| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Poor |
| Demographics | 53rd | Fair |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5036 W Avenue L8, Lancaster, CA, 93536, US |
| Region / Metro | Lancaster |
| Year of Construction | 1979 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5036 W Avenue L8 Lancaster Multifamily Investment
This 34-unit property built in 1979 sits within a neighborhood showing strong income growth and occupancy stability. According to CRE market data from WDSuite, the area's educated workforce and aerospace proximity support sustained rental demand.
The property's Lancaster neighborhood demonstrates solid fundamentals for multifamily investors, ranking in the top quartile nationally for educational attainment with 34.1% of residents holding bachelor's degrees. Demographics within a 3-mile radius show a population of approximately 58,000 with household income growth of 66% over five years, reaching a median of $104,409. This income trajectory supports rental pricing power and tenant retention.
Built in 1979, the property reflects the neighborhood's average construction vintage, suggesting consistent capital planning needs across the local housing stock. The area maintains a 91.4% occupancy rate with 31.1% of housing units occupied by renters, creating a stable rental market environment. Contract rents in the immediate neighborhood average $2,313, positioning above the broader 3-mile radius median of $1,710.
The neighborhood benefits from solid infrastructure with grocery stores and pharmacies at competitive densities relative to other Los Angeles metro neighborhoods. School ratings average 2.0 out of 5, which may influence family tenant preferences but also supports workforce housing demand. Projected demographic trends through 2028 indicate continued population growth of 5.8% and household formation, expanding the potential renter pool.
Property crime rates in the neighborhood track near metro averages, with an estimated rate of 307.8 incidents per 100,000 residents that ranks in the middle tier among 1,441 Los Angeles metro neighborhoods. More encouraging for investors, both property and violent crime rates have declined year-over-year by 22.6% and 17.2% respectively, indicating improving safety trends.
The neighborhood's overall crime profile places it at the 53rd percentile nationally, reflecting moderate safety conditions typical of suburban Los Angeles communities. Investors should monitor ongoing crime reduction trends as they can positively influence tenant retention and property positioning within the broader market.
The property benefits from proximity to major aerospace and corporate employers that anchor the Antelope Valley's employment base, supporting workforce housing demand for commuting professionals.
- Lockheed Martin Aeronautics Co. — defense & aerospace (6.6 miles)
- Waste Management - Palmdale — waste services (7.2 miles)
- Boston Scientific Neuromodulation — medical devices (24.8 miles)
- Amerisourcebergen — pharmaceutical distribution (24.8 miles)
This Lancaster property offers value-oriented multifamily exposure in a market showing fundamental strength through rising household incomes and stable occupancy metrics. The 1979 construction year presents potential value-add opportunities through strategic renovations, while the neighborhood's highly educated workforce and aerospace employment base provide tenant demand stability. Commercial real estate analysis indicates the area's 91.4% occupancy rate and declining crime trends support operational performance.
Demographics within the 3-mile radius project continued population growth and household formation through 2028, expanding the renter pool. However, investors should consider the moderate school ratings and potential capital expenditure needs given the property's vintage when evaluating total returns and repositioning strategies.
- Strong income growth trajectory with 66% household income increase over five years
- Stable 91.4% neighborhood occupancy rate with established rental demand
- Proximity to major aerospace employers including Lockheed Martin supports workforce housing
- Value-add potential through strategic improvements to 1979-vintage property
- Monitor school ratings and plan for age-related capital expenditures