| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 30th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1401 S St, Bakersfield, CA, 93301, US |
| Region / Metro | Bakersfield |
| Year of Construction | 2011 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1401 S St Bakersfield 72-Unit Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep in this Inner Suburb location, according to WDSuite’s CRE market data, supporting stable cash flow potential for well-managed assets.
The property sits in a Bakersfield Inner Suburb neighborhood rated A and ranked 18 out of 247 metro neighborhoods, indicating it is competitive among Bakersfield neighborhoods for livability and renter demand based on CRE market data from WDSuite. The area’s apartment occupancy is high at the neighborhood level and sits in the top decile nationally, a favorable backdrop for maintaining leased units through cycles.
Daily needs are close by: grocery and pharmacy access score in high national percentiles, and restaurant density is extremely strong (near the top nationally). Parks are also comparatively abundant. School quality trends below national norms, which may matter for certain renter segments, but proximity to services supports workforce housing appeal and retention.
Construction in the immediate area skews older (average 1960), while the subject was built in 2011. Newer vintage relative to local stock can enhance competitive positioning and reduce near-term capital exposure versus older comparables; however, investors should still plan for mid-life systems and modernization as part of ongoing asset management. Average unit sizes around 1,170 square feet suggest layouts that can support retention among households seeking more space.
Within a 3-mile radius, population and households have grown and are projected to expand further, pointing to a larger tenant base over the next five years. Renter-occupied housing represents a substantial share of units in the neighborhood, indicating depth in the tenant pool and potential support for occupancy stability. Elevated home values relative to incomes in the neighborhood context can sustain reliance on rentals; at the same time, rent-to-income levels call for attentive lease management to mitigate affordability pressure and turnover risk.
Safety indicators at the neighborhood level trend below metro and national norms. The neighborhood’s crime rank is 221 out of 247 Bakersfield metro neighborhoods, placing it in a weaker cohort locally, and national safety percentiles are low. Investors should underwrite with prudent security, lighting, and operations planning, and consider that professional management and resident screening can help support leasing stability despite broader area trends.
This 72-unit asset built in 2011 offers newer-vintage positioning versus an older surrounding stock, which can aid leasing and reduce immediate capital intensity compared with legacy properties. Neighborhood apartment occupancy is strong and nationally high, and the local renter concentration signals a deep tenant base. Within a 3-mile radius, population and household growth — with further increases forecast — point to continued renter pool expansion that can support occupancy and renewal rates over time.
Ownership costs in the neighborhood context are elevated relative to incomes, reinforcing sustained demand for rental housing; however, observed rent-to-income levels suggest affordability pressure that warrants careful pricing and renewal strategies. According to CRE market data from WDSuite, access to daily amenities is robust, further supporting renter retention, while safety metrics below metro averages should be incorporated into operating plans and capital budgeting.
- Newer 2011 vintage versus older local stock supports competitive positioning and moderates near-term capex
- High neighborhood occupancy and a large renter-occupied share support leasing stability
- 3-mile population and household growth expand the tenant base and support renewals
- Daily amenity access is strong, aiding retention and property-level convenience
- Risks: below-average safety metrics and rent-to-income pressure require prudent operations and pricing discipline