| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 25th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1401 McDonald Way, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1977 |
| Units | 32 |
| Transaction Date | 2006-02-24 |
| Transaction Price | $5,000,000 |
| Buyer | DACAR LLC |
| Seller | MBS WOODLAND LLC |
1401 McDonald Way Bakersfield Multifamily Investment
This 32-unit property built in 1977 positions investors in a strong rental market where 74% of neighborhood housing units are renter-occupied, ranking in the top 2% nationally.
Located in an inner suburb of Bakersfield, this neighborhood demonstrates solid rental fundamentals with 93.5% occupancy rates and strong renter concentration at 74% of housing units, ranking 14th among 247 metro neighborhoods. The area maintains above-average amenity access, with grocery store density in the 97th percentile nationally and restaurant availability in the 89th percentile, supporting tenant retention and lease-up velocity.
Demographic data aggregated within a 3-mile radius shows a stable renter base of approximately 118,000 residents, with median household incomes of $63,930. Five-year projections indicate household growth of 37% and median income increases of 32%, expanding the potential tenant pool and supporting rental demand. Contract rents currently average $1,062, with 25% growth over the past five years.
The property's 1977 construction year aligns with the neighborhood average, presenting potential value-add opportunities through strategic renovations and unit upgrades. With home values at $205,546 median and elevated ownership costs relative to incomes, the market maintains strong rental demand as households remain in multifamily housing rather than transitioning to ownership.
Safety metrics indicate areas for consideration, with the neighborhood ranking 218th out of 247 metro neighborhoods for overall crime, placing it in the lower quartile locally. Property offense rates have increased 51% year-over-year, while violent crime rates show a 140% increase, though from relatively low baseline levels.
These trends warrant careful due diligence on security measures and tenant screening protocols. Investors should factor potential security enhancements into capital planning and consider how local safety perceptions may impact lease-up timelines and tenant retention strategies.
Employment data for specific nearby employers is not available in the current dataset. Investors should conduct independent research on major area employers and job centers that support rental demand in this Bakersfield submarket.
This 32-unit Bakersfield property offers investors exposure to a rental-dominated market with 93.5% neighborhood occupancy and strong tenant demand fundamentals. According to CRE market data from WDSuite, the area's 74% renter concentration ranks in the top 2% nationally, indicating sustained multifamily housing demand. The 1977 vintage provides value-add potential through strategic renovations, while projected household growth of 37% over five years supports long-term occupancy stability.
Five-year demographic projections show expanding rental demand with household income growth of 32% and population increases, creating a larger tenant base for lease renewals and unit absorption. The neighborhood's amenity infrastructure, including high grocery and restaurant density, supports tenant retention and competitive positioning.
- Strong rental market fundamentals with 74% renter occupancy ranking top 2% nationally
- Value-add renovation opportunities in 1977-vintage property
- Projected household growth of 37% supporting tenant demand expansion
- High amenity density supporting tenant retention and competitive positioning
- Risk consideration: Safety metrics rank in lower quartile requiring security planning