| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 36th | Good |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9811 Rosedale Hwy, Bakersfield, CA, 93312, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1986 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9811 Rosedale Hwy Bakersfield Multifamily Investment
This 22-unit property in an A- rated neighborhood shows strong NOI performance ranking first among 247 metro neighborhoods, according to CRE market data from WDSuite.
The property sits in an A- rated inner suburb neighborhood that ranks 53rd among 247 Bakersfield metro neighborhoods. Built in 1986, this vintage aligns with the neighborhood average construction year of 1979, indicating established housing stock that may present value-add renovation opportunities for investors focused on capital improvements.
Neighborhood-level occupancy stands at 93.2%, with 37.1% of housing units occupied by renters - a solid rental share ranking in the 77th percentile nationally. Median contract rents of $1,436 place the area in the top quartile locally, while demographic data within a 3-mile radius shows a median household income of $110,884 supporting rental demand.
The area benefits from strong restaurant density at 9.87 per square mile, ranking 22nd metro-wide and 90th percentile nationally for dining amenities. However, investors should note limited park and cafe availability, both ranking last among metro neighborhoods. Home values averaging $393,972 with a 5.2 value-to-income ratio may sustain rental demand by keeping ownership costs elevated relative to renting options.
Population projections within the 3-mile radius indicate continued growth from 73,355 residents to 77,473 by 2028, representing a 5.6% increase that supports expanding renter pools. Forecast household growth of 42.3% suggests significant household formation that could drive multifamily demand, though investors should monitor this substantial projected increase for market absorption capacity.
Safety metrics show the neighborhood ranking 157th among 247 Bakersfield metro neighborhoods for overall crime, placing it in the 35th percentile nationally. Property offense rates of 210.7 per 100,000 residents rank 91st metro-wide, indicating moderate property crime levels compared to regional averages.
Violent crime rates remain relatively contained at 31.8 per 100,000 residents, ranking 132nd among metro neighborhoods and 51st percentile nationally. However, investors should note recent increases in both property and violent crime rates over the past year, with property offenses up 46.5% and violent offenses increasing 142.4%, trends that warrant monitoring for potential impacts on tenant retention and property management.
Employment data for major anchor employers near this location is not currently available in our database. Investors should conduct independent research on local employment centers and commute patterns to assess workforce housing demand drivers.
This 22-unit property in Bakersfield's A- rated inner suburb presents compelling fundamentals driven by exceptional NOI performance and stable occupancy metrics. The neighborhood's first-place ranking for NOI per unit among 247 metro areas, combined with 93.2% occupancy rates, suggests strong operational efficiency and tenant demand. Built in 1986, the property's vintage aligns with neighborhood norms while potentially offering value-add opportunities through strategic renovations and unit improvements.
Demographic projections within the 3-mile radius support long-term rental demand, with population growth of 5.6% and substantial household formation projected through 2028. The area's elevated home values and 5.2 value-to-income ratio reinforce rental demand by maintaining ownership cost barriers. However, recent increases in crime rates and limited amenity infrastructure require careful consideration in underwriting and property management strategies.
- Exceptional NOI performance ranking first among 247 metro neighborhoods
- Strong neighborhood occupancy at 93.2% with solid rental unit share
- Projected population and household growth supporting rental demand
- Value-add potential from 1986 vintage allowing strategic improvements
- Monitor recent crime rate increases and limited amenity access for tenant retention impacts