| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 52nd | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3721 Ashe Rd, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1984 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3721 Ashe Rd Bakersfield Multifamily Investment
Neighborhood fundamentals point to stable renter demand and steady occupancy, according to WDSuite’s CRE market data, with local amenities supporting day-to-day convenience. Investors can underwrite with balanced tenure dynamics and a broad tenant base.
This Inner Suburb location carries an A neighborhood rating and ranks in the top decile among 247 Bakersfield metro neighborhoods, based on CRE market data from WDSuite. That standing reflects a mix of convenience and livability factors that tend to support leasing stability for multifamily assets.
Amenity access skews toward daily needs: neighborhood grocery availability tests well above national norms, parks are strong for recreation, and restaurants are comparatively dense. By contrast, specialty cafes and pharmacies are thinner locally. For investors, this mix suggests everyday convenience for residents without the premium pricing that often comes with highly amenitized urban cores.
Neighborhood multifamily occupancy is around 93.4%, placing it modestly above national averages and consistent with stable leasing conditions. The share of housing units that are renter-occupied sits near 50%, indicating a deep, diversified renter pool rather than a niche tenancy. These dynamics typically support renewal rates and reduce lease-up risk in comparable properties.
Within a 3-mile radius, demographics indicate population growth and an increase in households over the last five years, with further growth expected through the next planning period. That translates to a larger tenant base and continued demand for rental units. Median home values in the neighborhood are elevated relative to many parts of the country, and rent-to-income levels are manageable locally, a combination that can sustain renter reliance on multifamily housing and support pricing power without overextending residents.
Safety trends are mixed. The neighborhood ranks 177 out of 247 Bakersfield metro neighborhoods, which is below the metro median, and it sits around the 30th percentile nationally for safety. According to WDSuite’s data, recent year-over-year changes show increases in both violent and property offenses, so operators may consider enhanced security, lighting, and screening practices as part of asset management.
3721 Ashe Rd offers scale for Bakersfield at 112 units and benefits from an A-rated, top-decile neighborhood profile. Occupancy at the neighborhood level is solid, renter concentration is balanced, and nearby daily-needs amenities help underpin retention. According to CRE market data from WDSuite, these fundamentals align with above-average leasing stability relative to many inner-suburban peer locations.
Demand tailwinds include population and household growth within a 3-mile radius, plus ownership costs that keep many households engaged with the rental market while rent-to-income levels remain manageable. Key watch items include area safety trends and selective amenity gaps (e.g., limited pharmacies and specialty cafes), which may require proactive operations and targeted property improvements.
- Neighborhood ranks in the top decile among 247 Bakersfield metro areas, supporting leasing stability
- Solid neighborhood occupancy and a balanced renter-occupied share deepen the tenant base
- 3-mile radius growth in population and households expands demand for rental units
- Ownership costs relative to incomes reinforce renter reliance while preserving pricing flexibility
- Risks: below-median metro safety ranking and thinner specialty amenities may require active management