| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 18th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6000 White Ln, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1981 |
| Units | 60 |
| Transaction Date | 2025-02-06 |
| Transaction Price | $20,000,000 |
| Buyer | SUNDANCE APARTMENTS LP |
| Seller | SUNDANCE APARTMENTS ASSOCIATES |
6000 White Ln Bakersfield 60-Unit Multifamily
Positioned in an inner-suburban pocket with steady renter demand and above-metro-median neighborhood occupancy, this asset offers durable leasing fundamentals, according to WDSuite s CRE market data.
The property sits in an Inner Suburb neighborhood rated A- within the Bakersfield metro. Amenity access is a relative strength: neighborhood counts for groceries, restaurants, and cafes score in the top quartile nationally, with the area also competitive among Bakersfield neighborhoods (247 total) for parks. This mix supports daily convenience and helps sustain leasing interest.
Neighborhood occupancy trends are above the metro median (out of 247 neighborhoods) and in the upper-third nationally, pointing to stable renter demand rather than volatility. Renter concentration is also strong and ranks in the top quartile nationwide, which typically indicates a deeper tenant base for multifamily operators.
Home values sit modestly above national midpoints while value-to-income metrics trend in higher national percentiles, suggesting a relatively high-cost ownership market for the area; in practice, that can reinforce reliance on rental housing and support lease retention. At the same time, local median contract rents trend around the national mid-range, and rent-to-income ratios skew toward lower national percentiles an investor-positive signal for affordability management and renewal stability.
Within a 3-mile radius, population and households have grown over the past five years, with forecasts calling for additional household expansion. This growth paired with a slight projected decrease in average household size suggests a larger, more rental-reliant tenant pool over time. School ratings in the neighborhood trend below national medians, which may shape unit-mix preferences and marketing, but does not negate the workforce housing dynamic supported by amenity access and renter depth. These dynamics are grounded in WDSuite s commercial real estate analysis.
Safety indicators for the neighborhood trend below national medians, with national percentiles for both property and violent offenses falling under the midpoint. Relative to Bakersfield s 247 neighborhoods, the area does not rank among the metro s safer clusters. Recent year estimates also point to some volatility in reported offense rates. Investors typically interpret this profile as a factor to underwrite through security design, lighting, and partnership with professional management rather than a disqualifier, and should benchmark against comparable inner-suburban submarkets.
Built in 1981, the 60-unit property offers a straightforward value-add and capital-planning profile: systems and finishes may be candidates for modernization, while the neighborhood s above-metro-median occupancy and strong renter concentration support ongoing demand. Amenity density (groceries, restaurants, cafes, parks) is a clear local advantage, and ownership costs in the area trend elevated relative to incomes, which can bolster reliance on rentals and leasing durability. According to CRE market data from WDSuite, the neighborhood trends toward stable occupancy with affordability headroom that can aid retention and reduce turnover risk.
Within a 3-mile radius, recent population and household growth, alongside forecasts for further household expansion, point to a larger tenant base over time. While school ratings and below-median safety indicators warrant conservative underwriting and thoughtful operations, the combination of renter depth, convenience amenities, and competitive neighborhood standing within the metro underpins a credible long-term hold or renovate-to-core thesis.
- Above-metro-median neighborhood occupancy supports leasing stability
- Strong renter concentration indicates deeper tenant pool and resilient demand
- Amenity-rich location (groceries, restaurants, cafes, parks) enhances livability and retention
- 1981 vintage presents value-add potential and targeted system upgrades
- Risks: below-median safety and school ratings require proactive management and conservative underwriting