| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 6th | Poor |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4032 O St, Bakersfield, CA, 93301, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1985 |
| Units | 44 |
| Transaction Date | 2015-09-08 |
| Transaction Price | $3,000,000 |
| Buyer | ZOT ZOT CAPITAL LLC |
| Seller | 3311 UNION AVENUE LLC |
4032 O St Bakersfield Multifamily Investment
This 44-unit property benefits from strong neighborhood-level occupancy at 98.5%, ranking in the top quartile nationally. The area's 84.6% renter-occupied housing share supports consistent rental demand, according to CRE market data from WDSuite.
Located in an inner suburb environment, this neighborhood demonstrates strong rental fundamentals with 84.6% of housing units renter-occupied, ranking 6th among 247 metro neighborhoods. The area maintains a 98.5% occupancy rate, placing it in the 92nd national percentile for occupancy stability. Built in 1985, this property aligns with the neighborhood's average construction year of 1971, indicating potential value-add opportunities through strategic renovations and unit improvements.
Demographics within a 3-mile radius show a population of approximately 95,000 residents, with 66% of households renting rather than owning. The area's median contract rent of $976 ranks competitively among metro neighborhoods, while household incomes average $37,330. Projected growth indicates a 7.7% population increase and 51.6% household growth through 2028, expanding the potential tenant base and supporting long-term rental demand.
The neighborhood offers practical amenities with 4.09 grocery stores per square mile, ranking in the 94th national percentile for grocery access. However, other retail and dining options remain limited, with minimal restaurant, cafe, and pharmacy density. This environment may appeal to cost-conscious renters prioritizing affordability over walkable amenities, though property managers should monitor tenant retention strategies in areas with fewer lifestyle conveniences.
Safety metrics present mixed signals for this neighborhood. Property crime rates of 528 incidents per 100,000 residents rank 162nd among 247 metro neighborhoods, placing performance near the metro median. However, property crime increased 50.6% year-over-year, suggesting investors should monitor security trends and consider tenant retention implications.
Violent crime rates remain lower at 96 incidents per 100,000 residents, though this metric also increased significantly by 98.5% over the past year. While the neighborhood's overall crime ranking places it in the 26th national percentile, the recent uptick in both property and violent offenses warrants attention to security measures and tenant communication strategies.
Employment data for major employers near this property location is not currently available in our commercial real estate analysis. Investors should conduct independent research on local employment centers and commute patterns to assess workforce housing demand in this Bakersfield submarket.
This 44-unit property offers exposure to a rental-heavy market with demonstrated occupancy strength. The neighborhood's 98.5% occupancy rate and 84.6% renter-occupied housing share indicate stable demand fundamentals, while projected household growth of 51.6% through 2028 supports long-term tenant pool expansion. Built in 1985, the property presents value-add potential through strategic improvements that could capture rent premiums in a market where median rents rank competitively metro-wide.
However, investors should weigh operational considerations including recent crime increases and limited neighborhood amenities. The area's low household incomes and modest rent-to-income ratios may support affordability but could limit rent growth potential. According to multifamily property research from WDSuite, successful positioning in this market likely requires careful attention to maintenance standards, security measures, and value-oriented tenant services.
- Strong neighborhood occupancy at 98.5%, ranking in top quartile nationally
- High renter concentration (84.6%) supports consistent rental demand
- Projected 51.6% household growth through 2028 expands tenant base
- 1985 construction offers value-add renovation opportunities
- Risk factors include recent crime increases and limited amenity access