| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 2nd | Poor |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1410 Hood St, Arvin, CA, 93203, US |
| Region / Metro | Arvin |
| Year of Construction | 1984 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1410 Hood St, Arvin CA Multifamily Opportunity
Neighborhood occupancy trends sit near the Bakersfield metro median, and a high renter-occupied share supports a durable tenant base, according to WDSuite s CRE market data. Positioning skews toward workforce demand with steady leasing fundamentals rather than premium rent growth.
Situated in Arvin within the Bakersfield, CA metro, the property s demand drivers are primarily workforce-oriented. Neighborhood occupancy is around the metro median (this is a neighborhood metric, not the property), and the renter-occupied share is high, indicating depth in the tenant pool and potential leasing stability through cycles.
Daily-needs access is acceptable locally: grocery availability is competitive among Bakersfield neighborhoods (ranked against 247 neighborhoods; stronger than many peers), while restaurants, cafes, childcare, and pharmacies are limited in the immediate area. Park access is comparatively strong within the metro, adding some livability support, but investors should underwrite modest on-site amenity expectations.
Relative pricing supports renter demand. Neighborhood contract rents sit below the national midpoint (per WDSuite), and the rent-to-income profile indicates manageable affordability pressure for typical workforce households. In ownership terms, home values and value-to-income ratios are elevated for local incomes compared with many U.S. neighborhoods, which tends to sustain renter reliance on multifamily housing rather than accelerating move-outs to ownership.
Vintage also matters. Built in 1984, the asset is newer than the neighborhood s average construction year, which can be a competitive advantage versus older stock; however, investors should still plan for targeted modernization of interiors and building systems to support retention and reduce long-term capital variability.
Demographic statistics aggregated within a 3-mile radius show strong historical population and household growth over the past five years, expanding the renter pool. Forward-looking projections point to a near-term population dip but continued increase in household counts alongside smaller average household sizes, which can still support unit absorption and occupancy stability for appropriately sized product.
Safety indicators are mixed in a way familiar to many workforce submarkets. Compared with neighborhoods nationwide, overall conditions sit roughly around the middle of the pack, while within the Bakersfield metro they are comparatively more challenged. Notably, property offense rates have improved markedly year over year, according to WDSuite s CRE market data, which is a constructive trend to monitor.
For investors, this profile warrants pragmatic measures: emphasize lighting, access control, and resident engagement, and underwrite retention assumptions accordingly rather than assuming premium positioning on safety alone.
The investment case centers on resilient renter demand and workforce positioning. The neighborhood shows a high share of renter-occupied housing, supporting depth of the tenant base, and occupancy is near the metro median, which has historically translated to stable leasing rather than volatility. Built in 1984, the asset is newer than much of the surrounding housing stock, offering potential to outperform older comparables with focused renovations and operating upgrades.
According to CRE market data from WDSuite, neighborhood rents benchmark below national levels, reinforcing attainable positioning and aiding retention. Three-mile demographics indicate a larger household base over time even as average household sizes trend lower, which can support unit absorption. Key risks include a thinner nearby retail/foodservice amenity set and mixed but improving safety indicators; prudent capex and community management can mitigate these exposures.
- High renter-occupied share supports a durable tenant base and leasing stability
- 1984 vintage offers relative competitiveness vs. older stock with targeted value-add upside
- Attainable rent positioning (below national levels) aids retention and steady occupancy
- 3-mile household growth and smaller household sizes support demand for multifamily units
- Risks: limited nearby amenities and mixed safety profile warrant conservative underwriting