| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 2nd | Poor |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 909 Meyer St, Arvin, CA, 93203, US |
| Region / Metro | Arvin |
| Year of Construction | 1999 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
909 Meyer St Arvin Multifamily Investment
This 45-unit property built in 1999 serves a high-density rental market with 61% renter occupancy among neighborhood units. According to WDSuite's CRE market data, the area demonstrates strong rental demand fundamentals despite modest income levels.
This inner suburb neighborhood ranks 208th among 247 metro neighborhoods, reflecting modest fundamentals with selective investment opportunities. The area maintains a 91% occupancy rate and demonstrates strong rental demand with 61% of housing units occupied by renters, ranking in the top quartile nationally for renter concentration. Median contract rent of $821 has increased 18% over five years, indicating gradual market strengthening.
Demographics within a 3-mile radius show a stable tenant base with average household size of 4.3 people and median household income of $42,000. The area's construction vintage averages 1965, with this 1999-built property offering more modern amenities than neighborhood norms. Home values averaging $249,000 with 92% appreciation over five years suggest elevated ownership costs that reinforce rental demand for multifamily housing.
Amenity access is limited, with grocery stores available but minimal restaurant and retail density. The neighborhood shows 0.65 grocery stores per square mile, ranking above metro median, while park access ranks in the top quartile nationally. School ratings remain below average, though large household sizes indicate family-oriented demand that supports unit absorption and retention.
The neighborhood demonstrates moderate safety metrics relative to the Bakersfield metro area. Property crime rates of 497 incidents per 100,000 residents rank 158th among 247 metro neighborhoods, placing performance slightly below metro median. However, property crime has declined 39% year-over-year, ranking in the top quartile nationally for crime reduction trends.
Violent crime rates remain relatively low at 72 incidents per 100,000 residents, with recent stability showing minimal year-over-year change. The overall crime ranking of 86th among 247 neighborhoods indicates above-average safety performance within the metro context, supporting tenant retention and property management considerations.
Employment opportunities in the broader Arvin area primarily center on agricultural and logistics operations, supporting the local workforce housing demand.
- Agricultural operations — farming and processing
- Distribution centers — logistics and warehousing
- Local government — municipal services
This 1999-built property offers newer construction in a neighborhood where average building age is 1965, potentially reducing near-term capital expenditure needs while providing competitive positioning. The area's 61% renter occupancy rate ranks in the top quartile nationally, indicating strong multifamily demand fundamentals. Population growth of 30% within the 3-mile radius over five years supports expanding tenant base, while household income growth of 83% demonstrates improving resident quality.
Rental metrics show gradual strengthening with 18% rent growth over five years and stable 91% neighborhood occupancy. Home values have nearly doubled over five years, reinforcing rental demand as ownership becomes less attainable. However, investors should monitor the area's below-average income levels and limited amenity access, which may constrain rent growth potential and require competitive positioning strategies.
- Newer 1999 construction provides competitive advantage in older neighborhood stock
- Top quartile national ranking for renter concentration indicates strong multifamily demand
- 30% population growth and 83% income growth within 3-mile radius supports tenant base expansion
- Below-average income levels and limited amenities may constrain rent growth potential