| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 33rd | Poor |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 838 W Jackman St, Lancaster, CA, 93534, US |
| Region / Metro | Lancaster |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
838 W Jackman St Lancaster Multifamily Investment
Neighborhood renter-occupied share is high and occupancy has held near the low-90s, supporting demand resilience for stabilized multifamily, according to WDSuite’s CRE market data.
The property sits in a B+ rated Inner Suburb neighborhood of the Los Angeles metro (ranked 503 among 1,441), which is competitive among Los Angeles-Long Beach-Glendale neighborhoods and above the metro median. Local occupancy for the neighborhood is about 93%, and a high renter-occupied share (at the neighborhood level) indicates a deep tenant base that can support leasing stability for small and mid-size assets.
Amenity access is a strength: dining and cafes are dense (restaurants and cafés rank in the top quartile nationally), with groceries, parks, and pharmacies also around the 90th percentile nationwide. This mix supports day-to-day convenience and helps with resident retention as leases roll.
At 1986 construction, the asset is newer than the neighborhood’s older housing stock (average vintage early 1950s). That positioning can be a competitive advantage versus legacy properties, while still leaving room for targeted system upgrades or common-area refreshes to support rent growth and reduce near-term capex surprises.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with forward projections calling for additional increases in both households and incomes. That expansion suggests a larger tenant base over time, reinforcing demand for rental units even as ownership preferences evolve.
Elevated home values relative to incomes (high value-to-income ratios at the neighborhood level) characterize a high-cost ownership market in this part of Los Angeles County, which can sustain reliance on multifamily housing. However, rent-to-income levels indicate affordability pressure for some renter cohorts; investors should plan for careful lease management and amenity positioning to support retention.
Compared with many Los Angeles-Long Beach-Glendale neighborhoods (ranked 1,117 of 1,441), the area trends below metro average for safety. Nationally, the neighborhood sits in lower safety percentiles; however, both property and violent offense rates have improved year over year, with double-digit declines according to WDSuite’s CRE market data.
For investors, these trends suggest continued emphasis on professional management, lighting, and resident engagement to support on-site safety perception and retention, while acknowledging the broader-area context.
Nearby employers provide a diverse employment base that can support renter demand and shorten commutes, led by aerospace, waste services, medical devices, pharmaceutical distribution, and packaging materials.
- Lockheed Martin Aeronautics Co. — aerospace (6.4 miles)
- Waste Management - Palmdale — environmental services (9.1 miles)
- Boston Scientific Neuromodulation — medical devices (30.0 miles)
- AmerisourceBergen — pharmaceutical distribution (30.1 miles)
- Avery Dennison — packaging & materials (37.9 miles) — HQ
838 W Jackman St is a 1986-vintage, small-scale multifamily in Lancaster positioned in a B+ neighborhood with strong amenity access and a high neighborhood renter-occupied share. Neighborhood occupancy is around 93%, and, according to CRE market data from WDSuite, food, grocery, and daily-needs amenities rank among the stronger cohorts nationally—factors that support retention. Being newer than much of the surrounding stock creates an opening to compete on condition and operations while targeting selective upgrades for value-add.
Within a 3-mile radius, population and household counts have grown and are projected to expand further, pointing to a larger tenant base over time. Elevated ownership costs in the neighborhood context reinforce reliance on rentals, though rent-to-income levels signal affordability pressure to monitor. Proximity to established employers further supports demand depth.
- Competitive B+ neighborhood with strong amenity access and ~93% neighborhood occupancy
- 1986 vintage offers operational edge versus older stock, with targeted renovation upside
- 3-mile radius growth and rising incomes expand the renter pool and support leasing
- Nearby employers in aerospace, medical devices, and distribution underpin workforce demand
- Risks: neighborhood safety ranks below metro average and affordability pressure requires careful lease and expense management