| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 25th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4419 Belle Ter, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1981 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4419 Belle Ter, Bakersfield CA Multifamily Investment
Neighborhood metrics point to steady renter demand and low-90s occupancy at the neighborhood level, according to WDSuite’s CRE market data, supporting a durable income profile for a 1981-vintage, 64-unit asset.
This Inner Suburb pocket of Bakersfield (neighborhood rating: B+) shows balanced fundamentals for workforce housing. Neighborhood-level occupancy remains in the low-90s and is above the metro median, suggesting stable leasing conditions rather than outsized volatility. Median contract rents in the neighborhood sit in the mid-tier for the metro and have risen over the past five years, indicating pricing that can compete while still maintaining a broad tenant pool.
Amenity access skews practical: grocery and restaurants rank competitively among 247 Bakersfield neighborhoods, while parks and pharmacies are also strong relative to metro peers. Cafés and childcare are thinner locally, which may matter less for small-unit product but is a consideration for family-oriented leasing strategies. Average school ratings in the neighborhood trail national norms, which could modestly influence demand from households prioritizing K–12 quality.
Construction in the neighborhood averages 1975. With a 1981 construction year, the property is slightly newer than the local average and should remain competitive versus older stock; investors should still underwrite aging systems and common-area modernization for value-add potential and capital planning.
Tenure data shows a high share of renter-occupied housing units in the neighborhood, indicating depth in the tenant base and support for multifamily absorption and retention. Within a 3-mile radius, population has been roughly flat in recent years, but forecasts indicate an increase in households by 2028, pointing to renter pool expansion that can support occupancy stability. In a market with more accessible ownership costs than coastal California, the neighborhood’s value-to-income dynamics suggest some competition from entry-level ownership; investors should position rents and finishes to sustain lease retention rather than rely on outsized rent lifts, guided by commercial real estate analysis and local comps from WDSuite.
Safety indicators are mixed. The neighborhood’s crime rank is above the metro median among 247 Bakersfield neighborhoods, indicating comparatively better conditions locally. However, national percentiles place the area below the midpoint for safety nationwide, so investor underwriting should assume average-to-elevated security considerations relative to national benchmarks.
Recent-year estimates indicate increases in both violent and property offenses at the neighborhood level. Operators commonly address this through lighting, access controls, and resident engagement. Framing risk in comparative terms, the area appears competitive within Bakersfield but trails safer national peer neighborhoods; plan for standard multifamily security measures and monitor trends over the next leasing cycles.
This 64-unit, 1981-vintage asset benefits from a high concentration of renter-occupied housing units in the surrounding neighborhood and stable, above-metro-median occupancy. According to CRE market data from WDSuite, local rents are mid-tier with multi-year growth, aligning with a workforce renter profile that supports steady absorption and lease retention. The property’s slightly newer vintage versus the neighborhood average presents pragmatic value-add angles through unit modernization and systems updates.
Forward-looking demographics within a 3-mile radius point to an increase in households by 2028, which supports renter pool expansion even as homeownership remains relatively accessible for the region. This dynamic suggests income durability with measured pricing power, favoring operators who focus on renovations that enhance livability without overreaching on rent premiums. Safety sits better than the metro median but below national norms, warranting routine security investments in the operating plan.
- Neighborhood-level occupancy above the metro median supports stable leasing and cash flow.
- 1981 construction offers value-add potential via interior upgrades and systems modernization.
- Workforce rent positioning with multi-year rent growth aids retention and absorption.
- Forecast household growth within 3 miles expands the tenant base and supports occupancy.
- Risks: below-national-average safety and accessible ownership options may temper pricing power.