| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 17th | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3535 S H St, Bakersfield, CA, 93304, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1976 |
| Units | 116 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3535 S H St, Bakersfield Multifamily Investment
Neighborhood occupancy trends sit above national medians and a sizable share of renter-occupied housing supports demand depth, according to WDSuite’s CRE market data. Expect steady leasing fundamentals with pricing set by local income growth and amenity access.
This Inner Suburb location is competitive among Bakersfield neighborhoods (80th of 247 by overall rank), with occupancy levels above the national median and rents that have trended upward over five years, based on commercial real estate analysis from WDSuite. Restaurant and grocery density score in the higher national percentiles, signaling daily-needs convenience; parks and formal childcare options are limited in the immediate area, which may influence unit mix and amenity programming.
The property’s 1976 vintage is older than the neighborhood average year built (1980). Investors should plan for targeted capital improvements and consider value-add renovations to enhance unit quality and operating efficiency while competing effectively with newer stock.
Tenure data indicates a meaningful renter concentration (share of housing units that are renter-occupied), which broadens the tenant base and can support occupancy stability. Neighborhood home values sit in higher national percentiles relative to local incomes, suggesting a high-cost ownership market that reinforces reliance on multifamily rentals and can aid lease retention.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising through the next five years, with forecasts also pointing to slightly smaller average household sizes. For investors, that implies a larger renter pool and potential demand for a mix of unit types that support retention and steady absorption.
Safety indicators for the neighborhood trend below national medians (around the 20th percentile nationally), and conditions are weaker than the metro average among the 247 Bakersfield neighborhoods. Recent year-over-year readings indicate an uptick in both property and violent offenses. Investors typically address this with lighting, access control, and partnership with professional security vendors, aligning operating plans with tenant expectations.
3535 S H St offers scale at 116 units in an Inner Suburb pocket where neighborhood occupancy is above the national median and renter-occupied housing is prevalent, supporting depth of demand. Strong restaurant and grocery access adds livability, while limited parks and childcare suggest on-site amenities could differentiate. According to CRE market data from WDSuite, neighborhood rents have advanced over five years, and ownership costs relative to incomes remain elevated enough to sustain multifamily reliance and bolster lease retention.
Built in 1976, the asset presents a clear value-add path through systems upgrades and interior renovations to sharpen competitive positioning versus newer stock. Within a 3-mile radius, population and households are growing and are projected to expand further, implying a larger tenant base and supporting occupancy stability over the hold period. Key risks include below-average safety metrics and capex planning consistent with the property’s vintage.
- Occupancy above national medians with strong renter-occupied share supports demand stability
- 1976 vintage enables value-add upgrades to enhance competitiveness and NOI
- Livable setting with strong restaurant and grocery access aids tenant retention
- 3-mile population and household growth point to a larger renter pool and steady absorption
- Risks: below-average safety metrics and capex needs associated with an older asset