| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 25th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4401 Belle Ter, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1978 |
| Units | 58 |
| Transaction Date | 2015-03-31 |
| Transaction Price | $3,635,000 |
| Buyer | 4401 Belle Terrace Partners LLC |
| Seller | Patrick J Treacy Revocable Living Trust |
4401 Belle Ter, Bakersfield CA Multifamily Investment
Neighborhood indicators point to a deep renter base and generally steady occupancy, according to WDSuite’s CRE market data; these figures reflect the surrounding neighborhood rather than the property itself.
Located in an Inner Suburb pocket of Bakersfield with a B+ neighborhood rating and a rank of 66 out of 247 metro neighborhoods, this area is competitive among Bakersfield neighborhoods for multifamily positioning. Grocery access is a clear strength, with density levels that are top quartile nationally and among the best within the metro, complemented by solid restaurant, park, and pharmacy availability. These amenity patterns support day-to-day livability and leasing appeal.
Neighborhood occupancy trends sit above the metro median, and local rents track in a mid-range band for Bakersfield, which can help sustain pricing without overextending the tenant base. The share of housing units that are renter-occupied is high (top national percentile), indicating a deep pool of potential residents and demand stability for multifamily product. Average school ratings in the area trend below national norms, which investors may weigh when targeting tenant profiles and unit mix.
The property’s 1978 vintage is slightly newer than the neighborhood’s average construction year, suggesting relative competitiveness versus older stock nearby while still warranting selective modernization and systems planning to support rent growth and retention.
Within a 3-mile radius, demographics have been broadly stable in recent years with expectations for population and household expansion over the next five years. A projected increase in households points to a larger tenant base, supporting occupancy stability and absorption potential. Median home values in the neighborhood sit in a high-cost ownership context relative to local incomes, which tends to reinforce renter reliance on multifamily housing and can aid lease retention.
Compared with other Bakersfield neighborhoods (247 total), this area ranks toward the lower end for safety, and it sits below national averages based on crime-related percentiles. Recent year-over-year indicators point to increases in both property and violent offense rates locally. For investors, this argues for enhanced on-site security practices, strong property management, and resident engagement to support retention and asset performance.
This 58-unit, 1978-vintage asset benefits from a renter-heavy neighborhood, amenity strengths (notably grocery, restaurants, parks, and pharmacies), and occupancy that trends above the metro median. The vintage is slightly newer than the neighborhood average, offering a platform for targeted renovations that can sharpen competitive positioning while managing capital exposure.
Based on commercial real estate analysis and CRE market data from WDSuite, the surrounding neighborhood’s moderate rent levels, high renter-occupied share, and expected growth in households within a 3-mile radius point to durable multifamily demand. Ownership remains relatively costly versus incomes in this area, which supports reliance on rentals and can aid pricing power; balanced against this, below-average school ratings and weaker safety metrics warrant prudent underwriting and management focus.
- Renter-heavy neighborhood supports a deep tenant base and leasing durability.
- Amenity strengths (grocery, restaurants, parks, pharmacies) bolster livability and retention.
- 1978 vintage offers value-add potential via focused interior and systems upgrades.
- Ownership costs relative to incomes reinforce rental demand and support pricing strategies.
- Risks: below-average school ratings and weaker safety metrics require active management.