| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 36th | Fair |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 39129 10th St W, Palmdale, CA, 93551, US |
| Region / Metro | Palmdale |
| Year of Construction | 1985 |
| Units | 27 |
| Transaction Date | 1995-10-30 |
| Transaction Price | $484,500 |
| Buyer | STATE STREET BANK & TRUST COMPANY |
| Seller | MARANTO FRANK |
39129 10th St W Palmdale Multifamily Investment
Neighborhood occupancy is 97.9%, suggesting durable renter demand and low downtime for a 27-unit asset, according to WDSuite’s CRE market data. Positioned in Palmdale’s inner suburb fabric, the property benefits from steady local leasing dynamics relative to broader Los Angeles trends.
The property sits in an Inner Suburb location within the Los Angeles-Long Beach-Glendale metro, where the neighborhood is rated B and ranks 619 out of 1,441 neighborhoods — competitive among Los Angeles-Long Beach-Glendale neighborhoods. Amenity access is a relative strength: restaurants and cafes score in high national percentiles (with cafes notably strong), and parks and groceries are also well represented, supporting daily convenience and resident retention.
For investors underwriting demand, neighborhood occupancy is 97.9% (above national norms), and the renter-occupied share within the neighborhood is roughly one-third, indicating a stable but not oversaturated renter concentration. Within a 3-mile radius, renters account for about 46.5% of housing units, broadening the tenant base and supporting leasing velocity across unit types.
The asset’s 1985 vintage is slightly older than the neighborhood’s average construction year of 1990, which points to manageable capital planning needs and potential value-add through interior updates and common-area improvements. Home values in the neighborhood trend elevated versus income benchmarks (nationally strong percentiles), which generally sustains reliance on multifamily rentals and can support pricing power when paired with competitive property positioning.
Three-mile demographics show population growth over the last five years and continued increases projected through 2028, alongside a larger household count and slightly smaller average household size. These trends translate to a larger tenant base and diversified demand drivers that can support occupancy stability and absorption for renovated units, based on commercial real estate analysis from WDSuite.
Safety indicators for this neighborhood are below national averages, and the area ranks in the lower tier among 1,441 Los Angeles-Long Beach-Glendale neighborhoods for crime. National percentiles indicate weaker safety positioning; however, recent data shows property offenses improving year over year, which is a constructive directional signal to monitor over subsequent periods.
Investors should underwrite with prudent security measures (lighting, access control) and emphasize tenant screening and community engagement. Track multi-year trends rather than single-year movements to assess whether the improvement in property offenses continues and whether violent offense rates stabilize relative to regional benchmarks.
Nearby employers span aerospace and defense, medical technology, telecommunications, and essential services—supporting a diversified workforce renter base and commute convenience for residents. The list below highlights proximate corporate operations most relevant to leasing stability at this location.
- Waste Management - Palmdale — environmental services (1.8 miles)
- Lockheed Martin Aeronautics Co. — aerospace & defense (2.1 miles)
- AmerisourceBergen — pharmaceutical distribution (26.3 miles)
- Boston Scientific Neuromodulation — medical devices (26.6 miles)
- Charter Communications — telecommunications (29.4 miles)
This 27-unit, 1985-vintage property offers stable occupancy dynamics within a B-rated Inner Suburb location. Neighborhood occupancy at 97.9% indicates low structural vacancy, while elevated home values relative to incomes reinforce renter reliance on multifamily housing and can support pricing for renovated product. Within a 3-mile radius, population and household counts have expanded and are projected to continue growing, which supports a larger tenant base and ongoing leasing depth. According to CRE market data from WDSuite, local amenities (dining, cafes, parks, groceries) test well versus national benchmarks, enhancing livability and lease retention.
The vintage is slightly older than the neighborhood average construction year, suggesting practical value-add opportunities through unit and common-area upgrades. At the same time, investors should account for below-average safety metrics and weaker school ratings at the neighborhood level, tailoring asset management (security, resident services) and marketing toward workforce renters drawn by proximity to major employers and daily conveniences.
- High neighborhood occupancy supports rent roll stability and modest downtime risk.
- 1985 vintage presents value-add and renovation upside versus newer competitive stock.
- Three-mile population and household growth expand the renter pool for future leasing.
- Elevated ownership costs in the area reinforce multifamily demand and retention potential.
- Risks: below-average safety metrics and low school ratings warrant conservative underwriting and active asset management.