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Woodlands West Townhomes

Lancaster, CA

140 Units

Built in 1986

Value Add

Investment Highlights

  • An investor will have the ability to continue the proven renovation program or leverage the opportunity to enhance interior scope on the remaining non-renovated (57) and partially (5) renovated units.
  • The City of Lancaster has seen its population grow by 37.9% over the past 20 years, which is 4.5x the growth rate of Los Angeles County.
  • There are no market rate institutional properties (+50 units) currently under construction in Lancaster and any future development would require significantly higher rents.
  • With historically low interest rates, Woodlands West Townhomes will yield significant returns immediately with the opportunity to further increase NOI. The Year 1 projected cash on cash return is +14%.
  • Desirable low density homes with rents accessible to a broad array of household incomes in Los Angeles County. Appeals to an emerging workforce housing millennial demographic that is aging into lower density communities making Lancaster an attractive alternative to Los Angeles.
  • Lancaster is home to thousands of professional jobs in aerospace, defense, and medical industries. As a gateway into Antelope Valley, Lancaster also borders Santa Clarita Valley and North San Fernando Valley, which has thousands of technical and stable jobs in biotech, finance, and engineering industries that are within a 30 to 45-minute commute.

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