| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 42nd | Good |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Mohawk St, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1982 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1000 Mohawk St Bakersfield Multifamily Investment
High neighborhood occupancy and solid renter concentration point to durable demand drivers in this Inner Suburb location, according to WDSuite’s CRE market data. The area’s amenity access supports leasing velocity while ownership costs remain moderate in a regional context.
The property sits in an Inner Suburb pocket with an A+ neighborhood rating (ranked 10 of 247 in the Bakersfield metro), signaling competitive fundamentals for multifamily. Neighborhood occupancy is strong and in the top quartile nationally, a constructive backdrop for lease-up and retention at nearby assets.
Livability is supported by amenity density: restaurants and cafes rank among the stronger concentrations metro-wide and test well versus national peers, and park access is among the highest in the metro (3rd of 247). Grocery and pharmacy access track above national medians, which helps sustain renter convenience and can aid retention. Childcare presence is thin in this micro-area, which may modestly temper appeal for some family renters.
Tenure data indicate roughly half of housing units are renter-occupied in the neighborhood, providing a meaningful tenant base and supporting occupancy stability for multifamily assets. Within a 3-mile radius, recent population and household growth has been positive, and forward-looking projections point to additional household expansion—factors that typically expand the renter pool and support demand resilience.
Home values sit above national medians but are not at coastal extremes, a high-cost ownership market relative to local incomes that can reinforce renter reliance on multifamily housing. Neighborhood rents benchmark above many national peers while rent-to-income levels indicate manageable affordability pressure, a mix that can support pricing power with prudent lease management.
Safety indicators are mixed and should be underwritten conservatively. The neighborhood ranks in the lower half for crime within the Bakersfield metro (197 of 247), and its national safety standing sits below the median based on WDSuite’s benchmarks. Violent and property offense measures track below national percentiles for safety, indicating a comparative headwind versus stronger-performing neighborhoods.
Investors typically address this by calibrating operating assumptions (security, lighting, access controls) and monitoring trend direction rather than relying on a single-year snapshot. Framing at the neighborhood scale avoids block-level inference and better reflects renter perception and leasing dynamics.
The submarket draws from Bakersfield’s diversified employment base across services, public sector, and distribution, supporting steady renter demand and commute convenience for workforce households.
This 60-unit asset benefits from a high-performing Bakersfield neighborhood where occupancy is strong and renter concentration is substantial, supporting a stable leasing environment. Amenity access (restaurants, cafes, parks) is competitive among metro peers, and ownership costs relative to incomes suggest continued reliance on rental options—conditions that favor steady absorption and retention. Based on CRE market data from WDSuite, neighborhood-level rents benchmark well against national peers while rent-to-income levels remain manageable, aligning with disciplined rent growth strategies.
Near-term underwriting should acknowledge below-median safety percentiles and modest school ratings at the neighborhood scale, balanced by a growing 3-mile household base and diversified local employment that typically sustains workforce demand. Focused asset management—targeted upgrades, tenant experience, and security measures—can position the property to capture durable cash flow in a metro with improving demand fundamentals.
- High neighborhood occupancy and meaningful renter-occupied share support demand stability
- Competitive amenity access (dining, cafes, parks) aids leasing and retention
- Rents benchmark well nationally while rent-to-income remains manageable for disciplined growth
- 3-mile household growth outlook expands the tenant base over the medium term
- Risks: below-median safety metrics and lower school ratings require prudent underwriting and operations