| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 24th | Poor |
| Demographics | 51st | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1316 W Ave E, Lancaster, CA, 93534, US |
| Region / Metro | Lancaster |
| Year of Construction | 1973 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1316 W Ave E Lancaster Multifamily Investment
This 44-unit property built in 1973 presents value-add potential in a rural Lancaster neighborhood with top quartile COVID resilience nationally, according to CRE market data from WDSuite.
This rural Lancaster neighborhood ranks in the top quartile nationally for COVID resilience among 1,441 metro neighborhoods, indicating economic stability during market downturns. The area shows a 53% renter-occupied housing unit share within the 3-mile radius, supporting rental demand fundamentals despite the rural setting.
The property's 1973 construction year aligns closely with the neighborhood average of 1976, positioning it for potential value-add opportunities through strategic renovations and unit improvements. Demographic data aggregated within a 3-mile radius shows household growth projections of 46% over the next five years, expanding from 218 to 319 households, which could strengthen the local renter pool.
The neighborhood's median household income of $45,769 sits below metro averages, ranking in the bottom quartile among Los Angeles metro neighborhoods. However, projected income growth of 9% over five years may improve affordability dynamics. Current median contract rent of $1,181 with 12% five-year growth suggests moderate rental pricing pressure in the submarket.
Amenity density remains limited with minimal retail, dining, and service options per square mile, typical of rural locations. This positioning may appeal to tenants seeking lower-density living while maintaining access to the broader Los Angeles employment corridor.
The neighborhood demonstrates moderate safety metrics compared to the Los Angeles metro area. Property crime rates rank near the middle among 1,441 metro neighborhoods at 52nd national percentile, indicating average performance relative to similar communities nationwide.
Notably, property crime has declined 36% over the past year, placing the area in the 79th national percentile for crime reduction trends. Violent crime rates remain relatively low at 31 incidents per 100,000 residents, though this metric increased 53% year-over-year, warranting monitoring for property management and tenant retention considerations.
The Lancaster area benefits from proximity to major aerospace and defense employers, providing workforce housing opportunities for commuting professionals.
- Lockheed Martin Aeronautics Co. — defense & aerospace (10.7 miles)
- Waste Management - Palmdale — waste services (13.5 miles)
- Boston Scientific Neuromodulation — medical devices (32.6 miles)
- Amerisourcebergen — pharmaceutical distribution (32.8 miles)
- Charter Communications — telecommunications (40.4 miles)
This 44-unit Lancaster property offers value-add potential through its 1973 vintage and positioning in a neighborhood with exceptional COVID resilience rankings. The rural setting provides lower acquisition costs while maintaining access to aerospace employment centers. Projected household growth of 46% over five years could expand the local tenant base, supporting occupancy stability despite current below-average income levels.
The property's average unit size of 1,059 square feet aligns with family housing demand in the expanding demographic profile. While amenity density remains limited, this positions the asset for tenants seeking affordable housing options within commuting distance of major employers like Lockheed Martin.
- Top quartile COVID resilience nationally indicates economic stability during downturns
- Value-add potential through 1973 construction year and strategic improvements
- 46% projected household growth over five years supports rental demand expansion
- Proximity to aerospace employment corridor provides workforce housing opportunities
- Risk: Below-average income levels and limited amenities may impact tenant retention and rent growth