| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 34th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1210 Meadow View Ln, Lancaster, CA, 93534, US |
| Region / Metro | Lancaster |
| Year of Construction | 1986 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1210 Meadow View Ln Lancaster Multifamily Investment
This 88-unit property in Lancaster's inner suburb benefits from strong neighborhood-level occupancy at 97% and a high rental tenure share of 77.5%, indicating sustained tenant demand according to CRE market data from WDSuite.
Located in Lancaster's inner suburb environment, this neighborhood demonstrates solid rental market fundamentals with 97% occupancy ranking in the top quartile nationally among 1,441 metro neighborhoods. The area maintains a high rental tenure share of 77.5%, indicating strong multifamily demand with most housing units occupied by renters rather than owners.
Built in 1986, this property aligns with the neighborhood's average construction year of 1976, suggesting consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The median contract rent of $1,375 has shown modest 5-year growth of 56%, while home values at $306,164 median support rental demand by maintaining elevated ownership costs relative to rental options.
Demographics within a 3-mile radius show a population of approximately 83,800 with household income growth of 46% over five years, reaching a median of $69,227. Forecasted data suggests continued household formation with a projected 28% increase in total households by 2028, potentially expanding the renter pool. The area provides essential amenities including grocery stores and childcare facilities, though limited recreational amenities may impact tenant appeal for certain demographics.
Safety metrics for this Lancaster neighborhood show mixed performance compared to regional and national benchmarks. Property crime rates rank in the lower quartile among 1,441 metro neighborhoods with an estimated rate of 890 incidents per 100,000 residents, while violent crime rates also trend above metro averages at 271 incidents per 100,000 residents.
Recent trends indicate property crime has increased by 3.4% year-over-year, while violent crime has risen more substantially by 63.1%. Investors should factor these safety considerations into tenant retention strategies and property management protocols, particularly for ground-floor units and common areas.
The Lancaster area benefits from proximity to major aerospace and corporate employers, providing workforce housing opportunities for professionals in defense, technology, and logistics sectors.
- Lockheed Martin Aeronautics Co. — defense & aerospace (5.3 miles)
- Waste Management - Palmdale — environmental services (7.8 miles)
- Boston Scientific Neuromodulation — medical technology (29.0 miles)
- Amerisourcebergen — pharmaceutical distribution (29.0 miles)
- Charter Communications — telecommunications (34.9 miles)
This 88-unit Lancaster property presents a value-oriented multifamily investment anchored by strong occupancy fundamentals and demographic growth drivers. Neighborhood-level occupancy of 97% ranks in the top quartile nationally, while the 77.5% rental tenure share indicates sustained demand for multifamily housing. Built in 1986, the property may offer value-add renovation opportunities to capture upside from the area's growing household base, projected to increase 28% by 2028.
The Lancaster submarket benefits from proximity to major aerospace employers including Lockheed Martin, providing workforce housing demand from defense sector professionals. However, investors should consider the area's safety profile and limited recreational amenities when evaluating long-term tenant retention and rental rate growth potential according to multifamily property research from WDSuite.
- Strong occupancy fundamentals with 97% neighborhood-level occupancy ranking top quartile nationally
- High rental demand indicated by 77.5% rental tenure share among housing units
- Projected 28% household growth by 2028 supporting tenant base expansion
- Value-add potential from 1986 construction year allowing renovation upside
- Risk consideration: Above-average crime rates require enhanced security measures and tenant retention focus