| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 57th | Best |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1100 Mondavi Way, Bakersfield, CA, 93312, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1994 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1100 Mondavi Way, Bakersfield Multifamily Opportunity
Positioned in an inner-suburb pocket of Bakersfield with steady renter demand and balanced affordability, this 36-unit asset presents potential for durable occupancy and disciplined rent management, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood rated A and ranked 20 out of 247 within the Bakersfield metro, placing it above the metro median and competitive for investors screening for operational stability. Neighborhood occupancy is in the mid-90s and trends slightly above the national median, supporting a base case of consistent leasing conditions rather than outsized volatility.
Local amenities favor daily needs over niche options: restaurants are competitive among Bakersfield neighborhoods (ranked 35 of 247; top-quartile nationally), with grocery and pharmacy access showing above-average coverage versus many U.S. neighborhoods. Cafés, parks, and childcare are more limited in the immediate area, suggesting residents may rely on nearby corridors for those services.
Schools in the neighborhood rank 13 out of 247 in the metro and score stronger than many neighborhoods nationally, a factor that can aid retention for larger households. Median contract rents at the neighborhood level sit above many U.S. neighborhoods (national percentile near the upper third), while rent-to-income metrics indicate manageable affordability pressure relative to incomes—conditions that typically support renewal rates and measured rent growth for stabilized multifamily assets.
Demographic statistics aggregated within a 3-mile radius point to a growing population and an expected increase in households over the next five years, implying a larger tenant base and gradual renter pool expansion. The renter-occupied share is moderate, providing depth without signaling saturation; combined with elevated ownership costs in the area relative to incomes, this mix tends to sustain reliance on rental housing and support occupancy resilience.
Neighborhood safety indicators track close to the national middle overall (around the 51st percentile nationwide) and are competitive among Bakersfield neighborhoods (rank 89 of 247). Recent trends diverge by category: violent offense rates are trending lower year over year (strong improvement, roughly mid-60s percentile nationally), while property offenses have seen a recent uptick compared with last year. For underwriting, this points to generally stable conditions with a watchlist on property-related incidents and standard asset-level security measures.
This 36-unit asset in Bakersfield’s inner suburbs benefits from a neighborhood ranked 20 of 247 in the metro, with occupancy performance modestly above national norms and rent levels positioned above many U.S. neighborhoods. The combination of a moderate renter concentration and a growing 3-mile population signals a steady tenant pipeline that can support leasing stability and measured pricing power through cycles, based on CRE market data from WDSuite.
Household incomes in the surrounding 3-mile area are strong and rising, while ownership remains a high-cost path relative to incomes, reinforcing reliance on multifamily housing. Limited lifestyle amenities in the immediate blocks are offset by practical access to food and pharmacy options and competitive restaurant density, all of which tend to support day-to-day livability and resident retention.
- Neighborhood rank 20/247 in Bakersfield supports investor confidence in location fundamentals.
- Occupancy trends slightly above national norms, aiding cash flow stability in typical leasing cycles.
- 3-mile population and household growth expand the tenant base, supporting renewal rates and lease-up.
- Elevated ownership costs relative to incomes sustain demand for rentals and measured pricing power.
- Risk: recent uptick in property offenses warrants prudent security planning and loss-prevention focus.