| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 25th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 Valhalla Dr, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1976 |
| Units | 94 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1300 Valhalla Dr Bakersfield Multifamily Investment
Neighborhood occupancy has held in the low-90s with a notably high renter concentration, supporting demand resilience according to WDSuite’s CRE market data. Positioning in an inner-suburban Bakersfield location offers consistent renter traffic alongside practical amenity access.
This Inner Suburb location is competitive among Bakersfield neighborhoods (66 of 247) and shows steady renter demand: neighborhood occupancy is around the mid‑90% range and the share of housing units that are renter‑occupied is high, indicating a deep tenant base for multifamily. Rents in the area are mid‑market for the metro and have increased over the past five years, according to multifamily property research from WDSuite, which supports revenue stability while still maintaining retention potential.
Daily‑needs access is a local strength. The neighborhood scores high for groceries, pharmacies, parks, and restaurants (each in the upper national percentiles), which supports livability and leasing appeal. Café and childcare density is limited, so resident demand may skew toward convenience retail and quick‑service options over boutique amenities.
Within a 3‑mile radius, population and household counts have been broadly stable recently, with WDSuite data indicating projected growth by 2028. A larger 3‑mile renter pool and rising household incomes point to a gradually expanding demand base that can support occupancy stability and measured rent growth for well‑positioned assets.
Ownership costs in the neighborhood context are comparatively accessible, which can create some competition with rentals. That said, rent‑to‑income levels remain manageable locally, supporting lease retention and reducing turnover risk relative to higher‑burden submarkets. Average school ratings trail national norms, which is a consideration for family‑oriented leasing but may be less impactful for workforce‑oriented unit mixes.
Safety trends warrant attention. The neighborhood ranks 218 out of 247 across the Bakersfield metro on crime, placing it below the metro average and in a lower national percentile. Recent estimates show increases in both property and violent offenses year over year, so operators should plan for proactive security measures, lighting, and partnership with local resources to support resident confidence and retention.
For investors, the takeaway is risk management rather than disqualification: underwriting should reflect elevated security and insurance considerations, and leasing strategies can emphasize on‑site stewardship and community standards to mitigate perception and turnover.
The investment case centers on durable renter demand in an inner‑suburban Bakersfield location with strong daily‑needs access and a high neighborhood renter concentration. Neighborhood occupancy is above many national benchmarks, and rent levels remain manageable relative to incomes, supporting retention and steady cash flow for well‑managed assets.
According to CRE market data from WDSuite, the submarket’s amenity coverage (groceries, pharmacies, parks, restaurants) compares favorably at the national level, which helps sustain leasing velocity. Forward‑looking 3‑mile demographic projections indicate a larger tenant base over the next several years, supporting occupancy stability and measured pricing power, while acknowledging risks tied to safety perceptions and competition from accessible ownership options.
- High neighborhood renter concentration supports depth of tenant demand and leasing stability.
- Amenity‑rich daily‑needs environment (groceries, pharmacies, parks, restaurants) underpins property livability and retention.
- Rent levels remain manageable relative to incomes, aiding renewals and reducing turnover risk.
- 3‑mile population and household growth projections expand the prospective renter pool over time.
- Risks: below‑average safety ranking in the metro and potential competition from accessible ownership options require prudent operations and positioning.