| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 34th | Good |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4830 Columbus St, Bakersfield, CA, 93306, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1977 |
| Units | 22 |
| Transaction Date | 2014-06-25 |
| Transaction Price | $710,000 |
| Buyer | MAITIA MARIE |
| Seller | REVX-MB9 INC |
4830 Columbus St Bakersfield 22-Unit Multifamily Opportunity
Positioned in Bakersfield s inner-suburban corridor, the asset balances attainable rents with a broad tenant pool, according to WDSuite s CRE market data. Investors should weigh value-add potential from a 1977 vintage against neighborhood occupancy that has trended softer than metro norms.
Located in an Inner Suburb of Bakersfield, the neighborhood rates a solid B and sits above the metro median for overall performance, ranking 116 out of 247 metro neighborhoods. Daily-needs access is a relative strength: grocery availability is competitive among Bakersfield neighborhoods and in the top decile nationally, while park access is also strong. Restaurant and caf e9 density is limited locally, which can reduce lifestyle appeal but may support value positioning for workforce renters.
Renter concentration at the neighborhood level is roughly 36.7% of housing units being renter-occupied. For multifamily owners, this indicates a defined but not saturated tenant base and supports demand for well-managed, quality units. Median contract rents in the neighborhood remain accessible relative to household incomes, and the rent-to-income ratio points to manageable affordability pressure that can aid retention and occupancy management.
Within a 3-mile radius, demographics show a large family-oriented population mix and household sizes near 3.3, with recent years reflecting modest population contraction but steady income gains. Projections indicate smaller average household sizes and an increase in total households over the next five years, which can expand the renter pool and support leasing velocity even if population growth is flat.
Home values in the neighborhood are in a mid-range for the region. In practical terms, this creates a high-cost ownership market relative to local rents, which can reinforce reliance on multifamily housing and help sustain demand. Average school ratings in the area are below the national middle; investors should consider this in marketing and tenant-mix strategy, while leveraging strong parks and grocery access as counterweights.
Safety conditions trend below the metro median among 247 Bakersfield neighborhoods and below the national middle, per WDSuite s CRE market data. Recent data show a year-over-year uptick in both property and violent offenses at the neighborhood level. For underwriting, investors typically account for added security measures, lighting, and resident engagement to support retention and protect common areas.
Comparatively, the area is not among the top quartile nationally for safety. Operators often succeed with proactive site management and partnerships with local resources. Framing safety in marketing should remain factual and neighborhood-wide, avoiding block-level claims.
Built in 1977, this 22-unit asset offers potential value-add and capital planning angles versus the neighborhood s slightly newer average stock. According to CRE market data from WDSuite, neighborhood rents remain accessible versus incomes, which can support tenant retention and stabilize cash flows as units are modernized. Strong grocery and park access enhance livability, while limited restaurant/caf e9 density positions the property as a practical, workforce-oriented option.
Investors should underwrite to neighborhood occupancy that has been softer than metro and national medians and incorporate prudent security and operating assumptions. Over the next five years, a projected increase in households within a 3-mile radius alongside smaller household sizes suggests a broader renter pool and improved leasing depth, supporting steady demand for well-managed units.
- 1977 vintage points to value-add and systems modernization potential versus slightly newer neighborhood stock.
- Accessible rents relative to incomes support retention and occupancy management.
- Strong daily-needs access (grocery, parks) reinforces livability for workforce renters.
- 3-mile projections show more households and smaller household sizes, expanding the renter pool.
- Risks: neighborhood safety trends below metro median and softer occupancy; plan for active management and security.