| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 62nd | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1951 Golden State Ave, Bakersfield, CA, 93301, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1975 |
| Units | 24 |
| Transaction Date | 2017-07-12 |
| Transaction Price | $1,750,000 |
| Buyer | ATA PROPERTIES LLC |
| Seller | JFM INVESTMENT PROPERTIES LLC |
1951 Golden State Ave, Bakersfield CA Multifamily Investment
Stabilizing renter demand in an inner-suburb location with strong neighborhood amenities supports lease-up and retention, according to WDSuite’s CRE market data.
This A+–rated inner-suburb neighborhood ranks 4th of 247 across Bakersfield, indicating competitive fundamentals within the metro. Amenity access is a relative strength: neighborhood amenities are top quartile nationally, with dining, cafes, parks, and pharmacies providing daily convenience that can support renter satisfaction and retention.
Occupancy in the neighborhood sits near the national median and has improved over the last five years, a constructive sign for income stability. The share of housing units that are renter-occupied is above national norms, pointing to a deeper tenant base for multifamily product rather than a primarily ownership-driven area.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue rising, expanding the prospective renter pool. Household sizes are trending modestly smaller over time, which can translate into steady demand for professionally managed units and support for occupancy.
Home values in the neighborhood sit in the upper quartiles nationally while rent-to-income ratios remain around national medians, a combination that tends to reinforce renter reliance on multifamily housing without acute affordability pressure. Average school ratings trail national averages, which may matter for family-oriented leasing strategies, but proximity to daily amenities can offset some of that for workforce renters.
Safety indicators for the neighborhood are below both metro and national norms. Based on WDSuite data, the area ranks in the lower tier among 247 Bakersfield neighborhoods and falls below the national median percentile, signaling a comparatively higher incidence of reported crime versus many peer areas.
Recent year-over-year trends show a reported uptick in property and violent offenses. Investors typically address this with strengthened lighting, access control, and partnership with local patrols, aiming to support resident comfort and leasing performance over time.
Built in 1975, this 24-unit asset offers value-add and systems modernization potential while benefiting from an A+–rated neighborhood with top-quartile amenity access. Population and household growth within a 3-mile radius point to a larger tenant base ahead, while neighborhood occupancy has improved over five years, supporting income durability and leasing stability.
Elevated home values relative to national benchmarks, combined with rent-to-income levels near national medians, suggest steady multifamily demand without extreme affordability pressure. According to CRE market data from WDSuite, renter concentration is above national norms, reinforcing depth of demand; key watch items include below-average school ratings and safety metrics that warrant thoughtful property operations and resident engagement.
- A+ neighborhood ranking with top-quartile amenity access supports renter appeal and retention
- 1975 vintage presents value-add and modernization opportunities to enhance competitive positioning
- Expanding 3-mile population and household base underpins future leasing demand
- Elevated ownership costs locally tend to sustain multifamily demand and pricing power
- Risks: safety metrics below metro and national norms and lower school ratings require proactive operations