| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 30th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2250 R St, Bakersfield, CA, 93301, US |
| Region / Metro | Bakersfield |
| Year of Construction | 2001 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2250 R St, Bakersfield CA Multifamily Opportunity
According to WDSuite’s CRE market data, the surrounding neighborhood shows high occupied housing and a deep renter base, supporting stable tenant demand at this address. Investors should view this as an in-fill Bakersfield location with durable renter concentration rather than a lease-up story.
This Inner Suburb location benefits from strong neighborhood occupancy and renter depth. The neighborhood s occupied housing rate is in the 92nd percentile nationally and ranks 42nd among 247 Bakersfield neighborhoods, signaling above-metro stability, while renter-occupied housing is among the highest locally. For multifamily owners, that depth supports consistent lease renewal potential and reduces exposure to extended vacancy between turns.
Built in 2001, the property is materially newer than the neighborhood s average 1960 vintage. That positioning can be competitively advantageous versus older stock on unit finishes, systems, and curb appeal, though investors should still budget for selective modernization and mid-life building systems planning to sustain rentability.
Local amenities help with renter retention. Restaurant density ranks 1st of 247 neighborhoods in the metro (99th percentile nationally), with parks, groceries, and pharmacies all testing well above national norms. School quality in the neighborhood runs below average relative to national benchmarks, which may matter for family-oriented leasing, but proximity to daily needs can offset churn among workforce renters.
Within a 3-mile radius, population has grown modestly over the last five years and households increased 7.0%, expanding the local renter pool. Forward-looking estimates indicate additional household growth by 2028 alongside smaller average household sizes, a combination that typically supports absorption of multifamily units and occupancy stability. Median home values are elevated relative to local incomes (high value-to-income ratio, top 2% nationally), which tends to sustain reliance on rental housing; however, a rent-to-income ratio near one-third suggests some affordability pressure, implying prudent lease management and amenity-driven retention strategies.
Safety indicators for the neighborhood track below metro and national averages. The area ranks 221st out of 247 Bakersfield neighborhoods for crime, placing it in a lower national safety percentile. Recent year-over-year trends show increases in both violent and property offenses. Investors typically mitigate such risk through security measures, lighting and visibility improvements, and attentive property management to support resident confidence.
The investment case centers on occupancy durability and a large renter base in an infill Bakersfield setting. Based on CRE market data from WDSuite, neighborhood occupancy sits well above metro norms and the share of renter-occupied housing units is among the highest locally, supporting renewal rates and limiting downtime. The 2001 vintage gives this asset a competitive edge versus older neighborhood stock while still allowing a targeted value-add or systems-refresh program to drive positioning.
Within a 3-mile radius, recent population growth and a 7.0% increase in households expand the prospective tenant base, with forecasts pointing to materially higher household counts by 2028 and smaller household sizes that typically favor multifamily. Elevated ownership costs relative to incomes reinforce renter reliance, though a rent-to-income ratio near one-third suggests careful pricing, renewals, and expense control remain important. Key risks include below-average school ratings and weaker safety metrics versus metro peers; both can be managed through on-site improvements and disciplined operations.
- High neighborhood occupancy and deep renter concentration support leasing stability
- 2001 vintage versus older local stock enables competitive positioning with selective upgrades
- 3-mile radius shows household growth and projected renter pool expansion through 2028
- Elevated ownership costs bolster multifamily demand; manage pricing given rent-to-income near one-third
- Risks: below-average school ratings and safety metrics versus metro peers require active management