| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 2nd | Poor |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 225 Meyer St, Arvin, CA, 93203, US |
| Region / Metro | Arvin |
| Year of Construction | 2006 |
| Units | 61 |
| Transaction Date | 2005-02-08 |
| Transaction Price | $344,500 |
| Buyer | ARVIN II FAMILY HOUSING PARTNERS LP |
| Seller | BLACKBURN MILDRED J |
225 Meyer St, Arvin CA — 61-Unit Multifamily Investment
High renter concentration and ownership costs relative to incomes support stable renter demand at the neighborhood level, according to WDSuite’s CRE market data, with occupancy trends sitting around the national middle.
Located in Arvin within the Bakersfield metro, the property sits in an Inner Suburb neighborhood that is mid-pack locally but offers investment-relevant fundamentals: grocery and park access test above national averages, while cafes, restaurants, and pharmacies are thinner. School ratings in the neighborhood trail broader benchmarks, which can influence unit mix appeal and marketing.
The neighborhood’s renter-occupied share is high (top decile nationally), signaling a deep tenant base for multifamily operators and helping support leasing durability. Neighborhood occupancy is around the national median and middle of the pack among 247 Bakersfield neighborhoods, suggesting neither chronic vacancy issues nor outsized tightness; disciplined leasing and renewal management remain the lever for performance.
Within a 3-mile radius, recent years show population and household expansion, and WDSuite indicates households are projected to continue increasing even as total population is expected to ease, implying smaller average household sizes. For investors, that points to a broader tenant pool over time and potential demand for a range of unit types, supporting occupancy stability and consistent absorption.
Ownership costs are elevated versus income norms (value-to-income stands high by national comparison), which tends to sustain reliance on rental housing and can aid pricing power. At the same time, rent-to-income in the area sits on the lower side nationally, which can support retention and reduce turnover friction. The property’s 2006 vintage is newer than the neighborhood’s older housing stock (average construction year mid-1960s), offering relative competitiveness versus older assets while still warranting targeted system updates and common-area refreshes as part of a long-term capital plan.
Neighborhood safety indicators are mixed but generally near national norms. Overall safety sits slightly above the national median (around the 52nd percentile), while both property and violent incident measures trend below the national median (near the high-30s percentiles). For context within the Bakersfield metro’s 247 neighborhoods, the area does not sit at either extreme. Notably, recent trends show measurable improvement, with property incidents declining meaningfully year over year, according to WDSuite’s CRE data.
For investors, the takeaway is that safety metrics warrant routine monitoring during hold, but improving trends and a position close to national midpoints help mitigate downside narrative. Standard measures—lighting, access control, and resident engagement—can further support retention and reputation.
This 61-unit asset built in 2006 offers scale in a predominantly renter-occupied neighborhood, with demand underpinned by a high renter concentration and ownership costs that skew elevated relative to local incomes. Neighborhood occupancy trends are around the national middle, suggesting stable, steady-state operations where active renewal management drives performance. Based on CRE market data from WDSuite, nearby amenities are functional—grocery and parks above national norms—while thinner dining and services point to a workforce renter profile and pragmatic leasing strategy.
The 3-mile area has exhibited household growth and is projected to see further increases even as population moderates, implying smaller household sizes and a larger renter pool over time. The property’s newer vintage relative to the area’s older stock supports competitive positioning; modest modernization and system updates can unlock value-add potential without full repositioning. Counterweights include mixed safety readings and limited amenity depth, which place a premium on on-site experience and affordability-aware leasing.
- High renter concentration supports a deep tenant base and steady demand
- 2006 vintage competes well versus older neighborhood stock; targeted upgrades provide value-add runway
- Household growth within 3 miles expands the renter pool, supporting occupancy stability
- Ownership costs relative to incomes reinforce reliance on rentals, aiding pricing power and retention
- Risks: thinner amenity mix and mixed safety readings require strong on-site management and affordability-aware leasing