| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 14th | Poor |
| Amenities | 11th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 68 E White Ln, Bakersfield, CA, 93307, US |
| Region / Metro | Bakersfield |
| Year of Construction | 2011 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
68 E White Ln Bakersfield 24-Unit Multifamily (2011)
Neighborhood occupancy trends sit above the metro median, according to WDSuite’s CRE market data, and the 2011 vintage positions the asset competitively versus older local stock while still allowing room for selective upgrades.
This inner-suburb location in Bakersfield offers practical renter appeal more than lifestyle frills. Restaurants are comparatively accessible for the area, while cafes, parks, and daily-needs retail are thinner nearby. For family renters, the average school rating skews below the national midpoint, a consideration for unit mix and marketing strategy.
For investors, the key fundamentals center on occupancy and tenant depth. The neighborhood s occupancy rate is competitive among Bakersfield neighborhoods and tracks above the metro median, based on CRE market data from WDSuite. Renter-occupied housing comprises a sizable share of units (neighborhood tenure), supporting a stable multifamily tenant base and predictable leasing velocity. Median rent levels relative to incomes indicate manageable affordability pressure, which can support retention and reduce turnover risk.
Within a 3-mile radius, recent years show modest population growth and a small increase in households, with projections pointing to continued gains through the current forecast window. This implies a gradually expanding renter pool that can support occupancy stability and steady absorption, even if rent growth remains disciplined.
Ownership costs in the surrounding area are relatively elevated versus local incomes, reinforcing reliance on rental housing and helping sustain demand for attainable units. For positioning, the property s 2011 construction is newer than much of the neighborhood s older housing stock (average vintage 1950s), which can enhance competitiveness while leaving room for value-add improvements to common areas and in-unit finishes over time.
Safety metrics for the neighborhood generally align near the metro median and around the national middle. According to WDSuite s CRE market data, recent year-over-year trends indicate an improvement in violent incident rates, while property-related offenses remain a monitoring item. For underwriting, this points to conditions that are comparable to many Bakersfield submarkets, with continued attention warranted to on-site lighting, access control, and resident engagement.
This 24-unit asset at 68 E White Ln benefits from a renter-driven submarket where neighborhood occupancy trends are above the metro median and renter concentration supports depth of demand. The 2011 vintage is competitive versus the area s older housing stock, offering a functional base with potential mid-life enhancements to drive rent premiums. Within a 3-mile radius, population growth and an increase in households point to a gradually expanding tenant base, supporting occupancy stability and steady leasing.
Home ownership remains relatively costly versus local incomes, reinforcing multifamily as a practical option; meanwhile, rent levels relative to income signal manageable affordability pressure for many renters, aiding retention. According to commercial real estate analysis from WDSuite, local amenities are uneven and school quality trends below national averages, which argues for careful unit-mix strategy, service quality, and value-focused renovations to differentiate.
- Neighborhood occupancy above metro median supports leasing stability
- 2011 construction offers competitive positioning with selective value-add upside
- 3-mile radius shows growing renter base, aiding absorption and retention
- Elevated ownership costs sustain reliance on rentals and demand depth
- Risk: uneven amenities and lower school ratings require focused asset management