| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 3rd | Poor |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2006 Kentucky St, Bakersfield, CA, 93305, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1985 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2006 Kentucky St Bakersfield Multifamily Investment
Renter-occupied housing is prevalent in this urban-core neighborhood, supporting a durable tenant base and generally steady occupancy, according to WDSuite’s CRE market data. The asset’s 1985 vintage is newer than much of the local stock, positioning it competitively with room for targeted upgrades.
This Urban Core neighborhood in Bakersfield scores a C+ overall and sits above the metro median (ranked 158 of 247) for general livability. Occupancy in the neighborhood has hovered near the national midpoint with recent improvement, and a high share of housing units are renter-occupied, signaling depth in the tenant pool that can support leasing stability for multifamily assets based on WDSuite’s CRE market data.
Daily-needs access is a relative strength: grocery availability ranks competitive among Bakersfield neighborhoods (5 of 247; top percentile nationally for density), and pharmacies are also well represented (20 of 247). Dining options are moderately available (55 of 247), while parks and cafes are limited locally, which may concentrate demand around on-site amenities. School ratings trend on the lower end versus metro norms, which often aligns with workforce renter demand rather than family-driven premium school preferences.
Relative pricing supports rental housing demand. Neighborhood home values are lower than many California markets, and rent levels sit below national medians, which can aid lease retention but may temper near-term rent growth potential. The rent-to-income profile indicates some affordability pressure is present; active lease management and measured renewal strategies remain important for maintaining occupancy and collections.
Within a 3-mile radius, demographics indicate gradual population growth over the last five years with households expanding and average household size edging lower. This points to a larger, more diversified renter base over time and supports consistent absorption of well-managed multifamily units. Forward-looking projections continue to show incremental household gains, which should reinforce tenant demand for workforce-oriented product.
Safety ranks below the metro median for Bakersfield (crime rank 189 of 247 neighborhoods) and sits below the national median by percentile, indicating higher crime exposure than many neighborhoods nationwide. Recent year-over-year trends show upticks in both property and violent offenses locally, so investors should underwrite appropriate security measures, lighting, and resident screening to support retention and operations.
For context, these figures reflect neighborhood-level conditions rather than this specific property and can improve with management practices and ongoing community initiatives. Comparable urban-core areas often maintain stable occupancy when on-site protocols, visibility, and partnerships with local resources are in place.
Built in 1985, this 52-unit property is newer than much of the surrounding housing stock, which is predominantly mid-century. That positioning can be advantageous versus older assets while still allowing value-add potential through systems updates and interior modernization. Neighborhood occupancy trends have been steady near national midpoints, and the high concentration of renter-occupied units supports a deep tenant base. According to CRE market data from WDSuite, local pricing remains relatively accessible, which helps sustain leasing but calls for disciplined rent-setting and renewal strategies.
Within a 3-mile radius, modest population growth and a larger household count point to gradual renter pool expansion, supporting absorption for well-managed workforce housing. Abundant daily-needs retail (notably groceries and pharmacies) enhances livability, while limited parks and cafe density suggest on-site amenity investments can differentiate the asset. Key risks include below-median neighborhood safety metrics and softer school ratings, both of which should be addressed through operations, security planning, and targeted marketing to the most relevant renter segments.
- 1985 vintage offers competitive positioning vs. older stock, with clear value-add upgrade paths
- High neighborhood renter concentration supports demand depth and occupancy stability
- Daily-needs retail density (groceries, pharmacies) enhances renter convenience and retention
- Gradual 3-mile population and household growth supports ongoing renter pool expansion
- Risks: below-median safety and lower school ratings require security planning and targeted leasing