| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 17th | Fair |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4220 Parker Ave, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1983 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4220 Parker Ave, Bakersfield CA Multifamily Investment
Neighborhood occupancy has held in the mid-90s and improved over the past five years, supporting stable renter demand according to WDSuite’s CRE market data. Positioned in an inner-suburban pocket with strong daily conveniences, the asset offers dependable leasing fundamentals with value-add potential.
This inner-suburban location delivers everyday convenience that supports retention. Neighborhood data indicate very strong access to groceries (top national tier) and pharmacies, while restaurants are dense for the metro; cafes and parks are limited. In practical terms, that mix favors day-to-day needs and service employment access, though outdoor and third-space options are thinner.
Occupancy in the neighborhood is above the metro median (rank 105 of 247 Bakersfield neighborhoods), helping underpin income stability for multifamily. Rents skew moderate for the area, and the local renter concentration is high: roughly six in ten housing units are renter-occupied (94th percentile nationally), pointing to a deep tenant base. The neighborhood’s average construction vintage is 1977; this property’s 1983 build is somewhat newer, which can be competitive versus older stock, though investors should still plan for modernization of systems and interiors to support rent positioning.
Within a 3-mile radius, population and households have grown modestly in recent years, with forecasts calling for additional population growth and a sizable increase in households by 2028. That trajectory suggests a larger tenant base over time and supports occupancy stability and leasing velocity for well-managed assets. School ratings in the neighborhood trend below national averages, which can make family-oriented demand more price-sensitive, but proximity to services and employment helps sustain broad renter appeal.
Home values are elevated for local incomes (high value-to-income ratio; 89th percentile nationally), signaling a high-cost ownership market for many households. For multifamily investors, that dynamic typically sustains renter reliance on apartments and can aid lease retention. At the same time, rent-to-income levels indicate some affordability pressure, so disciplined lease management and measured rent growth strategies are prudent.
Safety indicators are relatively weak compared with both the metro and national landscape. The neighborhood’s crime standing sits in the lower tier nationally (around the 20th percentile), and its metro rank is toward the higher-crime end (rank 213 out of 247 Bakersfield neighborhoods). Recent data also show a one-year uptick in both property and violent offense rates. For investors, this points to a need for pragmatic security measures, resident engagement, and operating practices that support retention and asset protection.
The area draws from a broad mix of service, healthcare, education, and logistics employment across Bakersfield, supporting workforce housing demand and commute convenience.
4220 Parker Ave is a 23-unit, 1983-vintage property in an inner-suburban Bakersfield neighborhood where renter concentration is high and neighborhood occupancy trends have improved, supporting income durability. According to CRE market data from WDSuite, the location outperforms the metro median on occupancy while offering strong daily conveniences that help retention. The asset’s slightly newer vintage relative to the area’s 1970s average suggests competitive positioning versus older stock, with clear value-add and modernization pathways.
A 3-mile demographic view shows modest recent growth and projections for further population and household expansion by 2028, implying a larger tenant base. Elevated ownership costs in the area reinforce reliance on rental housing, while rent-to-income levels call for measured rent growth and attentive lease management. In combination, these factors present a balanced long-term thesis centered on stable occupancy, steady demand, and targeted operational improvements.
- Above-metro neighborhood occupancy with improving trend supports income stability
- High renter-occupied share indicates a deep tenant base for multifamily
- 1983 vintage relative to 1970s area stock offers value-add and modernization upside
- 3-mile population and household growth outlook supports leasing and retention
- Risk: below-average safety and some affordability pressure require prudent operations