| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 15th | Poor |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1816 Planz Rd, Bakersfield, CA, 93304, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1982 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1816 Planz Rd Bakersfield Multifamily Investment
Neighborhood occupancy is resilient and competitive among Bakersfield submarkets, according to WDSuite’s CRE market data, supporting stable operations for a 23-unit asset at this address. With a renter-occupied housing base above the metro median, tenant demand depth is a core strength.
Situated in an inner-suburb pocket of Bakersfield with a C+ neighborhood rating, this location shows occupancy that sits in the top quartile nationally while ranking above the metro median (82 of 247 neighborhoods). For investors, that combination points to steadier lease-up and lower downtime risk relative to weaker submarkets, based on CRE market data from WDSuite.
Retail and daily-needs access skew practical rather than lifestyle-oriented. Grocery presence is a standout strength, ranking near the top of Bakersfield neighborhoods and well above national norms, while cafes, parks, and pharmacies are comparatively limited. This mix tends to support workforce-oriented renter profiles and favors properties that compete on value, convenience, and parking rather than walkable amenities.
The surrounding housing stock trends slightly older than the subject’s 1982 vintage (neighborhood average 1978). That gives the property a modest competitive edge versus older inventory, though systems and common areas may warrant selective modernization to drive rent competitiveness and retention.
Tenure patterns show a high share of renter-occupied units for the neighborhood (92nd percentile nationally), indicating a deep tenant base that can sustain occupancy. Median contract rents are near national mid-range for similar neighborhoods, and rent-to-income levels suggest manageable affordability pressure, aiding renewal discussions and reducing turnover volatility.
Within a 3-mile radius, population and household counts have grown modestly over the last five years, with WDSuite data pointing to continued population growth and an expanding household base ahead. These trends imply a gradually larger renter pool and support for steady absorption, particularly for well-maintained, mid-size units like the average 856 sq. ft. found here.
School ratings in the neighborhood score below national averages, which can limit family-driven premium demand. However, relative housing value in the submarket and a high-cost ownership landscape (value-to-income above many U.S. neighborhoods) reinforce reliance on multifamily rentals, supporting pricing power within competitive bands.
Safety metrics for the neighborhood trend below national averages, with crime ranking in the lower tier among Bakersfield areas (217 out of 247 neighborhoods). This places the area below the metro median and indicates investors should incorporate routine security and lighting protocols into underwriting and operations.
Recent estimates show year-over-year increases in both violent and property offense rates relative to national benchmarks. While conditions can vary by block and property management practices, prudent measures—access control, visibility, and active tenancy standards—can help maintain on-site stability and resident retention.
This 23-unit property combines competitive neighborhood occupancy with a renter-heavy housing base, supporting steady leasing and renewal potential. The 1982 vintage is slightly newer than nearby stock, offering a manageable path for targeted value-add—modernizing interiors and building systems to outcompete older properties without overcapitalizing.
Demand fundamentals are reinforced by practical retail access—strong for groceries—and by population and household growth within a 3-mile radius, indicating gradual renter pool expansion. According to CRE market data from WDSuite, the neighborhood’s occupancy performance sits above the metro median and in the top quartile nationally, providing a constructive backdrop for income stability while acknowledging below-average school ratings and safety metrics as underwriting considerations.
- Occupancy in the neighborhood ranks above the metro median, supporting lease-up and renewal stability.
- High renter-occupied share indicates a deep tenant base and durable multifamily demand.
- 1982 vintage offers selective value-add potential versus older nearby stock.
- Practical amenities led by strong grocery access align with workforce renter preferences.
- Risks: below-average school ratings, limited lifestyle amenities, and safety metrics below national norms require active management.