| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 4th | Poor |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1816 Lotus Ln, Bakersfield, CA, 93307, US |
| Region / Metro | Bakersfield |
| Year of Construction | 2011 |
| Units | 65 |
| Transaction Date | 2025-06-17 |
| Transaction Price | $4,300,000 |
| Buyer | NINA PLACE APARTMENTS LP |
| Seller | NINA PLACE APARTMENT INVESTORS LP |
1816 Lotus Ln Bakersfield Multifamily Investment
This 65-unit property built in 2011 operates in a neighborhood with 63.9% renter-occupied housing, ranking in the top quartile among 247 Bakersfield metro neighborhoods for rental concentration according to WDSuite's CRE market data.
The property sits in an inner suburb neighborhood that demonstrates strong fundamentals for multifamily demand. With 63.9% of housing units being renter-occupied, this area ranks 23rd among 247 Bakersfield metro neighborhoods, placing it in the top quartile nationally for rental concentration. This high renter density creates a substantial tenant base that supports occupancy stability and lease-up velocity for multifamily operators.
Built in 2011, the property offers a significant vintage advantage over the neighborhood average construction year of 1962. This 49-year difference positions the asset competitively with reduced near-term capital expenditure needs and stronger appeal to quality-conscious renters. The newer construction aligns with investor preferences for properties requiring minimal immediate renovation or major system replacements.
Demographic data aggregated within a 3-mile radius shows a growing renter pool, with household formation increasing 3.2% over five years and projected household growth of 41.6% through 2028. The area maintains affordable rental dynamics with median contract rents at $904, supporting tenant retention while providing room for measured rent growth. Home values averaging $191,891 with a value-to-income ratio ranking in the 85th percentile nationally indicate that elevated ownership costs sustain rental demand by limiting accessibility to homeownership for many area residents.
The neighborhood's safety profile presents mixed indicators that require careful consideration for multifamily investment planning. Crime metrics place the area at 196th among 247 Bakersfield metro neighborhoods, with property offense rates estimated at 722 incidents per 100,000 residents and violent crime at 146 incidents per 100,000 residents. Both categories rank in the bottom quartile nationally, indicating higher crime levels compared to typical U.S. neighborhoods.
Recent crime trends show increases of 29% for property offenses and 65.5% for violent offenses year-over-year, though these changes rank near metro medians, suggesting area-wide patterns rather than location-specific deterioration. Investors should factor potential security considerations into operating budgets and tenant screening protocols while evaluating whether current rental rates adequately compensate for perceived risk factors.
Employment data for nearby anchor employers with specific distances was not available in the current dataset, limiting detailed proximity analysis for workforce housing demand drivers in this location.
This 65-unit Bakersfield property presents a value-oriented multifamily opportunity anchored by strong rental demand fundamentals and demographic growth trends. The neighborhood's 95th percentile national ranking for rental concentration creates a deep tenant base, while the property's 2011 construction year provides competitive positioning with reduced capital expenditure risk compared to the area's older housing stock averaging 1962 vintage.
Demographic projections within a 3-mile radius support expanding multifamily demand, with household growth of 41.6% forecasted through 2028 and renter pool expansion driven by sustained affordability pressures. According to CRE market data from WDSuite, the combination of high rental tenure rates and projected household formation indicates stable absorption potential for well-managed multifamily assets in this submarket.
- Strong rental demand foundation with 63.9% renter-occupied housing ranking top quartile among metro neighborhoods
- Competitive asset positioning with 2011 construction versus 1962 neighborhood average, reducing near-term capital needs
- Demographic growth trends supporting tenant base expansion with 41.6% projected household increase through 2028
- Affordable rental dynamics at $904 median rent provide tenant retention advantages and measured growth potential
- Risk consideration: Crime metrics rank bottom quartile nationally, requiring enhanced security planning and tenant screening protocols