| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 26th | Poor |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 43711 Challenger Way, Lancaster, CA, 93535, US |
| Region / Metro | Lancaster |
| Year of Construction | 1985 |
| Units | 28 |
| Transaction Date | 2019-06-28 |
| Transaction Price | $3,225,000 |
| Buyer | GROUP XIII PROPERTIES LP |
| Seller | INFINITY CHALLENGER LLC |
43711 Challenger Way Lancaster Multifamily Investment
This 28-unit property benefits from neighborhood-level occupancy of 97.2%, well above the 84th national percentile according to WDSuite's CRE market data. Strong renter concentration at 32.6% of housing units supports consistent tenant demand in this Antelope Valley location.
Located in Lancaster's inner suburban neighborhood, this area demonstrates solid occupancy fundamentals with neighborhood-level occupancy at 97.2%, ranking in the 84th national percentile among comparable neighborhoods. The 32.6% renter-occupied housing concentration supports multifamily demand depth, while median contract rents of $1,588 reflect competitive pricing within the broader Los Angeles-Long Beach-Glendale metro area.
Demographics within a 3-mile radius show a population of approximately 83,500 residents, with projected growth to 94,200 by 2028 — a 12.7% increase that expands the potential tenant base. Household formation is expected to accelerate, with households increasing 30.8% over the five-year forecast period. The area maintains a balanced age distribution, with 24.1% of residents aged 18-34 and 36.2% in the prime renting demographic of 35-64.
The property's 1985 construction year aligns closely with the neighborhood average of 1982, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to enhance unit appeal and rental premiums. Home values averaging $325,105 with recent appreciation of 73.8% over five years reinforce rental demand, as elevated ownership costs limit accessibility to homeownership and sustain reliance on rental housing.
Amenity access includes adequate grocery store density at 3.32 per square mile, ranking in the 91st national percentile, and childcare facilities at 0.83 per square mile in the 79th percentile nationwide. However, limited park and cafe access may require consideration for tenant retention strategies focused on other lifestyle amenities.
The neighborhood's safety profile ranks 1,004th among 1,441 Los Angeles metro neighborhoods, placing it in the 41st national percentile for overall crime metrics. Property crime rates of 830.5 per 100,000 residents have declined 13.7% year-over-year, indicating improving trends that support tenant retention and leasing stability.
Violent crime rates at 257.4 per 100,000 residents have decreased 15.2% annually, demonstrating positive momentum in neighborhood security conditions. While the area ranks below average compared to other metro neighborhoods, the downward trajectory in both property and violent crime suggests stabilizing conditions that may benefit long-term occupancy rates.
The property benefits from proximity to major aerospace and corporate employers that anchor the regional employment base, supporting workforce housing demand and commuter convenience for tenants.
- Lockheed Martin Aeronautics Co. — defense & aerospace (4.7 miles)
- Waste Management - Palmdale — waste services (7.9 miles)
- Amerisourcebergen — pharmaceutical distribution (30.8 miles)
- Boston Scientific Neuromodulation — medical devices (30.9 miles)
- Charter Communications — telecommunications (35.5 miles)
This Lancaster multifamily property presents stable occupancy fundamentals with neighborhood-level occupancy at 97.2%, significantly outperforming national averages and indicating strong tenant retention potential. The 1985 construction vintage aligns with area norms while offering value-add renovation opportunities to capture rent premiums in a market where contract rents have grown 55.2% over five years.
Demographic projections within a 3-mile radius show household growth of 30.8% through 2028, expanding the tenant base while home values averaging $325,105 sustain rental demand by limiting homeownership accessibility. According to multifamily property research from WDSuite, the combination of strong occupancy metrics and projected renter pool expansion supports long-term investment fundamentals.
- Neighborhood occupancy at 97.2% ranks in 84th national percentile, indicating strong tenant retention
- Projected household growth of 30.8% through 2028 expands potential tenant base
- Home values at $325,105 with 73.8% appreciation sustain rental demand over ownership
- 1985 construction offers value-add potential through strategic unit renovations
- Risk: Crime metrics rank below metro average, requiring ongoing tenant retention focus