| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 33rd | Poor |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 45114 Beech Ave, Lancaster, CA, 93534, US |
| Region / Metro | Lancaster |
| Year of Construction | 2006 |
| Units | 36 |
| Transaction Date | 2003-09-10 |
| Transaction Price | $90,000 |
| Buyer | LANCASTER REDEVELOPMENT AGENCY |
| Seller | LOPEZ SALVADOR |
45114 Beech Ave Lancaster Multifamily Investment
This 36-unit property built in 2006 benefits from strong neighborhood-level occupancy at 93.2% and high rental demand, with 84.7% of housing units renter-occupied according to CRE market data from WDSuite.
This inner suburb neighborhood ranks in the top quartile nationally for rental demand, with 84.7% of housing units renter-occupied compared to 99th percentile nationwide. The area maintains 93.2% occupancy rates, providing stability for multifamily investors despite modest median household incomes of $31,150.
Built in 2006, this property is significantly newer than the neighborhood average construction year of 1953, positioning it competitively for tenant retention and reduced near-term capital expenditure needs. Demographics within a 3-mile radius show a growing population base of approximately 84,000 residents, with household growth of 6.9% over five years supporting sustained rental demand.
The neighborhood offers strong amenity access with grocery stores, restaurants, and childcare facilities ranking in the 90th+ percentiles nationally for density. Contract rents average $929 with 32% growth over five years, though affordability pressures exist given the rent-to-income ratio dynamics in this market segment.
Five-year projections indicate continued household formation with 29% growth expected, alongside median income increases to $99,537 by 2028. This demographic expansion supports long-term occupancy stability, though investors should monitor the shift toward homeownership as incomes rise.
Crime metrics show this neighborhood ranking 1,117th among 1,441 metro neighborhoods, placing it in the lower-middle range for the Los Angeles region. Property crime rates have declined 19.5% year-over-year, indicating improving trends that support tenant retention and leasing stability.
Violent crime rates also show improvement with a 14.6% decrease over the past year. While crime levels remain above regional medians, the consistent downward trend provides a more favorable environment for multifamily operations and resident satisfaction.
The area benefits from proximity to major aerospace and defense employers, providing workforce housing opportunities for a stable employment base in the Antelope Valley region.
- Lockheed Martin Aeronautics Co. — defense & aerospace (6.5 miles)
- Waste Management - Palmdale — waste services (9.4 miles)
- Boston Scientific Neuromodulation — medical devices (30.5 miles)
- Amerisourcebergen — pharmaceutical distribution (30.6 miles)
This 36-unit property offers compelling fundamentals with neighborhood-level occupancy of 93.2% and exceptional rental demand evidenced by 84.7% renter-occupied housing units. The 2006 construction provides competitive positioning against the area's older housing stock, while demographic projections show 29% household growth through 2028, supporting sustained tenant demand.
According to multifamily property research from WDSuite, the combination of improving crime trends, strong amenity access, and proximity to aerospace employment creates a stable operating environment. However, investors should monitor affordability pressures as household incomes remain below regional medians, requiring careful lease management and renewal strategies.
- High rental demand with 84.7% renter-occupied units ranking 99th percentile nationally
- Stable 93.2% neighborhood occupancy rates support consistent cash flow
- 2006 construction provides competitive advantage over area's 1953 average vintage
- 29% projected household growth through 2028 expands tenant base
- Risk: Below-median incomes require careful affordability and renewal management