| 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 | 1984 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 White Ln Bakersfield Multifamily Investment Opportunity
Neighborhood occupancy trends in the mid-90s support stable income potential, according to WDSuite’s CRE market data, suggesting steady renter demand around 400 White Ln in Bakersfield, CA.
Located in an inner-suburb pocket of Bakersfield with a C+ neighborhood rating, the area shows solid renter depth and durable occupancy. The neighborhood’s occupancy level is competitive among 247 Bakersfield neighborhoods and sits in the top quartile nationally, which can underpin leasing stability for a 120-unit asset. Renter-occupied share is high relative to the metro and ranks in the top quartile locally, reinforcing a broad tenant base for multifamily owners.
Daily-needs access is a relative strength. Grocery availability is among the strongest in the metro (top tier locally; high national percentile), and restaurants are also competitive among 247 Bakersfield neighborhoods. By contrast, parks, cafes, and childcare options are sparse in the immediate area, so investors should underwrite for on-site amenities that help retain residents.
Within a 3-mile radius, population has grown modestly and is projected to rise further, with households expected to increase, pointing to a larger tenant base over the next five years. Median incomes in this 3-mile area have risen, and contract rents are projected to continue growing, which supports occupancy stability and measured rent growth management. These demographics are aggregated within a 3-mile radius and, based on CRE market data from WDSuite, indicate ongoing demand for workforce-oriented rentals.
Home values in the neighborhood are comparatively moderate for California, and the value-to-income profile is lower than many coastal markets. That dynamic can create some competition from entry-level ownership, yet the local rent-to-income level suggests manageable affordability pressure for renters, aiding retention. Average school ratings trend below national norms, so positioning around convenience, on-site services, and unit quality may be important for leasing velocity.
Safety indicators are mixed and should be evaluated in context. The neighborhood ranks in the lower half for crime among 247 Bakersfield neighborhoods and sits below the national median by percentile, indicating comparatively higher incident rates than many U.S. neighborhoods. Year-over-year estimates point to recent increases in both property and violent offenses, so prudent security measures and resident engagement can support retention.
Investors should compare trends to nearby Bakersfield submarkets and monitor multi-year patterns rather than a single period, using WDSuite’s CRE market data as a consistent reference point for underwriting assumptions.
Built in 1984, the property is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while still leaving room for targeted renovations and systems upgrades to drive rent premiums. The surrounding neighborhood exhibits strong occupancy performance (competitive locally and top quartile nationally) and a high renter-occupied share, supporting depth of demand. Daily-needs retail is a clear plus, with strong grocery and solid restaurant access that help sustain day-to-day convenience for residents.
Within a 3-mile radius, population and household counts are trending upward and are expected to grow, pointing to renter pool expansion and support for lease-up and renewal strategies. According to commercial real estate analysis from WDSuite, rent levels and rent-to-income dynamics indicate manageable affordability pressure, though investors should balance this with underwriting for safety considerations and modest competition from entry-level ownership given the neighborhood’s value-to-income profile.
- Occupancy performance competitive locally and top quartile nationally supports income stability.
- 1984 vintage offers value-add potential via targeted renovations and modernization.
- Strong grocery and solid restaurant access enhance resident convenience and retention.
- 3-mile population and household growth signal a larger tenant base over time.
- Risks: below-median safety metrics and potential competition from ownership may temper pricing power.