| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 63rd | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3244 W Ave J8, Lancaster, CA, 93536, US |
| Region / Metro | Lancaster |
| Year of Construction | 1986 |
| Units | 67 |
| Transaction Date | 2017-07-24 |
| Transaction Price | $7,300,000 |
| Buyer | HIDDEN FALLS 67 LP |
| Seller | GOLLA OTTOSI LINDA ANN |
3244 W Ave J8 Lancaster Multifamily Investment
Neighborhood occupancy sits near the low-90s, indicating steady baseline leasing conditions in a suburban pocket of Lancaster, according to WDSuite’s CRE market data. Investor focus centers on stable renter demand and income depth rather than amenity-driven premiums.
This suburban Lancaster location offers everyday convenience by car more than walkable retail. Neighborhood amenity density is limited, so residents typically access shopping and services along regional corridors. For multifamily owners, that places emphasis on onsite management, parking, and in-community features to support retention.
School quality is a relative bright spot, with the neighborhood s average school rating landing in the top quartile nationally. That positioning can support family-oriented renter demand compared with other Los Angeles-Long Beach-Glendale submarkets, even if local retail options are thinner.
Occupancy in the neighborhood is below the metro median among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, pointing to more competitive leasing than core infill areas. However, demographics aggregated within a 3-mile radius show recent population growth and a larger household base, which expands the tenant pool and supports leasing velocity.
Tenure dynamics reinforce demand depth: within a 3-mile radius, the renter-occupied share provides a sizable base for multifamily, while elevated ownership costs in greater Los Angeles mean many households rely on rentals. Median contract rents register on the higher end nationally, so operators should prioritize value delivery and service to sustain renewal rates.
Safety indicators track around the national midpoint overall, with recent year-over-year improvement in violent offense rates. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood is competitive but not top quartile, so prudent lighting, access control, and community engagement remain important for tenant retention.
Proximity to major aerospace, environmental services, medical devices, pharmaceutical distribution, and telecom employers underpins a diversified workforce renter base and commute convenience for residents. The employers below represent key demand drivers within practical commuting range.
- Lockheed Martin Aeronautics Co. — aerospace (6.6 miles)
- Waste Management - Palmdale — environmental services (8.3 miles)
- Boston Scientific Neuromodulation — medical devices (27.3 miles)
- Amerisourcebergen — pharmaceutical distribution (27.5 miles)
- Charter Communications — telecom (34.5 miles)
Built in 1986, the 67-unit asset is slightly older than the neighborhood 19s average vintage, suggesting targeted renovations and systems updates could unlock operational upside while remaining competitive against newer stock. According to CRE market data from WDSuite, local occupancy trends are around the metro median, so leasing success will be driven by unit quality, management execution, and positioning on value rather than walkable amenities.
Demographics within a 3-mile radius indicate recent population and household growth with further expansion projected, pointing to a larger tenant base over time. Income gains and a rent-to-income profile that is not overextended support retention and measured pricing power, while the area s car-oriented setup and limited nearby retail underscore the importance of on-site offerings and curb appeal. Overall, this location suits a durable, operations-led plan with selective value-add.
- Slightly older 1986 vintage offers value-add and capital planning opportunities
- Occupancy near metro median; execution and unit quality drive leasing stability
- 3-mile demographics show growing households and income, expanding the renter pool
- Proximity to aerospace and diversified employers supports steady workforce demand
- Risk: limited neighborhood amenities and car dependence require stronger on-site offerings