| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 2nd | Poor |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1400 Hood St, Arvin, CA, 93203, US |
| Region / Metro | Arvin |
| Year of Construction | 2004 |
| Units | 27 |
| Transaction Date | 2003-10-28 |
| Transaction Price | $105,000 |
| Buyer | 1400 HOOD ST LP |
| Seller | MICHAEL JOSEPH D |
1400 Hood St Arvin Multifamily — 27 Units, 2004
Newer vintage relative to the neighborhood s older housing stock supports competitive positioning and steady renter demand, according to WDSuite s CRE market data. Neighborhood occupancy trends are near metro norms, with renter concentration offering a broad tenant base.
Located in Arvin within the Bakersfield metro, the property sits in an Inner Suburb neighborhood that ranks below the metro median overall (208 of 247 neighborhoods), but shows stability characteristics relevant to workforce housing. Neighborhood occupancy is around the metro midpoint, signaling generally steady leasing conditions without the volatility seen in weaker submarkets.
Livability is mixed: local retail and dining options are limited, while grocery access is comparatively better (around the 64th percentile nationally) and park access is a local strength (about the 79th percentile nationally). Average school ratings in the neighborhood trend below national norms, which investors should consider when underwriting family-oriented demand.
Vintage and asset positioning matter here. The neighborhood s average construction year skews older (mid-1960s), making a 2004-built, 27-unit asset relatively competitive versus nearby stock. This can reduce near-term renovation exposure relative to older properties, though investors should still plan for modernization of systems typical for a ~20-year-old building.
Tenure patterns indicate meaningful renter depth: the neighborhood shows a high share of renter-occupied housing units, supporting demand for multifamily. Within a 3-mile radius, households and families expanded over the past five years, pointing to a larger tenant base; forward-looking data indicates households may keep rising even if population moderates, implying smaller household sizes and continued need for rental options.
Ownership costs in this area are relatively high versus local incomes (value-to-income ratios elevated), which can sustain reliance on rentals and support lease retention, while rent-to-income ratios near typical ranges suggest pricing power should be managed with attention to affordability and renewal risk.
Safety trends are mixed but improving in key areas. The neighborhood performs competitive among Bakersfield neighborhoods for overall crime (ranked in the stronger half: 86 of 247), and sits slightly better than the national midpoint for safety. Importantly, property crime has eased year over year with a notable decline, indicating improving conditions.
Violent offense rates benchmark below the national midpoint, so investors should underwrite with conservative assumptions and monitor submarket trends. Overall, the directional improvement and midpack metro standing suggest conditions that do not materially deviate from broader regional patterns.
The area serves a regional workforce with commuting access to Bakersfield s employment base, supporting renter demand and retention, particularly for workforce-oriented households.
This 27-unit, 2004-built property offers relative competitiveness versus an older neighborhood housing stock, positioning it well for durable occupancy and incremental value-add. Based on CRE market data from WDSuite, neighborhood occupancy trends sit near metro norms and property crime is trending lower, while a high share of renter-occupied units locally supports depth of demand. Ownership remains comparatively expensive relative to incomes, reinforcing reliance on rentals; at the same time, rent-to-income levels argue for disciplined rent management to protect renewal rates.
Demographics aggregated within a 3-mile radius show substantial growth in households over the past five years, expanding the tenant base; forward-looking data points to continued household gains even if population moderates, consistent with smaller household sizes and sustained need for rental housing. Investors should plan for targeted capital to modernize building systems typical for an early-2000s vintage and weigh the amenity-light environment and below-average school ratings in underwriting and leasing strategy.
- 2004 vintage in an older neighborhood supports competitive positioning with moderate near-term modernization needs
- Renter-occupied share is high locally, indicating depth for multifamily demand and occupancy stability
- Household growth within 3 miles expands the tenant base; forecast suggests continued household gains even as population moderates
- Ownership costs relative to incomes sustain reliance on rentals, with rent-to-income levels guiding prudent pricing
- Risks: amenity-light submarket, lower school ratings, and mixed safety metrics warrant conservative underwriting and active leasing strategy