| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 26th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5400 Planz Rd, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1987 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5400 Planz Rd, Bakersfield Multifamily Investment
This 62-unit asset benefits from steady neighborhood occupancy and a renter base supported by Inner Suburb fundamentals, according to WDSuite s CRE market data. The location offers durable demand drivers with room for value-add positioning as the submarket evolves.
Located in an Inner Suburb pocket of Bakersfield, the property sits in a neighborhood with occupancy levels above the metro median, supporting income stability and leasing velocity. Median asking rents in the area are competitive among Bakersfield neighborhoods, while the rent-to-income profile suggests manageable affordability pressure that can aid retention without overextending tenants.
Local retail and services are limited within the immediate neighborhood footprint, with very low counts of grocers, cafes, restaurants, parks, and pharmacies. For investors, this typically points to more car-oriented living patterns and the potential for on-site amenities or convenience-focused upgrades to differentiate versus older stock nearby.
The housing stock in the neighborhood skews older than the subject, with an average vintage from the 1970s. Built in 1987, the asset is newer than much of its competitive set, which can enhance positioning; however, systems and common areas may still benefit from targeted modernization to support rent growth and leasing traction.
Demographic statistics aggregated within a 3-mile radius show population growth over the past five years and a projected increase through the next cycle, alongside rising household incomes and a larger family presence. These trends expand the tenant base and support multifamily demand, particularly for well-managed, mid-size properties. School ratings in the neighborhood test below national medians, which may tilt demand toward workforce and value-oriented renters rather than school-driven moves.
Neighborhood safety indicators sit below the national median but near the middle of the pack locally, based on CRE market data from WDSuite. Property-related incidents are around national midrange, while violent-offense measures track somewhat weaker than national norms; recent year-over-year trends indicate some uptick. Investors should underwrite with prudent security plans and lighting/camera enhancements to support resident satisfaction and retention.
Built in 1987, the property is positioned newer than much of the area s 1970s-era stock, creating a practical pathway for value-add through common-area refreshes and in-unit updates. Neighborhood occupancy runs above the metro median and, according to CRE market data from WDSuite, median rents remain competitive for Bakersfield s Inner Suburbs factors that can support stable collections with disciplined rent management.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, with incomes trending higher all supportive of a larger tenant base and steady leasing. Local retail and park access are limited, so on-site amenities and operational execution are likely to be the key differentiators. Safety benchmarks are below national medians, warranting conservative underwriting and property-level improvements to sustain retention.
- Above-metro occupancy supports income stability and leasing continuity
- 1987 vintage offers relative competitiveness versus older neighborhood stock with value-add potential
- 3-mile population and income growth expand the renter pool and support demand
- Limited nearby amenities create opportunity for on-site enhancements to drive retention
- Risk: safety metrics below national medians underwrite for security upgrades and prudent operations