| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 25th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1100 Valhalla Dr, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1978 |
| Units | 39 |
| Transaction Date | 2011-11-16 |
| Transaction Price | $1,259,000 |
| Buyer | ALLRED NANCY ELIZABETH |
| Seller | LANDAU BENJAMIN |
1100 Valhalla Dr Bakersfield Multifamily Investment
Neighborhood fundamentals indicate stable renter demand with occupancy trending in the low-90s at the neighborhood level, according to WDSuite’s CRE market data. The area’s high renter concentration supports leasing depth, though performance will vary by asset quality and management.
This inner-suburb location in Bakersfield rates B+ overall and is competitive among Bakersfield neighborhoods (ranked 66 out of 247), signaling balanced conditions for workforce-oriented multifamily. Neighborhood occupancy is above the national median (62nd percentile), which helps underpin income stability at the property level when paired with consistent operations.
Daily needs are well-covered: grocery and pharmacy access sit in the upper national percentiles (around the high-80s to upper-90s), and restaurants are similarly dense for the metro. By contrast, cafes and childcare are sparse locally, so tenant appeal will skew toward households prioritizing value and essentials rather than boutique amenity clusters. Average school ratings trend below national norms, which could be a leasing consideration for family-oriented units.
The renter-occupied share at the neighborhood level is high (near the top of national comparisons), indicating a deep tenant base and reinforcing multifamily relevance; investors should distinguish this from occupancy, which refers to leased units. Median rent levels and a rent-to-income ratio near the low-20% range suggest manageable affordability pressure for many renters, supporting retention and measured pricing power rather than outsized rent lifts.
Demographic statistics are aggregated within a 3-mile radius. The local population has been roughly stable in recent years, with projections pointing to meaningful increases in both population and households over the next five years. That outlook implies a larger tenant base and supports occupancy stability for well-positioned assets, provided properties stay competitive through upkeep and targeted upgrades.
Safety indicators for the neighborhood track below national averages (around the lower national quintiles), and the area ranks toward the higher-crime end relative to Bakersfield’s 247 neighborhoods. Recent estimates show year-over-year increases in both violent and property offenses, so investors should underwrite appropriate security, lighting, and resident-engagement measures and compare trends to submarket peers.
As with any urban infill location, conditions can vary by block and over time. Review multi-year trajectories and property-specific measures alongside broader metro context to calibrate expectations for retention and operating costs.
This 39-unit asset sits in a competitive Bakersfield neighborhood with occupancy above the national median and a notably high renter-occupied housing share, indicating durable multifamily demand. Essentials-oriented amenities are strong locally, supporting resident convenience and lease retention, while below-median school ratings and limited boutique amenities underscore the importance of value positioning and on-site experience.
According to CRE market data from WDSuite, neighborhood-level rents and rent-to-income dynamics support steady, rather than aggressive, rent growth, which can be attractive for income-focused strategies. Three-mile radius projections point to growth in population and households, expanding the renter pool and supporting long-run absorption. Investors should balance these tailwinds against safety metrics that trail national benchmarks and plan for operating practices that sustain competitiveness.
- Occupancy above national median supports income stability for well-managed assets.
- High renter-occupied share signals deep tenant demand and leasing resilience.
- Strong access to essentials (grocery, pharmacy, restaurants) aids retention and everyday livability.
- 3-mile demographic projections indicate a larger renter pool and support for absorption over time.
- Risk: safety metrics lag national averages; budget for security and resident-experience improvements.