| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 13th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 38040 27th St E, Palmdale, CA, 93550, US |
| Region / Metro | Palmdale |
| Year of Construction | 2008 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
38040 27th St E Palmdale Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data. With 2008 construction and scale at 81 units, the asset is positioned to compete for tenants while offering potential operational efficiencies.
Located in an Inner Suburb of the Los Angeles-Long Beach-Glendale metro, the neighborhood posts a high occupancy environment, ranking 110th of 1,441 metro neighborhoods and in the 95th percentile nationally for occupancy. For investors, that level of stability supports lease retention and pricing power through normal cycles, while the area’s renter-occupied share (a higher renter concentration at the neighborhood level) signals a deep tenant base for multifamily.
Amenity access is a relative strength: neighborhood measures for restaurants, groceries, parks, and cafes track at higher national percentiles (restaurants and groceries both upper quartile; parks also strong; cafes among the highest). These are neighborhood-level indicators, not property-specific, and they help underpin day-to-day livability that can support leasing velocity. That said, neighborhood metrics also point to limited nearby pharmacy and childcare options, which may affect some household segments.
The property’s 2008 vintage is slightly newer than the neighborhood’s average construction year of 2006, offering a competitive edge versus older stock. Investors should still plan for mid-life capital items and selective modernization to meet current renter expectations and support NOI.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue expanding, indicating a larger tenant base over time. Rising household incomes in the same radius support demand resilience for quality rentals, while neighborhood home values remain comparatively moderate in a national context. This mix suggests steady renter demand, though lower ownership costs in the area can create some competition with for-sale options; lease management and product differentiation remain important.
Affordability requires attention: neighborhood rent-to-income metrics indicate elevated renter cost burdens compared with many U.S. neighborhoods. For operators, this calls for careful renewal strategies and amenity positioning to sustain occupancy without overextending rents. School ratings at the neighborhood level trend below national averages, which may influence family-driven demand but is often less decisive for workforce-oriented renter cohorts.
Neighborhood safety metrics sit near the national midpoint overall (about the 50th percentile nationwide), with the area ranking 815th out of 1,441 metro neighborhoods. Recent year-over-year trends show improvement, with both property and violent offense estimates declining, which is constructive for renter appeal and retention. These are neighborhood-level indicators and should be interpreted directionally alongside on-the-ground management practices and local policing initiatives.
Proximity to major employers supports a stable renter base oriented to aerospace, logistics, and corporate services. Nearby employers include Lockheed Martin Aeronautics, Waste Management, AmerisourceBergen, Boston Scientific, and Charter Communications — all of which contribute to commuter convenience and demand for multifamily housing.
- Lockheed Martin Aeronautics Co. — defense & aerospace (3.2 miles)
- Waste Management - Palmdale — environmental services (3.9 miles)
- AmerisourceBergen — pharmaceuticals distribution (29.5 miles)
- Boston Scientific Neuromodulation — medical devices (29.8 miles)
- Charter Communications — telecommunications (29.9 miles)
This 81-unit, 2008-built asset benefits from a high-occupancy neighborhood and a renter-heavy housing profile that supports depth of demand. According to CRE market data from WDSuite, the surrounding neighborhood ranks competitively within the Los Angeles-Long Beach-Glendale metro for occupancy and sits in a strong national percentile, reinforcing the case for lease stability. The vintage offers relative competitiveness versus older stock while leaving room for targeted value-add to capture current renter preferences.
Within a 3-mile radius, population and household growth — alongside rising incomes — indicate a larger tenant base ahead, supportive of sustained absorption. Amenity access is favorable at the neighborhood level (food, parks, cafes), while comparatively moderate ownership costs suggest some competition from the for-sale market. Affordability pressure for renters warrants disciplined rent setting and renewal management, and lower neighborhood school ratings and average safety positioning are considerations to underwrite.
- High neighborhood occupancy supports retention and rent stability
- 2008 vintage provides competitive positioning with scope for selective value-add
- 3-mile radius shows population and household growth, expanding the renter pool
- Strong amenity access (restaurants, groceries, parks, cafes) supports leasing velocity
- Risks: renter affordability pressure, average safety, and lower school ratings require conservative underwriting