| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 3rd | Poor |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1230 Flower St, Bakersfield, CA, 93305, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1975 |
| Units | 20 |
| Transaction Date | 2019-02-09 |
| Transaction Price | $650,000 |
| Buyer | CALIFORNIA CAPITAL EQUITIES LLC |
| Seller | SORENSON RANDI |
1230 Flower St Bakersfield Multifamily Investment Snapshot
Neighborhood occupancy in the low-90s and a high renter-occupied share point to a durable tenant base, according to WDSuite’s CRE market data. Metrics reflect the surrounding neighborhood rather than the property and indicate stable demand with room for targeted operational improvements.
Located in Bakersfield’s Urban Core (neighborhood rating C+), the area balances everyday convenience with pragmatic investment fundamentals. Amenity access is competitive among 247 metro neighborhoods, with grocery and pharmacy density ranking in the top cohort, while parks and cafes are comparatively limited. School outcomes track below metro norms, which investors should account for when positioning to families.
For rental dynamics, neighborhood occupancy is around the low-90s and has trended upward over the past five years, supporting steady leasing. The share of housing units that are renter-occupied is very high, indicating depth in the renter pool and potential resilience through cycles. Median contract rents sit below national medians for similar urban areas, which can aid lease-up and retention, though a rent-to-income ratio near the upper-20s suggests ongoing affordability pressure to monitor.
Within a 3-mile radius, population has inched higher and households have grown faster than population, pointing to smaller household sizes and a broader renter base over time. Forward-looking estimates indicate continued household growth and rising incomes in the area, supporting occupancy stability and incremental pricing power as renewals cycle.
Vintage context matters: with an average neighborhood construction year around 1950, a 1975 asset is newer than much of the local stock. This positioning can support competitiveness versus older product, while still leaving room for targeted system upgrades and common-area refreshes to drive NOI.
Safety conditions in this neighborhood are below the metro median among 247 Bakersfield neighborhoods and below national medians. Recent data shows year-over-year increases in both property and violent offenses, underscoring the importance of active security measures and site-level design (lighting, access controls) as part of the operating plan.
Investors typically underwrite modest security and maintenance spend here and may emphasize resident engagement, visibility, and partnerships with local resources to support retention and stabilize operations over the hold period.
This 20-unit, 1975-vintage asset sits in a renter-heavy Bakersfield neighborhood where occupancy has held near the low-90s, supporting consistent leasing and renewal potential. According to commercial real estate analysis from WDSuite, grocery and pharmacy access is strong for the metro, helping everyday livability even as parks and cafes are limited. Rents that are positioned below national medians can aid absorption, while operators should manage for affordability pressure and retention risk.
Relative to older local stock (average vintage around 1950), 1975 construction offers a competitive baseline with room for targeted value-add—interior updates and system modernizations—to enhance rent attainment. Key watch items include below-median safety metrics and the more accessible ownership landscape locally, which can increase competition for certain renter cohorts.
- High renter-occupied share supports a deep tenant base and demand stability.
- Neighborhood occupancy in the low-90s underpins steady leasing and renewals.
- 1975 vintage offers value-add potential versus older neighborhood stock.
- Risks: below-median safety and potential competition from accessible ownership options require active management.