| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 30th | Fair |
| Amenities | 10th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6301 Tudor Way, Bakersfield, CA, 93306, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1987 |
| Units | 112 |
| Transaction Date | 2018-08-21 |
| Transaction Price | $10,200,000 |
| Buyer | 6100 TUDOR PARTNERS LLC |
| Seller | CANYON CREEK ASSOCIATES LP |
6301 Tudor Way, Bakersfield Multifamily Investment
Occupancy in the surrounding neighborhood ranks among the strongest in the Bakersfield metro, supporting stable renter demand for a 1987-vintage, 112-unit asset, according to WDSuite’s CRE market data.
The property sits in a suburban Bakersfield neighborhood with occupancy performance in the top quartile among 247 metro neighborhoods, a positive signal for leasing durability and cash flow resilience. Median asking rents in the area trend above national norms while remaining in line with local incomes, which can support retention without overreliance on concessions.
Within a 3-mile radius, demographic data show modest population growth and a projected increase in households by 2028, pointing to a gradually expanding tenant base. Household incomes have risen over the past five years, and contract rents are forecast to grow, both supportive of long-run rental demand. Taken together, these dynamics suggest demand depth that can help sustain occupancy through cycles.
Home values in the neighborhood sit on the higher side relative to income benchmarks for Bakersfield (a high-cost ownership market locally), which tends to reinforce reliance on multifamily housing and supports pricing power when paired with measured rent-to-income levels. The neighborhood’s renter concentration is lower than urban cores but broadens meaningfully at the 3-mile radius, offering a wider catchment for leasing.
Amenity density is limited locally (below the metro median among 247 Bakersfield neighborhoods), and schools rate below national medians; on-site features, unit renovations, and convenient access routes will matter for competitiveness. The 1987 construction is slightly newer than the neighborhood’s average vintage, offering a base that is competitive versus older stock while still warranting targeted capital planning for aging systems and value-add repositioning. These observations reflect commercial real estate analysis grounded in WDSuite’s datasets.
Safety indicators are mixed and should be underwritten with recent trend data. Compared with other Bakersfield areas, the neighborhood sits roughly around the metro middle for overall crime (mid-pack among 247 neighborhoods). Nationally, violent offense readings track above the median for safety, while property crime trends are closer to the national middle, according to WDSuite’s CRE market data.
Recent reporting points to a year-over-year increase in estimated property offenses, so prudent operators may consider lighting, access controls, and resident engagement to support retention and minimize non-revenue loss. As always, align security measures with observed site conditions and insurer guidance rather than block-level assumptions.
This 112-unit, 1987-vintage asset benefits from neighborhood occupancy that ranks in the top quartile among 247 Bakersfield neighborhoods, indicating resilient demand and reduced downtime risk. The submarket’s ownership costs are relatively elevated for the metro, which supports multifamily reliance and pricing power when balanced against measured rent-to-income levels. According to CRE market data from WDSuite, local rent benchmarks sit above national norms while aligning with the area’s income profile, supporting steady absorption and renewal potential.
Amenity density and school ratings trail metro leaders, but the slightly newer-than-average vintage provides a platform for focused value-add initiatives and system upgrades to sharpen competitive positioning. Forward-looking 3-mile demographics indicate household growth and rising incomes, which can expand the renter pool and support occupancy stability over the hold.
- Occupancy strength in the top quartile among 247 Bakersfield neighborhoods supports leasing durability
- Elevated local ownership costs reinforce renter reliance and pricing power for quality product
- 1987 vintage offers value-add and targeted capital planning opportunities to enhance returns
- Risks: limited nearby amenities, lower school ratings, and recent property-crime uptick warrant active management