| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 10th | Poor |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 5th Ave, Delano, CA, 93215, US |
| Region / Metro | Delano |
| Year of Construction | 1987 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1300 5th Ave Delano Multifamily Value-Add Opportunity
Neighborhood occupancy has remained firm, supporting stable renter demand according to WDSuite’s CRE market data, while a balanced renter concentration suggests a deep tenant base for small-unit layouts.
Located in Delano’s Inner Suburb (neighborhood rating: B-), the area shows occupancy strength that is competitive among Bakersfield neighborhoods and sits in the upper tier nationally, signaling stable leasing conditions at the neighborhood level—not the property itself—based on WDSuite’s data. Renter-occupied housing accounts for a meaningful share of units, indicating depth in the tenant pool and potential demand durability for multifamily.
Amenity access is mixed: grocery stores, pharmacies, and parks are available at levels above the metro median, while cafes and childcare are limited. For investors, that combination typically supports day‑to‑day convenience but may cap premium lifestyle positioning, which should be reflected in underwriting and renovation scopes informed by multifamily property research.
Home values in the neighborhood point to a high‑cost ownership market relative to local incomes (value‑to‑income ratio ranks in a stronger national percentile), which tends to reinforce reliance on rental options and can aid lease retention. At the same time, rent-to-income levels suggest manageable affordability pressure, offering room for measured rent optimization with disciplined renewal management.
Within a 3‑mile radius, demographics indicate recent population and household growth, with forecasts calling for additional expansion and a gradual reduction in average household size. For multifamily investors, that implies a larger tenant base over time and steady demand for smaller formats, supporting occupancy stability and consistent leasing.
The property’s 1987 vintage is newer than the neighborhood’s average building age, which can improve competitive positioning versus older stock; however, investors should plan for targeted modernization and systems updates to meet contemporary renter expectations.
Neighborhood‑level crime statistics were not available in WDSuite for this location. Investors commonly benchmark safety using city and county trend data alongside on‑site observations and insurance quotes to contextualize risk. Use a consistent framework—comparing this neighborhood to Bakersfield and Kern County trends—when assessing exposure over a full hold period.
Regional employment is supported by industrial and corporate operations that help underpin workforce housing demand; nearby, International Paper provides manufacturing and distribution employment that can feed leasing and retention.
- International Paper — packaging and manufacturing (37.6 miles)
This 76‑unit asset, built in 1987, is relatively newer than the surrounding housing stock, positioning it well against older comparables while still offering value‑add potential through selective upgrades. At the neighborhood level, occupancy performance is competitive within the Bakersfield metro and above national norms, supporting a case for stable cash flow, according to CRE market data from WDSuite.
Within a 3‑mile radius, population and household counts have expanded and are projected to continue growing, which points to a larger tenant base and supports leasing velocity. Ownership remains comparatively costly relative to incomes, which tends to sustain demand for rentals; at the same time, rent‑to‑income levels suggest room for disciplined pricing without materially elevating retention risk if managed carefully.
- Competitive neighborhood occupancy supports income stability versus metro peers
- 1987 vintage offers relative competitiveness with actionable renovation upside
- 3‑mile population and household growth expand the renter pool and leasing depth
- High‑cost ownership context reinforces reliance on rentals and lease retention
- Risks: thinner cafe/childcare amenities and distance to major employers may temper premium positioning