| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 44th | Good |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3800 Stine Rd, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1977 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3800 Stine Rd Bakersfield Multifamily Investment
Stabilized renter demand and solid neighborhood occupancy, according to CRE market data from WDSuite, position this asset for consistent performance within Bakersfield s inner-suburban fundamentals.
Located in an Inner Suburb of Bakersfield, the neighborhood ranks 19 out of 247 locally (A rating), placing it above most metro peers for overall livability while maintaining investor-friendly fundamentals such as durable occupancy and access to daily needs. Neighborhood occupancy is 95.6% (ranked 88 of 247; 74th percentile nationally), indicating steady housing utilization rather than lease-up volatility at the neighborhood level.
Daily amenities are a relative strength: grocery access is competitive among Bakersfield neighborhoods (ranked 14 of 247; 96th percentile nationally), with restaurants likewise strong (13 of 247; 92nd percentile nationally). Caf e9s and childcare options are also favorable versus metro peers (ranks 25 and 30 of 247). A trade-off is limited parks and pharmacies within the immediate neighborhood, which investors should factor into resident experience and marketing.
Demographics within a 3-mile radius point to a growing tenant base: population and households have expanded over the past five years, and projections indicate further household growth that can support multifamily demand and occupancy stability. Income trends are moving up, with median and mean household incomes increasing, which can underpin rent levels without overextending typical rent-to-income thresholds.
Tenure data suggests a meaningful pool of renters: the neighborhood s share of renter-occupied housing units is above the national median (83rd percentile). Combined with neighborhood-level median contract rents that sit near national mid-range and a rent-to-income ratio around 0.19, this points to manageable affordability pressure that can support retention and measured pricing power. School quality averages around 3.0 out of 5 (ranked 17 of 247; 61st percentile nationally), adding a family-friendly element relative to other Bakersfield areas.
Safety signals are mixed and warrant routine monitoring. The neighborhood s crime rank sits in the lower tier relative to Bakersfield (ranked 210 out of 247 metro neighborhoods), and national comparatives place the area below the midrange for safety (around the 20th percentile nationally for overall crime). Property offenses and violent offenses are also below national midrange percentiles. Investors should underwrite to typical security and operating practices for inner-suburban assets and track trend direction rather than relying on a single-year snapshot.
From a leasing perspective, safety perceptions vary block-to-block and over time; positioning, lighting, access control, and resident engagement can help support tenant retention, especially given otherwise favorable amenity access and occupancy fundamentals in the surrounding area.
Built in 1977, the property is older than the neighborhood s average vintage, creating potential value-add and capital planning opportunities around interiors, building systems, and curb appeal. Neighborhood-level occupancy is competitive among Bakersfield submarkets and sits well above the national median, which, along with a renter concentration above national norms, indicates depth in the tenant base. According to CRE market data from WDSuite, local rents and rent-to-income dynamics point to manageable affordability pressure, supporting retention and steady rent rolls rather than outsized turnover risk.
The surrounding Inner Suburb benefits from strong access to groceries and restaurants at the metro level, bolstering livability for residents. Demographic trends within a 3-mile radius show population and household growth, with forward projections indicating additional household expansion a tailwind for occupancy stability and leasing. Balanced home values relative to incomes suggest that while some households can consider ownership, multifamily remains a practical option for a wide swath of the renter pool, supporting leasing velocity and renewal potential.
- Older 1977 vintage offers value-add potential and targeted capex upside.
- Competitive neighborhood occupancy and above-median renter concentration support demand depth.
- Strong grocery and restaurant access enhances resident convenience and leasing appeal.
- 3-mile radius growth and projected household increases support long-run rental demand.
- Risk: Safety metrics are below national midrange; incorporate prudent security and operating practices.