| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 36th | Good |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4841 Columbus St, Bakersfield, CA, 93306, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1985 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4841 Columbus St, Bakersfield — 56-Unit Multifamily
Neighborhood occupancy trends are generally steady and rents sit in the upper tier for the metro, according to WDSuite’s CRE market data, supporting durable demand for workforce-oriented units. 1985 vintage offers a competitive position versus older local stock while leaving room for targeted modernization.
This Inner Suburb neighborhood carries an A- rating and ranks 62 out of 247 Bakersfield neighborhoods, placing it above the metro median and competitive for multifamily. Local occupancy is in the upper half nationally, which, paired with comparatively strong rent levels (top quartile in the metro), points to a tenant base that has shown resilience across cycles based on CRE market data from WDSuite.
Livability is anchored by everyday conveniences: grocery and pharmacy access rank among the stronger concentrations in Bakersfield, while restaurants are reasonably distributed. Park and café density is limited, suggesting fewer destination amenities nearby and placing more emphasis on on-site features to drive retention. Average school ratings in the neighborhood trend below national norms; investors should underwrite leasing strategies that do not rely on top-tier school draw.
The property’s 1985 construction is newer than the neighborhood’s average vintage (late 1970s). That position can help compete against older inventory, though investors should expect selective capital planning for systems upgrades and common-area refreshes to sustain leasing velocity.
Tenure patterns indicate a moderate renter concentration: roughly one-third of housing units in the neighborhood are renter-occupied, which supports a stable, if not overheated, pool of prospective tenants. Within a 3-mile radius, demographic data show a modest population decline over the last five years but an outlook for more households alongside smaller average household sizes. That shift can expand the effective renter pool and support occupancy stability, even as overall population growth softens.
Ownership costs in this area are elevated relative to many U.S. neighborhoods, which tends to reinforce reliance on rental housing. Rent-to-income ratios remain manageable locally, suggesting room for steady renewal performance when paired with disciplined lease management.
Safety indicators are mixed and should be underwritten prudently. The neighborhood’s crime rank sits in the lower half of Bakersfield (188 out of 247 neighborhoods), which places it below the metro average and below the national median for safety. Violent-offense measures track around the national midpoint, while property-offense metrics have shown a notable year-over-year increase.
For investors, this context argues for practical measures such as access control, lighting, and visible management presence, along with underwriting that accounts for potentially higher security and turnover expenses relative to stronger-ranked Bakersfield sub-areas.
4841 Columbus St offers a straightforward workforce housing thesis: metro-above median neighborhood performance, solid grocery/pharmacy access, and rent levels that outpace much of the market. The 1985 vintage positions the asset competitively versus older local stock, with pragmatic value-add potential through unit renovations and building systems modernization. Within a 3-mile radius, a shift toward more households and smaller household sizes suggests a broader leasing funnel even if population growth remains soft; combined with a manageable rent-to-income profile, this supports occupancy durability.
Based on CRE market data from WDSuite, neighborhood occupancy sits in the upper national half and rents benchmark in the metro’s higher tier, indicating pricing power that can be maintained with targeted capex and consistent operations. Risks include below-average school ratings, limited park/café density, and safety metrics that trail the metro average, all of which warrant conservative expense assumptions and an active property management plan.
- Competitive 1985 vintage with value-add upside via focused interior and systems updates
- Neighborhood rents in metro’s upper tier support revenue stability with disciplined leasing
- Renter demand supported by moderate renter-occupied share and more, smaller households in 3-mile radius
- Everyday convenience from strong grocery/pharmacy access enhances retention potential
- Risks: safety metrics below metro average and limited parks/cafés; budget for security and activation