| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 12th | Poor |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6608 Guinness Way, Bakersfield, CA, 93306, US |
| Region / Metro | Bakersfield |
| Year of Construction | 2012 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6608 Guinness Way, Bakersfield CA Multifamily Investment
2012 vintage, 64-unit asset in an inner-suburban Bakersfield neighborhood where occupancy is above the metro median and renter-occupied housing is competitive among local subareas, according to WDSuite s CRE market data. The location supports steady tenant demand and day-to-day convenience without downtown pricing.
The property sits in an Inner Suburb setting with a B- neighborhood rating, positioning it for workforce housing demand and practical access to daily needs. Neighborhood occupancy is above the metro median (rank 115 of 247), a positive indicator for leasing stability. Renter-occupied housing accounts for a competitive share of units locally (rank 61 of 247), which signals a deep tenant base for multifamily operators.
Amenity access is balanced: grocery, pharmacy, and park density perform well versus national benchmarks (around the 75th to high-70s percentiles), while cafes and childcare options are thinner. For investors, this mix supports daily convenience for residents while keeping expectations grounded around lifestyle amenities. Average school ratings in the neighborhood are below national medians, which may require thoughtful positioning to families and value-conscious renters.
The neighborhood s average construction year is 1972, and this asset s 2012 delivery provides a newer option relative to nearby stock. That positioning typically improves curb appeal and operating competitiveness versus older properties, while still warranting routine capital planning for systems and unit refreshes over a longer hold.
Within a 3-mile radius, recent population growth and rising household counts indicate a larger tenant base, and forecasts point to additional household growth alongside smaller average household sizes over the next five years. This trend supports ongoing demand for rental units and can aid occupancy stability. Median home values in the neighborhood are lower than many U.S. areas, suggesting some competition from ownership, but the value-to-income context and rent-to-income ratios point to sustained reliance on rental housing for a meaningful share of residents.
Neighborhood safety indicators are mixed relative to Bakersfield and national patterns. The neighborhood s crime rank is 111 out of 247 Bakersfield neighborhoods, placing it near the metro middle. Nationally, violent incidents track close to the median, while property-related offenses sit below national medians, indicating more exposure on the property-crime side than violent crime.
Trend-wise, violent incidents have decreased year over year, reflecting improving conditions compared with many neighborhoods nationwide. Investors should account for typical suburban risk management practices lighting, access controls, and coordination with local resources to support resident retention and protect NOI.
This 64-unit, 2012-built asset offers relative competitiveness versus a neighborhood average vintage from the early 1970s, helping positioning against older stock while maintaining routine capex disciplines. Occupancy in the surrounding neighborhood sits above the metro median and renter-occupied housing is competitive among Bakersfield neighborhoods, supporting depth of demand and leasing stability. According to CRE market data from WDSuite, these fundamentals, paired with steady grocery/pharmacy/park access and a practical Inner Suburb location, favor durable operations for a mid-size multifamily asset.
Within a 3-mile radius, recent population growth and rising household counts expand the tenant base, and forecasts show further household gains with smaller average household sizes both supportive of multifamily demand and lease-up velocity. Lower neighborhood home values compared to many U.S. areas can introduce some competition from entry-level ownership, but they also sustain renter reliance and can aid retention when managed with disciplined rent-to-income oversight. Operators should also plan around below-average school ratings and monitor property-crime exposure as part of standard risk management.
- 2012 vintage vs. older neighborhood stock supports competitive positioning with moderated near-term capex
- Above-metro neighborhood occupancy and competitive renter concentration underpin demand stability
- 3-mile radius shows population and household growth, expanding the renter pool and supporting occupancy
- Practical amenity mix (groceries, pharmacies, parks) aligns with workforce housing needs
- Risks: below-average school ratings and property-crime exposure require active management and resident experience focus