| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 10th | Poor |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Belmont St, Delano, CA, 93215, US |
| Region / Metro | Delano |
| Year of Construction | 2007 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Belmont St, Delano CA Multifamily Investment
Neighborhood occupancy trends and a high renter concentration point to steady tenant demand, according to WDSuite’s CRE market data. Built in 2007, the asset’s newer vintage offers competitive positioning versus older local stock.
Located in Delano within the Bakersfield, CA metro, the neighborhood shows above national median occupancy conditions (neighborhood occupancy is measured for the neighborhood, not this property), supporting baseline stability for multifamily assets. The area’s renter-occupied share ranks 45 out of 247 Bakersfield neighborhoods, indicating a high renter concentration that deepens the tenant pool and can aid leasing resilience.
Within a 3-mile radius, demographics indicate recent population and household growth with additional expansion projected, pointing to a larger tenant base over the next several years. Household sizes have begun to trend smaller in forecasts, which can support absorption of a range of unit types without relying on oversized floor plans.
Amenity access is practical: restaurant density performs well versus national benchmarks, with grocery and pharmacy access also competitive, while parks, cafes, and childcare are limited. For investors, that mix suggests everyday convenience for residents but fewer discretionary lifestyle amenities, which can be offset through on-site features and targeted property programming.
Home values sit near the national midpoint but the neighborhood’s value-to-income ratio places it in a higher national percentile, signaling a high-cost ownership market relative to local incomes. That dynamic tends to reinforce reliance on rental housing, supporting tenant retention and pricing power when managed alongside rent-to-income considerations.
Safety indicators are mixed and should be monitored. Compared with neighborhoods nationwide, overall crime metrics trend favorable (higher national percentiles indicate safer conditions), yet the neighborhood’s metro rank (21 out of 247 Bakersfield neighborhoods, where lower ranks indicate more crime) suggests incident levels that are higher than many local peers.
By offense type, recent data show property incidents improving materially year over year, while violent incidents have ticked up over the same period. For investors, this points to the importance of proactive security measures and resident engagement, alongside continued tracking of neighborhood trends rather than block-level assumptions.
Regional employment is anchored by industrial and manufacturing employers that broaden the renter base through steady hourly and skilled roles. Notable nearby example:
- International Paper — paper & packaging manufacturing (38.0 miles)
This 70-unit property, built in 2007, competes well against older neighborhood stock (average vintage 1970), offering relative durability and potential for targeted modernization rather than full-scale repositioning. Neighborhood fundamentals show above-median occupancy and a high share of renter-occupied units, supporting depth of demand and day-one leasing stability. According to CRE market data from WDSuite, ownership remains comparatively expensive relative to incomes in this area, which tends to sustain renter reliance on multifamily housing and can support pricing power when balanced with rent-to-income management.
Within a 3-mile radius, recent population and household growth with further expansion projected point to a larger tenant base and support for occupancy stability. Amenity access is adequate for daily needs (restaurants, groceries, pharmacies), though limited in parks and cafes—an underwriting consideration that can be mitigated through on-site offerings and operational focus.
- 2007 vintage provides competitive positioning and manageable modernization scope
- Neighborhood occupancy above national median supports baseline stability
- High renter-occupied share indicates deeper tenant pool and leasing resilience
- Ownership costs vs. income reinforce rental demand and potential pricing power
- Risks: mixed safety signals locally and limited lifestyle amenities require active management