| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 26th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5801 Ming Ave, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1976 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5801 Ming Ave, Bakersfield CA Multifamily Investment
Neighborhood occupancy is stable and above the metro median, supporting steady renter demand, according to WDSuite’s CRE market data. Pricing sits in a middle-income corridor for Bakersfield, which can aid lease retention when managed with disciplined renewals.
This inner-suburban Bakersfield location offers working-household access with a neighborhood occupancy rate of 95.2% (neighborhood metric, not the property), which is above the metro median among 247 neighborhoods based on WDSuite’s data. Median contract rents in the neighborhood trend in the mid-range for the metro, helping maintain a broad renter pool while preserving room for disciplined revenue management.
Amenity density within the neighborhood ranks near the bottom of Bakersfield’s 247 neighborhoods, so residents typically rely on broader city access for groceries, parks, and services. For investors, this places more emphasis on on-site features and unit finishes to support leasing velocity and renewals.
Within a 3-mile radius, demographic indicators show modest population growth over the last five years and a forecasted increase in households, signaling continued renter pool expansion and support for occupancy stability. About half of housing units in this 3-mile area are renter-occupied, indicating a meaningful tenant base for multifamily assets.
Home values in the neighborhood sit near the metro midpoint and below many coastal markets, which can create some competition from ownership options. Rent-to-income levels are moderate locally, suggesting manageable affordability pressure and the need for attentive lease management rather than aggressive across-the-board increases. Average school ratings are below the national median, which may modestly temper demand from family renters seeking top-rated districts, but value-oriented positioning can still capture steady interest.
Safety trends for the neighborhood are below the national median and sit below the metro average among 247 Bakersfield neighborhoods, per WDSuite’s benchmarks. Recent data indicates year-over-year upticks in both property and violent offenses at the neighborhood level; investors typically plan for lighting, access controls, and partnership with local patrol resources to support resident comfort and retention.
With 76 units, this asset offers scale for professional management in a Bakersfield inner-suburb where neighborhood occupancy is above the metro median and median rents sit mid-pack, according to CRE market data from WDSuite. The area’s 3-mile radius shows population growth and a projected increase in households, supporting a larger tenant base and long-run leasing stability.
Positioning should focus on value relative to nearby ownership options and on-site convenience, given limited neighborhood amenity density. Affordability appears manageable for local incomes, favoring steady renewals when paired with selective upgrades and pragmatic rent setting; key risks include softer school ratings and safety metrics that warrant proactive property operations.
- Neighborhood occupancy above metro median supports revenue durability
- 76-unit scale enables operational efficiency and professional management
- 3-mile area shows growing households, expanding the renter base
- Value-forward positioning can compete with accessible ownership options
- Risks: limited neighborhood amenities, below-median school ratings, and safety requiring active management