| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 27th | Poor |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 43531 Kirkland Ave, Lancaster, CA, 93535, US |
| Region / Metro | Lancaster |
| Year of Construction | 1984 |
| Units | 82 |
| Transaction Date | 2020-12-04 |
| Transaction Price | $61,440,000 |
| Buyer | AG SIENNA HEIGHTS OWNER LP |
| Seller | BRE MG SIENNA HEIGHTS LLC |
43531 Kirkland Ave Lancaster Multifamily Investment
Neighborhood occupancy is strong and renter demand appears durable for this 82-unit, 1984-vintage asset, based on WDSuite’s CRE market data, supporting stable operations with practical value-add potential.
Local fundamentals point to demand resilience. Neighborhood occupancy is high (top quartile nationally and competitive among Los Angeles-Long Beach-Glendale neighborhoods, ranking 177 out of 1,441), which supports leasing stability for multifamily owners. The share of renter-occupied housing units is elevated in national terms, suggesting a deeper tenant base and steady renewal potential.
Within a 3-mile radius, population and household counts have expanded and are projected to continue rising, indicating a larger tenant base ahead and support for occupancy stability. Median incomes have grown alongside rents, and rent-to-income readings indicate limited affordability pressure relative to many U.S. neighborhoods—helpful for retention management. These patterns are derived from commercial real estate analysis using WDSuite’s datasets.
Ownership is a high-cost option in this part of Los Angeles County (home values and value-to-income measures sit in higher national percentiles), which tends to sustain reliance on multifamily rentals and can aid pricing power during renewals. Day-to-day amenities are present but not dense; grocery access rates comparatively better than cafes and parks, which are thinner in this inner-suburban setting.
The property’s 1984 construction is slightly older than the neighborhood’s average vintage, creating potential value-add angles (interiors, building systems, or common areas) and a need for proactive capital planning to stay competitive versus newer stock.
Safety indicators for the neighborhood trail national and metro norms, with the area ranking toward the lower end among 1,441 Los Angeles-Long Beach-Glendale neighborhoods. One-year trends show modest declines in both property and violent incidents, suggesting gradual improvement, but ongoing security measures and attentive site operations remain prudent for investors.
Proximity to a diverse employment base supports workforce housing demand and resident retention. Nearby nodes include aerospace and defense, environmental services, pharmaceutical distribution, medical devices, and telecommunications offices listed below.
- Lockheed Martin Aeronautics Co. — aerospace & defense (4.5 miles)
- Waste Management - Palmdale — environmental services (7.5 miles)
- AmerisourceBergen — pharmaceutical distribution (30.1 miles)
- Boston Scientific Neuromodulation — medical devices (30.1 miles)
- Charter Communications — telecommunications (35.0 miles)
This 82-unit community benefits from strong neighborhood occupancy and an above-average renter concentration, supporting stable leasing and renewal depth. Within a 3-mile radius, population and household growth expand the prospective tenant base, while a high-cost ownership landscape in Los Angeles County tends to reinforce reliance on rental housing—favorable for pricing power and lease retention.
Built in 1984, the asset presents clear value-add pathways through interior modernization and systems upgrades to improve competitive positioning versus newer stock. According to multifamily property research from WDSuite, neighborhood occupancy trends remain elevated versus national norms, and rent-to-income readings suggest manageable affordability pressure—providing a foundation for disciplined revenue management. Investors should balance these strengths against below-average safety metrics and a thinner local amenity mix.
- High neighborhood occupancy supports leasing stability and renewal rates.
- Expanding 3-mile population and households indicate a growing renter pool.
- High-cost ownership market sustains rental demand and potential pricing power.
- 1984 vintage enables value-add through interior and building-system upgrades.
- Risks: below-average safety indicators and thinner amenity density require active management.