| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 62nd | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1821 Golden State Ave, Bakersfield, CA, 93301, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1985 |
| Units | 44 |
| Transaction Date | 2000-03-16 |
| Transaction Price | $100,000 |
| Buyer | WESTCHESTER TOWNHOMES LLC |
| Seller | SHARMA RAJINDER K |
1821 Golden State Ave Bakersfield Multifamily Investment
Stabilized renter demand in an inner-suburb location positions this 44-unit asset for steady operations, according to WDSuite’s CRE market data. Newer construction relative to neighborhood vintage supports competitive positioning with potential for targeted upgrades.
This Inner Suburb neighborhood rates A+ and ranks 4th out of 247 Bakersfield neighborhoods, placing it firmly in the metro’s top tier for overall livability and investor appeal. Amenity access is a clear strength, with strong availability of pharmacies, cafes, parks, and everyday services that help support leasing and retention.
Occupancy at the neighborhood level has trended upward over the past five years, supporting a case for income stability. The renter-occupied share of housing units is competitive among Bakersfield neighborhoods, indicating a deep tenant base for workforce and market-rate units. Median home values sit in the upper quartile nationally, which tends to reinforce reliance on multifamily rentals and can aid pricing power and lease retention.
Within a 3-mile radius, population and household counts have grown and are projected to continue increasing through 2028, expanding the local renter pool and supporting occupancy. Household sizes are gradually moderating, which can sustain demand for a mix of one- and two-bedroom layouts and bolster absorption of larger floorplans. Based on commercial real estate analysis from WDSuite, neighborhood incomes have improved alongside service amenities, which typically aligns with durable renter demand.
The property’s 1985 construction is newer than the neighborhood’s average 1960s housing stock, suggesting relative competitiveness versus older buildings while leaving room for modernization projects to drive NOI through unit refreshes and common-area updates.
Safety metrics for this neighborhood trend below both the Bakersfield metro average and the national median, indicating elevated crime relative to many peer neighborhoods. Recent readings also point to a year-over-year uptick, so investors should underwrite prudent security measures and active property management to support resident satisfaction and retention.
As with any infill location, safety conditions can vary by block and over time; comparative data indicates this area performs in the lower national percentiles. Positioning strategies that emphasize lighting, access control, and community oversight are common risk mitigants in similar Bakersfield submarkets.
1821 Golden State Ave offers scale at 44 units with larger average floorplans, supporting family and roommate demand profiles that can aid retention. The location sits in a top-ranked Bakersfield neighborhood for overall livability, with improving occupancy trends and strong daily-needs amenities that support leasing momentum. According to CRE market data from WDSuite, the neighborhood’s ownership market is comparatively high-cost nationally, which typically sustains renter demand and cushions pricing power for well-managed assets.
Built in 1985, the asset is newer than much of the local housing stock, providing a competitive base with potential value-add through targeted renovations and systems modernization. Demographic trends within a 3-mile radius show ongoing population and household growth into 2028, implying a larger tenant base and support for occupancy stability over a multi-year hold.
- Top-tier Bakersfield neighborhood with strong amenity access that supports leasing and retention
- Upward neighborhood occupancy trend and deep renter base underpin income stability
- 1985 vintage offers competitive positioning versus older stock with clear value-add potential
- Within 3 miles, growing population and households expand the tenant pool through 2028
- Risk: Below-median safety metrics warrant underwriting for security and proactive management