| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Poor |
| Demographics | 17th | Poor |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 38250 9th St E, Palmdale, CA, 93550, US |
| Region / Metro | Palmdale |
| Year of Construction | 2007 |
| Units | 75 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
38250 9th St E Palmdale Multifamily Investment
Neighborhood-level occupancy has held near the national midrange while renter demand is reinforced by a high renter-occupied housing share, according to WDSuite s CRE market data. This positioning supports steady lease-up potential for a professionally managed asset in Palmdale s urban core.
Located in Palmdale s Urban Core, the property sits in a renter-heavy neighborhood with a renter-occupied housing share at the top of national comparisons. For investors, this depth of renter households points to a broad tenant base and supports day-to-day leasing stability. Note that occupancy and tenure metrics referenced here describe the neighborhood, not the subject property.
Local amenities skew practical: groceries, parks, and childcare access rank in the upper percentiles nationally, while cafes and pharmacies are limited. This mix favors everyday convenience for residents and can help retention even if lifestyle retail is thinner than in prime Los Angeles submarkets.
At the metro level, the neighborhood s occupancy rate trends around the national middle, suggesting neither chronic vacancy nor outsized tightness. With median home values elevated for local incomes and a high value-to-income ratio, the area functions as a high-cost ownership market where multifamily often remains the more accessible option a dynamic that can sustain renter reliance and support pricing power when operations are well managed.
Demographic statistics are aggregated within a 3-mile radius: over the last five years, population and households increased, and forecasts indicate a modest dip in population but a notable increase in household counts alongside smaller average household sizes. For multifamily, that combination often expands the renter pool and favors unit mixes that serve singles and small families. Rents have advanced historically and are projected to continue rising, underscoring revenue potential when paired with disciplined lease management and resident experience, based on multifamily property research from WDSuite.
The average neighborhood construction year is older than the subject asset. With a 2007 vintage, the property should compete favorably versus a 1970s-era stock while still benefiting from targeted modernization (common areas, energy systems, and finishes) to sharpen positioning against newer regional deliveries.
Safety indicators are mixed relative to national norms. Overall crime levels trend below the national median for safety (i.e., higher incidence than many U.S. neighborhoods), with property crime elevated. However, recent data show an improvement in violent offense rates year over year, placing the area in a better national bracket for trend direction than for absolute level, according to CRE market data from WDSuite.
Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), this neighborhood trails many peers on safety, so proactive property management practices (access control, lighting, and vendor partnerships) remain important. Investors should evaluate block-level conditions during diligence, as safety can vary meaningfully within short distances.
The employment base combines aerospace, logistics, medical devices, and telecom, supporting workforce housing dynamics and commute convenience for renters. Nearby anchors include Waste Management, Lockheed Martin Aeronautics, AmerisourceBergen, Boston Scientific Neuromodulation, and Charter Communications.
- Waste Management - Palmdale waste services (2.1 miles)
- Lockheed Martin Aeronautics Co. aerospace & defense (2.3 miles)
- AmerisourceBergen pharmaceutical distribution (27.7 miles)
- Boston Scientific Neuromodulation medical devices (28.1 miles)
- Charter Communications telecommunications (29.2 miles)
Built in 2007 with 75 units, the asset offers newer-vintage positioning relative to much of the surrounding stock, supporting competitive appeal with targeted modernization rather than full repositioning. Neighborhood occupancy trends near the national midrange while the renter-occupied housing share is exceptionally high, indicating a deep tenant base and potential for steady renewals. Elevated home values relative to local incomes further reinforce multifamily as the preferred housing option, which can underpin leasing resilience through cycles.
Within a 3-mile radius, recent gains in population and households, plus forecasts showing more households even as average household size declines, point to a larger renter pool over time. According to CRE market data from WDSuite, rents have trended upward and are projected to continue rising, aligning with an operations-first strategy focused on retention, measured rent steps, and amenity upgrades. Key risks include affordability pressure (higher rent-to-income ratios) and area safety that trails many metro neighborhoods, warranting hands-on management and underwriting discipline.
- 2007 vintage competes well versus older neighborhood stock; targeted upgrades can lift positioning
- Deep renter base with neighborhood-level renter-occupied share at the top of national comparisons supports demand
- Household growth and smaller household sizes within 3 miles expand the renter pool and support occupancy stability
- High-cost ownership market sustains renter reliance and can support measured pricing power
- Risks: affordability pressure (higher rent-to-income ratios) and safety trailing many metro peers require active management