| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 19th | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4101 California Ave, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1977 |
| Units | 68 |
| Transaction Date | 1998-05-19 |
| Transaction Price | $80,000 |
| Buyer | DILORETO SILVIO D |
| Seller | BENNETT RONALD |
4101 California Ave Bakersfield Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and competitive occupancy at the submarket level, according to WDSuite’s CRE market data. For investors, the immediate takeaway is stability driven by solid everyday amenities and a meaningful renter base in this Bakersfield inner-suburban location.
The property sits in an Inner Suburb neighborhood that is competitive among Bakersfield’s 247 neighborhoods, ranking 25th at the metro level. Amenity access skews toward essentials rather than lifestyle: strong proximity to groceries, pharmacies, parks, and childcare contrasts with limited café density, while restaurants are comparatively plentiful. This mix supports day-to-day convenience that can aid leasing and retention.
Neighborhood occupancy is strong by national standards (top quartile nationally) and competitive within the metro, signaling resilient renter demand at the neighborhood level rather than at the property itself. Renter-occupied housing accounts for just over half of neighborhood units, indicating a meaningful renter concentration that can deepen the tenant pool and help smooth leasing cycles.
Within a 3-mile radius, recent population growth has been modest, and forward-looking projections indicate expansion in both population and households over the next five years. That trajectory suggests a larger tenant base over time, which supports occupancy stability and leasing velocity as new renters enter the market. Median household incomes in the 3-mile area have risen, and current rent levels imply manageable affordability pressure, reducing near-term retention risk.
Ownership costs in the neighborhood are comparatively high relative to local incomes (value-to-income metrics place the area in a higher national percentile), which tends to sustain reliance on rental housing. School scores trend lower locally, which some investors weigh as a leasing consideration; however, the everyday amenity set and access to restaurants and parks provide offsetting appeal for a broad renter base. These dynamics, viewed together, create an investor profile centered on workforce demand and durable occupancy rather than premium positioning from schools or café-driven placemaking.
Safety trends should be evaluated with care. The neighborhood performs below the national median for safety (lower national percentile) and ranks weaker relative to many Bakersfield areas among a total of 247 neighborhoods. Recent estimates point to increases in both property and violent offense rates year over year, which warrants active asset management considerations around operational controls and tenant experience.
For investors, the practical takeaway is comparative rather than block-specific: this location is not among the metro’s top performers on safety today. Monitoring trend direction and aligning security, lighting, and access protocols with resident expectations can help support leasing and retention despite broader area dynamics.
This inner-suburban corridor draws from Bakersfield’s diversified employment base across healthcare, education, logistics, government, and energy. Specific nearby employer distance data is not available in this summary; investors typically underwrite to commute convenience via California Ave and adjacent arterials that link to major job centers.
This Bakersfield Inner Suburb location offers investors a durable renter base, competitive neighborhood occupancy (top quartile nationally), and everyday amenity access that supports retention. Home values sit at levels that, relative to local incomes, reinforce rental demand, while rent burdens trend manageable—an income-to-rent profile that can underpin steady collections and pricing power in line with broader metro conditions, based on CRE market data from WDSuite.
Demographic indicators within a 3-mile radius show modest recent growth and an expansionary outlook for population and households, pointing to a larger tenant base over time. The area’s amenity mix leans practical (grocery, pharmacy, parks, childcare) with strong restaurant density, offset by softer school ratings and below-median safety—factors to price into operations and capital planning rather than reasons to dismiss the location.
- Competitive neighborhood occupancy and a substantial renter-occupied housing share support leasing stability.
- Practical amenity access (grocery, pharmacy, parks, childcare) and strong restaurant density aid day-to-day livability and retention.
- Within 3 miles, population and household growth projections suggest a larger tenant base that can support long-term demand.
- Ownership costs relative to incomes tend to sustain reliance on multifamily housing, while rent levels point to manageable affordability pressure.
- Risks: below-median safety and lower school ratings require thoughtful operations and underwriting to maintain occupancy and collections.