| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 54th | Good |
| Amenities | 53rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 43538 Gadsden Ave, Lancaster, CA, 93534, US |
| Region / Metro | Lancaster |
| Year of Construction | 1987 |
| Units | 56 |
| Transaction Date | 2017-11-28 |
| Transaction Price | $50,000,000 |
| Buyer | AG CORDOVA PARK OWNER LP |
| Seller | BRE MG CORDOVA PARK LLC |
43538 Gadsden Ave Lancaster 56-Unit Multifamily
Renter demand is reinforced by a very high neighborhood share of renter-occupied housing, supporting leasing depth and retention, according to WDSuite’s CRE market data. Neighborhood occupancy trends are near the national mid-range, pointing to steady operations with room for asset-level differentiation.
Located in Lancaster’s inner-suburban fabric of Los Angeles County, the property’s 1987 vintage is slightly newer than the neighborhood’s average construction year (1981). For investors, this positioning typically improves competitive standing versus older stock while still leaving room for selective system updates or modernization to drive value-add returns.
Neighborhood livability is serviceable with some standout conveniences: restaurant and cafe density sits in the top quartile nationally, while grocery access trends above average. Park space and formal childcare options are limited locally, so on-site amenities and family-friendly programming can help capture and retain residents versus nearby alternatives.
At the neighborhood level, occupancy trends sit near the national median, and the renter-occupied share is exceptionally high. For multifamily owners, that renter concentration signals a deep tenant base and consistent leasing velocity, though it also elevates the importance of resident services and renewal strategies to sustain occupancy stability.
Within a 3-mile radius, demographics point to a growing renter pool: population expanded over the past five years and households increased, with additional gains forecast, indicating a larger tenant base ahead. Median incomes have risen alongside rent levels, which supports pricing power, but rent-to-income ratios in the neighborhood suggest some affordability pressure—an important lease management consideration rather than a constraint on demand.
Relative to many Los Angeles metro neighborhoods (1,441 total), this area experiences higher crime levels and sits below the national safety median. Recent trends are mixed: estimated property offense rates have ticked down year over year, while violent offense estimates increased. For operators, prudent measures—lighting, access control, and resident engagement—can support retention and mitigate operational risk without overstating block-level conditions.
The local employment base blends aerospace, logistics, and corporate services that underpin renter demand and commute convenience for workforce households. Key nearby employers include Lockheed Martin Aeronautics, Waste Management, Boston Scientific, AmerisourceBergen, and Charter Communications.
- Lockheed Martin Aeronautics Co. — aerospace (4.6 miles)
- Waste Management - Palmdale — environmental services (7.3 miles)
- Boston Scientific Neuromodulation — medical devices (29.3 miles)
- AmerisourceBergen — pharmaceuticals distribution (29.3 miles)
- Charter Communications — telecommunications (34.7 miles)
This 56-unit, 1987-vintage asset benefits from a neighborhood with a very high share of renter-occupied housing, reinforcing depth in the tenant base and supporting steady leasing. Dining and cafe density outperforms national norms, and grocery access is solid, creating a livable context that helps retention. According to CRE market data from WDSuite, neighborhood occupancy trends are around the national median, suggesting stable operations where targeted renovations and professional management can differentiate performance.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising, pointing to renter pool expansion that can support occupancy and measured rent growth. While rising incomes support demand, neighborhood rent-to-income levels indicate some affordability pressure, so disciplined renewal strategies and value-driven amenity upgrades are key. Proximity to major employers across aerospace and services further supports demand durability.
- High neighborhood renter concentration supports leasing depth and renewal potential
- 1987 vintage offers competitive positioning with value-add and systems upgrade upside
- Amenities and grocery access above national norms aid retention and marketing
- Expanding 3-mile population and households indicate a growing tenant base
- Risks: below-median safety metrics and affordability pressure require focused operations