| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 27th | Poor |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 43519 Kirkland Ave, Lancaster, CA, 93535, US |
| Region / Metro | Lancaster |
| Year of Construction | 1985 |
| Units | 75 |
| Transaction Date | 2012-09-28 |
| Transaction Price | $23,500,235 |
| Buyer | AG SIENNA HEIGHTS OWNER LP |
| Seller | BRE MG SIENNA HEIGHTS LLC |
43519 Kirkland Ave Lancaster Multifamily Investment
Neighborhood occupancy has been resilient, supporting income stability for professionally managed assets, according to WDSuite’s CRE market data. Investors screening Antelope Valley should note that renter demand is sustained by local workforce drivers and a high-cost ownership market.
This Inner Suburb pocket of Lancaster offers pragmatic fundamentals for workforce-oriented multifamily. Neighborhood occupancy is in the top decile nationally, which supports stable cash flow at the submarket level; this figure reflects neighborhood conditions, not the property. Essential retail is present with grocery access performing above national averages, while cafes and park density are thinner, pointing to a more auto-oriented lifestyle.
Within a 3-mile radius, the renter-occupied share is approximately 54%, signaling a deep tenant base and steady lease-up prospects for garden communities. Median contract rents in the immediate area trail core Los Angeles but have grown meaningfully over the last five years, and the rent-to-income profile around 0.26 suggests manageable affordability pressure relative to many coastal submarkets.
Demographic trends within 3 miles indicate population growth over the last five years with further increases in households projected, expanding the local renter pool and supporting occupancy stability. Household mix is broad across income bands, consistent with demand for larger, value-oriented floor plans.
Ownership costs are elevated for the area compared with national benchmarks, which tends to reinforce renter reliance on multifamily housing and can aid renewal retention. These dynamics, based on CRE market data from WDSuite, position Lancaster’s eastside neighborhoods as competitive among Los Angeles County’s more affordable rental alternatives.
Safety conditions in the neighborhood sit below national averages (national safety percentile in the mid-30s), so investors should underwrite prudent security and operational protocols. Recent trends are constructive, with both violent and property offenses showing year-over-year declines, indicating incremental improvement rather than a step-change. Comparisons reference neighborhood-level conditions within the Los Angeles–Long Beach–Glendale metro and nationwide; they do not describe block-level risk at the property.
Proximity to aerospace, logistics, and communications employers supports a durable renter base seeking commute convenience. Notable nearby employers include Lockheed Martin Aeronautics Co., Waste Management - Palmdale, AmerisourceBergen, Boston Scientific Neuromodulation, and Charter Communications.
- Lockheed Martin Aeronautics Co. — defense & aerospace (4.4 miles)
- Waste Management - Palmdale — environmental services (7.4 miles)
- AmerisourceBergen — pharmaceutical distribution (30.1 miles)
- Boston Scientific Neuromodulation — medical devices (30.1 miles)
- Charter Communications — telecommunications (35.0 miles)
The property’s Lancaster location benefits from strong neighborhood occupancy and an expanding 3-mile renter pool, driven by population and household growth and anchored by nearby aerospace and logistics employment. Elevated home values in the area sustain renter demand, while rent-to-income levels indicate room for disciplined pricing without overextending tenants.
According to CRE market data from WDSuite, neighborhood occupancy trends remain above national norms, and household counts within 3 miles are projected to increase, supporting long-run leasing stability. Investors should consider modest amenity density and below-average safety metrics in operations and capital plans, but fundamentals indicate durable cash flow potential for well-managed assets.
- High neighborhood occupancy supports income stability
- Expanding 3-mile renter pool from population and household growth
- Elevated ownership costs reinforce multifamily demand and renewals
- Employer proximity (aerospace, logistics, telecom) underpins leasing
- Risks: below-average safety and thinner amenity density require proactive management