| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 48th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6709 Columbia Way, Lancaster, CA, 93536, US |
| Region / Metro | Lancaster |
| Year of Construction | 2010 |
| Units | 75 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6709 Columbia Way Lancaster Multifamily Investment
This 75-unit property built in 2010 benefits from strong neighborhood-level occupancy at 96.8% and elevated home values that sustain rental demand, according to CRE market data from WDSuite.
Located in Lancaster's inner suburb environment, this neighborhood demonstrates solid fundamentals for multifamily investors. The area ranks in the top quartile among 1,441 Los Angeles metro neighborhoods for housing metrics, with neighborhood-level occupancy at 96.8% and renter-occupied units comprising 43.8% of the housing stock. These tenure patterns reflect a substantial rental market that supports consistent demand for multifamily properties.
The property's 2010 construction year positions it well within the local housing landscape, offering reduced near-term maintenance requirements compared to older stock while avoiding the premium costs associated with newer developments. Demographic data within a 3-mile radius shows a population of approximately 30,300 residents with household growth of 7.3% over recent years, indicating expanding renter pool potential that supports occupancy stability.
Home values in the neighborhood average $572,939, ranking in the 88th percentile nationally, which limits accessibility to ownership and reinforces reliance on rental housing. The median household income of $54,470 creates a rent-to-income ratio that requires careful lease management considerations, though the strong occupancy trends suggest effective market absorption. Schools in the area average a 3.0 rating, providing adequate educational amenities that support family tenant retention.
The neighborhood demonstrates competitive safety metrics among Los Angeles metro area communities, ranking 495th out of 1,441 neighborhoods for overall crime rates and achieving the 70th percentile nationally. Property crime rates show improvement trends with a 23.6% decline over the past year, while violent crime has decreased significantly by 67.7%, placing the area in the 94th percentile for crime reduction nationally.
These improving safety trends support tenant retention and property appeal, with current crime metrics indicating above-average conditions compared to the broader metro region. The positive trajectory in both property and violent crime statistics suggests strengthening neighborhood fundamentals that benefit long-term investment positioning.
The Lancaster area benefits from proximity to diverse corporate employers that support workforce housing demand, with several major companies providing employment stability within commuting distance.
- Waste Management - Palmdale — waste services (7.9 miles)
- Lockheed Martin Aeronautics Co. — defense & aerospace (8.1 miles)
- Boston Scientific Neuromodulation — medical devices (23.1 miles)
- Amerisourcebergen — pharmaceutical distribution (23.2 miles)
- Charter Communications — telecommunications (31.2 miles)
This Lancaster multifamily property offers investors exposure to a stabilized rental market with strong occupancy fundamentals and demographic growth drivers. The neighborhood's 96.8% occupancy rate substantially exceeds typical market averages, while elevated home values create sustained rental demand by limiting ownership accessibility. Demographic projections within a 3-mile radius indicate 13.7% population growth through 2028, expanding the potential tenant base and supporting long-term absorption.
The 2010 construction vintage positions the asset favorably for capital planning, offering modern amenities without the premium associated with new construction. According to multifamily property research from WDSuite, the area's improving safety metrics and proximity to major employers including Lockheed Martin and Waste Management provide additional stability factors that support tenant retention and lease renewals.
- Strong neighborhood occupancy at 96.8% indicates effective market absorption
- Elevated home values sustain rental demand by limiting ownership competition
- Projected 13.7% population growth expands potential tenant base through 2028
- 2010 construction reduces near-term capital expenditure requirements
- Risk: Lower household incomes require active lease management and retention strategies