| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 4th | Poor |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1885 Madison St, Bakersfield, CA, 93307, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1997 |
| Units | 56 |
| Transaction Date | 2022-06-08 |
| Transaction Price | $479,500 |
| Buyer | SELF HELP COMMUNITIES 1 LLC |
| Seller | MERCY/CHARITIES HOUSING CALIFORNIA |
1885 Madison St Bakersfield Multifamily Investment Opportunity
High renter concentration in the surrounding neighborhood supports durable tenant demand, according to WDSuite’s CRE market data, with local occupancy tracking near the national midpoint.
Located in an Inner Suburb of Bakersfield, the area offers everyday conveniences with grocery access competitive among metro neighborhoods and a solid mix of nearby restaurants. Parks, pharmacies, cafes, and childcare options are limited in the immediate vicinity, so residents often rely on a broader trade area for recreation and services.
Neighborhood renter concentration is high, with a large share of units renter-occupied (top decile nationally). For investors, that depth of renter households translates into a broad tenant base and potential leasing stability, while also indicating that multifamily competes as a primary housing option in this part of the metro.
Neighborhood occupancy sits around the national midpoint, suggesting steady—though not tight—conditions. Rents in this neighborhood trend below national medians, which can aid lease-up and retention for workforce-oriented product, while the value-to-income ratio indicates a relatively high-cost ownership market for local incomes—factors that can sustain reliance on rental housing.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising, expanding the renter pool. Average household sizes are larger than the national norm, reinforcing demand for two- and three-bedroom layouts and supporting occupancy stability for well-managed properties.
School ratings in the neighborhood track at the low end compared with metro and national benchmarks. While this can influence family-driven location decisions, multifamily demand in this area is primarily supported by workforce renters and proximity to daily needs rather than top-rated schools.
Safety metrics for the neighborhood sit below national medians, based on CRE market data from WDSuite. Both violent and property offense measures trend in the lower national quartiles, and recent year-over-year readings show some volatility. Investors typically underwrite with enhanced on-site management, lighting, and access controls in similar submarkets and may emphasize resident screening and community programming to support retention.
Relative to other Bakersfield neighborhoods, the area is below the metro median on safety. Framing risk in comparative terms helps calibrate capex and operating plans rather than disqualifying the location outright.
Built in 1997, this 56-unit asset is newer than much of the local housing stock, positioning it competitively versus older 1960s-era properties while leaving room for selective modernization to drive rent and retention. High neighborhood renter concentration and occupancy around the national midpoint point to a broad tenant base and steady leasing conditions. According to CRE market data from WDSuite, ownership costs relative to incomes are elevated in this area, which tends to reinforce rental demand for well-priced multifamily.
Within a 3-mile radius, population and households have increased and are projected to grow further, expanding the renter pool and supporting long-term demand. Rents remain comparatively accessible locally, aiding lease-up, though investors should underwrite for affordability pressure and targeted property improvements to differentiate versus competing workforce product.
- 1997 vintage offers competitive positioning versus older neighborhood stock with value-add potential
- High renter-occupied share supports a broad tenant base and potential leasing durability
- Population and household growth within 3 miles expand long-term demand for rentals
- Local rents below national medians can aid lease-up and retention for workforce units
- Risks: below-median safety metrics and affordability pressure require prudent operations and targeted capex