| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 25th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 501 Taylor St, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1975 |
| Units | 68 |
| Transaction Date | 2019-05-13 |
| Transaction Price | $5,000,000 |
| Buyer | ST CLAIR FRANK M |
| Seller | ST CLAIR STACY |
501 Taylor St Bakersfield Multifamily Investment Opportunity
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite’s CRE market data.
This inner-suburb Bakersfield location offers daily-needs convenience that supports renter retention. Neighborhood amenity access is competitive among 247 Bakersfield neighborhoods and sits in the top quartile nationally for grocery, restaurant, park, and pharmacy proximity. That combination typically reduces drive-time friction for residents and can aid renewals.
Renter-occupied housing is a large share of neighborhood stock, indicating a deep tenant base for multifamily assets. Neighborhood occupancy is above the national median, suggesting stable leasing conditions with manageable downtime between turns. Median contract rents track near national medians, and rent-to-income levels are comparatively moderate for the area, which can help support pricing without overextending residents.
Within a 3-mile radius, population and family counts have inched up in recent years, with forecasts pointing to further population growth and an increase in households through the medium term. This trajectory implies a larger renter pool over time, which can support occupancy stability and absorption for well-positioned properties.
Home values in the neighborhood are lower than many coastal California markets, yet the local value-to-income relationship trends above national norms. In practice, this high-cost ownership backdrop tends to reinforce reliance on rental housing, supporting tenant retention and sustaining multifamily demand even as incomes rise.
Safety indicators for the neighborhood trend below both metro and national averages. Based on WDSuite s data, crime levels rank in the lower tier among 247 Bakersfield neighborhoods and fall in the lower national percentiles for safety, signaling elevated risk relative to many peer areas.
Year-over-year changes show recent increases in reported property and violent offense rates at the neighborhood level. Investors typically price this into underwriting via reserves and security measures and monitor whether trends stabilize or improve over subsequent periods.
501 Taylor St offers scale at 68 units in a renter-heavy Bakersfield neighborhood with above-median occupancy and strong access to daily amenities. The combination of steady neighborhood occupancy, moderate rent-to-income levels, and a high-cost ownership landscape supports durable demand and potential pricing power for well-managed assets.
According to CRE market data from WDSuite, the surrounding neighborhood sits above the national median for occupancy and near national medians for rent, while the 3-mile radius points to population growth and a projected increase in households. These factors, paired with convenient grocery, restaurant, park, and pharmacy access, position the asset for stable operations with selective value-add upside through targeted unit and common-area improvements.
- Renter-heavy neighborhood with above-median occupancy supports stable leasing
- Daily-needs amenities in the top quartile nationally aid retention
- Moderate rent-to-income dynamics provide room for disciplined pricing
- 3-mile population and household growth expand the tenant base over time
- Risks: safety metrics below metro/national averages and weaker school ratings may require underwriting cushions