-Long Beach-Glendale metro, ranked 25 of 1,441 neighborhoods — a top-tier position locally. Nationally, the area scores in the top quartile across amenities and housing fundamentals, signaling competitive renter appeal relative to other U.S. neighborhoods.
Amenity density is a clear strength: grocery, pharmacy, and restaurant concentrations are at or near the 100th national percentile, and cafes and parks also rate well. For investors, this level of daily-needs and lifestyle access tends to support lease retention and reduce marketing downtime compared with amenity-scarce submarkets, based on CRE market data from WDSuite.
Renter demand fundamentals are favorable. The neighborhood’s share of housing units that are renter-occupied is high (ranked 197 of 1,441, top decile metro standing), indicating a deep tenant base for multifamily assets. Neighborhood contract rents benchmark in the 92nd national percentile, while the rent-to-income ratio sits in a low national percentile, suggesting manageable affordability pressure that can aid renewal rates. Neighborhood occupancy is in the upper-mid national range with a modest five-year easing, implying stable but competitive leasing conditions.
Vintage and capital planning: the community average construction year is 1982; this asset was built in 1980. Being slightly older than the surrounding stock points to typical 1980s systems and finishes, which may present value-add or modernization opportunities to sharpen competitive positioning against newer inventory.
Demographics within a 3-mile radius show households have grown while average household size has trended lower, and projections indicate further increases in households alongside smaller household sizes over the next five years. This pattern generally expands the renter pool and supports occupancy stability even as total population is expected to edge down, creating steady demand for well-located, professionally managed units.
Ownership context also favors rentals: neighborhood home values are in the 98th national percentile, a high-cost ownership market that tends to sustain renter reliance on multifamily housing and can support pricing power for quality assets.
Neighborhood safety indicators compare favorably on a national basis: overall crime sits around the 75th national percentile (higher percentile indicates safer relative to U.S. neighborhoods). Recent trends are constructive, with estimated violent and property offense rates showing large year-over-year declines, positioning the area in the top percentiles nationally for improvement.
While safety conditions can vary block to block and over time, the combination of stronger-than-average national positioning and improving trends suggests a supportive backdrop for resident retention and leasing. Investors should continue to monitor local data as part of routine risk management.
Proximity to major employers supports renter demand with commute convenience, including Thermo Fisher Scientific, Farmers Insurance, Occidental Petroleum, AECOM, and Live Nation Entertainment.
- Thermo Fisher Scientific — life sciences (3.2 miles)
- Farmers Insurance Exchange — insurance (3.7 miles) — HQ
- Occidental Petroleum — energy (9.5 miles) — HQ
- AECOM — engineering & infrastructure (10.5 miles) — HQ
- Live Nation Entertainment — entertainment (10.5 miles) — HQ
18615 Burbank Blvd offers exposure to a top-ranked Tarzana neighborhood with exceptional amenity access and a deep renter base. Neighborhood rents sit high relative to national benchmarks but exhibit relatively manageable rent-to-income pressure, supporting renewal prospects. According to CRE market data from WDSuite, occupancy at the neighborhood level remains solid with only modest five-year softening, aligning with steady—rather than speculative—leasing conditions.
Built in 1980, the asset is slightly older than the neighborhood average vintage, creating a straightforward value-add or modernization path to compete against newer stock. Within a 3-mile radius, household counts have risen and are projected to continue increasing as household sizes trend lower, which typically expands the renter pool and supports long-term demand even as overall population growth is muted. Elevated home values locally further reinforce sustained reliance on multifamily housing.
- Top-tier neighborhood in Los Angeles with outsized amenity access and strong renter appeal
- Deep renter-occupied share and high national rent benchmarks with manageable affordability pressure aiding retention
- 1980 vintage presents value-add and modernization opportunities to sharpen competitive positioning
- 3-mile demographics point to rising household counts and a larger tenant base supporting occupancy stability
- Risks: neighborhood occupancy has eased modestly; ongoing capital needs and macro conditions warrant active asset management