| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 49th | Good |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8001 Westfield Rd, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1983 |
| Units | 64 |
| Transaction Date | 2016-07-11 |
| Transaction Price | $5,700,000 |
| Buyer | GSF QUAILWOOD INVESTORS LP |
| Seller | VINTAGE MARINA PARTNERS LP |
8001 Westfield Rd, Bakersfield CA Multifamily Investment
Neighborhood occupancy runs high and renter demand is deep, according to WDSuite s CRE market data, positioning this 64-unit asset for stable leasing in Bakersfield s inner-suburban corridor.
Located in an Inner Suburb of Bakersfield, the property benefits from strong neighborhood fundamentals: the area s apartment occupancy is 99.2% (neighborhood-level, not property), and renter-occupied units account for an estimated 60.3% of housing stock. For investors, that points to a sizable tenant base and supports lease-up and retention strategies in typical market conditions.
Amenities skew favorable for day-to-day livability: cafes and parks density rank among the better parts of the metro (competitive among Bakersfield neighborhoods, 247 total), while grocery and pharmacy access is comparatively thinner. Average school ratings trend just above the national median, which can help with family renter appeal.
Within a 3-mile radius, demographics indicate modest recent population growth with larger households, and projections show additional population and household gains over the next five years. That forward growth suggests a larger tenant base and potential support for occupancy stability and renewal rates. Median contract rents in the neighborhood sit in the upper half nationally, and rent-to-income metrics remain manageable, aiding collections and resident retention.
Home values are above the national median for similar neighborhoods, and value-to-income levels reflect a high-cost ownership market for many households. In practice, that tends to reinforce reliance on multifamily rentals and can support pricing power where product quality and unit mix align with local demand, based on commercial real estate analysis from WDSuite.
Safety trends are mixed. The neighborhood s overall crime standing is below the metro median (ranked 169 among 247 Bakersfield neighborhoods), and it sits below the national median for safety (around the 32nd percentile nationwide). Property offense levels track close to the national midpoint, while recent year-over-year changes in violent offense rates have been elevated, warranting ongoing monitoring.
For investors, the takeaways are practical: budget for standard security measures, maintain good lighting and access control, and underwrite with conservative assumptions for loss-to-lease and turnover in line with submarket norms. Conditions can vary block to block, so on-the-ground diligence and engagement with local property management remain important.
This 64-unit property s neighborhood shows durable rental fundamentals: high occupancy at the neighborhood level (99.2%) and a strong renter concentration (about 60% of units renter-occupied) indicate depth of demand and support for stable cash flow. Built in 1983, the asset is slightly older than the neighborhood average vintage, which can present value-add opportunities through selective renovations and systems upgrades to sharpen competitive positioning.
According to CRE market data from WDSuite, nearby amenities and schools are competitive in the metro, and ownership costs are relatively high versus incomes, which sustains reliance on rentals and can aid pricing power for well-managed properties. Demographic indicators within a 3-mile radius show recent and projected growth in population and households, pointing to a larger tenant pool and support for occupancy stability over the medium term.
- Neighborhood occupancy is strong and renter-occupied share is high, supporting leasing stability.
- 1983 vintage allows for targeted value-add to capture rent premiums versus older stock.
- Amenity access (parks, cafes) and school ratings are competitive among Bakersfield neighborhoods.
- Ownership costs remain elevated relative to incomes, reinforcing reliance on multifamily rentals.
- Risk: Safety metrics trail metro averages; plan for security, conservative turnover, and asset-hardening spend.