| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 42nd | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 730 James Rd, Bakersfield, CA, 93308, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1983 |
| Units | 48 |
| Transaction Date | 2006-08-29 |
| Transaction Price | $3,600,000 |
| Buyer | TYNI MATT |
| Seller | CRESTVIEW NORTH APARTMENTS LLC |
730 James Rd Bakersfield Multifamily Investment Opportunity
Neighborhood occupancy trends are in the upper half nationally and roughly mid-pack within Bakersfield, according to WDSuite’s CRE market data, suggesting steady renter demand for a well-positioned 48-unit asset. The property’s 1983 vintage offers potential to compete against older local stock with targeted updates.
This C-rated, rural neighborhood in Bakersfield exhibits stable housing dynamics, with occupancy in the upper half of neighborhoods nationwide and roughly middle of the pack among 247 Bakersfield neighborhoods. Local amenity density is limited (few cafés, grocery, parks, or restaurants within the immediate area), so residents typically rely on broader Bakersfield for retail and services—an important consideration for positioning and tenant experience.
Tenure patterns point to a meaningful renter base: within a 3-mile radius, an estimated 62.7% of housing units are renter-occupied, indicating depth for multifamily leasing and renewal activity. At the neighborhood level, the rent-to-income profile sits near the lower half nationally, which can help support retention if lease management stays attentive to affordability pressure.
Demographics aggregated within 3 miles show population growth over the last five years, with additional growth expected by 2028. Households also increased and are projected to continue rising as average household size trends slightly lower—factors that typically expand the renter pool and support occupancy stability for workforce-oriented apartments.
Home values in the neighborhood are comparatively modest in dollar terms but high relative to local incomes (value-to-income ratio in a high national percentile). In practice, a high-cost ownership market for local incomes can reinforce reliance on rental housing, supporting leasing depth and pricing power when units are well maintained.
Vintage context: the average neighborhood construction year skews late-1970s. A 1983 asset can be relatively competitive against older stock, while still benefiting from targeted modernization (exteriors, interiors, building systems) to improve positioning and reduce near-term capital surprises.
Comparable, neighborhood-level safety data sufficient for ranking or national percentile comparisons is not available in WDSuite for this location. Investors typically benchmark property-level security practices and recent trend reports against broader Bakersfield metrics to contextualize resident experience and potential insurance or operating cost impacts.
Major employers with verified distances were not available in WDSuite for this address. Investors often evaluate commute access to Bakersfield’s employment corridors to gauge leasing resilience and renewal potential.
730 James Rd brings 48 units with 838 sq. ft. average sizes to a Bakersfield neighborhood that shows mid-range local occupancy and upper-half national standing, supporting a case for steady leasing. The 1983 construction provides a platform to outperform older nearby stock with focused value-add, while neighborhood-level rent-to-income dynamics suggest room for disciplined revenue management. According to CRE market data from WDSuite, home values remain elevated relative to local incomes, which tends to sustain renter reliance on multifamily housing.
Within a 3-mile radius, population and household counts have grown and are projected to rise further, implying a larger tenant base over the medium term. Limited immediate amenity density points to a practical, car-oriented renter profile, making on-site functionality and operational consistency important levers for retention.
- Occupancy stands in the upper half nationally, supporting stable leasing conditions.
- 1983 vintage offers value-add and systems modernization potential versus older local stock.
- High ownership costs relative to incomes reinforce renter demand and renewal prospects.
- 3-mile population and household growth expand the renter pool, aiding occupancy stability.
- Risk: Limited nearby amenities and car-oriented living may constrain lifestyle-driven rent premiums.