| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 3rd | Poor |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2019 Quincy St, Bakersfield, CA, 93305, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1973 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2019 Quincy St Bakersfield Multifamily Investment
High renter concentration and steady neighborhood occupancy point to durable tenant demand, according to WDSuite’s CRE market data, with pricing power tied to value positioning rather than top-of-market rents.
Situated in Bakersfield’s Urban Core, the property benefits from a renter-driven housing landscape and a large service-based amenity base. Neighborhood occupancy has held in the low 90s and trended upward over five years, supporting leasing stability for well-managed assets, based on CRE market data from WDSuite.
Access to daily-needs retail is a relative strength: grocery and pharmacy density ranks among the highest in Bakersfield (5th and 20th out of 247 metro neighborhoods, respectively) and sits in the top quartile nationally. By contrast, park space and cafe density are limited within the neighborhood, which places more weight on in‑property amenities or nearby private recreational options for resident satisfaction.
The neighborhood skews toward renters, with a renter-occupied housing share that is among the highest in the metro (11th of 247). For multifamily investors, that depth of renter households supports a broader tenant pool and can aid retention when paired with competitive finishes and attentive management.
Within a 3-mile radius, demographics indicate modest population growth with a larger number of households and slightly smaller average household sizes over time. This points to a gradual renter pool expansion that can support occupancy stability, especially for units positioned at attainable rents relative to local incomes.
Home values in the neighborhood are lower than national norms, while median rents also track below national medians. For investors, this typically reinforces rental demand from households that prioritize more accessible monthly payments; however, it also implies price sensitivity, so rent strategies should emphasize value, service, and unit quality. Average school ratings in the immediate area are below regional norms, which may reduce appeal for some family renters but does not preclude stable demand in workforce segments.
Construction vintage across the neighborhood is older on average (1950), and this 1973 asset is newer than much of the nearby stock. That positioning can be competitive versus mid‑century buildings, though ongoing capital planning for systems and strategic unit upgrades can unlock additional rentability and support retention.
Safety trends here are below both metro and national norms, according to WDSuite’s CRE market data. The neighborhood’s crime rank sits in the lower tier within Bakersfield (189th of 247 metro neighborhoods), and national comparisons place the area below average for safety.
Recent data show a year-over-year uptick in both property and violent offense rates. For investors, prudent measures—lighting, access control, and partnership with local security resources—are common operating practices to support resident experience and leasing performance. Always evaluate block-level conditions and recent trendlines during due diligence.
A 1973, 40‑unit asset in Bakersfield’s Urban Core, 2019 Quincy St is positioned in a renter-heavy neighborhood with steady occupancy and strong daily-needs access. The property is newer than much of the surrounding mid‑century stock, creating value‑add potential through targeted renovations and system upgrades while remaining competitive on price. According to CRE market data from WDSuite, neighborhood occupancy has been stable in the low 90s, and the renter-occupied housing share is among the metro’s highest—conditions that support a deep tenant base for well-managed assets.
Forward demand is supported by modest population growth and an increase in households within a 3‑mile radius, alongside strong grocery and pharmacy access that underpins day‑to‑day livability. At the same time, below‑median incomes and elevated rent‑to‑income ratios imply pricing sensitivity, and safety trends run below metro averages—factors that call for disciplined operations, resident services, and thoughtful capital planning.
- Renter-heavy neighborhood and stable occupancy support tenant depth and leasing durability.
- 1973 vintage is newer than much of local stock, with value-add upside via unit and systems upgrades.
- Strong grocery/pharmacy access enhances livability and retention for workforce renters.
- Demand outlook aided by modest 3-mile population and household growth supporting occupancy stability.
- Risks: below-metro safety, price sensitivity tied to incomes—mitigate with security, value positioning, and service.