| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
811 Beardsley Ave Bakersfield Multifamily Investment
Neighborhood occupancy is roughly in line with the metro and a high renter concentration supports a durable tenant base, according to WDSuite’s CRE market data. This positions a 32-unit asset to compete on value and retention in a workforce housing pocket of Bakersfield.
Livability trends point to everyday convenience rather than lifestyle draws. Grocery access is a relative strength for the neighborhood (competitive within Bakersfield and above metro median), while parks, pharmacies, cafes, and childcare are limited. For investors, that mix typically caters to cost-conscious renters and workforce households rather than amenity-driven demand.
The local housing stock skews older (average construction year 1959 across the neighborhood), while the subject property was built in 1979. Newer relative vintage can enhance leasing competitiveness versus mid-century assets, though investors should plan for ongoing system upgrades and targeted renovations to support rent positioning.
Multifamily demand indicators are mixed but serviceable. Neighborhood occupancy trends sit near national medians, and renter-occupied housing units account for a large share of the local stock (high national percentile), suggesting depth in the tenant pool. Median contract rents in the neighborhood are on the low side for the metro, helping with lease-up velocity, while a rent-to-income ratio near 30% implies some affordability pressure that calls for disciplined renewal and loss-to-lease management.
Within a 3-mile radius, population and household counts have grown over the past five years and are projected to continue increasing. Forecasts also show a modest decline in average household size, which typically expands the renter pool and supports occupancy stability. Rising incomes and projected rent growth in the 3-mile area point to incremental pricing power over time, though lease management will matter given the neighborhood’s workforce profile.
School ratings in the neighborhood trend below national averages, which may tilt the resident base toward singles, couples, and workforce households rather than families prioritizing top-rated districts. Home values are lower relative to many California submarkets, which can introduce some competition from ownership; however, ownership costs still leave room for sustained reliance on rental housing in this part of the metro.
Comprehensive crime metrics for this neighborhood are not available in WDSuite at this time. Investors typically benchmark site-level experience against Bakersfield-wide trends and nearby submarkets, using property management logs and local public safety sources to gauge on-the-ground conditions and any directional shifts.
The 1979-vintage, 32-unit asset at 811 Beardsley Ave aligns with workforce housing demand in a neighborhood where renter-occupied housing is prevalent and occupancy trends are near metro norms. Based on CRE market data from WDSuite, the surrounding area offers practical amenities—particularly grocery access—while limited discretionary amenities and weaker school ratings skew demand toward value-oriented renters.
Within a 3-mile radius, recent population and household growth—and projections for continued increases alongside gradually rising incomes—support a larger tenant base and steady leasing. The property’s relatively newer vintage versus much of the neighborhood creates a platform for targeted renovations to drive rent positioning, while mindful lease management can mitigate affordability pressure and retention risk.
- Renter-heavy neighborhood supports tenant depth and occupancy stability.
- 1979 vintage offers value-add potential versus older local stock.
- 3-mile population and household growth expand the renter pool over time.
- Practical amenity mix (notably grocery access) aligns with workforce demand.
- Risks: affordability pressure, limited lifestyle amenities, and below-average school ratings may require tighter renewal strategy and competitive pricing.