| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 15th | Poor |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2010 E Ave R, Palmdale, CA, 93550, US |
| Region / Metro | Palmdale |
| Year of Construction | 1984 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2010 E Ave R Palmdale Multifamily Investment
Neighborhood occupancy is strong and supports rent-roll stability for an 80-unit asset, according to WDSuite’s CRE market data for the immediate area rather than the property itself.
Located in Palmdale’s inner-suburban fabric of the Los Angeles metro, the property sits in a neighborhood with above-median occupancy among 1,441 metro neighborhoods, indicating steady renter demand and reduced downtime between turns. Median contract rents in the area trend in the upper tiers nationally, so lease management should balance pricing power with retention planning.
Livability is mixed but functional for workforce renters: groceries and pharmacies are relatively accessible compared with many U.S. neighborhoods, while cafes, parks, and childcare density are limited. Average school ratings are below national norms; investors should underwrite to demand drivers beyond school quality and focus on commute convenience and value positioning.
Tenure patterns show a meaningful renter-occupied share (about half of housing units), which signals a workable depth of the tenant base for multifamily leasing. With a value-to-income environment that reflects a high-cost ownership market locally, multifamily housing tends to capture households prioritizing more accessible monthly payments, supporting retention and steady absorption.
Demographics within a 3-mile radius show recent population growth alongside an increase in households, expanding the local renter pool. Forecasts point to continued household gains and slightly smaller average household size over the next five years, which can support leasing velocity and occupancy stability if unit mixes and finishes align with demand, based on commercial real estate analysis from WDSuite.
Vintage context: built in 1984, the asset is slightly newer than the neighborhood’s average construction year. That positioning helps competitiveness versus older stock, though investors should still anticipate selective modernization or systems updates to meet current renter expectations.
Safety indicators for the neighborhood are below the metro median (crime rank 931 out of 1,441 Los Angeles-area neighborhoods), and national comparisons place the area below the U.S. median for safety. However, recent trend data shows a year-over-year decline in violent offenses, suggesting some improvement in conditions. Investors should incorporate prudent security measures and underwriting assumptions that reflect neighborhood-level risk while recognizing the directional improvement.
The employment base features aerospace, waste services, and healthcare/distribution within commuting distance, supporting workforce housing demand and lease retention for nearby multifamily: Lockheed Martin Aeronautics Co., Waste Management - Palmdale, AmerisourceBergen, Boston Scientific Neuromodulation, and Charter Communications.
- Lockheed Martin Aeronautics Co. — defense & aerospace (2.9 miles)
- Waste Management - Palmdale — waste services (3.2 miles)
- AmerisourceBergen — pharmaceutical distribution (28.7 miles)
- Boston Scientific Neuromodulation — medical devices (29.1 miles)
- Charter Communications — telecommunications (29.4 miles)
This 1984-vintage, 80-unit property benefits from a neighborhood with above-median occupancy and a renter base supported by a high-cost ownership market. Within a 3-mile radius, recent population growth and an expanding household count point to a larger tenant pool, while proximity to established employers supports steady leasing. Modernization initiatives targeting interiors and common areas can further differentiate the asset versus older stock.
According to CRE market data from WDSuite, neighborhood occupancy trends outpace many Los Angeles metro peers and local rent levels sit in higher national tiers, reinforcing pricing power when paired with thoughtful retention strategies. Forward-looking household growth and slightly smaller household sizes suggest continuing depth for well-configured units.
- Above-median neighborhood occupancy supports stable collections and reduced downtime
- Expanding 3-mile household base strengthens the tenant pool and leasing velocity
- 1984 vintage offers competitive positioning with potential value-add via targeted updates
- Employment access to aerospace, services, and healthcare/distribution underpins renter demand
- Risk: Safety metrics are below metro median; prudent operations and underwriting are advised