| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 16th | Poor |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 White Ln, Bakersfield, CA, 93307, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1980 |
| Units | 120 |
| Transaction Date | 2014-06-30 |
| Transaction Price | $8,000,000 |
| Buyer | Dolphin Property Investments LLC |
| Seller | Bascom White Lane Apts LLC |
400 White Ln, Bakersfield CA Multifamily Investment
Neighborhood multifamily occupancy is strong and supports stable leasing conditions, according to WDSuite’s CRE market data, though figures reflect the surrounding neighborhood and not this specific property. Positioning within Bakersfield’s inner suburb offers steady renter demand at accessible price points.
This inner-suburb location in Bakersfield balances everyday convenience with renter demand fundamentals. Grocery access is a relative strength (high density of stores compared with many neighborhoods nationwide), while restaurants are competitive for the metro; parks and cafes are thinner, which may modestly limit lifestyle appeal. Average school ratings in the area track below national norms, which investors should factor into unit mix and marketing toward households with children.
Multifamily performance indicators are constructive: the neighborhood’s occupancy trends are in the top quartile nationally, signaling depth of demand and supporting income stability, based on CRE market data from WDSuite. Renter concentration is high (a majority of housing units are renter-occupied), expanding the tenant pool for larger garden communities. Note that these occupancy and tenure figures describe the neighborhood, not the property.
Vintage context matters: with an average neighborhood construction year around the mid-1970s and this asset built in 1980, the property is slightly newer than the local stock. Investors should anticipate routine capital planning for 1980s systems, with potential value-add opportunities in unit interiors and common areas to reinforce competitive positioning against older properties.
Within a 3-mile radius, demographics indicate a stable tenant base with modest population growth to date and forecasts pointing to further household expansion. Rising median incomes and measured rent growth in the area support collections and retention, while elevated ownership costs in coastal California markets keep Bakersfield relatively accessible for renters—reinforcing a durable demand story at attainable rent levels.
Home values in this neighborhood sit below many California metros, which can introduce some competition from ownership. For multifamily investors, this typically translates to focusing on value, convenience, and well-maintained product to sustain pricing power and renewals.
Safety outcomes in this neighborhood are below national averages, and the area ranks below the metro median (ranked 172 out of 247 Bakersfield neighborhoods). In national terms, the neighborhood sits in a lower safety percentile, indicating comparatively higher reported crime than many areas across the country.
Recent year trends show estimated increases in both violent and property offenses at the neighborhood level. For investors, this calls for prudent on-site measures (lighting, access control, and partnerships with local community resources) and careful underwriting of operating expenses and loss-to-lease assumptions. As always, these figures reflect the neighborhood, not the specific property, and conditions can vary block to block.
Built in 1980 with 120 units, the property sits slightly newer than the neighborhood’s average vintage, creating a practical platform for targeted renovations to enhance rentability and tenant retention. Neighborhood occupancy trends are solid and in the top quartile nationally, suggesting ongoing leasing stability relative to many U.S. submarkets, according to CRE market data from WDSuite. A high share of renter-occupied housing units in the neighborhood further supports a deep tenant base.
Within a 3-mile radius, modest population growth and a projected increase in households point to a larger renter pool over the medium term. Accessible rent levels for Bakersfield underpin retention, though below-average school ratings and safety metrics warrant active asset management. Given local home values, competition from ownership is a consideration; positioning around convenience, maintenance quality, and practical amenities can help sustain occupancy and pricing.
- Occupancy in the neighborhood sits in the top quartile nationally, supporting income stability
- 1980 vintage offers scope for focused value-add and operational improvements
- High renter-occupied share expands the tenant pool for a 120-unit community
- 3-mile household growth outlook supports leasing and renewal prospects
- Risks: below-average school ratings, safety considerations, and some competition from ownership