| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 12th | Poor |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 331 Pacheco Rd, Bakersfield, CA, 93307, US |
| Region / Metro | Bakersfield |
| Year of Construction | 2007 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
331 Pacheco Rd, Bakersfield Multifamily Investment (2007 | 32 Units)
Neighborhood occupancy is roughly 97%—supportive for cash flow resilience—according to WDSuite’s CRE market data, with renter demand reinforced by a balanced mix of renter- and owner-occupied housing in the immediate area.
Located in an Inner Suburb pocket of Bakersfield (neighborhood rating: C), the area shows solid occupancy conditions and a renter-occupied share near the metro’s upper tier. The neighborhood’s occupancy ranks above many local peers (82nd percentile nationally), suggesting leasing stability that can benefit 32-unit assets like this one.
Everyday retail access is a relative strength: grocery availability is competitive among Bakersfield neighborhoods (ranked favorably against 247 total neighborhoods, with a high national percentile), even as cafes, restaurants, parks, and pharmacies are sparse. For investors, this combination typically supports day-to-day livability while signaling limited amenity-driven rent premiums.
Within a 3-mile radius, demographics indicate a large family-oriented base (average household size near 3.7) and a broad income mix. Over the next five years, forecasts point to population growth and a notable increase in households, implying a larger tenant base and potential support for occupancy and leasing velocity. Median contract rents in the neighborhood sit near the middle of national comparisons, and the rent-to-income ratio trends on the lower side, which can aid lease retention.
Ownership costs in the neighborhood context are relatively high versus incomes (value-to-income ratio ranks stronger than much of the nation), which can reinforce reliance on multifamily rentals. Average school ratings trail national norms, which may moderate appeal for some family renters, but workforce households often prioritize proximity to jobs and everyday retail over destination amenities.
Safety indicators in this neighborhood trail both metro and national benchmarks. Compared with 247 Bakersfield neighborhoods, the area ranks in the lower half, and nationally it performs below average (around the 27th percentile). Investors should underwrite with prudent security and common-area visibility measures in mind, especially for ground-floor access and parking.
Property-related incidents show a recent-year increase, while violent-offense metrics track closer to mid-range nationally. Trend-aware asset management—lighting, cameras, and tenant engagement—can help support resident confidence and retention without assuming block-level outcomes.
This 2007-vintage, 32-unit asset is newer than the neighborhood’s typical 1980s stock, offering competitive positioning versus older properties while leaving room for targeted modernization to drive rents and operational efficiency. Neighborhood occupancy is strong and renter concentration is elevated, supporting demand depth and lease-up stability.
According to commercial real estate analysis from WDSuite, local rents benchmark near mid-national levels and rent-to-income ratios skew favorable, which can aid retention and reduce turnover risk. Looking ahead, 3-mile forecasts call for population growth and an increase in households, pointing to renter pool expansion that can sustain occupancy while measured upgrades capture incremental rent.
- Newer 2007 construction relative to local vintage, with selective value-add potential
- Strong neighborhood occupancy supports cash flow stability
- Favorable rent-to-income dynamics enhance lease retention prospects
- 3-mile demand outlook shows population and household growth, supporting leasing velocity
- Risks: below-average safety and limited amenity depth; underwrite for security and prudent rent growth