Seeking Buy and Hold Advice in Lancaster CA

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Hi all,

I'm looking for an investment vehicle to throw my savings into hopefully by July 2016, and I've always wanted to purchase a buy and hold property. I'm looking to purchase a duplex - fourplex near 10th Street West and Lancaster Blvd and would like to get feedback from the BP community on whether it is a good time to purchase a buy-and-hold multi-unit in Lancaster. Looking at the value trends over the last 10 years in the area, the values are slowly rising from the economic downturn.

For instance, a property that is now priced at $170,000 was worth $270,000 in 2007. Are values expected to rise to those levels that they were in 2007? If so, does anyone know how long that would take and whether property values will maintain the increase? 

I have also heard that the BLVD on Lancaster Blvd has expanded dramatically since 2011, which would theoretically increase the housing prices in the area. Does anyone know if they are planning for further expand the BLVD in the next few years? This would factor into my decision of buying a buy-and-hold.

I still need to run the numbers on potential properties on the market using the BPs rental property calculator but I'm feeling optimistic about buying a rental property in Lancaster, hopefully a 4-plex. 

If there is something else that I should be considering, I would greatly appreciate if you could fill me in.

Thank you,

Steven La