| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 25th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5250 Belle Ter, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1977 |
| Units | 29 |
| Transaction Date | 2021-05-23 |
| Transaction Price | $2,750,000 |
| Buyer | BTS HOLDING LLC |
| Seller | M AND O REAL ESTATE HOLDINGS LLC |
5250 Belle Ter, Bakersfield CA — 29-Unit Multifamily
Neighborhood-level renter concentration and above-median occupancy indicate steady tenant demand near 5250 Belle Ter, according to WDSuite’s CRE market data.
This Inner Suburb pocket of Bakersfield rates B+ and is competitive among Bakersfield neighborhoods (66 of 247), signaling solid fundamentals for workforce-oriented rentals. Neighborhood metrics cited here reflect the surrounding area, not the property’s own performance.
Daily needs are well served: neighborhood grocery access ranks 9th of 247 locally and sits in the top quartile nationally, with restaurants also testing in a high national percentile. Parks and pharmacies track above typical U.S. levels. Cafés and childcare are thinner nearby, which may modestly limit lifestyle convenience compared with denser urban cores.
Neighborhood occupancy is above the metro median (93.5%), supporting income stability for well-managed assets. Renter concentration is elevated in the neighborhood (74%+ of housing units renter-occupied; top percentile nationally), which expands the local tenant base and can aid leasing velocity for smaller-unit properties like a 29-unit asset.
Within a 3-mile radius, population and households have inched up recently and are projected to expand further over the next five years, pointing to a gradual renter pool expansion that can support occupancy and renewal rates. Home values in the neighborhood are lower than coastal California norms and near national mid-range levels, which can introduce some competition from entry-level ownership; however, rent-to-income levels suggest manageable affordability pressure, supporting retention and measured pricing power.
Neighborhood safety indicators track below national averages, with crime measures landing in lower national percentiles and ranking in the weaker tier among 247 Bakersfield neighborhoods. Recent year-over-year trends show volatility, so prudent operators often budget for lighting, access control, and partnership with local patrols to support resident experience.
For investors, this translates to hands-on management and targeted capital for safety-oriented improvements, balanced against the area’s renter demand and convenience to daily-needs retail.
The 29-unit scale and efficient average unit size position 5250 Belle Ter to serve a broad renter base in a neighborhood that is competitive within the Bakersfield metro. Neighborhood occupancy trends sit above the metro median, and elevated renter concentration supports depth of demand and renewal potential. According to CRE market data from WDSuite, nearby amenities are notably strong for groceries, restaurants, parks, and pharmacies, offering daily convenience that can reinforce leasing.
Within a 3-mile radius, modest recent increases in population and households—alongside forecast growth—suggest a gradually expanding renter pool that can support steady occupancy. Ownership costs are relatively accessible for the region, which may introduce some competition from entry-level buying; even so, rent-to-income levels indicate manageable affordability pressure, supporting retention and disciplined rent management. Key risks include below-average school ratings, limited café/childcare options, and safety metrics that require proactive on-site operations.
- Above-median neighborhood occupancy supports income stability
- High renter-occupied share expands the local tenant base
- Strong daily-needs access (groceries, restaurants, parks, pharmacies) aids leasing
- 3-mile population and household growth point to renter pool expansion
- Risks: weaker safety metrics and school ratings; limited café/childcare require hands-on management