| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Poor |
| Demographics | 11th | Poor |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 333 Beardsley Ave, Bakersfield, CA, 93308, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1982 |
| Units | 22 |
| Transaction Date | 2005-04-26 |
| Transaction Price | $1,255,000 |
| Buyer | VASNO DAS MOAS LLC |
| Seller | BBND PROPERTIES |
333 Beardsley Ave, Bakersfield CA Multifamily Investment
Renter demand is sustained by a high neighborhood renter-occupied share and mid-range occupancy, according to WDSuite’s CRE market data. Built in 1983, the property is newer than much of the local stock, positioning it competitively while leaving room for targeted upgrades.
Positioned in Bakersfield’s inner-suburban fabric, the asset benefits from neighborhood fundamentals that support workforce housing. The renter-occupied share ranks 24th among 247 Bakersfield neighborhoods, signaling a deep tenant base and leasing depth. Overall occupancy in the neighborhood trends near the metro median (48th national percentile), which typically supports steady renewal activity rather than rapid lease-up dynamics.
Local amenity access is mixed: grocery availability is competitive among Bakersfield neighborhoods (49th of 247) and restaurants are reasonably present (70th national percentile), while parks, pharmacies, cafés, and childcare options are comparatively limited. Average school ratings score in lower national percentiles; for multifamily investors, that often aligns the area with value-oriented demand rather than top-of-market positioning.
Vintage context matters: the average neighborhood construction year skews older (1959). With a 1983 build, this property is newer than much of the nearby stock, which can aid leasing versus older comparables, while still warranting capital planning for systems modernization and selective renovations to drive rent premiums.
Demographic statistics aggregated within a 3-mile radius show population and household growth over the last five years, with forecasts calling for further increases and slightly smaller average household sizes. For investors, a growing household base and smaller household sizes can translate into a larger tenant pool and sustained demand for rental units, supporting occupancy stability over the hold.
Home values in the neighborhood are on the lower side relative to national norms, which can introduce some competition from entry-level ownership. At the same time, rent levels remain comparatively modest and rent-to-income ratios indicate manageable affordability pressure, suggesting room for disciplined rent management and retention-focused operations.
Comparable, rank-based crime metrics specific to this neighborhood are not available in WDSuite’s dataset for the latest period. Investors typically benchmark neighborhood safety trends against Bakersfield metro and citywide trajectories, layering in property-level measures (lighting, access control, and on-site management presence) to support resident retention and stabilize tenancy.
333 Beardsley Ave is a 22-unit, 1983-vintage multifamily asset with average unit sizes near 815 square feet—suitable for workforce renters seeking practical layouts. The surrounding neighborhood exhibits a high renter concentration (24th of 247 metro neighborhoods), mid-range occupancy, and competitive grocery/restaurant access. According to CRE market data from WDSuite, the property’s relative vintage advantage versus older local stock can aid leasing, while selective renovations may unlock value-add upside.
Three-mile demographics point to recent population and household growth with forecasts for further expansion and smaller household sizes—factors that typically enlarge the tenant base and support occupancy stability. While ownership costs are comparatively accessible locally, disciplined rent management, operational execution, and targeted upgrades can mitigate competition from entry-level ownership and support durable cash flow.
- High renter concentration (24th of 247) supports depth of demand
- 1983 vintage is newer than much of the area, with value-add potential
- Mixed but sufficient amenity access (stronger in groceries/restaurants) aids daily livability
- 3-mile population and household growth bolster the tenant pipeline and support occupancy stability
- Risks: lower school ratings, limited park/café presence, and competition from entry-level ownership