| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 27th | Fair |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2401 Christmas Tree Ln, Bakersfield, CA, 93306, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1978 |
| Units | 113 |
| Transaction Date | 1999-07-22 |
| Transaction Price | $2,425,000 |
| Buyer | LIEVSAY DONALD G |
| Seller | THOMPSON ROBERT L |
2401 Christmas Tree Ln, Bakersfield Multifamily Investment
Positioned in an inner-suburb pocket of Bakersfield, the asset serves workforce renters with steady demand drivers and a large local renter base, according to WDSuite’s CRE market data.
This inner-suburb neighborhood rates B- and sits roughly at the metro midpoint (rank 120 of 247 Bakersfield neighborhoods). Daily-needs access is a local strength: grocery options are competitive among Bakersfield neighborhoods (rank 30 of 247) and restaurants are above the metro median (rank 59 of 247), while cafes, parks, and pharmacies are limited in immediate proximity. For investors, that mix supports convenience-driven retention even if lifestyle amenities are thinner.
Rents in the neighborhood benchmark near the national middle, and the neighborhood’s value-to-income profile is higher than many areas nationally, which tends to sustain renter reliance on multifamily housing and supports pricing power over time. Neighborhood occupancy is measured for the neighborhood, not the property; it trails stronger submarkets locally and has softened versus five years ago, suggesting a competitive leasing environment that rewards quality operations and asset differentiation.
Within a 3-mile radius, demographics show a sizable and diversified renter pool. Population has edged down modestly in recent years, but WDSuite data indicate households are expected to increase alongside smaller average household sizes, which can expand the addressable tenant base and support occupancy stability. Median incomes have risen, and projected rent levels remain aligned with local earnings, indicating manageable affordability pressure for well-positioned assets.
Vintage matters: the property was built in 1978, newer than the neighborhood’s average vintage. That positioning can be competitive versus older stock, though investors should plan for system modernization and targeted renovations to meet current renter expectations. Overall, the area’s everyday amenities, workforce profile, and broad renter concentration point to durable demand fundamentals, supported by balanced commercial real estate analysis from WDSuite.
Safety trends are mixed relative to the region and nation. The neighborhood ranks below the Bakersfield metro median (185 of 247) and sits in a lower national safety percentile, indicating it is less safe than many U.S. neighborhoods. Recent WDSuite indicators show property and violent incident rates increased year over year, so prudent underwriting should account for security measures and tenant screening to support retention.
Investors typically mitigate these dynamics through lighting, access control, and community management. Framing performance against comparable inner-suburb submarkets—rather than isolated blocks—offers a more reliable view for risk assessment and expense planning.
The 113-unit asset at 2401 Christmas Tree Ln offers scale in a workforce corridor with everyday amenities and a broad renter base. Built in 1978, it is newer than much of the surrounding stock, creating potential competitive positioning versus older properties while still warranting targeted capex for system updates and interior refreshes. According to CRE market data from WDSuite, neighborhood occupancy has cooled versus five years ago, so execution will hinge on operational quality, unit finishes, and value-oriented renter appeal.
Within a 3-mile radius, incomes have grown and households are projected to increase as average household sizes trend lower—dynamics that can expand the renter pool and support leasing. Elevated ownership costs relative to income in the area reinforce multifamily demand, while median rents remain broadly aligned with local earnings, pointing to manageable affordability pressure for well-run assets.
- 113 units provide operating scale in a workforce location with everyday amenities
- 1978 vintage is newer than local averages, with value-add potential via targeted renovations
- 3-mile household growth and smaller household sizes support a larger tenant base
- Ownership costs relative to income support sustained renter demand and pricing discipline
- Risk: neighborhood safety ranks below metro average and occupancy is softer, requiring strong management and security planning