| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 28th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 43331 30th St W, Lancaster, CA, 93536, US |
| Region / Metro | Lancaster |
| Year of Construction | 1982 |
| Units | 61 |
| Transaction Date | 2013-12-20 |
| Transaction Price | $5,998,059 |
| Buyer | RELIANT SAN GABRIEL LP |
| Seller | COLLEGE PARK APARTMENTS LP |
43331 30th St W, Lancaster CA Multifamily Investment
Stabilized renter demand in Lancaster’s inner suburb, supported by a high-cost ownership landscape, points to durable occupancy according to WDSuite’s CRE market data.
The property sits within an inner-suburban pocket of Lancaster where parks are a relative strength and everyday retail is thinner. Neighborhood amenities score Top quartile nationally for park access (strong greenspace supports lifestyle appeal), while cafes, groceries, and pharmacies are limited within the immediate blocks. Restaurants are more competitive versus national norms, providing basic dining options without the density seen closer to core Los Angeles.
Multifamily dynamics indicate steady occupancy at the neighborhood level, with performance sitting above the national median and broadly consistent over the past few years. Renter concentration is around one-third of housing units, suggesting a modest but reliable tenant base that can support ongoing leasing. Within a 3-mile radius, household and population growth over the past five years has expanded the potential renter pool, and WDSuite’s commercial real estate analysis points to further renter demand as households continue to increase.
Ownership costs in the neighborhood are elevated relative to many U.S. areas, which tends to sustain reliance on rental housing and can support retention and pricing power for well-positioned assets. At the same time, rent-to-income levels remain manageable in this area, helping limit near-term affordability pressure and supporting occupancy stability.
The asset’s 1982 construction is older than the neighborhood average vintage, creating an opportunity for targeted value-add and systems modernization. Strategic upgrades—curb appeal, interiors, and efficiency—can improve competitive positioning against newer product while informing capital planning and reducing longer-term maintenance exposure.
Safety trends are mixed and should be underwritten with neighborhood context. Relative to the Los Angeles metro’s 1,441 neighborhoods, this area tracks below the metro median, while its national standing is also below average. Recent trends indicate improvement in violent offense rates, which have moved in a more favorable direction year over year, while property-related incidents show a more recent uptick. Investors should weigh these countervailing signals, monitor updated readings, and consider on-site measures to support resident peace of mind.
Nearby employers span aerospace, waste services, and healthcare-related manufacturing and distribution, supporting a diverse commuter base and steady renter demand for workforce housing.
- Lockheed Martin Aeronautics Co. — aeronautics & defense (5.7 miles)
- Waste Management - Palmdale — waste services (7.4 miles)
- Boston Scientific Neuromodulation — medical devices (27.1 miles)
- AmerisourceBergen — pharmaceutical distribution (27.2 miles)
- Avery Dennison — materials & labeling (35.6 miles) — HQ
This 61-unit, 1982-vintage asset offers a straightforward value-add pathway in an inner-suburban Lancaster location where neighborhood occupancy is steady and the 3-mile trade area shows positive population and household growth. Elevated home values in the immediate neighborhood reinforce renter reliance on multifamily, while area rent-to-income levels indicate manageable affordability pressure—favorable for retention and lease management. According to CRE market data from WDSuite, local parks index strongly versus national peers and restaurants are competitive, though day-to-day retail is thinner, pointing to an asset strategy focused on on-site convenience and resident services.
Older physical plant components may warrant targeted capital planning, but thoughtful renovations can enhance positioning versus newer stock and support durable occupancy. Investors should also account for mixed safety signals and lower-rated local schools; underwriting that incorporates security, community engagement, and amenities can help mitigate these considerations while capturing workforce-driven renter demand.
- Value-add potential from 1982 vintage with scope for interior and systems upgrades
- Steady neighborhood occupancy and expanding 3-mile renter base support leasing durability
- Elevated ownership costs underpin rental demand and pricing power for well-positioned units
- Proximity to regional employers supports workforce housing demand
- Risks: thinner retail amenities, mixed safety readings, and lower school ratings warrant active asset management