| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 14th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 4th St, Bakersfield, CA, 93304, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1983 |
| Units | 79 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
900 4th St Bakersfield Multifamily With Deep Renter Base
Neighborhood occupancy near 95.8% points to steady leasing conditions and durable renter demand, according to WDSuite’s CRE market data. Positioning within an Inner Suburb of Bakersfield supports workforce housing needs with room for value-focused management.
Located at 900 4th St in Bakersfield’s Inner Suburb fabric, the property sits in a renter-heavy neighborhood where roughly 83% of housing units are renter-occupied. For investors, that depth of renter concentration supports a larger tenant base and helps stabilize occupancy across cycles. Neighborhood occupancy ranks 81 out of 247, which is competitive among Bakersfield neighborhoods, and aligns with observed leasing resilience for comparable multifamily assets.
The asset’s 1983 vintage is newer than the neighborhood’s average construction year of 1960. Newer stock typically competes well against older buildings in terms of layouts and systems; however, investors should still plan for targeted modernization and lifecycle replacements to maintain positioning versus renovated comps.
Amenity access is mixed. Restaurant density ranks 51 out of 247, placing the area in the top quartile among metro neighborhoods, while immediate neighborhood-serving retail such as groceries, pharmacies, parks, cafés, and childcare is limited within the immediate blocks. This pattern suggests everyday conveniences may require short drives, which is common for Inner Suburb locations in Bakersfield.
Within a 3-mile radius, population and household counts have grown modestly in recent years, and forecasts point to additional increases by 2028. Population growth, an expanding household base, and a slightly smaller average household size collectively indicate more renters entering the market, supporting occupancy stability and ongoing leasing velocity. Elevated value-to-income ratios in the neighborhood (high relative to incomes on a national percentile basis) suggest a high-cost ownership environment locally, which can reinforce reliance on rental housing and support pricing power when balanced with affordability management.
Rents in the neighborhood benchmark toward the lower half of national distributions while the rent-to-income ratio trends higher, underscoring some affordability pressure. For investors, this mix can still translate to consistent demand provided renewal strategies, rent steps, and utility recoveries are calibrated to retention and collections risk.
Safety indicators trend below national norms, with the neighborhood positioned in lower national percentiles for both property and violent offenses. Within the Bakersfield metro, safety ranks are below the median (crime rank 219 out of 247), indicating comparatively higher reported incidents than many peer neighborhoods. Recent year-over-year readings show upward movement in both property and violent offense estimates, so investors should underwrite for enhanced onsite security, lighting, access control, and resident engagement.
Contextually, many Inner Suburb areas with strong renter concentrations can exhibit similar patterns, and operators often mitigate exposure through proactive management and partnerships with local public safety resources. Framing these dynamics in underwriting and insurance assumptions is prudent.
This 79-unit, 1983-vintage asset benefits from a renter-centric location with competitive neighborhood occupancy and a growing 3-mile household base that supports a stable tenant pipeline. Elevated value-to-income levels versus national benchmarks indicate a high-cost ownership market relative to local incomes, which can sustain multifamily demand when paired with thoughtful rent setting and renewal strategies. Based on CRE market data from WDSuite, neighborhood occupancy trends remain above many Bakersfield submarkets, positioning the asset for consistent leasing while modernization can further differentiate it against older local stock.
Investor focus should include calibrating affordability to retention (given higher rent-to-income ratios), addressing safety through property operations, and planning targeted capex to keep the 1983 systems current. With disciplined management, the mix of renter demand depth and neighborhood occupancy competitiveness can support durable cash flow while value-add improvements capture incremental upside.
- Renter-heavy neighborhood supports a large tenant base and occupancy stability.
- 1983 vintage offers value-add potential through targeted renovations and system upgrades.
- High-cost ownership context reinforces reliance on rentals, supporting pricing power with careful lease management.
- Competitive neighborhood occupancy, per WDSuite data, underpins consistent leasing performance.
- Risks: below-median safety indicators and affordability pressure require proactive operations and underwriting discipline.