| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 26th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5023 Appleblossom Dr, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1979 |
| Units | 34 |
| Transaction Date | 2013-11-21 |
| Transaction Price | $1,692,500 |
| Buyer | FAMILY LODGING INVESTMENT PROPERTIES LLC |
| Seller | OPULENT INVESTMENT LLC |
5023 Appleblossom Dr, Bakersfield CA Multifamily Investment
Neighborhood occupancy trends remain healthy and above many U.S. areas, supporting steady leasing potential according to WDSuite s CRE market data. Strength is driven by inner-suburban fundamentals and a broad local renter base rather than premium amenity density.
This Inner Suburb location in Bakersfield carries a C- neighborhood rating and ranks 218 out of 247 metro neighborhoods, placing it below the metro median for overall performance. Even so, neighborhood occupancy is competitive versus many U.S. areas and has held in a solid range, which helps underpin cash flow durability for workforce-oriented assets.
Amenity density within the immediate neighborhood is limited (few on-neighborhood grocery, parks, and retail options), so residents typically rely on nearby corridors for daily needs. For investors, that means marketing should emphasize drive-time access and value positioning over walkability.
The renter concentration in the neighborhood is about one-third of housing units being renter-occupied, indicating a moderate but not deep renter pool. This typically supports leasing stability for well-managed properties while requiring thoughtful tenant retention programs to sustain occupancy.
Within a 3-mile radius, population and households have grown over the last five years and are projected to continue increasing, expanding the tenant base and supporting occupancy stability. Median contract rents are mid-market for Bakersfield, and a rent-to-income profile around the neighborhood s figures suggests manageable affordability pressure helpful for retention, though pricing power should be calibrated to value.
Ownership costs in this area are relatively accessible compared with higher-cost California markets. That landscape can introduce some competition from entry-level ownership, but it also supports renter retention when professionally managed communities deliver convenience and consistent operations.
Vintage context: the property built in 1979 is slightly newer than the neighborhood s average construction year. That positioning can be competitive versus older stock, while still warranting targeted modernization and systems updates to meet current renter expectations.
Safety indicators for the neighborhood sit below the metro median and track closer to the middle of national comparisons, according to WDSuite s CRE market data. In practical terms, this is a mixed profile: not among the metro s strongest safety performers, yet broadly comparable to many U.S. neighborhoods.
Property and violent offense measures have shown some recent variability. Investors typically address this by emphasizing lighting, access control, and resident screening, and by aligning property operations with local enforcement and community programs. Relative to 247 Bakersfield metro neighborhoods, the area s crime ranking sits in the lower half, so asset plans should incorporate prudent security measures and stakeholder communication.
The location draws from Bakersfield s diversified employment base and regional commute sheds, which helps support workforce housing demand and resident retention through cycle shifts.
5023 Appleblossom Dr offers a straightforward workforce housing play: neighborhood occupancy trends are solid relative to many U.S. areas, the 3-mile trade area shows ongoing population and household growth, and the asset s late-1970s vintage can compete well with older stock when paired with selective upgrades. According to CRE market data from WDSuite, local rent levels and rent-to-income dynamics support steady retention if pricing is managed to value and operations are consistent.
Balanced against these strengths, the immediate neighborhood has limited on-block amenities and a safety profile below the metro median, making asset management and resident experience programs important to sustain leasing momentum. Entry-level ownership remains relatively accessible in this market, so positioning and amenity improvements should focus on convenience, responsiveness, and cost certainty to differentiate versus ownership alternatives.
- Healthy neighborhood occupancy versus many U.S. areas supports cash flow stability
- 3-mile trade area shows population and household growth, expanding the renter base
- 1979 vintage can compete with older stock; targeted renovations can lift positioning
- Mid-market rents and manageable rent-to-income dynamics favor retention with value-driven pricing
- Risks: limited immediate amenities, safety metrics below metro median, and competition from entry-level ownership