| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 62nd | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1841 Golden State Ave, Bakersfield, CA, 93301, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1973 |
| Units | 40 |
| Transaction Date | 2003-01-13 |
| Transaction Price | $1,250,000 |
| Buyer | PC EQUITY 1 LLC |
| Seller | YANOFF JACK |
1841 Golden State Ave Bakersfield 40-Unit Multifamily
Neighborhood occupancy has trended higher in recent years, supporting stable rent rolls in this Inner Suburb location, according to WDSuite’s CRE market data; these metrics reflect the neighborhood, not the property. A balanced renter base and rising household counts point to steady tenant demand.
This property sits in one of Bakersfield’s stronger Inner Suburb pockets, ranking competitive among Bakersfield neighborhoods (4 of 247), which signals durable location fundamentals for multifamily. Amenity access is a clear strength, with cafes, restaurants, groceries, parks, and pharmacies performing in the top quartile nationally, helping with day-to-day convenience and leasing appeal.
Rents in the neighborhood track near national mid-range while showing multi‑year growth, and the area’s occupancy has improved over the last five years, indicating healthier absorption and fewer prolonged vacancies at the neighborhood level. The renter-occupied share suggests a moderate renter concentration, which supports a consistent tenant base for smaller and mid-size multifamily assets.
Home values trend higher relative to local incomes (top quartile nationally for value-to-income), which often reinforces reliance on rental options and can aid pricing power and retention for well-managed properties. At the same time, rent-to-income sits around the national midpoint, pointing to manageable affordability pressure that can support renewal rates with disciplined lease management.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising, while average household size trends slightly smaller. For a community with an average unit size around 598 sf, this demographic mix can broaden the renter pool (singles and couples) and support occupancy stability. The 1973 vintage is slightly newer than the immediate neighborhood’s average construction year, suggesting feasible value‑add and systems modernization planning without the full capex profile of older stock.
Notable considerations include below-average school ratings at the neighborhood level, which may temper family-oriented demand relative to other Bakersfield sub-areas. Even so, the strong amenity footprint and commuter-friendly positioning within the metro underpin leasing fundamentals for workforce and service-oriented renters.
Relative to the metro, this neighborhood’s safety profile is below average, with crime ranking in the lower-performing group among 247 Bakersfield neighborhoods and national safety percentiles also on the lower side. Nationally, the neighborhood does not place in the top half for safety, so investors should plan reasonable security measures and budget for insurance accordingly.
Property and violent offense indicators have shown recent increases at the neighborhood level, reinforcing the need for on-site controls (lighting, access management) and attentive operations. Framed appropriately, safety considerations can be managed operationally, but they remain a underwriting item versus higher-ranked Bakersfield areas.
1841 Golden State Ave offers a 40‑unit, 1973‑vintage multifamily position in an Inner Suburb location that ranks competitively within the Bakersfield metro. Neighborhood amenities measure in the higher national percentiles, which supports leasing velocity, and occupancy has improved over the past five years, pointing to steadier cash flow at the neighborhood level. Based on CRE market data from WDSuite, higher relative home values versus incomes sustain renter reliance, while rent-to-income sits near the national midpoint, aiding renewal prospects when paired with disciplined rent setting.
Three‑mile demographics show population and household growth with a trend toward smaller household sizes, aligning with the property’s smaller average unit size and expanding the prospective renter pool. The 1973 vintage presents pragmatic value‑add and systems updates to enhance competitiveness against older stock, while investors should underwrite for operational measures in a safety environment that trails stronger Bakersfield sub-areas.
- Competitive Inner Suburb location with strong amenity access supporting leasing and retention
- Neighborhood occupancy has improved over five years, aiding cash flow stability
- Higher ownership costs versus incomes reinforce multifamily demand; rent-to-income near national midpoint supports renewals
- 1973 vintage enables value‑add and systems modernization to lift NOI versus older comps
- Risk: safety ranks below metro average; plan for security, insurance, and active operations