| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Poor |
| Demographics | 11th | Poor |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 502 Beardsley Ave, Bakersfield, CA, 93308, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | 1999-05-26 |
| Transaction Price | $342,000 |
| Buyer | RITCHEY ROBERT S |
| Seller | CLAYTOR MARSHALL C |
502 Beardsley Ave, Bakersfield Multifamily Investment
Neighborhood occupancy trends have improved and sit near the metro median, supporting stable renter demand, according to WDSuite’s CRE market data. With a manageable 20-unit scale, this asset suits investors seeking durable cash flow in a workforce-oriented Bakersfield submarket.
The immediate neighborhood rates C- within the Bakersfield, CA metro, ranking 224 out of 247 neighborhoods. While this places it below the metro median overall, investors benefit from a renter-leaning housing base: renter-occupied units represent a high share of local housing, which supports depth of the tenant pool and helps sustain leasing velocity over time.
Livability is practical rather than premium. Grocery access is a relative strength — grocery density ranks in the top quartile among 247 Bakersfield neighborhoods and scores strong versus the nation — while restaurants are competitive among Bakersfield peers. Broader amenities trail the metro median and average school ratings are weak (low national percentile), so operators should plan for demand driven more by value and commute convenience than by lifestyle anchors.
From a rent and occupancy standpoint, neighborhood occupancy sits around the metro median, with modest improvement over the past five years. Median asking rents in the neighborhood track on the lower side for the region, reinforcing a value position that can support steady absorption and retention when paired with disciplined operations. These indicators are based on multifamily property research from WDSuite and reflect neighborhood-level, not property-level, data.
Within a 3-mile radius, population and household counts have grown in recent years, and WDSuite data points to continued household expansion alongside smaller average household sizes. For multifamily, that combination typically enlarges the renter pool and supports occupancy stability, particularly for well-managed, functional units at accessible price points.
Neighborhood-level crime metrics are not available in WDSuite for this location at this time. Investors should benchmark safety using city and metro trend sources and emphasize standard property-level practices (lighting, access control, and community standards) while comparing performance to similar inner-suburb Bakersfield submarkets.
Built in 1978, the property is newer than the neighborhood’s older housing stock, offering a competitive edge versus mid-century assets while still leaving room for targeted system upgrades and interior refreshes. Neighborhood occupancy trends sit near the metro median and have improved over five years, signaling resilient renter demand at attainable rents. According to commercial real estate analysis from WDSuite, the area’s high share of renter-occupied housing supports a durable tenant base that can underpin steady leasing.
Local fundamentals lean workforce-driven: grocery access is strong relative to the metro, restaurants are competitive, and homeownership costs are comparatively accessible in the area, which can create some competition with entry-level ownership but also supports resident retention for well-positioned rental product. Demographic data aggregated within 3 miles shows growth in population and households, which typically expands the renter pool and supports occupancy stability for practical, well-managed units.
- 1978 vintage provides a competitive edge over older stock, with targeted upgrades offering value-add potential.
- Neighborhood occupancy near the metro median with multi-year improvement supports leasing durability.
- High renter-occupied share indicates a deep tenant base for workforce-oriented units.
- 3-mile population and household growth expand the renter pool, reinforcing absorption potential.
- Risks: below-median amenities and weaker school ratings may limit premium positioning; accessible ownership options can compete with entry-level rents.