| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 16th | Poor |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 380 Pacheco Rd, Bakersfield, CA, 93307, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1999 |
| Units | 112 |
| Transaction Date | 2015-12-09 |
| Transaction Price | $4,700,000 |
| Buyer | SYCAMORE BAKERSFIELD AR LP |
| Seller | BAKERSFIELD HOUSING INVESTORS II LP |
380 Pacheco Rd Bakersfield 112-Unit Multifamily
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, positioning this 1999-vintage asset for stable leasing in Bakersfield’s inner suburb.
Located in an Inner Suburb of Bakersfield, the neighborhood posts a high occupancy level, ranking 78 out of 247 metro neighborhoods and landing in the 77th percentile nationally. This places it competitive among Bakersfield neighborhoods and in the top quartile nationally for occupancy, a constructive signal for lease-up and retention.
Renter-occupied housing represents a substantial share of local units (58.5%), ranking 41 out of 247. This above-metro-median renter concentration points to a sizable tenant base for multifamily operators and supports demand depth across unit types.
Everyday needs are well-covered: grocery access is a standout strength (97th percentile nationally) and pharmacies are also convenient (83rd percentile). Dining density is solid (80th percentile for restaurants). However, the area shows limited cafes and park space, so on-site amenities may play a larger role in resident satisfaction and lease retention.
Neighborhood schools score below national medians, which can modestly influence family renter preferences. Rent levels trend toward the national middle, while the local rent-to-income ratio implies manageable affordability pressure relative to many California markets — a backdrop that can support renewal rates but may moderate pricing power.
Within a 3-mile radius, demographics show a largely stable population in recent years with forecasts indicating an increase in households by 2028, suggesting a larger tenant base over the medium term. Household sizes remain above the national norm, which can sustain demand for larger floorplans and multi-bedroom units.
Safety indicators track below both the Bakersfield metro median and the national median. The neighborhood’s crime rank is 172 out of 247 metro neighborhoods, and national percentiles for both property and violent offenses sit in the lower-third cohort. Recent year-over-year estimates point to increases, so prudent operators typically emphasize lighting, access control, and partnerships with local public safety to support resident confidence.
Built in 1999, the property is newer than the neighborhood’s average vintage and should retain competitive positioning against older stock, while investors may still plan for routine system updates and common-area refreshes. Strong neighborhood occupancy — above the Bakersfield median and in the top quartile nationally — underpins leasing stability; according to CRE market data from WDSuite, this submarket’s renter orientation further deepens the tenant pool.
Within a 3-mile radius, forecasts point to an increase in households through 2028, supporting renter pool expansion. Everyday retail access is a relative advantage (notably groceries and pharmacies), which can aid retention, while below-median school ratings and safety metrics warrant proactive asset management and community engagement. Local home values are comparatively accessible for California, which may introduce some competition from entry-level ownership, but a moderate rent-to-income profile provides room for disciplined rent management.
- Newer 1999 vintage versus area average, with potential to outperform older competing assets
- High neighborhood occupancy and substantial renter-occupied share support demand and retention
- Strong daily-needs access (groceries, pharmacies) enhances resident convenience and stickiness
- 3-mile forecasts indicate growing households through 2028, expanding the tenant base
- Risks: below-median safety and school ratings, and some competition from ownership options