| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 34th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1340 Meadow View Ln, Lancaster, CA, 93534, US |
| Region / Metro | Lancaster |
| Year of Construction | 1986 |
| Units | 65 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1340 Meadow View Ln Lancaster Multifamily Opportunity
Neighborhood occupancy near 97% suggests stable leasing conditions, according to WDSuite’s CRE market data, with a deep renter base supporting demand.
Located in Lancaster’s inner-suburb fabric of Los Angeles County, the area rates C+ among 1,441 metro neighborhoods and shows resilient renter demand. Neighborhood occupancy is competitive nationally, and restaurants, groceries, pharmacies, and childcare access trend strong, with amenities placing in the top quartile nationally, while parks and cafes are limited. This mix supports everyday convenience for residents but leaves some lifestyle gaps that owners can offset through on-site programming and property amenities.
The property’s 1986 vintage is newer than the neighborhood’s average construction year (1976). For investors, that typically means a more competitive baseline versus older stock, while still leaving room for targeted modernization and systems upgrades to bolster positioning and rentability over the hold.
Tenure dynamics point to a substantial renter-occupied share at the neighborhood level (high renter concentration), which generally supports a larger tenant base and steadier leasing. Within a 3-mile radius, population and household counts have increased in recent years, with forecasts indicating continued population growth and a meaningful expansion in households—factors that can widen the renter pool and support occupancy stability. Median contract rents have risen over the past five years, while the rent-to-income profile sits at a level that suggests manageable affordability pressure relative to many coastal submarkets, aiding lease retention.
Home values in the neighborhood are elevated relative to local incomes (higher value-to-income ratio versus national norms). In investor terms, a high-cost ownership market tends to reinforce reliance on rental housing, sustaining multifamily demand and reducing competitive pressure from entry-level for-sale options. Based on CRE market data from WDSuite, NOI per unit is in line with national mid-tier performance, and the area’s occupancy strength versus many national peers supports underwriting for stable operations.
Safety indicators are weaker than national averages, with neighborhood results falling below the median both nationally and within the Los Angeles metro. The neighborhood’s crime rank is 1,289 out of 1,441 metro neighborhoods, which places it below metro median performance. National percentiles also point to comparatively lower safety levels. Recent data show year-over-year increases in violent incidents, so ongoing monitoring, lighting, access controls, and resident engagement remain prudent property-level mitigants.
- Lockheed Martin Aeronautics Co. — aerospace (5.3 miles)
- Waste Management - Palmdale — waste services (7.8 miles)
- Boston Scientific Neuromodulation — medical devices (28.9 miles)
- Amerisourcebergen — pharmaceutical distribution (29.0 miles)
- Charter Communications — telecommunications (34.9 miles)
With 65 units and an average unit size over 1,100 SF, 1340 Meadow View Ln offers scale and livability in a renter-heavy neighborhood where occupancy trends are strong relative to many U.S. areas. The 1986 construction provides a competitive vintage versus older local stock while leaving room for selective value-add upgrades that can enhance durability of income and leasing velocity. Proximity to regional employment—including aerospace and industrial operations within commuting distance—supports workforce demand.
Within a 3-mile radius, recent growth in population and households—and forecasts calling for further expansion—point to a larger tenant base over time. A high-cost ownership landscape locally reinforces reliance on rentals, while the rent-to-income profile suggests manageable affordability pressure that can aid retention. According to commercial real estate analysis from WDSuite, neighborhood occupancy outperforms many national peers, supporting a thesis centered on stable operations with targeted capital plans. Key watchpoints include safety metrics that trail national medians and lower school ratings, plus amenity gaps in parks and cafes that may warrant on-site enhancements.
- Strong neighborhood occupancy and deep renter base support steady leasing
- 1986 vintage with value-add and systems modernization upside
- Commutable access to aerospace and industrial employers underpins workforce demand
- High-cost ownership market sustains rental reliance; rent-to-income profile supports retention
- Risks: below-median safety and low school ratings; limited parks/cafes require property-level offsets