| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 417 S Verdugo Dr, Burbank, CA, 91502, US |
| Region / Metro | Burbank |
| Year of Construction | 1989 |
| Units | 29 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
417 S Verdugo Dr Burbank Multifamily Investment
This 29-unit property benefits from Burbank's 79% rental occupancy share and strong neighborhood-level occupancy at 94%, according to CRE market data from WDSuite.
Located in a top-tier Los Angeles submarket, this Burbank neighborhood ranks in the 95th percentile nationally for amenities and achieves an A+ rating among 1,441 metro neighborhoods. The area demonstrates strong fundamentals with 79% of housing units renter-occupied, significantly above typical ownership markets, creating sustained demand for multifamily housing.
Built in 1989, this property aligns with the neighborhood's average construction year of 1986, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. Neighborhood-level occupancy remains stable at 94%, while median contract rents of $1,803 have grown 23% over five years, outpacing many comparable markets.
Demographics within a 3-mile radius show a population of approximately 130,800 with household income growth of 28.5% over five years. The area benefits from exceptional amenity density, ranking in the 99th percentile nationally for restaurants and 96th percentile for cafes, supporting tenant retention through walkable convenience. Forecasted household growth of 31.7% through 2028 suggests expanding renter demand, while median home values exceeding $840,000 maintain elevated ownership costs that sustain reliance on rental housing.
The neighborhood demonstrates competitive safety metrics relative to the Los Angeles metro, ranking 608th among 1,441 neighborhoods and placing in the 62nd percentile nationally. Property crime rates have declined 30% year-over-year, indicating improving security conditions that support tenant retention and leasing stability.
While violent crime metrics show some variability, the overall crime profile remains manageable for a dense urban core location. Investors should consider standard security measures and tenant screening protocols typical for metropolitan multifamily properties.
The property benefits from proximity to major corporate anchors that support workforce housing demand in the Burbank area.
- Disney — entertainment & media (1.2 miles) — HQ
- Radio Disney — broadcasting (2.0 miles)
- Charter Communications — telecommunications (2.7 miles)
- Avery Dennison — manufacturing & materials (3.4 miles) — HQ
This 29-unit Burbank property offers exposure to a high-performing Los Angeles submarket with strong rental fundamentals. The neighborhood's 79% rental occupancy share and 94% occupancy rate demonstrate sustained multifamily demand, while the area's A+ rating reflects superior amenity access and livability metrics. Built in 1989, the property presents potential value-add opportunities through strategic renovations in a market where median home values exceeding $840,000 maintain barriers to homeownership.
Demographic projections within a 3-mile radius indicate 31.7% household growth through 2028, expanding the potential tenant base while forecast rent growth of 37% supports pricing power. The property's proximity to Disney headquarters and other major employers provides workforce housing appeal, though investors should account for the urban core location and associated management considerations.
- Strong rental market with 79% of neighborhood units renter-occupied
- Stable 94% occupancy rate and 23% rent growth over five years
- Proximity to Disney and major corporate employers
- Value-add potential through renovations of 1989 vintage property
- Risk: Urban core location requires active property management and security considerations