| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 15th | Poor |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37925 30th St E, Palmdale, CA, 93550, US |
| Region / Metro | Palmdale |
| Year of Construction | 1973 |
| Units | 108 |
| Transaction Date | 1997-01-30 |
| Transaction Price | $2,075,000 |
| Buyer | H K REALTY INC |
| Seller | VILLA SIERRA LTD LIABILITY COMPANY |
37925 30th St E Palmdale Multifamily Investment
Neighborhood occupancy in this Palmdale submarket is high, supporting income stability for well-run assets, according to WDSuite’s CRE market data. With established renter demand and limited new competitive stock nearby, the area favors steady operations for a 100+ unit community.
Situated in Palmdale’s Inner Suburb of Los Angeles County, the property benefits from a renter-occupied share near the mid-40s at the neighborhood level, indicating a meaningful tenant base for multifamily. Neighborhood occupancy is strong (87th percentile nationally), which supports leasing durability and lower downtime for comparable assets; these figures reflect neighborhood conditions, not this specific property.
Livability is anchored by everyday conveniences more than lifestyle retail: grocery and pharmacy access score well relative to national peers, while cafes and parks are sparse. Average school ratings in the immediate area are low, a factor to consider for family-oriented leasing strategies, though commute-oriented renters may prioritize value and access over school quality.
Home values in the neighborhood are elevated relative to income levels (high value-to-income ratio), creating a high-cost ownership market that can reinforce reliance on rentals and support retention. Median asking rents benchmark in the upper national range, while the rent-to-income ratio around the mid‑20s suggests affordability pressure is manageable for many households — a mix that can aid lease stability and pricing discipline. For investors conducting multifamily property research, these dynamics point to a tenant base that is broad but price-aware.
Within a 3-mile radius, WDSuite shows population and household growth over the last five years with projections for further gains by 2028, implying a larger renter pool and continued demand for professionally managed apartments. The local construction vintage averages early 1980s, and this asset’s 1973 delivery is older than the neighborhood norm — an indicator of potential value‑add through renovations and selective capital improvements to enhance competitive positioning.
Safety indicators are mixed. The neighborhood ranks below the metro median on crime when compared with 1,441 Los Angeles–area neighborhoods, placing it in a more challenging portion of the distribution. Nationally, overall safety aligns around the mid-range, indicating conditions that warrant standard risk controls for on-site management and design.
Trend data from WDSuite points to a year-over-year decrease in violent offenses (a positive signal), while property-related offenses increased over the same period. In practice, investors often address such mixed trends through lighting, access control, and active management, calibrated to submarket norms.
Proximity to major employers supports workforce housing demand and commute convenience, notably from Lockheed Martin Aeronautics, Waste Management, AmerisourceBergen, Charter Communications, and Boston Scientific.
- Lockheed Martin Aeronautics Co. — aerospace & defense (3.4 miles)
- Waste Management - Palmdale — environmental services (4.1 miles)
- Amerisourcebergen — pharmaceuticals distribution (29.6 miles)
- Charter Communications — telecommunications (29.9 miles)
- Boston Scientific Neuromodulation — medical devices (29.9 miles)
37925 30th St E is a 108‑unit 1973 vintage community positioned in a neighborhood with strong occupancy and a meaningful renter base. Based on CRE market data from WDSuite, neighborhood occupancy trends remain high versus many peer areas, supporting stable operations when paired with disciplined leasing. The asset’s older vintage suggests clear value‑add potential through unit and systems modernization to compete against early‑1980s stock.
Within a 3‑mile radius, population and household counts have grown with additional gains projected by 2028, indicating a larger tenant base and demand support. Elevated ownership costs in the area tend to sustain rental reliance, while rent-to-income around the mid‑20s favors retention and measured rent growth rather than aggressive pushes. Primary risks include limited lifestyle amenities and mixed safety trends, which place a premium on property management and targeted improvements.
- High neighborhood occupancy supports leasing stability and reduced downtime
- 1973 vintage creates value‑add runway via renovations and systems upgrades
- 3‑mile radius growth points to a larger tenant base and sustained demand
- Elevated ownership costs reinforce renter reliance, aiding retention
- Risks: mixed safety signals and thinner lifestyle amenities require active management