| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 2nd | Poor |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 231 Quantico Ave, Bakersfield, CA, 93307, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1992 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
231 Quantico Ave Bakersfield 24-Unit Multifamily Investment
High renter concentration in the surrounding neighborhood supports steady tenant demand, while neighborhood occupancy trends are measured at the neighborhood level and not the property; according to WDSuite’s CRE market data, this submarket remains competitively positioned within Bakersfield.
Located in an inner-suburb pocket of Bakersfield, the property benefits from a renter-leaning neighborhood profile. WDSuite reports that an estimated 67.5% of housing units are renter-occupied, which is among the highest shares locally (ranked 18 out of 247 metro neighborhoods). For multifamily owners, that depth of renter-occupied stock points to a larger tenant base and generally resilient leasing activity.
Neighborhood occupancy is moderate (ranked 175 of 247 in the metro), indicating room to outperform through asset-level execution. Median contract rents in the neighborhood sit near the national midpoint, while the 3-mile area shows sustained demand drivers: population rose modestly over the past five years and total households increased, expanding the local renter pool. These demographic statistics are aggregated within a 3-mile radius.
Access to daily needs is practical rather than lifestyle-driven. Grocery availability is a relative bright spot (ranked 62 of 247; high national percentile), and restaurants are present at competitive levels for Bakersfield (ranked 88 of 247). However, cafés, parks, and pharmacies are sparse in this immediate neighborhood, which may limit walkable lifestyle appeal compared with top-quartile areas.
The average neighborhood construction year skews older (1970), while this asset’s 1992 vintage positions it newer than much of the local stock. That typically supports competitive positioning versus older buildings, though systems and common areas from the early 1990s may benefit from targeted modernization to enhance retention and rentability.
Home values in the neighborhood are relatively elevated compared to local incomes (high value-to-income ratio; top national percentile), which tends to sustain reliance on multifamily rentals. For investors, this can reinforce tenant retention and leasing stability, balanced against the need to monitor rent-to-income levels to manage renewal risk.
Neighborhood safety indicators are mixed compared with Bakersfield and national benchmarks. Overall crime ranks 98 out of 247 metro neighborhoods, placing the area around the middle locally, and WDSuite’s national comparison shows the neighborhood near the national midpoint. Violent offense levels compare somewhat better than average nationally (upper-half percentile), while property offense trends have shown recent variability.
In practical terms, this translates to conditions that are competitive among Bakersfield neighborhoods but not top quartile nationally. Owners typically emphasize lighting, access control, and resident engagement to support retention and minimize operating disruption as trends evolve.
This 24‑unit, 1992‑built asset aligns with a renter-leaning pocket of Bakersfield, where a high share of housing units are renter-occupied and the 3‑mile area shows population and household growth. According to commercial real estate analysis from WDSuite, the neighborhood’s occupancy sits in a moderate range, suggesting potential to outperform via focused operations, while a high value-to-income ownership landscape helps sustain multifamily demand. The property’s newer-than-average vintage versus local stock supports competitive positioning, with selective renovations offering value-add upside.
Investor considerations include measured amenity depth (fewer cafés, parks, and pharmacies in the immediate area) and rent-to-income pressure that warrants proactive lease management. Even so, grocery and restaurant access is comparatively strong for the metro, and ongoing renter pool expansion within 3 miles supports leasing durability and retention.
- Renter-occupied share is among the highest locally, supporting a deep tenant base
- 1992 vintage is newer than much of the area’s stock; targeted upgrades can drive rentability
- 3-mile population and household growth point to ongoing renter pool expansion
- Grocery and restaurant access competitive for Bakersfield, aiding daily convenience
- Risks: moderate neighborhood occupancy, limited lifestyle amenities nearby, and affordability pressure requiring active lease management