| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 36th | Good |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10720 Brimhall Rd, Bakersfield, CA, 93312, US |
| Region / Metro | Bakersfield |
| Year of Construction | 2007 |
| Units | 68 |
| Transaction Date | 2017-10-18 |
| Transaction Price | $12,750,000 |
| Buyer | --- |
| Seller | VASU LLC |
10720 Brimhall Rd Bakersfield Multifamily Investment
This 68-unit property built in 2007 targets a neighborhood ranking in the top quartile among 247 metro neighborhoods for net operating income per unit. According to CRE market data from WDSuite, the area demonstrates above-average rental demand with 37% renter-occupied housing units.
This Inner Suburb neighborhood achieves an A- rating and ranks 53rd out of 247 Bakersfield metro neighborhoods, placing it in the top quartile for overall investment fundamentals. The area demonstrates strong housing metrics, ranking in the 72nd national percentile, supported by a median home value of $393,972 that has appreciated 33% over five years.
Built in 2007, the property represents newer construction compared to the neighborhood average of 1979, positioning it competitively for reduced near-term maintenance requirements and stronger tenant appeal. The 37% renter-occupied housing share indicates solid rental demand, while demographic data within a 3-mile radius shows a stable tenant base with median household income of $116,929.
Neighborhood-level occupancy stands at 93.2%, ranking 130th among metro neighborhoods but maintaining stability with modest 3% growth over five years. Contract rents average $1,436, placing the area in the 76th national percentile for rental rates. The rent-to-income ratio of 0.23 suggests manageable affordability for tenants, though this ranks lower at the 18th national percentile, indicating potential lease management considerations.
Amenity access shows mixed performance, with strong restaurant density ranking 22nd metro-wide but limited recreational amenities. The area benefits from pharmacy access ranking in the 84th national percentile, supporting tenant convenience and retention potential.
Safety metrics present a mixed profile requiring careful consideration. Property offense rates of 210.7 per 100,000 residents rank 91st out of 247 metro neighborhoods, placing the area near the middle of local comparisons and in the 55th national percentile. However, property crime has increased 46.5% year-over-year, ranking 146th metro-wide and in the 20th national percentile for crime trend stability.
Violent crime rates remain relatively low at 31.8 per 100,000 residents, ranking 132nd among metro neighborhoods and achieving the 51st national percentile. The concerning trend shows violent offenses increasing 142.4% year-over-year, ranking 171st metro-wide and in the 13th national percentile for trend stability. Investors should monitor these trends closely when evaluating tenant retention and insurance considerations.
Employment data for major anchor employers in the immediate vicinity is limited, though the broader Bakersfield metro benefits from diversified industries including energy, agriculture, and government services that support regional workforce housing demand.
The 2007 construction vintage positions this 68-unit property with reduced capital expenditure needs compared to older neighborhood stock, while the area's top-quartile ranking for net operating income per unit suggests strong fundamentals. Demographics within a 3-mile radius show household growth of 2.7% over five years, with projections indicating continued population expansion supporting rental demand through 2028.
The neighborhood's 93.2% occupancy rate and 37% renter-occupied housing share indicate stable rental demand, though rising crime trends and moderate amenity access require ongoing management attention. Home values averaging $393,972 with 33% appreciation may sustain rental demand by keeping ownership costs elevated relative to renting options.
- Top quartile NOI per unit performance among 247 metro neighborhoods
- 2007 construction reduces near-term capital expenditure compared to 1979 neighborhood average
- Stable 93.2% neighborhood occupancy with projected household growth through 2028
- Rising property crime trends require active management and security considerations