| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 63rd | Best |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10 Denise Ave, Bakersfield, CA, 93308, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10 Denise Ave, Bakersfield CA Multifamily Investment
Positioned in a suburban Bakersfield pocket with a large regional renter base and high-cost ownership nearby, this asset offers durable demand dynamics, according to WDSuite’s CRE market data. Stable neighborhood fundamentals and projected household growth within the 3-mile radius support occupancy and leasing resilience.
This suburban location is competitive among Bakersfield neighborhoods, with a B+ neighborhood rating and fundamentals that point to steady renter demand, based on commercial real estate analysis from WDSuite. Amenity density is lighter than the metro median (few cafes, groceries, and pharmacies per square mile), suggesting a car-oriented environment; park access sits closer to the middle of the pack.
Within a 3-mile radius, population has grown in recent years and is projected to continue expanding, while household counts are rising faster than population, indicating smaller household sizes and a larger tenant base for multifamily. Renter-occupied housing comprises a substantial share of units within this 3-mile area, which supports depth of demand and can bolster occupancy stability over time.
Home values in the immediate neighborhood rank high relative to national peers, and value-to-income metrics sit in the upper national percentiles. In practice, this signals a high-cost ownership market that tends to sustain reliance on multifamily rentals, supporting lease retention and pricing power when managed carefully.
The property’s 1986 vintage is older than the neighborhood’s average construction year. For investors, this points to potential value-add and capex planning opportunities (interiors, systems, or common areas) to enhance competitive positioning versus newer stock.
Safety indicators are mixed. The neighborhood’s composite crime profile sits below the national middle, while several category-specific measures show relatively stronger standing nationally. Recent year-over-year changes indicate some volatility, so prudent risk management (lighting, access control, resident screening, and coordination with local resources) remains important. All comparisons reference Bakersfield-area neighborhoods and national percentiles from WDSuite’s data.
10 Denise Ave is a 32-unit, 1986-vintage multifamily asset in a suburban Bakersfield setting where a sizable 3-mile renter base and ongoing household growth support long-run demand. Elevated ownership costs in the immediate neighborhood reinforce renter reliance on apartments, while projected income gains in the 3-mile radius point to improved rent coverage that can aid retention and promote steady leasing. According to CRE market data from WDSuite, amenity density is lighter than the metro median, which makes on-site features and operations more influential in driving occupancy and resident satisfaction.
The 1986 construction opens a path for targeted value-add initiatives to sharpen competitive positioning relative to newer product. Investors should balance this upside with measured capex planning and attention to local safety trends to protect leasing velocity and cash flow durability.
- Large 3-mile renter concentration and household growth support demand depth and occupancy stability.
- Elevated neighborhood ownership costs underpin multifamily reliance and potential pricing power.
- 1986 vintage offers value-add and capex-driven upside to compete with newer stock.
- Operations and amenities are key given lighter off-site amenity density in the submarket.
- Risks: older systems requiring capital planning and mixed but manageable safety trends.