| 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 | 2005-09-29 |
| Transaction Price | $5,900,000 |
| Buyer | TRENDA FAMILY LP |
| Seller | 60 CREEKSIDE CORP |
1000 Mohawk St Bakersfield Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data. Strategic Inner Suburb location supports stable leasing with access to daily amenities and jobs.
This Inner Suburb neighborhood rates A+ (ranked 10th among 247 Bakersfield neighborhoods), signaling strong location fundamentals for multifamily. Neighborhood-level occupancy is in the top quartile nationally, which supports income stability for properties in this area. Renter-occupied share is above the metro median, indicating a deeper tenant base for multifamily operators; these tenure and occupancy figures are measured for the neighborhood, not the property.
Amenity access is a notable strength. Park density ranks 3rd of 247 in Bakersfield and café and restaurant density rank 8th and 14th, respectively, offering everyday convenience that can aid retention and leasing velocity. Grocery and pharmacy access are also competitive among Bakersfield neighborhoods, reinforcing livability for residents.
Within a 3-mile radius, demographic data show modest recent population and household growth, with forecasts pointing to a larger renter pool over the next five years. Rising household incomes in the radius contribute to a broader ability to absorb rents, supporting occupancy stability rather than rapid turnover.
Ownership costs in the area are relatively moderate for California, and neighborhood rent-to-income levels sit at manageable ranges, which can reduce affordability pressure and support lease retention. While average school ratings in the neighborhood trail national norms, proximity to parks and daily services offsets some of that weakness from a livability standpoint for many renter households.
Safety performance is weaker than many Bakersfield neighborhoods and below the national median based on neighborhood-level crime indicators. The neighborhood’s national crime percentile sits in the lower quartile, and recent data indicate an uptick in property and violent offenses year over year. Investors should account for these trends in underwriting through security measures, resident engagement, and operational planning.
The investment case centers on occupancy stability, renter demand depth, and amenity-driven livability. Neighborhood occupancy trends remain above national medians and competitive within Bakersfield, and the renter-occupied share supports a broader tenant base. According to CRE market data from WDSuite, this submarket’s parks and food-and-beverage density are standouts that can bolster retention and day-to-day resident satisfaction.
Within a 3-mile radius, steady historical growth and projected increases in households point to a larger pool of renters over the next five years. Ownership costs are comparatively moderate for the state and neighborhood rent-to-income levels suggest manageable affordability pressure, supporting lease stability. Key underwriting considerations include below-average school ratings and a weaker safety profile, which call for thoughtful management and potential enhancements to resident services and security.
- Neighborhood occupancy trends in the top quartile nationally support income stability
- Strong parks, café, and restaurant access enhances leasing and retention
- 3-mile radius shows population and household growth, expanding the tenant base
- Manageable rent-to-income context aids pricing power without elevating turnover risk
- Risks: below-average school ratings and a weaker safety profile require active management