| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 12th | Poor |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Fairfax Rd, Bakersfield, CA, 93306, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1982 |
| Units | 85 |
| Transaction Date | 2004-05-03 |
| Transaction Price | $5,500,000 |
| Buyer | PIONEER PRESERVATION LIMITED PARTNERSHIP |
| Seller | GGB INVESTMENTS LP |
600 Fairfax Rd, Bakersfield CA Multifamily Investment
Neighborhood-level occupancy is steady and renter concentration is high, supporting day-one tenant depth according to WDSuite’s CRE market data. Pricing sits near national midpoints, which can aid lease retention while still allowing disciplined revenue management.
Located in Bakersfield’s inner-suburb east side, the area around 600 Fairfax Rd shows above-median neighborhood occupancy at the neighborhood level and a high share of renter-occupied housing units. For investors, that points to a sizable tenant base and potential stability in lease-ups, while still requiring active management to sustain collections and renewal rates.
Livability is mixed but serviceable for workforce renters. Grocery, pharmacy, and park access trend stronger than many neighborhoods nationally, while sit-down cafes and formal childcare options are thinner in the immediate area. School ratings track below national norms, which may shape tenant mix toward value-oriented households.
Within a 3-mile radius, recent population growth and a rise in households indicate a larger renter pool, and forecasts suggest households continue to expand even if population growth moderates—implying smaller household sizes and steady demand for rental housing. Median contract rents in the neighborhood sit near national midpoints, while rent-to-income levels suggest manageable affordability pressure, supporting retention though limiting outsized immediate pricing power.
Home values in the neighborhood are modest by national standards, and the value-to-income relationship indicates a high-cost ownership market relative to local incomes in several peer areas. That dynamic tends to sustain reliance on multifamily rentals and can support occupancy durability and leasing velocity when paired with competitive product and professional operations.
Safety trends are around metro mid-pack compared with Bakersfield’s 247 neighborhoods, based on WDSuite’s data. The area sits roughly near the national middle for overall and violent incidents, with recent year-over-year declines in violent offenses indicating incremental improvement. Property crime compares closer to the lower half nationally, so prudent security measures and lighting policies remain relevant to protect operations and tenant experience.
Built in 1982, the asset is newer than much of the local housing stock, which can offer a competitive edge versus older comparables while still warranting targeted system updates or value-add modernization. At the neighborhood level, occupancy trends are above the national median and renter concentration is high, signaling depth in the tenant base. According to CRE market data from WDSuite, local rents sit near national midpoints, balancing retention with measured pricing power.
Within 3 miles, recent growth in households and a broader working-age population support ongoing multifamily demand, even as school quality and amenity mix point to a workforce-oriented renter profile. Homeownership remains relatively less accessible for many households, which helps sustain demand for rentals and can underpin leasing stability with the right operating strategy.
- Neighborhood-level occupancy above national median supports leasing stability
- 1982 vintage offers competitive position versus older stock with selective capex
- 3-mile household growth expands the renter pool and supports demand
- Rents near national midpoints aid retention while allowing disciplined revenue management
- Risks: below-average school ratings, thinner cafe/childcare amenities, and mid-pack safety require proactive management