| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 3rd | Poor |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1311 Lincoln St, Bakersfield, CA, 93305, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1978 |
| Units | 22 |
| Transaction Date | 2008-04-16 |
| Transaction Price | $820,000 |
| Buyer | COURTNEY LAND LLC |
| Seller | GRAND PACIFIC FINANCING CORP |
1311 Lincoln St Bakersfield Multifamily Investment
This 22-unit property sits in an urban core neighborhood with 82% renter-occupied housing units, indicating strong multifamily property research fundamentals according to CRE market data from WDSuite.
The 1311 Lincoln St neighborhood demonstrates solid rental demand fundamentals within Bakersfield's urban core. With 82% of housing units renter-occupied, this area ranks in the top quartile nationally among 247 metro neighborhoods, supporting consistent tenant pools for multifamily operators. The neighborhood maintains a 91.6% occupancy rate, above the metro median, with median contract rents at $801 showing 32.7% growth over five years.
Demographics within a 3-mile radius show a stable renter base with 60.7% of housing units occupied by renters and household incomes averaging $47,834. Population forecasts indicate 3% growth through 2028, expanding the potential tenant pool while household formation trends project 47% growth in total households over the same period. This demographic expansion supports multifamily demand as more renters enter the market.
The property's 1978 construction year aligns with the neighborhood average of 1950, presenting potential value-add opportunities through strategic renovations and unit improvements. Amenity access includes strong grocery store density ranking 5th among metro neighborhoods, though limited park and cafe options may require operators to focus on property-level amenities to enhance tenant retention.
Crime metrics for this neighborhood show property offense rates of 1,051 per 100,000 residents, ranking 202nd among 247 metro neighborhoods. While this places the area below the metro median for property crime, violent offense rates at 232 per 100,000 residents rank 215th metro-wide, indicating room for improvement in overall safety conditions.
Recent trends show property crime increased 5.3% year-over-year while violent offenses rose 28.6%, suggesting investors should factor security considerations into property management strategies and potentially budget for enhanced lighting, security systems, or other tenant safety measures.
Employment data for major anchor employers near this property location was not available in the current dataset. Investors should conduct independent research on local employment centers and commute patterns when evaluating tenant demand drivers for this Bakersfield urban core location.
The 1311 Lincoln St property offers exposure to Bakersfield's urban core rental market with strong fundamental indicators for multifamily demand. The neighborhood's 82% renter-occupied housing share ranks in the top quartile nationally, while 91.6% occupancy rates demonstrate stable tenant retention above metro averages. Commercial real estate analysis shows median rents grew 32.7% over five years, indicating pricing power potential in this market segment.
The 1978 construction vintage presents value-add opportunities through strategic renovations, while demographic projections show 47% household growth through 2028 supporting long-term rental demand. However, below-average safety metrics and limited recreational amenities require careful property management and potential capital investment in security and tenant amenities.
- Top quartile renter concentration nationally supports consistent tenant demand
- Above-metro occupancy rates at 91.6% indicate stable cash flow potential
- 47% projected household growth through 2028 expands tenant pool
- 1978 vintage offers value-add renovation opportunities
- Crime trends and limited amenities require enhanced security and property management focus