| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 25th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4425 Belle Ter, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1978 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4425 Belle Ter Bakersfield Multifamily Investment
This 64-unit property benefits from strong neighborhood-level occupancy at 93.5% and exceptional grocery access in Bakersfield's renter-dominant market. Demographics within a 3-mile radius show projected household growth of 35.8% through 2028, according to CRE market data from WDSuite.
This Inner Suburb neighborhood ranks competitively among Bakersfield's 247 neighborhoods, earning a B+ rating with particularly strong amenity access. The area demonstrates exceptional grocery density at 6.48 stores per square mile, ranking 9th metro-wide and reaching the 97th percentile nationally. Restaurant access also performs well with 9.07 establishments per square mile, supporting tenant retention through convenient daily services.
Built in 1978, the property aligns closely with the neighborhood's average construction year of 1975, minimizing obsolescence risk while positioning the asset for targeted value-add renovations. Neighborhood-level occupancy remains stable at 93.5%, above the 62nd percentile nationally, with median contract rents of $1,003 showing modest 32% growth over five years.
Demographics within a 3-mile radius reveal a substantial renter pool, with 53.4% of households renting compared to 46.6% ownership. The area is projected to experience significant household growth of 35.8% through 2028, expanding from 37,311 to 50,669 households. This demographic expansion supports multifamily demand fundamentals, with median household income projected to increase 30.8% to $81,671, strengthening the tenant base's rent-paying capacity.
The median home value of $205,546 creates a value-to-income ratio of 3.97, which can support rental demand by making ownership less accessible for moderate-income households. However, investors should monitor the projected shift toward homeownership, with the rental share expected to decline from 53.4% to 47.8% by 2028, potentially increasing competition for tenants.
Safety metrics present mixed signals that require careful monitoring. The neighborhood ranks 218th among 247 metro neighborhoods for overall crime, placing it in the 18th percentile nationally. Property crime rates are elevated at approximately 1,191 incidents per 100,000 residents, with a concerning 51.4% increase over the past year.
Violent crime rates are also above average at 193 incidents per 100,000 residents, ranking 212th metro-wide and in the 21st percentile nationally. The violent crime rate has increased substantially by 139.8% year-over-year, indicating deteriorating conditions that could impact tenant retention and property values. Investors should factor enhanced security measures and potential insurance costs into their underwriting analysis.
Employment data for specific anchor employers near this property location is not currently available in our database. Investors should conduct independent research on major employers and job centers within commuting distance to assess workforce housing demand drivers.
This 64-unit Bakersfield property offers exposure to strong demographic fundamentals, with household growth of 35.8% projected through 2028 within a 3-mile radius expanding the potential tenant base. The neighborhood maintains stable occupancy at 93.5% and benefits from exceptional grocery access ranking in the 97th percentile nationally, supporting tenant retention through convenience factors.
The 1978 construction year aligns with neighborhood norms, providing renovation upside potential while avoiding obsolescence concerns. Projected median income growth of 30.8% to $81,671 strengthens rent-paying capacity, though multifamily property research indicates a shift toward homeownership that may increase tenant competition by 2028.
- Household growth of 35.8% projected through 2028 expands potential tenant base
- Neighborhood-level occupancy of 93.5% demonstrates market stability
- Exceptional amenity access with grocery density in 97th percentile nationally
- 1978 vintage provides value-add renovation opportunities
- Risk: Declining rental share and elevated crime rates require careful monitoring