| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Poor |
| Demographics | 11th | Poor |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 117 Beardsley Ave, Bakersfield, CA, 93308, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1985 |
| Units | 22 |
| Transaction Date | 2005-04-19 |
| Transaction Price | $1,275,000 |
| Buyer | GROUP IX BP PROPERTIES LP |
| Seller | AZARMI MEHRDAD |
117 Beardsley Ave Bakersfield Multifamily Investment
Neighborhood occupancy trends sit around national norms while renter concentration is elevated, pointing to a sizable tenant base and stable leasing potential, according to WDSuite s CRE market data.
This Inner Suburb pocket of Bakersfield offers everyday convenience more than lifestyle flair. Grocery access is comparatively strong (competitive locally and top quartile nationally), while cafes, parks, childcare, and pharmacies are sparse. School ratings trend low for the neighborhood relative to national peers, which may factor into renter profile and lease terms more than rent premiums.
At the neighborhood level, occupancy is near the national midpoint, but the share of housing units that are renter-occupied is high (ranked 24th among 247 Bakersfield neighborhoods and in the 95th percentile nationally). For multifamily owners, that depth of renter demand can support leasing velocity, though it places a premium on effective property management and renewals.
Construction across nearby stock skews older (average vintage 1959), while this asset was built in 1985. The newer vintage offers a relative competitive edge versus much of the local inventory, though investors should still plan for system updates and targeted renovations to meet today s renter expectations.
Within a 3-mile radius, population and households have grown in recent years, with projections indicating further increase in households and modestly smaller household sizes. That trajectory generally expands the renter pool and supports occupancy stability for well-managed properties. Median home values in the neighborhood are lower than many California markets, which can introduce some competition from ownership; however, this also helps sustain renter reliance on accessible options, keeping multifamily demand steady in workforce segments.
Neighborhood-level crime metrics specific to this location are not available in the data provided. Investors typically benchmark safety by comparing neighborhood trends to Bakersfield and Kern County over time, looking for improving or stable conditions that support resident retention. As always, pair historical trend review with on-the-ground diligence and consistent lighting, access control, and community standards to help support resident peace of mind.
Major employer proximity data with precise distances was not available in the provided dataset. Investors may consider validating commute access to Bakersfield s medical, logistics, energy, and public-sector employment nodes to gauge workforce demand and lease retention potential.
117 Beardsley Ave is a 22-unit, 1985-vintage asset positioned in a renter-heavy Bakersfield neighborhood where occupancy trends are near national norms and renter concentration is high. The property s vintage is newer than much of the surrounding stock, offering relative competitiveness with scope for targeted value-add to modernize interiors and systems.
Household growth within a 3-mile radius and projections for additional renter pool expansion support a steady demand backdrop, while accessible ownership costs nearby suggest the need for disciplined pricing and resident experience to mitigate competition. According to CRE market data from WDSuite, the neighborhood s amenity mix is practical strong grocery presence but limited cafes and parks which aligns the asset with workforce housing demand rather than lifestyle-driven premiums.
- Newer-than-neighborhood stock (1985) offers competitive positioning with targeted renovation upside.
- High renter-occupied share indicates depth of tenant base and supports leasing stability.
- 3-mile growth in population and households points to sustained multifamily demand and occupancy support.
- Practical amenity mix (strong grocery access) fits workforce demand more than lifestyle premiums.
- Risk: accessible ownership options and rent-to-income pressures require disciplined pricing and retention management.