| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1001 W Columbus St Bakersfield Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, positioning this 24-unit asset for stable leasing in an inner-suburb location. Affordability management remains important for retention given local income levels.
Located in Bakersfield’s inner suburbs, the property sits in a neighborhood with elevated occupancy and a large renter base. The neighborhood’s occupancy ranks 44 out of 247 metro neighborhoods (top tier locally) and is in the 92nd percentile nationally, indicating resilient tenant demand and potential leasing stability for multifamily owners.
Renter concentration is high, with a substantial share of housing units renter-occupied (84.6%), which supports demand depth for multifamily product and can aid lease-up and backfill. Housing quality metrics are competitive among Bakersfield neighborhoods (housing rank 100 of 247), signaling a market that supports everyday workforce housing.
Local amenity coverage skews practical over lifestyle: grocery access is robust (high relative density), while parks, cafes, restaurants, and childcare are sparse. For investors, that mix suggests daily needs are met nearby, but community and entertainment amenities are thinner than in higher-end submarkets—something to consider when positioning units and amenities.
Within a 3-mile radius, WDSuite’s data shows households have grown over the past five years and are projected to expand further, with smaller average household sizes anticipated. This points to a gradually widening renter pool and supports occupancy stability. Rent levels benchmark around the national middle, which can help sustain demand while still requiring thoughtful rent-to-income targeting and renewal strategies.
Safety indicators for the neighborhood trail broader benchmarks. The area’s crime rank sits at 194 among 247 Bakersfield metro neighborhoods, and national comparisons place the neighborhood below the U.S. median for safety (violent and property offense measures near the lower national percentiles). Recent year-over-year trends show upticks in both violent and property offenses locally, warranting prudent onsite security practices and resident communication.
For investors, the takeaway is comparative rather than block-specific: performance is stronger in many Bakersfield neighborhoods and nationally, so underwriting should incorporate realistic assumptions for insurance, security, and potential marketing spend to support tenant retention.
This 24-unit property, built in 1973, offers potential value-add and capital planning opportunities typical of older vintage assets, with the benefit of a neighborhood that demonstrates high occupancy and a deep renter base. According to CRE market data from WDSuite, neighborhood occupancy is in the national top quartile, while rents benchmark near the national middle—an attractive pairing for investors focused on steady tenancy with room for strategic upgrades.
Demand fundamentals are reinforced by a high share of renter-occupied housing units and household growth within a 3-mile radius, supporting a larger tenant base over time. Key watch items include safety metrics that lag metro and national norms and rent-to-income pressures that call for careful renewal and pricing strategy.
- Nationally strong neighborhood occupancy supports leasing stability
- Deep renter-occupied housing base indicates demand depth for multifamily
- 1973 vintage offers value-add and modernization potential
- Household growth within 3 miles points to a widening renter pool
- Risks: below-median safety indicators and rent-to-income pressures require disciplined operations