| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 7th | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2601 Sunny Ln, Bakersfield, CA, 93305, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1979 |
| Units | 42 |
| Transaction Date | 2014-02-26 |
| Transaction Price | $2,500,000 |
| Buyer | SUNNYLANE VILLAGE HOUSING PARTNERS LP |
| Seller | THE HOUSING AUTHORITY OF THE COUNTY OF K |
2601 Sunny Ln Bakersfield Multifamily Investment
Neighborhood occupancy is strong and renter concentration is high, supporting durable leasing conditions according to WDSuite’s CRE market data. Pricing power should remain disciplined, with demand underpinned by local workforce housing needs.
The property sits in an Inner Suburb pocket of Bakersfield that scores competitive among 247 metro neighborhoods (overall B+ rating), with neighborhood occupancy around the low-to-mid‑90s and trending firm over the last five years. Investor takeaway: a deep renter base and stable occupancy conditions reduce volatility across cycles.
Amenities skew practical rather than boutique. Grocery, parks, pharmacies, and restaurants index in the top quartile nationally, while cafes and childcare options are thinner. This mix supports day‑to‑day convenience for residents and can aid lease retention even if lifestyle amenities are more modest.
Vintage matters: the asset was built in 1979, while the neighborhood’s average construction year trends older (mid‑1960s). Being newer than much of the nearby stock can help competitiveness versus legacy properties, though investors should plan for selective modernization of aging systems to sustain rentability.
Within a 3‑mile radius, demographics indicate a sizable population with household counts holding steady recently and projected to rise, alongside smaller average household sizes. This points to a larger tenant base and more renters entering the market, supporting occupancy stability and lease‑up visibility. Median home values sit at elevated levels relative to local incomes (high national percentile for value‑to‑income), which reinforces reliance on multifamily housing and supports retention. Neighborhood median rents remain accessible versus incomes (rent‑to‑income near the low‑20% range), a positive for renewal rates and collections, based on commercial real estate analysis from WDSuite.
Safety indicators for the neighborhood track below both metro and national benchmarks, with ranks placing it in a weaker cohort among 247 Bakersfield neighborhoods and national percentiles in the lower ranges. Investors often respond with practical measures such as lighting, access control, and community management to support resident experience and mitigate risk.
Property and violent offense metrics signal elevated incidence versus national norms, though trends can vary over time. Underwriting should reflect prudent security planning and partnership with experienced operators who can implement site‑level protocols without over‑capitalizing.
2601 Sunny Ln is a 42‑unit 1979 vintage asset positioned in a renter‑heavy Bakersfield neighborhood with stable occupancy and practical amenity access. According to CRE market data from WDSuite, neighborhood occupancy sits in a strong national percentile and renter‑occupied share is high, pointing to steady tenant demand and predictable leasing. With home values elevated relative to local incomes, the area leans on multifamily, which can support retention and moderate pricing power.
The asset’s vintage is newer than much of the surrounding stock, offering a competitive position versus older properties while leaving room for targeted value‑add and system updates. Demographic patterns within a 3‑mile radius show steady household counts and projections for additional households alongside smaller sizes—favorable for renter pool expansion and occupancy stability over the hold period.
- Strong neighborhood occupancy and high renter concentration support leasing stability
- 1979 construction is newer than nearby stock, with selective modernization upside
- Elevated ownership costs relative to income reinforce reliance on rentals and retention
- Practical amenity access (grocery, parks, pharmacies, restaurants) aids day‑to‑day livability
- Risk: Safety metrics lag metro and national norms—plan for security and active management