| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 39th | Good |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4513 Isla Verde St, Bakersfield, CA, 93301, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1984 |
| Units | 32 |
| Transaction Date | 1999-08-20 |
| Transaction Price | $816,000 |
| Buyer | HANSON SCOTT I |
| Seller | LEMUCCHI TIMOTHY |
4513 Isla Verde St Bakersfield Multifamily Opportunity
Workforce-oriented demand is supported by a sizable renter base in the surrounding area, according to WDSuite’s CRE market data, positioning this 32-unit asset for steady leasing against value-conscious competition.
Located in an Inner Suburb of Bakersfield, the neighborhood carries a C+ rating and ranks below the metro median (155 out of 247), indicating fundamentals that reward careful underwriting yet can support value-focused multifamily strategies. Neighborhood occupancy is measured at the neighborhood level and trends below the metro median, while rents skew toward the lower end locally—factors that can attract price-sensitive tenants and support lease-up when positioned correctly.
Renter concentration varies by lens: within the neighborhood, 47.4% of housing units are renter-occupied, suggesting a balanced base; within a 3-mile radius, renter-occupied share is higher (about two-thirds), which broadens the tenant pool for a property of this size and supports demand stability. Population and household figures aggregated within 3 miles show recent population growth and an 11%+ increase in households, with forecasts pointing to further household expansion and smaller average household sizes—conditions that generally add depth to the renter pool and can support occupancy.
Amenity access is mixed. Pharmacies are a relative strength (top tier locally and strong nationally), and restaurant density is competitive among Bakersfield neighborhoods, while parks, groceries, cafes, and childcare options are limited in the immediate neighborhood. For investors, this mix supports day-to-day convenience but may require marketing around key retail corridors rather than walkable micro-amenities.
Ownership costs in the neighborhood are comparatively accessible versus many California markets, which can introduce competition from entry-level ownership. At the same time, rent-to-income ratios indicate affordability pressure for renters, implying that effective lease management, measured rent bumps, and value-forward unit improvements may be important for retention. The property’s 1984 vintage is newer than the neighborhood’s average 1975 construction year, suggesting relative competitiveness versus older stock; investors should still plan for targeted systems updates or modernization to enhance positioning.
Safety indicators for this neighborhood track below national averages and below the Bakersfield metro median (crime rank 205 of 247), according to WDSuite’s market context. National percentiles for both property and violent offenses sit in the lower ranges, and recent year-over-year trends show an uptick—especially in violent offenses—warranting prudent security planning and tenant communication.
For investors, the takeaway is comparative rather than block-specific: the neighborhood is less safe than many peer areas nationally, which may influence tenant preferences and operating practices. Underwriting should incorporate realistic assumptions for security measures and potential impacts on marketing timelines and retention.
This 32-unit, 1984-vintage asset aligns with Bakersfield’s workforce housing segment, benefiting from a broader renter pool within 3 miles and competitive positioning versus older neighborhood stock. Neighborhood-level occupancy trends below the metro median suggest the need for active asset management, but lower local rent levels can attract value-seeking tenants and support steady absorption when units are well-presented. According to CRE market data from WDSuite, the surrounding area’s household growth and forecast tenant base expansion support long-term leasing fundamentals, while affordability pressure underscores the importance of measured rent strategy and retention tactics.
Amenity access is functionally adequate—with strong pharmacy access and moderate restaurant density—though limited parks, groceries, and cafes in the immediate neighborhood point to a car-oriented lifestyle. Ownership remains relatively accessible locally, a potential competitor to renting; still, the area’s sizable renter-occupied share within 3 miles and projected household gains suggest durable demand for well-managed, value-forward multifamily.
- 1984 vintage offers relative competitiveness versus older neighborhood stock, with targeted modernization potential
- Larger renter pool within 3 miles supports demand depth and occupancy stability
- Lower local rent levels can draw value-conscious tenants and aid lease-up
- Car-oriented amenities: strong pharmacy access and moderate dining options enhance daily convenience
- Risks: below-metro safety profile, neighborhood occupancy below median, and potential competition from ownership and affordability pressure