| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 54th | Good |
| Amenities | 53rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 43570 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 |
43570 Gadsden Ave Lancaster Multifamily Investment
Steady renter demand supported by a broad workforce base and neighborhood-level occupancy near the metro median, according to WDSuite s CRE market data. Positioning favors durable leasing with selective value-add to enhance competitiveness.
Located in Lancaster s Inner Suburb fabric, the surrounding neighborhood carries a B- rating and ranks 766 out of 1,441 Los Angeles metro neighborhoods roughly around the metro median. Dining and daily-needs coverage are competitive: restaurants and cafes trend in higher national percentiles, while grocery access sits above the national median. Park and childcare options are thinner, which may shape target renter profiles toward value- and convenience-oriented households.
For investors, the tenant base looks durable. Within a 3-mile radius, demographics indicate population growth over the last five years with further gains projected through 2028, alongside an increase in households a setup that generally supports a larger tenant base and lease-up stability. The area shows a renter-occupied share above 50% within that 3-mile radius, suggesting depth in the renter pool for mid-market product.
Neighborhood rent levels land in the upper half of national comparisons and have posted solid multi-year gains, according to WDSuite s commercial real estate analysis. Rent-to-income data indicates manageable affordability pressure relative to many coastal submarkets, which can support retention, though it may moderate the pace of rent increases versus premium urban locales.
The property s 1987 vintage is slightly newer than the neighborhood s average construction year. That positioning typically helps competitiveness versus older stock; however, investors should still plan for targeted system updates and common-area refreshes to meet current renter expectations and sustain occupancy.
Safety indicators for the neighborhood are weaker than many Los Angeles metro peers, with its crime rank positioned in the lower tier (1,272 out of 1,441 neighborhoods). Nationally, safety percentiles trend below average as well. Recent data from WDSuite shows property offenses easing modestly year over year, while violent offense rates increased over the same period, underscoring the importance of security-minded operations and resident engagement.
Proximity to regional employers supports workforce housing demand and commute convenience. Nearby anchors include aerospace, waste services, medical devices, pharmaceutical distribution, and telecommunications a mix that can help sustain leasing and retention.
- Lockheed Martin Aeronautics Co. defense & aerospace offices (4.7 miles)
- Waste Management Palmdale waste services (7.3 miles)
- Boston Scientific Neuromodulation medical devices (29.2 miles)
- AmerisourceBergen pharmaceutical distribution (29.3 miles)
- Charter Communications telecommunications (34.7 miles)
This 56-unit, 1987-vintage asset sits in a neighborhood that scores around the Los Angeles metro median, with dining and grocery access that compare favorably to national norms. According to CRE market data from WDSuite, neighborhood-level occupancy trends are near the metro middle and rents have grown over recent years, suggesting stable demand with measured pricing power. Within a 3-mile radius, both population and household counts have increased and are projected to continue rising, supporting a larger tenant base and lease retention.
The vintage, slightly newer than the local average, provides a platform for targeted upgrades to elevate curb appeal and in-unit finishes without a full repositioning. Affordability indicators suggest manageable rent-to-income pressure, which favors durability of collections and renewals, though it can temper outsized rent growth expectations. Investors should also weigh local safety trends and the limited park/childcare amenity base when planning management and resident-experience initiatives.
- Renter pool expansion within 3 miles supports occupancy stability and lease-up predictability.
- 1987 vintage offers value-add potential through targeted systems and finish updates.
- Competitive access to dining and groceries enhances day-to-day livability for tenants.
- Affordability levels support retention and collections, balancing measured rent growth expectations.
- Risks: below-average safety metrics and thinner park/childcare options require proactive management.