| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 17th | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4140 Teal St, Bakersfield, CA, 93304, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1983 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4140 Teal St Bakersfield Multifamily Investment
This 20-unit property benefits from strong neighborhood rental demand, with 43.6% of housing units renter-occupied and stable occupancy at 93.3% according to CRE market data from WDSuite.
The property sits in a B+ rated inner suburb neighborhood that ranks 80th among 247 metro neighborhoods, demonstrating competitive fundamentals for multifamily investment. Built in 1983, this asset aligns with the neighborhood's average construction year of 1980, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements.
Rental demand fundamentals remain solid, with 43.6% of housing units renter-occupied and neighborhood-level occupancy holding at 93.3%. The area demonstrates strong retail amenities, ranking in the 96th percentile nationally for restaurant density with nearly 20 establishments per square mile, supporting tenant retention through walkable dining options. Grocery access also ranks favorably at the 92nd percentile nationally with 3.5 stores per square mile.
Demographics within a 3-mile radius show a stable renter base of over 141,000 residents, with 48.4% of housing units renter-occupied. The median contract rent of $1,055 represents a 21.7% increase over five years, while household income growth of 32.9% over the same period supports rent growth sustainability. Forward projections indicate continued household formation, with a 41% increase in total households expected through 2028, expanding the potential tenant pool.
Home values at $244,326 median create affordability pressure for ownership, with a value-to-income ratio ranking in the 76th percentile nationally. This dynamic reinforces rental demand as elevated ownership costs keep households in the multifamily market longer, supporting lease retention and occupancy stability.
Safety metrics for this neighborhood show mixed performance relative to metro and national comparisons. The area ranks 209th among 247 metro neighborhoods for overall crime, placing it in the 21st percentile nationally. Property offense rates of 943 per 100,000 residents rank 197th metro-wide and fall in the 24th percentile nationally, indicating higher property crime levels relative to other neighborhoods.
Violent crime rates are 171 per 100,000 residents, ranking 211th among metro neighborhoods and in the 22nd percentile nationally. Both property and violent crime rates have increased year-over-year, with property offenses up 85% and violent offenses up 70%. Investors should factor these trends into security considerations, tenant screening protocols, and potential property management adjustments.
Limited employer data is available for this specific location. Investors should conduct additional due diligence on the local employment base and major employers within commuting distance to assess workforce stability and tenant demand drivers.
This 20-unit property offers exposure to a stable rental market with solid occupancy fundamentals and growing household formation. The neighborhood's 93.3% occupancy rate and 43.6% renter share indicate consistent demand, while demographic projections show 41% household growth through 2028, expanding the tenant base. Built in 1983, the asset presents potential value-add opportunities through targeted renovations and unit improvements.
Rental affordability dynamics favor multifamily investment, with home values creating ownership barriers that sustain rental demand. According to multifamily property research from WDSuite, the area's rent-to-income ratio remains manageable while contract rents have grown 21.7% over five years, supported by household income gains of 32.9%. Strong retail amenities enhance tenant retention through walkable access to dining and grocery options.
- Stable occupancy at 93.3% with strong renter share supporting demand
- 41% projected household growth through 2028 expanding tenant pool
- Value-add potential with 1983 construction year and renovation upside
- Strong retail amenities ranking 96th percentile nationally for restaurants
- Crime trends require monitoring with property offenses up 85% year-over-year