| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 7th | Poor |
| Amenities | 7th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1750 Cheatham Ave, Bakersfield, CA, 93307, US |
| Region / Metro | Bakersfield |
| Year of Construction | 2006 |
| Units | 91 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1750 Cheatham Ave Bakersfield Multifamily Investment
Neighborhood occupancy is strong and renter concentration is high, supporting demand resilience for a 2006-vintage, 90+ unit asset, according to WDSuite s CRE market data. Investors should underwrite for affordability pressures while leveraging durable leasing fundamentals.
The property sits in a suburban Bakersfield neighborhood that shows durable renter demand. Neighborhood occupancy is near the top decile nationally and ranks 48th among 247 Bakersfield neighborhoods, placing it in the top quartile within the metro. A high share of housing units are renter-occupied, indicating a deep tenant base that can support steady lease-up and renewals.
Livability is car-oriented with limited amenity density inside the neighborhood (few cafes, parks, childcare sites, and pharmacies per square mile). Grocery access is present but not dense. Investors can expect residents to rely on nearby commercial corridors by car, which tends to favor garden and low-rise multifamily with on-site convenience features over walkability-driven premiums.
Within a 3-mile radius, WDSuite 19s demographics show recent population growth with additional household gains projected through 2028. This expansion suggests a larger tenant base and supports occupancy stability. Household incomes in the area trail national norms, and rent-to-income ratios point to affordability pressure important for renewal strategies and rent setting.
The neighborhood s for-sale market carries elevated home values relative to incomes (high value-to-income ratio nationally), which tends to sustain renter reliance on multifamily housing and supports pricing power when managed alongside local affordability considerations. Average school ratings are below national norms, which may tilt the renter profile more toward value-seeking households and workforce demand rather than top school-driven leasing.
Safety indicators are mixed. Compared with neighborhoods nationwide, overall crime sits around the middle of the pack, with violent incidents near national averages and trending downward year over year. Property crime is higher than national norms, suggesting prudent on-site security measures and lighting can aid retention.
Within the Bakersfield metro context, the neighborhood s crime rank is around the middle among 247 neighborhoods, indicating a competitive but not top-tier safety profile locally. Monitoring recent improvements in violent incident trends and aligning operations with best practices remain practical risk-management steps for investors.
Built in 2006, the asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older properties while still leaving room for targeted upgrades over time. Strong neighborhood occupancy and a high share of renter-occupied units point to depth of tenant demand and potential lease stability. Elevated ownership costs in the area further reinforce renter reliance on multifamily, while demographic growth within a 3-mile radius expands the prospective renter pool. Based on commercial real estate analysis from WDSuite, these dynamics compare favorably to broader metro patterns, though affordability pressures should inform renewal strategies and amenity positioning.
Near-term performance should benefit from durable occupancy and workforce-driven demand, with upside from disciplined value-add focused on livability and operating efficiency. Risks include limited neighborhood amenity density, below-average school ratings, and property-crime exposure, all of which are manageable with appropriate capital planning and on-site operations.
- 2006 vintage offers competitive positioning versus older local stock, with selective modernization potential
- Strong neighborhood occupancy (top quartile in the metro) supports leasing stability
- High renter-occupied share indicates depth of tenant demand and renewal potential
- Elevated ownership costs sustain reliance on rentals, aiding pricing power when balanced against affordability
- Risks: limited amenity density, below-average school ratings, and property-crime exposure require active management