| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 2nd | Poor |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 Walnut Dr, Arvin, CA, 93203, US |
| Region / Metro | Arvin |
| Year of Construction | 2004 |
| Units | 81 |
| Transaction Date | 2025-06-17 |
| Transaction Price | $6,150,000 |
| Buyer | LA AMISTAD APARTMENTS LP |
| Seller | SCHIPPER STREET INVESTORS LP |
1001 Walnut Dr, Arvin CA Multifamily Investment
Neighborhood fundamentals point to a renter-driven submarket and steady occupancy, according to WDSuite’s CRE market data. For investors, the area’s tenant base and pricing context support durable leasing with measured upside.
Located in Arvin within the Bakersfield metro, the property sits in an inner-suburb setting that is above metro median for overall housing conditions and around the middle of the pack on amenities. Grocery access trends stronger than many peers, while restaurants and cafes are relatively limited; parks are a bright spot with access outperforming many neighborhoods nationally.
Renter concentration across the neighborhood is high, indicating depth in renter-occupied housing units and a broader tenant pool for multifamily owners. Neighborhood occupancy trends hover near the national midpoint, supporting stable leasing conditions rather than a lease-up environment.
Within a 3-mile radius, recent years show notable population and household growth, expanding the renter pool and supporting occupancy stability. Forward-looking estimates indicate households are projected to continue increasing even as average household size moderates, which typically sustains demand for rental units and can aid retention. This perspective is based on commercial real estate analysis from WDSuite and complements ongoing multifamily property research.
Relative costs point to a high-cost ownership market versus local incomes, which tends to reinforce reliance on rental housing and supports pricing power when managed carefully. Median contract rents track below national medians in WDSuite’s dataset, which can help balance affordability pressure while maintaining collections.
Safety indicators are mixed but improving. The neighborhood’s overall crime positioning is competitive among Bakersfield neighborhoods (within the better-performing 40% when measured against 247 metro neighborhoods), and recent data shows a meaningful decline in property offenses year over year. Nationally, the area reads close to the median on composite measures, with violent and property safety metrics trending toward mid-range levels.
For investors, the key takeaway is stability rather than outperformance: recent improvement trends help leasing and retention narratives, but underwriting should still reflect average, not top-tier, safety positioning relative to both the metro and nation.
The Bakersfield–Arvin corridor supports a diverse workforce across agriculture, logistics, services, and public sector roles, which underpins steady renter demand and commute convenience for residents.
Built in 2004, the 81-unit asset offers newer vintage relative to much of the area’s housing stock, positioning it competitively versus older properties while allowing for targeted modernization and value-add planning. Neighborhood occupancy is around the national midpoint, and renter concentration is elevated, pointing to a deep tenant base and supportive leasing dynamics. According to CRE market data from WDSuite, local rents sit below national medians while homeownership carries relatively high value-to-income ratios, a combination that can sustain multifamily demand and aid retention.
Within a 3-mile radius, recent population and household expansion have grown the renter pool; near-term projections point to continued household growth alongside smaller household sizes, which typically supports ongoing demand for rental units. Risks include thinner dining and cafe amenity coverage and average safety positioning, suggesting prudent expense planning and tenant-experience investments will matter for performance.
- 2004 construction offers competitive positioning versus older local stock with targeted value-add potential
- Elevated renter concentration supports depth of tenant base and leasing stability
- Rents below national medians with high-cost ownership context can reinforce rental demand
- Household growth in the 3-mile area and moderating household sizes support ongoing demand for rental units
- Risk: limited dining/cafe amenities and mid-range safety require conservative underwriting and active management