| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 19th | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5001 Dunsmuir Rd, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1985 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5001 Dunsmuir Rd Bakersfield Multifamily Investment
Neighborhood occupancy trends are solid and renter-occupied housing is prevalent in this inner-suburban pocket of Bakersfield, supporting consistent tenant demand according to WDSuite’s CRE market data.
This Inner Suburb neighborhood ranks 25th of 247 in the Bakersfield metro (rated A), indicating it is above the metro median and competitive locally for multifamily. Amenities score in the top quartile nationally, with strong access to groceries, pharmacies, and parks, and a high density of restaurants compared with neighborhoods nationwide. For investors, these daily-needs and dining options tend to aid leasing velocity and resident retention.
Neighborhood occupancy is above the national median, and the share of renter-occupied housing is also high, signaling a deep tenant base and stable leasing fundamentals at the neighborhood level. Median contract rents sit around the national middle and have advanced over the last cycle; combined with occupancy strength, this points to resilient cash flow potential rather than outsized near-term growth.
Schools in the neighborhood rate below national norms, which can influence family-driven demand segments, but proximity to everyday services offsets some of that headwind for workforce-oriented properties. The property’s 1985 vintage is newer than the local average (1977), offering relative competitiveness versus older stock while still warranting selective modernization of finishes and systems for a value-add strategy.
Demographic statistics aggregated within a 3-mile radius show modest population and household growth in recent years with forecasts calling for meaningful gains in both population and households by the mid-term outlook. This trajectory suggests a larger tenant base ahead and supports occupancy stability for well-positioned assets.
Home ownership appears relatively high-cost versus local incomes (value-to-income is elevated compared with many neighborhoods), which tends to sustain reliance on rental housing. At the same time, rent-to-income levels in the neighborhood are manageable, which can aid renewal rates and reduce turnover risk from affordability pressure.
Relative to the Bakersfield metro, the neighborhood’s safety metrics rank below the metro median (crime rank 202 out of 247 neighborhoods), and sit below average compared with neighborhoods nationwide. Investors should underwrite to conservative assumptions on security and loss mitigation while noting that safety conditions are measured at the neighborhood level, not the property.
Recent year-over-year indicators show property and violent offense rates have increased at the neighborhood level. While many Inner Suburb areas have experienced similar variability, prudent operators typically budget for lighting, access control, and resident engagement programs and monitor trends over time.
5001 Dunsmuir Rd is a 21-unit, 1985-vintage asset with larger-than-typical average unit sizes for the submarket, positioned in a neighborhood that scores competitively within the Bakersfield metro. Neighborhood occupancy is above national medians and the renter-occupied share is high, supporting steady leasing. Elevated ownership costs relative to income in the area reinforce sustained demand for multifamily, while rent-to-income levels suggest manageable affordability pressure that can support retention. According to CRE market data from WDSuite, rent levels track near the national middle, aligning expectations toward stable operations versus outsized growth.
Demographic statistics within a 3-mile radius indicate recent growth with a larger increase projected over the next five years, pointing to renter pool expansion that supports occupancy stability. The 1985 construction is newer than the neighborhood average, offering a competitive edge against older stock; targeted upgrades can capture value-add upside while addressing aging systems typical of assets from this vintage.
- Competitive neighborhood rank (25 of 247) and above-median occupancy support stable performance
- High renter-occupied share at the neighborhood level indicates a deep tenant base
- 1985 vintage offers relative competitiveness with clear value-add modernization pathways
- Elevated ownership costs versus income help sustain multifamily demand and lease retention
- Risks: neighborhood safety ranks below metro median and school quality lags national norms; budget for operations and resident experience accordingly