| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 21st | Fair |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4006 Niles St, Bakersfield, CA, 93306, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1979 |
| Units | 24 |
| Transaction Date | 1998-01-22 |
| Transaction Price | $382,000 |
| Buyer | WONDERLY W CHANDLER |
| Seller | WASHINGTON MUTUAL BANK FA |
4006 Niles St Bakersfield Multifamily Investment
This 24-unit inner suburb property benefits from strong neighborhood occupancy at 97.1%, ranking in the top quartile nationally for rental stability according to CRE market data from WDSuite.
This inner suburb location in Bakersfield's Kern County offers multifamily investors exposure to a stable rental market with neighborhood-level occupancy at 97.1%, placing it in the 84th percentile nationally. The area demonstrates rental demand resilience with median contract rents of $1,176 having grown 26.3% over five years, outpacing the broader region's rent growth trajectory.
The property's 1979 construction year aligns with the neighborhood average of 1967, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to modernize units and capture additional rent premiums. Demographics within a 3-mile radius show a population of 97,014 with 48.5% of housing units occupied by renters, providing a substantial tenant base for multifamily properties.
Home values averaging $271,641 with 51.4% appreciation over five years create ownership cost pressures that reinforce rental demand in the market. The rent-to-income ratio of 0.16 suggests manageable affordability for tenants, supporting lease retention and renewal rates. Projected demographic trends indicate household growth of 40.7% through 2028, expanding the potential renter pool and supporting long-term occupancy fundamentals.
Property crime rates in the neighborhood show 438 incidents per 100,000 residents annually, placing the area at the 40th percentile nationally among comparable neighborhoods. The trend direction appears favorable with property crime declining 18.3% year-over-year, ranking in the 62nd percentile for improvement among the metro's 247 neighborhoods.
Violent crime remains relatively contained at 36.4 incidents per 100,000 residents, positioning the neighborhood near the median compared to other Bakersfield area locations. These metrics suggest a stable environment for tenant retention, though investors should monitor local crime trends as part of ongoing property management and resident safety considerations.
Employment data for major anchor employers near this property location is not currently available in our database. Investors should conduct independent research on the local employment base and major employers within commuting distance to assess workforce stability and tenant demand drivers.
This 24-unit property built in 1979 offers investors access to Bakersfield's stable rental fundamentals, with neighborhood occupancy at 97.1% ranking in the 84th percentile nationally. The inner suburb location benefits from consistent rental demand supported by a 48.5% renter-occupied housing base within a 3-mile radius and projected household growth of 40.7% through 2028.
According to multifamily property research from WDSuite, the area's rent growth of 26.3% over five years demonstrates pricing power, while home values averaging $271,641 create ownership cost barriers that sustain rental market participation. The property's vintage presents potential value-add opportunities through unit renovations and common area improvements.
- Strong occupancy fundamentals with 97.1% neighborhood occupancy ranking 84th percentile nationally
- Substantial rental demand base with 48.5% renter-occupied units in 3-mile radius
- Projected household growth of 40.7% through 2028 supporting tenant pool expansion
- Value-add potential through 1979 vintage property renovations and modernization
- Monitor property crime trends and capital expenditure needs for older building stock