| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 82nd | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18634 Burbank Blvd, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1987 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18634 Burbank Blvd Tarzana Multifamily Investment
Neighborhood renter-occupied housing concentration and amenity depth point to a broad tenant base and steady leasing, according to WDSuite’s CRE market data, with occupancy trends hovering near national norms.
Situated in Tarzana’s Urban Core, the property benefits from one of the metro’s strongest amenity concentrations—ranked 8th out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods. Dense coverage of groceries, restaurants, pharmacies, and parks supports daily convenience, commute optionality, and resident retention for multifamily assets.
Neighborhood-level occupancy is around the national median, while renter-occupied housing share is elevated versus most areas. For investors, that combination suggests a deep tenant pool with generally stable absorption, though lease-up pace can vary by vintage and finish level. Home values in the neighborhood are high relative to national markets, which tends to sustain reliance on rental housing and supports pricing power for well-positioned units.
Demographic statistics aggregated within a 3-mile radius show households have increased recently and are projected to continue growing alongside smaller average household sizes. This points to a larger tenant base over time—even as population growth is mixed—which typically supports occupancy stability and ongoing demand for professionally managed apartments. Neighborhood NOI-per-unit benchmarks track above many U.S. areas, based on CRE market data from WDSuite, aligning with the area’s A+ rating and competitive standing among Los Angeles metro neighborhoods.
The asset’s 1987 construction is slightly newer than the neighborhood average vintage, offering relative competitiveness versus older stock. Investors should still plan for targeted modernization of systems and interiors to meet renter expectations in a high-amenity pocket and to capture value-add upside.
Safety indicators for the neighborhood compare favorably within the region, with a crime rank of 389 among 1,441 Los Angeles metro neighborhoods, indicating performance above the metro median. Nationally, the area trends safer than many peer neighborhoods.
Recent year-over-year estimates also point to meaningful declines in both violent and property offenses, placing the neighborhood in stronger national improvement percentiles. While conditions can vary by block and over time, the directional trend is supportive of renter retention and long-term investment stability.
Nearby corporate offices span life sciences, insurance, energy, engineering, and entertainment—an employment mix that supports steady renter demand and commute convenience for workforce and professional tenants. The list below reflects the closest anchors to the property.
- 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 & infrastructure (10.5 miles) — HQ
- Live Nation Entertainment — entertainment (10.5 miles) — HQ
This 31-unit, 1987-vintage asset sits in an A+ neighborhood with top-tier amenities and strong regional competitiveness. Elevated neighborhood renter-occupied share and high home values underpin a deep tenant base and support rent durability, while occupancy trends remain around national norms. According to CRE market data from WDSuite, amenity density and neighborhood NOI performance compare favorably to many U.S. areas, strengthening the case for long-term leasing stability.
The vintage provides a slight edge versus older stock, with potential to unlock value through targeted upgrades to interiors and building systems. Household growth within a 3-mile radius and smaller average household sizes point to ongoing renter demand; key employers within 3–11 miles reinforce retention and reduce commute frictions. Risks include softer neighborhood occupancy versus top-tier urban cores and the need for disciplined rent-to-income management amid a high-cost ownership market.
- A+ urban neighborhood with top-ranked amenities and competitive metro standing
- Elevated renter-occupied housing share and high ownership costs support durable rental demand
- 1987 vintage offers relative competitiveness with value-add modernization potential
- Diverse nearby employers (life sciences, insurance, energy, engineering, entertainment) support tenant retention
- Risks: occupancy near national median and execution needs on renovations and lease management