| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 42nd | Good |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7400 N Laurelglen Blvd, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1986 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7400 N Laurelglen Blvd Bakersfield Multifamily Investment
This 45-unit property in Bakersfield's Inner Suburb neighborhood benefits from neighborhood-level occupancy at 100%, well above national norms, according to CRE market data from WDSuite, while demographic projections show a 12% population increase within three miles over the next five years.
7400 N Laurelglen Blvd is located in an Inner Suburb neighborhood rated B+ among 247 neighborhoods in the Bakersfield metro. The property was constructed in 1986, slightly newer than the neighborhood average of 1982, which may reduce near-term capital expenditure relative to older stock in the immediate area. Neighborhood-level occupancy stands at 100%, ranking first among all Bakersfield neighborhoods and placing in the 100th percentile nationally—a signal of exceptional absorption and tenant retention in this submarket.
Within a three-mile radius, the population totals approximately 107,500 and is projected to grow by 12% through 2028, adding roughly 12,800 residents. Household count is forecast to increase by 43.5%, reflecting both demographic growth and housing unit expansion. Median household income currently stands at $84,314, up 24% over the past five years, and is expected to reach $106,115 by 2028—an additional 26% gain. These trends suggest a strengthening renter pool with improved affordability capacity.
Renter-occupied units represent 42% of the housing tenure mix within the three-mile radius, providing a stable base of rental demand. Median contract rent is $1,275, ranking in the 65th percentile nationally among neighborhoods, with five-year growth of 17%. Forward projections anticipate rents reaching $1,764 by 2028, a 38% increase that reflects both income growth and sustained demand. The neighborhood's rent-to-income ratio ranks in the 45th percentile nationally, indicating moderate affordability pressure that supports lease retention without significant turnover risk.
Home values in the neighborhood are elevated relative to income, with a median of $366,170 and a value-to-income ratio ranking in the 70th percentile nationally. Higher ownership costs limit accessibility to homeownership and reinforce reliance on rental housing, which sustains multifamily demand. Amenity density is mixed: childcare facilities rank in the 98th percentile nationally, a strength for family-oriented tenants, while grocery stores, cafes, parks, and pharmacies are less concentrated. Restaurant density ranks in the 63rd percentile nationally, offering moderate dining options. Average school ratings sit at 2.0 out of 5, placing the neighborhood in the 37th percentile nationally—a consideration for family tenants weighing education quality.
Safety metrics for this neighborhood reflect moderate performance relative to the Bakersfield metro and national benchmarks. The property crime rate is estimated at 315 incidents per 100,000 residents, ranking 129th among 247 Bakersfield neighborhoods and placing in the 47th percentile nationally. Violent crime is estimated at 38 incidents per 100,000 residents, ranking 151st in the metro and also in the 47th percentile nationally. Both categories are near national medians, indicating neither a significant advantage nor a pronounced concern compared to peer neighborhoods.
Year-over-year trends show increases in both property crime (up 59%) and violent crime (up 221%), ranking in the 18th and 7th percentiles nationally for crime rate changes, respectively. These upward movements warrant attention in underwriting and lease management, though absolute rates remain moderate. Investors should monitor local law enforcement activity and consider how crime trends may influence tenant retention and insurance costs over the hold period.
Employer data with verified distances is not available for this property. Bakersfield's economy is anchored by energy, agriculture, healthcare, and logistics sectors, which collectively support workforce housing demand in the metro. Investors should conduct independent research on major employers and commute patterns relevant to this submarket.
The investment case for 7400 N Laurelglen Blvd centers on exceptional neighborhood-level occupancy, robust demographic growth, and rising income fundamentals within the three-mile radius. Neighborhood occupancy of 100% ranks first among 247 Bakersfield neighborhoods and in the 100th percentile nationally, reflecting strong absorption and tenant retention. Population is projected to grow 12% and household count by 43.5% through 2028, expanding the renter pool and supporting sustained demand. Median household income has increased 24% over the past five years and is forecast to grow another 26% by 2028, enhancing affordability and pricing power. Median contract rent of $1,275 has grown 17% historically and is projected to reach $1,764 by 2028, a 38% increase that aligns with income growth and reflects durable rental demand.
The property's 1986 vintage is slightly newer than the neighborhood average, which may reduce near-term capital expenditure relative to older stock. Elevated home values (median $366,170) and a value-to-income ratio in the 70th percentile nationally reinforce reliance on rental housing, limiting ownership competition. Renter-occupied units represent 42% of housing tenure, providing a stable tenant base. Amenity density is mixed, with childcare ranking in the 98th percentile nationally but grocery, cafe, park, and pharmacy access ranking lower. Average school ratings of 2.0 out of 5 (37th percentile nationally) may limit appeal to education-focused families. Recent increases in property crime (up 59% year-over-year) and violent crime (up 221%) rank in the lower quartiles nationally for crime rate changes and warrant monitoring for potential impacts on tenant retention and insurance costs.
- Neighborhood occupancy at 100% ranks first in the metro and 100th percentile nationally, signaling exceptional absorption and tenant retention
- Population projected to grow 12% and households by 43.5% through 2028, expanding the renter pool and supporting sustained demand
- Median household income forecast to reach $106,115 by 2028 (26% increase), enhancing affordability and rent growth potential; median rent projected at $1,764 (38% increase)
- Elevated home values and value-to-income ratio (70th percentile nationally) reinforce reliance on rental housing and limit ownership competition
- Recent increases in property crime (up 59%) and violent crime (up 221%) rank in lower quartiles nationally for crime rate changes, warranting monitoring for retention and insurance impacts