| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 14th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1125 California Ave, Bakersfield, CA, 93304, US |
| Region / Metro | Bakersfield |
| Year of Construction | 2004 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1125 California Ave Bakersfield Multifamily Investment
Neighborhood occupancy remains elevated and renter demand is deep, supported by a very high renter-occupied share and competitive stability, according to WDSuite’s CRE market data.
This inner-suburb location in Bakersfield shows investor-friendly demand signals: the neighborhood s occupancy is competitive among 247 Bakersfield neighborhoods and sits in the top quartile nationally, indicating resilient leasing conditions versus broader benchmarks (based on CRE market data from WDSuite). Renter concentration is exceptionally high, pointing to a sizable tenant base that can support absorption and renewals across cycles.
The property s 2004 construction is newer than the area s older housing stock (average around 1960), which can provide a competitive edge on functionality and curb appeal against legacy assets, while still leaving room for targeted modernization and systems planning as the asset seasons.
Livability is mixed: local restaurant density scores well relative to peers, but other daily-needs amenities (grocery, parks, pharmacies, cafes, childcare) register sparse within the neighborhood. For investors, that can translate into a resident base more focused on value and proximity to employment corridors than on high-amenity walkability.
Within a 3-mile radius, population has grown modestly in recent years with households increasing and forecasts pointing to further renter pool expansion over the next five years. Rising household incomes are projected alongside higher median contract rents, suggesting continued pricing power for well-positioned assets, provided affordability and retention are managed effectively.
Ownership metrics show elevated value-to-income ratios locally compared with many U.S. neighborhoods, which tends to sustain reliance on rental housing. At the same time, a relatively high rent-to-income ratio indicates potential affordability pressure for some renters, making revenue management and renewal strategies important for preserving steady occupancy and minimizing turnover.
Safety indicators in this neighborhood trend below national medians, and the area ranks toward the less safe end among 247 Bakersfield neighborhoods. National percentiles point to relatively higher incident rates compared with many U.S. neighborhoods, so investors typically underwrite with prudent measures such as lighting, access control, and firm screening standards.
Year-over-year estimates indicate an uptick in both property and violent offense rates per WDSuite s data. Framed for investors, this underscores the value of attentive asset management and partnerships with professional security vendors where appropriate, as well as community engagement to support resident retention.
1125 California Ave offers scale at 120 units with neighborhood occupancy that is competitive within the Bakersfield metro and in the top quartile nationally, supporting a case for stable leasing. The asset s 2004 vintage is materially newer than the area s average housing stock, positioning it to compete effectively against older properties while still presenting selective value-add opportunities through modernization. According to CRE market data from WDSuite, the surrounding renter-occupied share is very high, reinforcing demand depth even as amenity density remains limited.
Forward-looking 3-mile demographics point to expanding households and income growth alongside rising rents, which can underpin long-term NOI growth if affordability and retention are managed. Ownership remains comparatively expensive relative to incomes, which tends to support renter reliance and lease-up velocity; key risks to monitor include affordability pressure and neighborhood safety trends that may require active management.
- Occupancy strength: competitive in metro and top quartile nationally supports leasing stability
- 2004 vintage offers competitive positioning vs. older local stock with targeted modernization upside
- Very high renter concentration and projected household growth expand the tenant base
- Ownership costs relative to incomes reinforce rental demand and lease retention potential
- Risks: affordability pressure (higher rent-to-income) and below-median safety metrics require proactive management