| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 31st | Fair |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4301 Fruitvale Ave, Bakersfield, CA, 93308, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1996 |
| Units | 110 |
| Transaction Date | 2019-02-05 |
| Transaction Price | $5,650,000 |
| Buyer | VB CDT PINEVIEW LP |
| Seller | LIMIRED PINEVIEW |
4301 Fruitvale Ave Bakersfield Multifamily Investment
Stabilized neighborhood fundamentals and projected household growth within a 3-mile radius point to durable renter demand, according to WDSuite’s CRE market data. Newer 1996 vintage versus local stock supports competitive positioning with room for targeted upgrades.
Located in a suburban pocket of Bakersfield, the neighborhood is rated A- and ranks 49 out of 247 within the metro, placing it in the top quartile among 247 metro neighborhoods based on WDSuite’s CRE market data. The area’s occupancy trend is firm, with neighborhood occupancy measured at 94.2%, which is above the national median and generally supportive of income stability for well-managed multifamily assets.
Livability drivers are solid for everyday needs: grocery, restaurant, park, and childcare access all track above national medians (national percentiles near the upper-third), while café density is comparatively thin. These dynamics suggest daily convenience that can aid retention, with limited risk of over-amenitized competition nearby. Average school ratings are not well-documented in the dataset for this neighborhood; investors may wish to underwrite school influence conservatively until additional information is verified.
The property’s 1996 vintage is newer than the neighborhood’s average construction year of 1982. This typically supports competitiveness against older stock, though investors should still plan for selective modernization and system refreshes to sustain leasing performance over the hold period.
Within a 3-mile radius, demographics indicate a growing tenant base: recent population growth with further gains projected, rising median incomes, and a renter-occupied share around two-fifths. This combination points to depth in the renter pool and potential support for occupancy stability and measured rent growth, particularly given the neighborhood’s rent-to-income ratio reading near the favorable range for lease retention. Elevated home values for the area relative to incomes reinforce reliance on multifamily housing, which can bolster pricing power for quality product.
Comparable neighborhood crime metrics are not available in the current WDSuite dataset for this location. Investors typically benchmark neighborhood conditions against Bakersfield-wide and Kern County trends and review recent local reports to assess directional safety dynamics and potential operating impact.
This 110-unit, 1996-built asset benefits from a suburban Bakersfield location where neighborhood occupancy is solid and daily-life amenities are sufficient to support retention. The vintage skews newer than the local average, providing a competitive edge versus older product while allowing for value-add through focused common-area and in-unit updates. According to CRE market data from WDSuite, the area’s home values are elevated relative to incomes and the neighborhood rent-to-income ratio sits in a favorable band, both of which tend to support renter reliance on multifamily housing and manageable lease retention strategies.
Within a 3-mile radius, population and household counts are expanding with further growth projected, and renter-occupied housing represents a meaningful share of the unit base. These trends point to a larger tenant pool and sustained leasing velocity for well-positioned communities. Key underwriting considerations include measured capex for mid-life systems and the need to compete on finishes and management quality as newer deliveries in the broader metro set tenant expectations.
- Newer 1996 vintage versus local average, supporting competitive positioning with targeted value-add potential.
- Neighborhood occupancy stands strong, reinforcing income stability for well-managed assets.
- 3-mile radius shows growing population and households, expanding the renter pool and supporting leasing.
- Elevated ownership costs relative to incomes sustain renter demand and pricing power for quality product.
- Risks: mid-life building systems may require capex; need to maintain competitive finishes and management against metro alternatives.