| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 52nd | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6700 White Ln, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1984 |
| Units | 59 |
| Transaction Date | 2003-04-28 |
| Transaction Price | $550,000 |
| Buyer | LAURELWOOD OAK INVESTORS |
| Seller | JENSEN STEVEN H |
6700 White Ln Bakersfield Multifamily Investment
Inner-suburb location with park and daily-needs access supports steady renter demand, and neighborhood occupancy trends sit modestly above national norms, according to WDSuite’s CRE market data.
Located in an Inner Suburb of Bakersfield, the property benefits from a neighborhood rated A and ranked 21 out of 247 within the metro—competitive among Bakersfield neighborhoods for overall livability and fundamentals. Grocery and dining access are strengths (both above metro median), while pharmacies, cafés, and childcare are thinner locally; investors should underwrite some reliance on nearby corridors for certain services.
Parks are a standout feature, with the neighborhood in the top quartile nationally for park access. Restaurant density is also strong relative to national benchmarks, supporting lifestyle appeal for renters. Amenity breadth overall is above the metro median (rank 67 of 247), suggesting balanced convenience even if certain categories are limited.
Tenure patterns indicate a high share of renter-occupied housing in the neighborhood by national comparison, which generally points to a deeper tenant base and supports leasing stability for multifamily. At the same time, neighborhood occupancy is above the national median, indicating demand resiliency without signaling a tightness that would constrain leasing.
Within a 3-mile radius, demographic trends show population and household growth over the past five years with additional gains forecast, implying a larger tenant base over time. Rising median incomes in the 3-mile area, alongside increases in families and households, support rent growth potential while helping manage retention risk. Elevated home values relative to incomes in the neighborhood context reinforce reliance on multifamily, whereas rent-to-income levels appear manageable by national standards—factors that can aid lease retention and pricing discipline.
Safety indicators for the neighborhood trend below the metro median (crime rank 177 out of 247), placing it weaker than many Bakersfield subareas and below the national median based on percentile comparisons. This context suggests investors should budget for standard security measures and emphasize property-level operations to support resident comfort.
Recent year-over-year estimates show an uptick in both property and violent offenses locally. While neighborhood crime conditions can vary by block and over time, prudent underwriting would include monitoring trend direction, partnering with local policing initiatives, and leveraging lighting, access control, and resident engagement to support leasing stability.
This 59-unit, inner-suburban Bakersfield asset is positioned for durable renter demand supported by above-median neighborhood occupancy and a high renter concentration relative to national benchmarks. According to CRE market data from WDSuite, the surrounding neighborhood combines strong park access with solid grocery and restaurant availability, helping sustain lifestyle appeal without relying on destination retail. Elevated home values relative to incomes reinforce renter reliance on multifamily housing, while rent-to-income levels look manageable in a national context—supportive of retention and consistent leasing.
Within a 3-mile radius, population and household counts have expanded and are projected to continue growing, pointing to a larger tenant base and support for long-term occupancy. Investors should note that pharmacies, cafés, and childcare are limited nearby and that safety metrics trail the metro median; thoughtful operations and targeted capital planning can mitigate these risks while the location’s fundamentals underpin steady performance.
- Above-median neighborhood occupancy and high renter concentration support leasing stability.
- Strong park access and solid grocery/restaurant availability enhance renter appeal.
- 3-mile population and household growth expand the tenant base over time.
- Ownership costs elevated relative to incomes reinforce multifamily demand and pricing power.
- Risks: safety metrics below metro median and limited certain amenities; plan for security and convenience-focused operations.