| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 33rd | Poor |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 44958 10th St W, Lancaster, CA, 93534, US |
| Region / Metro | Lancaster |
| Year of Construction | 1988 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
44958 10th St W Lancaster Multifamily Investment
This 51-unit property benefits from strong neighborhood-level occupancy at 93.2% and a predominantly rental market where 85% of housing units are renter-occupied, according to CRE market data from WDSuite.
Lancaster's Inner Suburb designation reflects established residential density with strong rental demand fundamentals. The neighborhood ranks in the top quartile nationally for renter occupancy share at 85%, indicating sustained multifamily housing demand. Current neighborhood-level occupancy stands at 93.2%, providing a stable foundation for investor cash flows.
Demographic data within a 3-mile radius shows a balanced tenant base with 53.5% of housing units renter-occupied and median household income of $64,944. Population growth of 9.2% over five years supports expanding renter pools, while forecasted household growth of 29.1% through 2028 suggests continued absorption capacity for multifamily units.
The property's 1988 construction year positions it within an older housing stock environment, where the neighborhood average construction year is 1953. This vintage differential may present value-add renovation opportunities to capture higher rents while addressing deferred maintenance typical of aging building stock.
Local amenity density supports tenant retention with above-average restaurant and grocery access. The neighborhood ranks in the 94th percentile nationally for grocery stores per square mile and 99th percentile for restaurant density, contributing to livability factors that influence lease renewal rates.
Crime metrics indicate mixed conditions relative to the broader Los Angeles metro area. The neighborhood ranks 1,117th among 1,441 metro neighborhoods for overall crime, placing it in the lower half of the region. However, both property and violent crime rates showed year-over-year declines of 19.5% and 14.6% respectively, suggesting improving trends that may support tenant retention and leasing velocity.
National comparisons place the area in the 36th percentile for crime, indicating room for improvement relative to neighborhoods nationwide. Investors should factor security considerations into property management strategies and monitor local law enforcement initiatives that could influence long-term safety perceptions among prospective tenants.
The Lancaster area benefits from proximity to major aerospace and defense employers, providing workforce housing opportunities for a stable employment base.
- Lockheed Martin Aeronautics Co. — defense & aerospace (6.5 miles)
- Waste Management - Palmdale — waste services (9.2 miles)
- Boston Scientific Neuromodulation — medical devices (30.0 miles)
- Amerisourcebergen — pharmaceutical distribution (30.1 miles)
The 51-unit property leverages Lancaster's strong rental market fundamentals, where 85% of neighborhood housing units are renter-occupied and occupancy maintains stability at 93.2%. Commercial real estate analysis from WDSuite indicates the area's Inner Suburb classification supports consistent multifamily demand, while demographic projections show 29.1% household growth through 2028 expanding the potential tenant base.
The 1988 construction year offers value-add potential in a neighborhood where average building vintage dates to 1953, allowing strategic renovations to capture rent premiums. However, investors should account for the area's below-average household income levels and monitor crime trends, as safety improvements will be crucial for maintaining competitive positioning in the broader Los Angeles metro market.
- High renter occupancy share at 85% indicates strong multifamily demand
- Stable neighborhood occupancy at 93.2% supports cash flow predictability
- Forecasted 29.1% household growth through 2028 expands tenant pool
- Value-add renovation potential with 1988 vintage in older housing stock
- Risk consideration: Below-metro income levels may limit rent growth potential