| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 19th | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4171 California Ave, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1974 |
| Units | 67 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4171 California Ave Bakersfield Multifamily Investment
This 67-unit property built in 1974 operates in a neighborhood with 96.2% occupancy rates and strong rental housing demand. According to CRE market data from WDSuite, the area ranks in the top quartile nationally for amenities and housing fundamentals.
The property sits in an inner suburb neighborhood that ranks 25th among 247 metro neighborhoods with an A rating. The area demonstrates strong rental housing fundamentals with 51.2% of housing units occupied by renters, placing it in the 89th percentile nationally for rental share. Neighborhood-level occupancy stands at 96.2%, ranking in the 79th percentile nationally and indicating stable tenant retention.
Built in 1974, this property aligns with the neighborhood's average construction year of 1977, suggesting potential value-add opportunities through strategic renovations and unit improvements. The area's median contract rent of $1,022 positions units competitively within the broader Bakersfield market, with rent growth of 31.2% over the past five years demonstrating pricing power.
Demographics within a 3-mile radius show a population of 87,157 with household income growth accelerating 65.2% over five years to a mean of $75,419. Forecasts project population growth to 103,533 by 2028, representing an 18.8% increase that should expand the renter pool. The area ranks in the 75th percentile nationally for amenities, with strong density of essential services including 2.08 grocery stores and pharmacies per square mile, supporting tenant retention and lease-up velocity.
The neighborhood's crime metrics require careful evaluation for risk management. Property offense rates rank 198th among 247 metro neighborhoods, placing it in the 23rd percentile nationally. Violent crime rates rank 182nd among metro neighborhoods, corresponding to the 36th percentile nationally, indicating performance below regional and national medians.
Both property and violent offense rates have increased over the past year, with property crimes rising 117.6% and violent crimes up 66.3%. These trends warrant consideration in tenant screening protocols, security measures, and insurance planning. Investors should factor crime trends into lease management strategies and evaluate security improvements as part of any capital expenditure planning.
Employment data for major anchor employers near this property location is not available in the current dataset. Investors should conduct independent research on local employment centers, major employers, and job growth trends in the Bakersfield market to assess workforce housing demand and tenant stability factors.
This 67-unit property offers value-add potential in a neighborhood demonstrating strong rental housing fundamentals. The 1974 construction year aligns with area norms and presents renovation opportunities to capture rent premiums, while the neighborhood's 96.2% occupancy rate indicates stable tenant demand. Demographic projections show 18.8% population growth through 2028, expanding the renter pool in a market where 51.2% of housing units are renter-occupied.
The property benefits from strong amenity density ranking in the 75th percentile nationally, supporting tenant retention through convenient access to grocery stores, pharmacies, and restaurants. However, investors should carefully evaluate crime trends and factor security considerations into capital planning, as both property and violent offense rates have increased significantly over the past year.
- Stable occupancy fundamentals with 96.2% neighborhood-level rates
- Value-add renovation potential in 1974-vintage property
- Growing renter pool with 18.8% projected population increase by 2028
- Strong amenity density supporting tenant retention
- Rising crime trends require security investment and risk management consideration