| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 42nd | Good |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7107 Ming Ave, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1984 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7107 Ming Ave Bakersfield 60-Unit Multifamily Investment
Neighborhood occupancy sits at the top of the Bakersfield metro and is in the top quartile nationally, signaling durable renter demand according to WDSuite s CRE market data. Pricing power should remain disciplined given moderate rent-to-income dynamics and a stable workforce tenant base.
This Inner Suburb location offers steady multifamily fundamentals. Neighborhood occupancy ranks first among 247 Bakersfield neighborhoods and is in the top quartile nationally, a constructive signal for leasing stability and retention based on WDSuite s CRE market data. Median contract rents are mid-market for the metro, which supports absorption without relying on outsized concessions.
Amenities are mixed: restaurants index above the metro median, while grocery, parks, pharmacies, and cafes are thinner within the immediate blocks. Residents typically rely on nearby arterials for daily needs, which still supports workforce housing appeal but may modestly extend trip times.
Tenure patterns show a moderate renter concentration, with roughly one-third of neighborhood housing units renter-occupied. That depth, alongside a broadening 3-mile tenant pool, underpins demand for mid-priced units and helps sustain occupancy through cycles.
Within a 3-mile radius, recent population and household growth have been positive and are projected to continue, pointing to a larger tenant base by 2028. Rising household incomes in the same radius, coupled with elevated ownership costs relative to incomes locally, tend to reinforce reliance on rental housing supporting lease retention and measured rent growth rather than rapid spikes.
Average school ratings in the area trend below national norms. For investors this argues for positioning toward value, reliable operations, and practical amenities that resonate with families and working households.
Safety indicators are mixed relative to broader benchmarks. The neighborhood tracks below the national average for safety (around the 30th percentile nationwide), suggesting investors should account for prudent security measures and lighting as part of operations. Recent year-over-year data also indicates an uptick in both property and violent offense rates; monitoring trend direction at the neighborhood level and coordinating with local resources can help manage perception and retention risk.
7107 Ming Ave benefits from metro-leading neighborhood occupancy and a tenant base supported by steady household formation within 3 miles. Moderate rent levels and a balanced rent-to-income profile support lease retention, while a high-cost ownership backdrop for the area sustains reliance on rentals. According to commercial real estate analysis from WDSuite, these dynamics point to durable demand with room for operational improvements rather than dependence on aggressive rent growth.
Positioning the asset around practical amenities, security, and efficient operations should align with local renter preferences. Amenity gaps in the immediate blocks and below-average school ratings argue for disciplined expense control and targeted upgrades that improve day-to-day livability and retention.
- Metro-leading neighborhood occupancy supports leasing stability and retention.
- Moderate rent-to-income dynamics indicate manageable affordability pressure and pricing headroom.
- Elevated ownership costs locally reinforce reliance on multifamily rentals and reduce move-outs to purchase.
- 3-mile population and household growth expand the renter pool, supporting absorption.
- Risks: amenity gaps nearby, below national-average school ratings, and safety volatility warrant prudent capex and property management focus.