| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 2nd | Poor |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1301 Haven Dr, Arvin, CA, 93203, US |
| Region / Metro | Arvin |
| Year of Construction | 2003 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1301 Haven Dr, Arvin CA Multifamily Opportunity
Neighborhood renter concentration is elevated and occupancy is around metro norms, according to WDSuite s CRE market data, supporting steady tenant demand at this 2003-vintage, 43-unit asset. Pricing power should be managed thoughtfully given local incomes and rent levels measured for the neighborhood, not the property.
Located in Arvin within the Bakersfield, CA metro, the property benefits from a renter-oriented neighborhood profile. The share of housing units that are renter-occupied is high for the metro, signaling depth in the tenant base and potential leasing stability for multifamily investors. Neighborhood occupancy trends sit near the metro middle, which suggests demand is present but requires disciplined leasing and renewal strategies.
The 2003 construction is newer than the neighborhood s older housing stock (average vintage mid-1960s), offering relative competitiveness versus nearby properties that may face more frequent capital needs. Investors should still plan for system updates and select modernization to sustain positioning over the hold.
Amenities are mixed: grocery access rates above the national midpoint and parks density in the top quartile nationally help day-to-day livability, while cafes, restaurants, and pharmacies are sparse within the neighborhood. Within the Bakersfield metro, the overall amenity profile ranks just above the metro median (rank 123 of 247 neighborhoods), indicating basic convenience with limited discretionary options that could influence resident retention strategies.
Home values in the neighborhood are moderate for California but, relative to local incomes, ownership remains a higher-cost path (value-to-income compares favorably for rental positioning). For multifamily investors, this context supports renter reliance on apartments and can underpin lease retention, while the neighborhood rent-to-income ratio suggests affordability pressures should be monitored to balance occupancy and rent growth.
Demographic statistics aggregated within a 3-mile radius show robust growth in recent years in population, households, and families, expanding the renter pool. Forward-looking data indicate households continue to rise alongside slightly smaller household sizes, even as population is projected to edge down, which can still support occupancy stability by adding more households entering the rental market. These dynamics align with workforce housing demand rather than luxury positioning.
Neighborhood safety indicators are mixed. The area s crime rank sits in the lower-performing range within the Bakersfield metro (rank 86 of 247 neighborhoods, where a lower rank indicates more crime), yet it lands around the national midpoint by percentile, suggesting conditions comparable to many U.S. neighborhoods. For investors, this points to the importance of property-level security practices and resident engagement to support retention.
Trend data are constructive: estimated property offenses have declined meaningfully year over year, placing the neighborhood in a stronger improvement tier nationally, while violent-offense trends show modest improvement. Taken together, the trajectory is favorable even if absolute levels warrant continued operational attention. All figures reflect neighborhood-level measures, not property incidents.
The broader Kern County employment base in agriculture, logistics, and energy provides a diversified pool of hourly and salaried workers, supporting workforce-oriented rental demand and commute convenience for residents.
Built in 2003 with 43 units, 1301 Haven Dr offers a relatively newer vintage versus surrounding housing stock, positioning it competitively against older assets while leaving room for targeted modernization and value-add. According to CRE market data from WDSuite, the neighborhood shows renter concentration above most metro peers and occupancy near metro norms, indicating a stable tenant base where prudent leasing and renewal management can sustain performance. Household and income gains within a 3-mile radius have expanded the renter pool in recent years, and projected increases in household counts point to continued demand even as household sizes moderate.
Operationally, neighborhood rent-to-income levels imply balanced affordability, supporting occupancy stability but favoring measured rent growth to maintain retention. Limited discretionary amenities and mixed school ratings mean on-site features and management quality will matter for leasing. The ownership landscape skews toward a higher-cost path relative to income, which reinforces reliance on multifamily housing and can aid pricing power when paired with thoughtful capital planning.
- Newer 2003 vintage vs. local stock supports competitive positioning with selective renovation upside.
- Elevated renter-occupied share at the neighborhood level deepens the tenant base and supports occupancy stability.
- 3-mile household growth and rising incomes expand demand for workforce-oriented rentals.
- Ownership remains relatively high-cost versus incomes, reinforcing reliance on multifamily and aiding lease retention.
- Risks: limited neighborhood amenities, mixed safety metrics, and the need for careful rent setting to balance affordability and retention.