| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 42nd | Good |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2408 Gosford Rd, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1983 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2408 Gosford Rd Bakersfield Multifamily in High-Occupancy Area
Neighborhood occupancy ranks at the top of the Bakersfield metro, supporting consistent leasing prospects for this 24-unit asset, according to WDSuite’s CRE market data. A moderate renter-occupied share suggests a stable, diversified tenant base rather than dependence on transient demand.
Located in an Inner Suburb of Bakersfield, the neighborhood posts a B+ rating and has maintained top-of-metro occupancy, a signal of steady renter demand and limited near-term vacancy risk. Median rents in the area sit above national midpoints while rent-to-income remains manageable, pointing to pricing power with attention to retention. Elevated home values relative to national benchmarks indicate a high-cost ownership market that tends to sustain reliance on multifamily housing.
Amenity access is mixed. Restaurant density is competitive among Bakersfield neighborhoods, while on-neighborhood counts of grocery, park, pharmacy, and cafés are limited, implying residents may rely on nearby corridors for daily needs. For investors, this supports a value proposition around convenience and on-site services but may temper premiums tied purely to walkable retail.
Schools in the area trend below national averages (based on average ratings), which can influence unit mix positioning and marketing toward value-seeking households. Renter concentration is around three in ten housing units, suggesting a stable—though not overly concentrated—renter base that can aid occupancy while moderating turnover volatility.
Within a 3-mile radius, population and households have grown and are projected to continue expanding, indicating a larger tenant base over time. Household incomes have risen meaningfully, and forecasts point to further gains alongside rent growth, which supports long-run absorption and lease-up resiliency for well-managed properties.
Safety indicators compare below national medians overall, with the neighborhood falling around the 30th percentile nationally. Recent year trends show an uptick in reported offenses, suggesting investors should plan for prudent security measures and property management practices to support tenant comfort and retention.
Relative to Bakersfield, conditions appear weaker than many metro neighborhoods; however, safety performance varies by block and over time. A practical underwriting approach is to budget for lighting, access control, and community standards that can mitigate risk and support lease stability without relying on improvement assumptions.
This 24-unit property benefits from a high-occupancy neighborhood backdrop and demand reinforced by a growing 3-mile population and household base. Elevated ownership costs locally sustain multifamily relevance, while rent levels above national midpoints and a moderate rent-to-income profile support measured pricing power and lease retention. According to CRE market data from WDSuite, neighborhood occupancy remains among the strongest in the metro, which is a positive signal for maintaining stabilized operations.
Amenity access is mixed and school ratings are below national norms, so performance hinges on solid property management, security posture, and a value-forward offering. With larger average unit sizes, the asset can position toward households seeking space, leveraging steady regional employment and continued renter pool expansion to support long-term NOI durability.
- Top-of-metro neighborhood occupancy supports stable leasing and low downtime
- Growing 3-mile population and households expand the tenant base over time
- Elevated ownership costs reinforce renter reliance on multifamily housing
- Larger average unit sizes align with family and space-driven demand
- Risks: below-national safety and school ratings; amenity gaps require strong management and security planning