| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Poor |
| Demographics | 11th | Poor |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 811 Beardsley Ave, Bakersfield, CA, 93308, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1979 |
| Units | 32 |
| Transaction Date | 2017-03-21 |
| Transaction Price | $2,000,000 |
| Buyer | SPM PROPERTIES LLC |
| Seller | CLAYTOR MARSHALL C |
811 Beardsley Ave Bakersfield 32-Unit Multifamily Investment
Renter-occupied housing is prevalent in this Bakersfield neighborhood, supporting a deeper tenant base and steady occupancy, according to WDSuite’s CRE market data. Positioning focuses on durable cash flow at attainable rents rather than premium finishes.
Livability is anchored by convenient everyday retail: neighborhood grocery access is competitive versus many areas nationally, while cafes, parks, childcare, and pharmacies are limited locally. For investors, this mix favors workforce demand and price-sensitive renters over lifestyle-driven premiums.
The neighborhood’s occupancy is around typical levels for the metro and has trended upward over the past five years, which can support leasing stability. Renter concentration is high (share of housing units that are renter-occupied), indicating a larger tenant pool and potential depth for mid-market product.
Within a 3-mile radius, population and household counts have grown in recent years, with projections calling for additional population growth and a modest reduction in household size. This combination points to a larger renter pool and supports occupancy stability for well-managed assets.
Home values in the area sit below many California markets, which can introduce some competition from entry-level ownership. At the same time, rent-to-income ratios near 30% signal affordability pressure for some households, suggesting prudent lease management and renewal strategies to sustain retention and pricing.
School quality indicators trend lower than national averages; investors should calibrate unit mix, finishes, and amenities toward cost-conscious households rather than family-driven school preferences. Compared with the metro’s older housing stock, this asset’s vintage offers a relative competitive edge while still leaving room for targeted upgrades.
Detailed crime statistics for this neighborhood are not available in the dataset provided. Investors should benchmark safety using multiple sources and compare trends at the neighborhood and city levels to understand how conditions align with tenant expectations and property operations.
Built in 1979, this 32-unit asset is newer than much of the surrounding housing stock, which can enhance competitiveness versus older properties while leaving room for value-add and systems modernization. High renter concentration in the neighborhood supports a deeper tenant base, and occupancy has moved upward over the past five years, pointing to resilient day-to-day leasing. Based on CRE market data from WDSuite, local grocery access is a relative strength, while limited parks and cafes suggest demand skews toward practical, workforce housing.
Within a 3-mile radius, recent growth in population and households—and expectations for further expansion—supports renter pool expansion and occupancy stability. Balanced against these positives, below-median home values can introduce ownership competition, and rent-to-income near 30% indicates affordability pressure that warrants disciplined renewals and expense control.
- 1979 vintage offers competitive positioning versus older stock with targeted renovation upside.
- High renter concentration provides depth of demand for mid-market units.
- Neighborhood occupancy has trended up, supporting leasing stability.
- Everyday retail access (notably groceries) aligns with workforce renter needs.
- Risks: affordability pressure and some competition from entry-level ownership call for careful lease and expense management.