| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 9th | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 180 Norris Rd, Bakersfield, CA, 93308, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1979 |
| Units | 20 |
| Transaction Date | 2022-04-08 |
| Transaction Price | $2,475,000 |
| Buyer | SKYLINE CONSTRUCTION SERVICES INC |
| Seller | CHATEAU NORTH TOWNHOMES |
180 Norris Rd, Bakersfield CA — 20-Unit Multifamily Position
Neighborhood occupancy is solid and renter demand is deep in this inner-suburban Bakersfield pocket, according to WDSuite’s CRE market data, supporting stable leasing for well-managed assets.
This Inner Suburb neighborhood is rated B and ranks 97 out of 247 within the Bakersfield metro—competitive among Bakersfield neighborhoods. Neighborhood occupancy runs at 94.3% (neighborhood-level), placing it around the top third nationally, which supports income durability for stabilized multifamily.
Renter concentration is high at 61.2% of housing units being renter-occupied (neighborhood-level), signaling a large tenant base and consistent lease-up potential. Within a 3-mile radius, population and household counts have risen over the last five years and are projected to continue growing, pointing to a larger renter pool and support for occupancy over the medium term.
Daily-needs access is a relative strength: grocery and restaurant density rank in the top quartile among 247 Bakersfield neighborhoods, and park access is also top quartile—conveniences that aid retention. Childcare and pharmacy availability, however, rank at the low end locally, which may matter for some household segments.
Ownership costs are elevated relative to local incomes (value-to-income ratio near the upper end nationally), which tends to reinforce reliance on rentals and can sustain demand for multifamily units. At the same time, the neighborhood’s rent-to-income ratio is elevated, indicating affordability pressure that owners should manage carefully to support renewals and limit turnover.
School ratings trend below national norms, which could influence unit mix appeal for family renters, but pricing relative to broader California still positions the area as a workforce housing option within the metro, based on CRE market data from WDSuite.
Comparable safety metrics for this neighborhood were not available in the provided dataset. Investors typically contextualize safety by comparing neighborhood trends to metro and national benchmarks and by observing conditions at different times of day. When data is available, translating ranks into relative standing (e.g., above metro average or top quartile nationally) helps frame risk alongside rent, turnover, and retention dynamics.
Built in 1979, the property is newer than much of the area’s mid-century stock, offering a relative competitiveness edge while still warranting ongoing system updates and selective renovations. The surrounding neighborhood shows solid occupancy and a high share of renter-occupied housing, pointing to a deep tenant base and steady leasing fundamentals. According to commercial real estate analysis from WDSuite, amenities like grocery, dining, and parks are strengths locally, while limited childcare/pharmacy access and below-average school ratings are considerations for unit mix and marketing.
Within a 3-mile radius, population and household growth—along with forecasts for additional household gains—support the case for sustained renter demand. Elevated ownership costs relative to incomes tend to keep households in the rental market, but an elevated rent-to-income ratio at the neighborhood level suggests careful lease management and renewal strategies will be important for retention.
- Neighborhood occupancy in the top third nationally supports income stability for well-run assets.
- High renter-occupied share indicates depth of tenant demand and consistent leasing.
- 1979 vintage offers competitive positioning versus older stock, with targeted updates for longevity.
- Amenities (grocery, restaurants, parks) are local strengths that aid retention and leasing velocity.
- Risk: elevated rent-to-income and lower school ratings require thoughtful pricing, renewal, and unit-mix strategies.