| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 6th | Poor |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 W Columbus St, Bakersfield, CA, 93301, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2016-10-07 |
| Transaction Price | $1,400,000 |
| Buyer | ROYAL PALMS WEST LLC |
| Seller | RIAT BALWINDER |
1001 W Columbus St, Bakersfield Multifamily Opportunity
Neighborhood occupancy is high and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for well-managed assets in this Inner Suburb pocket of Bakersfield.
Occupancy in the immediate neighborhood is strong at 98.5%, placing the area in the top quartile nationally and competitive among Bakersfield neighborhoods (ranked 44 of 247). For investors, that signals consistent leasing and reduced downtime when units turn.
Renter concentration is elevated, with roughly 85% of occupied housing units renter-occupied (ranked 6 of 247, top percentile nationally). This depth of the tenant base generally supports multifamily demand and provides a broader pool for lease-ups and renewals.
Amenity access is mixed. Grocery availability is a relative strength (ranked 26 of 247; top national percentile), while cafes, parks, and pharmacies are limited within the neighborhood footprint. School ratings in the area are comparatively weak. These dynamics point to solid everyday convenience via groceries, with fewer lifestyle amenities locally—factors to consider when positioning unit finishes and marketing.
Within a 3-mile radius, households have increased meaningfully over the past five years and are projected to continue rising, which supports a larger tenant base. Median household incomes in the neighborhood are on the lower side for the metro, and a rent-to-income ratio around 0.31 indicates some affordability pressure—suggesting pricing power exists but should be balanced with retention-focused lease management.
Safety indicators are below metro and national norms for this neighborhood. Crime ranks 194 out of 247 Bakersfield neighborhoods, which is below the metro median, and national percentiles indicate the area sits in a lower safety tier compared with neighborhoods nationwide. Year-over-year estimates point to increases in both property and violent offenses; investors should underwrite with prudent security, lighting, and resident-experience plans and monitor citywide trends for directional improvements.
This 24-unit asset benefits from a high-occupancy neighborhood and a substantial renter pool, underpinning durable demand for stabilized multifamily operations. Grocery access is a local strength, while fewer lifestyle amenities and weaker school ratings warrant thoughtful positioning of unit upgrades and community features. Based on CRE market data from WDSuite, the area’s occupancy outperforms most U.S. neighborhoods, and the renter-occupied share is among the highest in the metro—favorable signals for lease continuity.
Within a 3-mile radius, population and household growth point to renter pool expansion, supporting absorption for well-priced units. At the same time, a rent-to-income ratio near 0.31 suggests affordability pressure; steady performance is most likely where rents are paired with retention-focused asset management and practical amenity strategies. Given the vintage typical of nearby stock, value can stem from targeted renovations and operational execution rather than relying solely on outsized rent lifts.
- High neighborhood occupancy supports leasing stability
- Deep renter base (mid-80% renter-occupied) broadens tenant pipeline
- 3-mile household growth expands the addressable renter pool
- Operational and selective renovation upside aligned with local stock
- Risk: below-average safety and affordability pressure require active management