| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 28th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 43460 32nd St W, Lancaster, CA, 93536, US |
| Region / Metro | Lancaster |
| Year of Construction | 1982 |
| Units | 120 |
| Transaction Date | 2011-04-01 |
| Transaction Price | $9,500,000 |
| Buyer | AV Apartments LLC |
| Seller | AV Investors LLC |
43460 32nd St W Lancaster 120-Unit Multifamily
Neighborhood occupancy has generally held in the low-90% range with a meaningful renter-occupied presence, supporting stable demand for a 120-unit asset, according to WDSuite s CRE market data. Elevated for-sale housing costs in the area further sustain renter reliance on multifamily housing.
Located in Lancaster s inner suburban fabric of Los Angeles County, the property sits in a renter-supported area where neighborhood occupancy is steady and the share of renter-occupied units underpins a durable tenant base. Elevated home values relative to local incomes indicate a high-cost ownership market, which tends to reinforce pricing power and lease retention for multifamily operators.
Parks are a relative strength, with park access performing in the top quartile nationally, while everyday retail like grocery, pharmacies, and cafes is thinner in the immediate neighborhood. For investors, this mix suggests residents may rely on a broader trade area for errands, but recreational open space is competitive among Los Angeles metro neighborhoods. Average school ratings in the neighborhood track below national norms; operators may wish to position amenities and unit finishes to appeal to households prioritizing value and convenience.
Within a 3-mile radius, population and household counts have increased in recent years, and forecasts point to continued household growth alongside a gradual decrease in average household size. This combination typically broadens the renter pool and supports occupancy stability, especially for well-managed assets with practical floor plans around the neighborhood s typical unit sizes.
The property s 1982 vintage is older than the neighborhood s average construction year, creating straightforward value-add and capital planning angles. Targeted renovations and system upgrades can improve competitive positioning versus newer stock while keeping an eye on operating expenses.
Safety trends are mixed. The neighborhood sits below the national median on safety measures, but recent data indicates a year-over-year decline in violent incidents, while property-related incidents have risen over the past year. For investors, this suggests monitoring security practices and lighting/common-area controls, and aligning insurance and operating protocols with current conditions.
Compared with neighborhoods nationwide, the area is not among the top-quartile for safety; however, the downward trend in violent offenses is a constructive signal. Owners can mitigate risk through preventative measures and resident engagement without relying on block-level assumptions.
Nearby employers span aerospace, environmental services, medical devices, pharmaceutical distribution, and advanced materials, providing a diversified employment base that supports leasing velocity and retention for workforce-oriented multifamily.
- Lockheed Martin Aeronautics Co. aerospace (5.9 miles)
- Waste Management - Palmdale environmental services (7.6 miles)
- Boston Scientific Neuromodulation medical devices (27.0 miles)
- AmerisourceBergen pharmaceutical distribution (27.1 miles)
- Avery Dennison materials & labeling (35.8 miles) HQ
This 120-unit property at 43460 32nd St W offers an operational footing in a renter-supported pocket of Lancaster where neighborhood occupancy has remained steady and elevated ownership costs help sustain multifamily demand. According to CRE market data from WDSuite, the area s for-sale pricing context supports renter reliance, which can aid lease retention and revenue stability when paired with disciplined expense control.
Built in 1982, the asset is older than the neighborhood s average vintage, pointing to practical value-add levers: interior updates, curb appeal, and selective system upgrades to improve competitiveness versus newer stock. Within a 3-mile radius, both recent and projected increases in households alongside slightly smaller average household sizes indicate a larger tenant base over time, supporting occupancy and leasing momentum. Limited immediate retail amenities and below-average school ratings are considerations; positioning and management can offset these factors while leveraging proximity to regional employment.
- Steady neighborhood occupancy and meaningful renter concentration support demand durability.
- High-cost ownership market bolsters renter reliance and pricing power potential.
- 1982 vintage provides value-add and capital planning avenues to enhance competitive positioning.
- Household growth within 3 miles indicates a broadening tenant base and supports occupancy stability.
- Risks: thinner nearby retail, below-average school ratings, and mixed property crime trends warrant proactive management.