| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 21st | Fair |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4008 Oregon St, Bakersfield, CA, 93306, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1986 |
| Units | 26 |
| Transaction Date | 2007-04-30 |
| Transaction Price | $2,000,000 |
| Buyer | LOGSDON DOROTHY N |
| Seller | PADOT CHARLES R |
4008 Oregon St, Bakersfield CA Multifamily Investment
Neighborhood occupancy trends sit in the top quartile nationally, pointing to steady leasing fundamentals for a 26-unit asset, according to CRE market data from WDSuite. Positioning within an inner-suburb pocket of Bakersfield supports durable workforce demand without relying on luxury rent growth.
This inner-suburb location balances access and value. The neighborhood’s occupancy level ranks above the Bakersfield metro median and is in the top quartile nationally, signaling resilient renter demand and potential stability through cycles (based on WDSuite’s CRE market data). Restaurants are comparatively accessible — competitive among Bakersfield neighborhoods and above national mid-range — while pharmacies are a local strength with very high availability. By contrast, cafes, grocery stores, and parks are sparse within the neighborhood, which may modestly shift amenity-driven demand to nearby corridors.
Vintage matters for competitiveness: built in 1986, the property is newer than the neighborhood’s 1960s-era average stock. That positioning can help with renter appeal and operating efficiency versus older assets, though investors should still underwrite ongoing system updates and common-area refreshes typical for 1980s construction.
Tenure dynamics indicate a balanced renter base. Within a 3-mile radius, roughly half of housing units are renter-occupied today and are projected to edge toward parity with owner-occupied units, implying a deep tenant pool and sustained leasing velocity for well-managed multifamily. Neighborhood-level renter concentration is lower than half, which can temper turnover risk but may also introduce competition from ownership options.
Demographics within a 3-mile radius show recent population growth alongside increases in households, with forward projections pointing to more households even as average household size declines. For investors, a larger count of households typically expands the pool of prospective renters and supports occupancy stability, especially for practical unit mixes and price points. Median home values sit near the national midpoint, suggesting a high-cost ownership market is not the primary demand driver; instead, pricing relative to incomes and day-to-day convenience will be central to retention and lease management.
Safety metrics are mixed but improving. The neighborhood sits around the metro middle on crime, and its national safety positioning is near the midpoint versus neighborhoods nationwide. Notably, property offense rates have declined year over year, a constructive trend for operational stability and resident retention (per WDSuite’s CRE market data).
Investors should frame safety as a comparative factor: performance is competitive among Bakersfield neighborhoods rather than a clear outlier, with recent momentum driven by lower property offense rates. Ongoing monitoring of local trends and property-level measures can help sustain leasing outcomes.
The asset’s thesis centers on occupancy stability, workforce-oriented demand, and relative competitive positioning versus older neighborhood stock. Built in 1986, it stands newer than much of the area’s 1960s vintage, which can aid leasing and operating efficiency while still leaving room for targeted renovations. According to CRE market data from WDSuite, the neighborhood’s occupancy performance ranks above the metro median and in the top quartile nationally — a constructive backdrop for cash flow durability if management aligns rents with local incomes.
Within a 3-mile radius, household counts have grown and are projected to continue rising even as average household size trends lower, which typically expands the renter pool and supports lease-up and retention. Amenity access is mixed — restaurants and pharmacies are strengths, while cafes, parks, and grocery options are limited locally — so positioning, service quality, and value-oriented pricing should remain the focus. Ownership costs sit near national mid-range levels, which can create some competition with buying; disciplined revenue management and modest value-add can help sustain pricing power without elevating retention risk.
- Occupancy backdrop above metro median and top quartile nationally supports leasing stability.
- 1986 construction offers competitive positioning versus older neighborhood stock with targeted upgrade potential.
- 3-mile household growth and a broad renter base point to durable tenant demand.
- Mixed amenity profile favors value-driven operations and service quality to drive retention.
- Risk: accessible ownership options and limited nearby cafes/grocery/parks may temper rent growth; underwrite conservatively and focus on execution.