| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4032 O St Bakersfield Multifamily Investment Opportunity
Neighborhood occupancy of approximately 98.5% suggests durable renter demand, according to WDSuite’s CRE market data, with rents tracking near mid-range levels for the metro. Strong renter concentration in the immediate area supports steady leasing fundamentals.
Positioned in Bakersfield’s inner-suburb fabric, the property benefits from a neighborhood where renter-occupied units account for a high share of housing, indicating a deep tenant base and supportive demand for multifamily. Neighborhood occupancy ranks 44 out of 247 metro neighborhoods—competitive among Bakersfield neighborhoods and supportive of stable renewals and lease-up.
Livability signals are mixed. Grocery access is a relative strength (94th percentile nationally), while cafes, restaurants, parks, and pharmacies are sparse within the neighborhood, which may concentrate daily needs rather than lifestyle options. Average school ratings for the neighborhood are low compared with national peers; investors should calibrate marketing and amenity strategy accordingly to sustain leasing velocity.
From a housing and rent standpoint, neighborhood median contract rent sits around the national mid-range, helping maintain a broad renter pool. The reported rent-to-income ratio near 0.31 points to some affordability pressure, which calls for deliberate lease management and value proposition alignment rather than aggressive premium positioning.
Demographic statistics aggregated within a 3-mile radius show population growth over the last five years alongside a notable increase in household count and a projected further rise in households by 2028. A modestly smaller forecast household size implies more households relative to population, which generally expands the renter pool and can support occupancy stability and day-one demand for workforce-oriented product.
Safety indicators for the neighborhood trail broader national benchmarks, with crime measures landing below the national midpoint. Within the Bakersfield metro, the neighborhood’s crime rank (194 of 247) is below the metro average, signaling that prudent security measures and resident engagement programs may be important to support retention.
Recent year-over-year changes show increases in both property and violent offense rates. Investors should underwrite to current conditions, consider visibility and lighting upgrades, and coordinate with professional management to maintain a consistent resident experience.
Built in 1985, the property is newer than the neighborhood’s average vintage, which can be a competitive edge versus older stock while still allowing for targeted updates to systems and finishes. According to commercial real estate analysis from WDSuite, the surrounding neighborhood shows high renter concentration and an occupancy rank that is competitive among Bakersfield submarkets, both of which support day-to-day leasing durability. Limited lifestyle amenities locally suggest that on-site offerings and professional management will be central to value creation.
Within a 3-mile radius, recent population growth and a meaningful rise in households—paired with projections for continued household expansion—point to a larger tenant base over the medium term. At the same time, a rent-to-income ratio near 0.31 indicates affordability pressure, so investors may prioritize practical upgrades and service quality to preserve retention and pricing power without overshooting local budgets.
- Competitive positioning: 1985 vintage versus older neighborhood stock supports leasing and moderate value-add.
- Demand depth: high renter-occupied share and strong neighborhood occupancy underpin day-one stability.
- Demographic tailwind: 3-mile population and household growth expand the renter pool over time.
- Operational focus: limited nearby amenities elevate the importance of on-site services and management.
- Risks: below-average safety metrics and a rent-to-income ratio near 0.31 require careful lease and CapEx planning.