| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 10th | Poor |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Albany St, Delano, CA, 93215, US |
| Region / Metro | Delano |
| Year of Construction | 1999 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Albany St, Delano CA Multifamily Investment
Stabilized neighborhood occupancy and a solid renter base point to durable leasing for this 80-unit, 1999-vintage asset, according to WDSuite’s CRE market data.
Located in Delano’s inner-suburban fabric within the Bakersfield metro, the neighborhood posts a C+ rating and an occupancy level measured for the neighborhood at 93.7%, suggesting steady demand relative to national norms (63rd percentile), based on CRE market data from WDSuite. Renter-occupied housing accounts for 56.2% of units, indicating a deep tenant pool that supports leasing continuity for multifamily operators.
Daily-needs access is serviceable: grocery and pharmacy availability rank competitively among 247 Bakersfield neighborhoods, while restaurants score in the upper tier nationally. Cafés, parks, and childcare are thinner nearby, which may modestly affect lifestyle appeal but does not materially change workforce housing fundamentals.
Within a 3-mile radius, population edged higher over the last five years, households grew faster than population, and average household size trended lower. Forward-looking estimates indicate additional population growth and a larger household count, which generally expands the renter pool and supports occupancy stability.
Home values sit in a higher-cost ownership context versus local incomes (value-to-income ratio in a high national percentile). This tends to reinforce reliance on rental housing and can aid lease retention, while the neighborhood’s rent-to-income levels appear manageable, supporting collections and pricing discipline.
Safety signals are mixed and should be evaluated in context. Relative to Bakersfield metro peers, the neighborhood’s overall crime rank places it in a higher-incident cohort (21st among 247 neighborhoods). At the same time, national percentiles indicate comparatively safer positioning for both property and violent offenses, with property crime in the top percentile range nationally and violent crime in the top quintile. Recent trends also show a sharp year-over-year decline in estimated property offenses, while violent-offense estimates increased; investors should underwrite with these divergent trends in mind rather than relying on a single snapshot.
The broader regional employment base includes industrial and manufacturing employers that can support workforce renter demand and commute-driven leasing. Notable nearby employer:
- International Paper — paper & packaging (38.1 miles)
Built in 1999, this 80-unit property is newer than much of the surrounding housing stock (1970 average), providing competitive positioning versus older assets while leaving room for targeted modernization to enhance performance. Neighborhood-level occupancy at 93.7% and a 56.2% renter-occupied housing share point to a stable tenant base, and home values relative to incomes suggest a high-cost ownership market that can sustain rental demand and retention, according to CRE market data from WDSuite.
Within a 3-mile radius, recent population growth, an increase in households, and smaller average household sizes point to a gradually expanding renter pool. Amenities skew toward daily needs (grocery, pharmacy, restaurants), supporting livability, while thinner park and café coverage and mixed safety signals warrant prudent underwriting and operational focus.
- 1999 vintage offers competitive positioning versus older neighborhood stock, with value-add potential via selective upgrades.
- Neighborhood occupancy (93.7%) and strong renter concentration (56.2%) support leasing stability and demand depth.
- 3-mile radius shows population and household growth with smaller household sizes, expanding the tenant base over time.
- Daily-needs amenities (grocery, pharmacy, restaurants) bolster livability and retention potential.
- Risks: mixed safety trends, thinner parks/cafés nearby, and execution risk on renovations warrant conservative assumptions.