| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Poor |
| Demographics | 13th | Poor |
| Amenities | 20th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2545 E Avenue I, Lancaster, CA, 93535, US |
| Region / Metro | Lancaster |
| Year of Construction | 1987 |
| Units | 121 |
| Transaction Date | 2006-05-01 |
| Transaction Price | $6,254,964 |
| Buyer | Lido Estates MHC |
| Seller | ARC4BFND LLC |
2545 E Avenue I Lancaster Multifamily Investment
Neighborhood occupancy trends point to stable renter demand, with the area tracking in the higher range for the metro according to CRE market data from WDSuite. For investors, the combination of steady occupancy and moderate rents suggests durable cash flow with measured rent growth potential.
Lancaster’s suburban setting around 2545 E Avenue I offers practical access to everyday services but relatively limited retail density nearby. Neighborhood amenities score below national norms, which typically means residents rely on established corridors for shopping and dining rather than immediate walkability. Average school ratings in the area also trail national benchmarks, an important consideration for family-oriented leasing strategies and retention.
From an investor lens, the neighborhood’s occupancy is competitive, ranking in the top quartile nationally among similar areas, according to WDSuite’s CRE market data. Importantly, this refers to neighborhood-level occupancy rather than the property itself and points to a base of tenants that tends to support consistent lease-up and renewals even with modest amenity concentration.
Tenure patterns indicate a relatively lower renter concentration at the neighborhood level, which can narrow the immediate tenant pool but also reduce volatility. Within a 3-mile radius, demographics show recent population and household growth and a forecast for further expansion, which together imply a larger tenant base over time and support for occupancy stability. Median contract rents in the area remain moderate relative to major coastal Los Angeles submarkets, helping balance affordability pressure and lease retention.
The average housing stock in the neighborhood skews older, and this 1987 asset is newer than much of the surrounding inventory. That positioning can be advantageous versus 1950s-era product, though investors should still plan for targeted system upgrades or common-area refreshes to enhance competitive standing and capture value-add upside.
Safety indicators for the neighborhood sit below the national median, with the area ranking 1,195 out of 1,441 Los Angeles metro neighborhoods and reflecting a national safety percentile in the low 30s. This comparative framing suggests investors should underwrite conservative security measures and tenant-experience practices typical for submarkets with similar profiles.
Recent estimates show property and violent offense measures that are not among the best-performing nationally, though trends should be evaluated alongside on-site management, lighting, access controls, and collaboration with local resources. As always, asset-level operations can materially influence outcomes versus neighborhood averages.
The workforce draw is anchored by regional employers that support tenant demand and commute convenience, including Lockheed Martin Aeronautics Co., Waste Management - Palmdale, Boston Scientific Neuromodulation, AmerisourceBergen, and Charter Communications.
- Lockheed Martin Aeronautics Co. — aerospace (7.0 miles)
- Waste Management - Palmdale — environmental services (10.38 miles)
- Boston Scientific Neuromodulation — medical devices (33.32 miles)
- AmerisourceBergen — pharmaceuticals distribution (33.34 miles)
- Charter Communications — telecommunications (38.07 miles)
Built in 1987 with 121 units, this property sits in a neighborhood that has sustained high occupancy relative to national benchmarks, supporting predictable leasing and cash flow. Within a 3-mile radius, recent and projected increases in population and households point to a gradually expanding renter pool, which should help stabilize demand even as new supply or amenity limitations influence pricing power. According to CRE market data from WDSuite, neighborhood-level occupancy ranks strongly versus peers, while rent levels remain moderate, aiding retention and measured renewals.
The asset’s vintage is newer than much of the surrounding housing stock, offering a competitive edge versus older product and creating a path for targeted value-add through interior updates and system modernization. Offset considerations include a lower neighborhood renter concentration, below-average school ratings, limited immediate amenities, and safety metrics that trail national medians—factors best addressed through operational focus and conservative underwriting.
- Neighborhood occupancy trends support stable leasing and renewal potential.
- 3-mile population and household growth expand the future renter base.
- 1987 construction offers competitive positioning versus older local stock with value-add upside.
- Moderate rent levels favor retention and steady cash flow management.
- Risks: lower renter concentration, limited nearby amenities, below-median safety and school ratings.