| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 7th | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2510 Haley St, Bakersfield, CA, 93305, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1972 |
| Units | 32 |
| Transaction Date | 2025-08-21 |
| Transaction Price | $5,100,000 |
| Buyer | GOLDEN OPPORTUNITY NO 28 LP |
| Seller | RBB2 LLC |
2510 Haley St Bakersfield Multifamily Investment
Neighborhood occupancy is strong at 96.8%, supporting income stability for a 32-unit asset, according to WDSuite’s CRE market data.
Situated in an Inner Suburb of Bakersfield, the property benefits from a renter-occupied housing share around 60% at the neighborhood level, indicating a sizable tenant base for multifamily leasing. Neighborhood occupancy is 96.8% and ranks 68 out of 247 Bakersfield neighborhoods, which is above the metro median and points to steady absorption and retention potential.
Everyday amenities are a relative strength: grocery, restaurants, parks, and pharmacies score in high national percentiles (notably pharmacies near the 97th percentile and restaurants in the low 90s), which can support resident convenience and stickiness. By contrast, cafés and childcare options are sparse in this immediate area, suggesting residents rely on nearby submarkets for those services. Average school ratings in the neighborhood test weak versus national benchmarks; investors typically address this with value positioning and resident programming rather than school-driven demand.
At the neighborhood level, median contract rents sit below U.S. midpoints while the rent-to-income ratio is around 0.22, which suggests moderate affordability pressure and room for disciplined rent management. Home values track near national medians, but the value-to-income ratio is in a higher national percentile, indicating a relatively high-cost ownership market locally that can reinforce reliance on rental housing and support pricing power for well-managed properties.
Demographic statistics are aggregated within a 3-mile radius: population has been roughly flat in recent years with a slight dip, while households have inched higher and are projected to grow meaningfully alongside a decline in average household size through the forecast period. This combination typically expands the renter pool and supports occupancy stability. The asset’s 1972 vintage is newer than the neighborhood’s average construction year (1965), giving it relative competitiveness versus older stock; nonetheless, investors should plan for ongoing system upgrades and selective renovations to maintain positioning.
Relative to both the Bakersfield metro and national benchmarks, this neighborhood’s safety profile trends weaker. Its overall crime rank places it in the lower tiers among 247 Bakersfield neighborhoods, and national percentiles are around the 20th percentile, indicating below-average safety compared with neighborhoods nationwide.
Recent data also show year-over-year increases in both property and violent offenses at the neighborhood level. Investors commonly address this through professional security, lighting and camera upgrades, and active community engagement to support tenant retention and operational stability.
This 32-unit, 1972-vintage property aligns with a renter-heavy neighborhood where occupancy is above the metro median and amenities for daily needs are strong. According to CRE market data from WDSuite, local occupancy at 96.8% and a renter-occupied share near 60% signal durable demand, while a relatively high value-to-income ratio in the area supports sustained reliance on rental housing. The vintage is newer than the neighborhood average, offering a competitive edge versus older stock with potential value-add via targeted system and interior upgrades.
Within a 3-mile radius, households are projected to grow as average household sizes trend smaller, which typically expands the renter pool and supports occupancy stability. Neighborhood rents sit below national medians, creating room for revenue optimization through renovations and operational improvements, balanced against measured affordability pressures and a weaker safety profile that may require enhanced property management and security planning.
- Above-metro-median neighborhood occupancy supports income stability and retention
- Renter concentration near 60% indicates depth of tenant demand for multifamily
- 1972 vintage offers competitive positioning versus older local stock with value-add upside
- Daily-needs amenities (grocery, pharmacies, parks) rank strong nationally, aiding resident stickiness
- Risks: below-average safety and measured affordability pressure call for enhanced security and disciplined rent management