| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 56th | Good |
| Amenities | 71st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 43415 20th St W, Lancaster, CA, 93534, US |
| Region / Metro | Lancaster |
| Year of Construction | 1988 |
| Units | 21 |
| Transaction Date | 2000-04-12 |
| Transaction Price | $1,300,000 |
| Buyer | ABRAHAMI DANIEL S |
| Seller | SMITH BRIT O |
43415 20th St W, Lancaster CA Multifamily Investment
Neighborhood occupancy trends are strong and renter demand is durable, according to WDSuite’s CRE market data, supporting a stable income profile for well-managed assets in Lancaster.
Located in Lancaster’s inner-suburb fabric of the Los Angeles-Long Beach-Glendale metro, the neighborhood scores competitive among 1,441 metro neighborhoods, reflecting balanced fundamentals for multifamily. Grocery, park, and restaurant access sit in the upper tiers nationally, while café density is limited. Average school ratings track below national norms, which investors should factor into leasing strategy and tenant profile.
Operationally, neighborhood occupancy is in the top quartile nationally and above the metro median, a constructive signal for revenue stability and lease retention. Median asking rents in the neighborhood are above national levels and have risen meaningfully over the last five years, indicating sustained renter willingness to pay for well-located units.
Within a 3-mile radius, population and households have grown over the last five years and are projected to continue expanding, pointing to a larger tenant base and support for future absorption. Just over half of housing units in this 3-mile area are renter-occupied, suggesting depth in the renter pool and steady multifamily demand.
Home values in the neighborhood are elevated relative to incomes, which tends to reinforce reliance on rental housing and can support pricing power for competitive product. Rent-to-income levels remain manageable in context, which can aid renewal capture and reduce turnover risk. These dynamics, based on CRE market data from WDSuite, position the area as a practical fit for workforce-oriented multifamily.
Safety indicators for the neighborhood track below the national median, and the area ranks weaker than many Los Angeles-Long Beach-Glendale peers. That said, recent trends show violent offense estimates declining year over year, while property offense measures have moved higher; investors should underwrite with a focus on lighting, access control, and resident screening to mitigate risk.
In comparative terms, the national safety standing is not in the top half of neighborhoods nationwide, but the recent improvement in violent incidents is a constructive signal. Framing expectations against the broader metro, this submarket remains serviceable for workforce housing when paired with appropriate onsite security practices and community engagement.
The local employment base mixes aerospace, services, and healthcare-adjacent corporate operations, supporting commuter convenience and leasing stability for workforce renters. Notable nearby employers include Lockheed Martin Aeronautics, Waste Management, Boston Scientific, AmerisourceBergen, and Charter Communications.
- Lockheed Martin Aeronautics Co. — aerospace (5.2 miles)
- Waste Management - Palmdale — waste services (7.3 miles)
- Boston Scientific Neuromodulation — medical devices (28.0 miles)
- AmerisourceBergen — pharmaceutical distribution (28.1 miles)
- Charter Communications — telecommunications (34.1 miles)
Built in 1988, this 21-unit asset offers potential to capture durable cash flow in a neighborhood where occupancy is strong and renter demand is broad-based. Elevated ownership costs relative to incomes help sustain reliance on rentals, while rent-to-income levels indicate room for disciplined pricing without overextending residents. According to CRE market data from WDSuite, the surrounding area’s access to daily-needs amenities and solid workforce employer base further supports leasing velocity and retention.
The vintage suggests room for targeted renovations and systems upgrades to enhance competitiveness versus newer stock, with scope to lift effective rents and improve operating efficiency. Forward-looking household growth within a 3-mile radius points to a larger tenant base over time; key risks to underwrite include below-average school ratings, mixed safety indicators, and sensitivity to economic shifts in the aerospace and services sectors.
- Strong neighborhood occupancy supports income stability and renewal capture
- Elevated ownership costs reinforce rental demand and pricing power
- 1988 vintage provides value-add potential through targeted renovations
- Workforce employer base within commuting range supports leasing
- Risks: below-average school ratings, mixed safety trends, and cyclical exposure