| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 32nd | Fair |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4301 McCray St, Bakersfield, CA, 93308, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 2017-07-31 |
| Transaction Price | $12,975,000 |
| Buyer | AUTUMN GLEN APARTMENTS LLC |
| Seller | BASCOM BAKERSFIELD PORTFOLIO LLC |
4301 McCray St Bakersfield Multifamily Investment
This 20-unit property in Bakersfield's inner suburb neighborhood offers exposure to a high-rental market with 62.2% of housing units occupied by renters. According to CRE market data from WDSuite, the neighborhood maintains 94.6% occupancy rates, positioning investors in a stable rental environment.
Located in Bakersfield's inner suburb environment, this neighborhood demonstrates strong rental fundamentals with 62.2% of housing units occupied by renters, ranking in the top quartile among 247 metro neighborhoods. The area maintains a 94.6% occupancy rate, reflecting stable tenant demand and limited rental supply pressure.
Built in 1972, this property requires consideration of potential capital expenditure needs typical of older multifamily assets, though this vintage aligns with the neighborhood's 1995 average construction year. The neighborhood's median contract rent of $1,175 provides context for rental positioning, while demographic data within a 3-mile radius shows a population of approximately 35,100 residents with projected household growth supporting continued rental demand.
The area's $414,849 median home value ranks in the upper quartile nationally, creating elevated ownership costs that can sustain rental demand by keeping households in the multifamily market. With a rent-to-income ratio of 0.21, the neighborhood offers relatively manageable affordability compared to many California markets, supporting tenant retention and lease renewal potential.
Safety data for this specific neighborhood was not available in the current dataset. Investors should conduct independent due diligence on local crime trends and property-level security considerations as part of their underwriting process.
Employment data for major anchor employers near this property location was not available in the current dataset. Investors should research the local employment base and major employers in the Bakersfield market to assess workforce stability and tenant demand drivers.
This 1972-vintage property offers investors exposure to Bakersfield's stable rental market, where neighborhood-level occupancy of 94.6% reflects consistent tenant demand. The area's high concentration of rental housing units (62.2% renter-occupied) creates a natural tenant pool, while elevated home values relative to incomes help sustain multifamily demand by limiting ownership transitions.
Demographics within a 3-mile radius show steady population growth and household formation trends that support long-term rental fundamentals. The property's 20-unit scale provides operational efficiency while allowing for hands-on management, though the 1972 construction year requires factoring potential capital improvement needs into investment planning.
- Strong neighborhood rental fundamentals with 94.6% occupancy rates
- High renter concentration (62.2%) supports tenant demand stability
- Elevated home values relative to incomes reinforce rental market positioning
- Risk consideration: 1972 vintage may require capital expenditure planning for building systems and unit improvements