| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 82nd | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18700 Burbank Blvd, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1989 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18700 Burbank Blvd Tarzana Multifamily Investment
This 84-unit property in Tarzana benefits from strong neighborhood-level occupancy at 92.9% and ranks in the top quartile nationally for amenity access, according to CRE market data from WDSuite.
Located in an A+ rated neighborhood that ranks 25th among 1,441 metro neighborhoods, this Tarzana location demonstrates strong fundamentals for multifamily investors. The neighborhood maintains 92.9% occupancy with a robust rental share of 68.7%, ranking in the 97th percentile nationally for renter-occupied housing units. Median contract rent of $2,054 reflects steady rental demand in this urban core environment.
Amenity density supports tenant retention with exceptional access to daily necessities. The neighborhood ranks in the top 30 metro-wide for cafes, grocery stores, and restaurants per square mile, while pharmacy access ranks 4th among all metro neighborhoods. This concentration of services enhances the location's appeal to renters seeking convenience and walkability.
Demographics within a 3-mile radius show a stable tenant base with median household income of $98,921 and 47.3% of housing units occupied by renters. The area attracts educated residents, with 38.3% holding bachelor's degrees, ranking in the 95th percentile nationally. Five-year projections indicate household growth of 30.5% and median income rising to $138,182, supporting rental demand expansion and potential rent growth.
Built in 1989, this property aligns with the neighborhood's average construction year of 1982, suggesting consistent building stock without immediate capital expenditure pressures. Home values averaging $1.1 million reinforce rental demand, as elevated ownership costs keep households in the multifamily market rather than transitioning to homeownership.
Crime metrics show mixed trends that warrant monitoring for property management considerations. The neighborhood ranks 389th among 1,441 metro neighborhoods for overall crime, placing it in the 75th percentile nationally for safety. Property offense rates decreased substantially by 78.6% year-over-year, ranking in the 97th percentile nationally for improvement trends.
Violent crime rates remain relatively low at 18.6 incidents per 100,000 residents, with year-over-year decreases of 94.1% ranking in the 99th percentile nationally for improvement. These declining crime trends support neighborhood stability and may enhance tenant retention over time.
The property benefits from proximity to major corporate employers that support workforce housing demand, including technology, insurance, and entertainment companies within commuting distance.
- Thermo Fisher Scientific — biotechnology and laboratory services (3.1 miles)
- Farmers Insurance Exchange — insurance services (3.6 miles) — HQ
- Thermo Fisher Scientific — biotechnology and laboratory services (5.9 miles)
- Occidental Petroleum — energy and oil services (9.6 miles) — HQ
- AECOM — engineering and construction services (10.6 miles) — HQ
This 84-unit Tarzana property presents a compelling investment case anchored by strong neighborhood fundamentals and positive demographic trends. The location ranks in the top quartile nationally for amenities while maintaining 92.9% neighborhood-level occupancy, indicating stable rental demand. Built in 1989, the property offers potential value-add opportunities without immediate capital expenditure pressures typical of older vintage assets.
Demographic projections within a 3-mile radius show household growth of 30.5% over five years, expanding the potential tenant base while median incomes are projected to rise to $138,182. High home values averaging $1.1 million reinforce rental demand by keeping ownership costs elevated relative to renting. The concentration of major employers within 10 miles, including headquarters for Farmers Insurance and Occidental Petroleum, supports workforce housing demand and commuter convenience.
- A+ neighborhood rating with top quartile amenity access nationally
- Strong occupancy at 92.9% neighborhood-level with 68.7% rental tenure
- Projected 30.5% household growth and rising incomes support rental demand
- Proximity to major corporate headquarters provides employment stability
- Monitor rent-to-income ratio at 0.27 for potential affordability pressure on renewals