| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 31st | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 39630 Fairway Dr, Palmdale, CA, 93551, US |
| Region / Metro | Palmdale |
| Year of Construction | 2008 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
39630 Fairway Dr Palmdale Multifamily Investment
This 120-unit property built in 2008 sits in a suburban neighborhood where net operating income per unit ranks in the top 10% nationally, according to CRE market data from WDSuite.
The property occupies a suburban Palmdale neighborhood that ranks in the top quartile nationally for housing metrics among 1,441 metro neighborhoods. Built in 2008, the property aligns with area construction patterns while offering reduced near-term capital expenditure needs compared to older stock. The neighborhood maintains 92.7% occupancy with median contract rents of $1,709, positioning it in the 85th percentile nationally for rental pricing.
Demographics within a 3-mile radius show a stable renter base with 53.7% of housing units occupied by renters. The area supports workforce housing demand with a median household income of $70,260, though rent-to-income ratios suggest affordability pressures that require careful lease management. Population growth of 5.1% over the past five years has expanded the tenant pool, with forecasts indicating continued household formation supporting multifamily demand.
Amenity density provides adequate tenant retention support, with restaurant and grocery access ranking above metro averages. The neighborhood's 75th percentile national ranking for overall amenities reflects solid lifestyle infrastructure. However, school ratings remain below regional standards, which may influence family tenant segments. Home values averaging $465,789 reinforce rental demand by keeping ownership costs elevated relative to median incomes.
Safety metrics present mixed signals requiring investor attention. Property crime rates rank in the bottom 5% nationally among metro neighborhoods, though recent trends show a 31% improvement year-over-year, suggesting positive momentum. Violent crime rates also remain elevated compared to regional averages, ranking in the lower 10th percentile nationally.
These safety considerations may influence tenant screening protocols and property management strategies. Investors should factor security enhancements and community engagement into operating budgets while monitoring whether recent crime reduction trends continue to improve the area's profile.
The property benefits from proximity to aerospace and corporate employers that support stable workforce housing demand, with Lockheed Martin's major operations anchoring the local employment base.
- Lockheed Martin Aeronautics Co. — defense & aerospace (1.2 miles)
- Waste Management - Palmdale — waste services (2.6 miles)
- Amerisourcebergen — healthcare distribution (27.3 miles)
- Boston Scientific Neuromodulation — medical devices (27.5 miles)
This 120-unit property built in 2008 demonstrates strong operational fundamentals with net operating income per unit ranking in the top 5% nationally. The suburban Palmdale location benefits from workforce housing demand driven by aerospace employment, while elevated home ownership costs sustain rental market reliance. Commercial real estate analysis from WDSuite indicates the neighborhood maintains above-average occupancy despite broader market pressures.
Demographics within a 3-mile radius show population growth expanding the renter pool, with household formation trends supporting continued multifamily demand. The property's 2008 vintage positions it well for value-add improvements while avoiding immediate major capital expenditures. However, safety metrics and school ratings present tenant retention considerations that require active management attention.
- Net operating income per unit ranks top 5% nationally
- Proximity to Lockheed Martin supports workforce housing demand
- 2008 construction offers value-add potential with reduced capital needs
- High ownership costs reinforce rental market reliance
- Risk: Safety metrics require enhanced security and management protocols