| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 29th | Fair |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2108 Jasmine St, Delano, CA, 93215, US |
| Region / Metro | Delano |
| Year of Construction | 1981 |
| Units | 90 |
| Transaction Date | 2014-06-06 |
| Transaction Price | $2,208,500 |
| Buyer | CH VALLEY VIEW PARTNERS LP |
| Seller | VALLEY VIEW ASSOCIATES |
2108 Jasmine St, Delano CA Multifamily Investment
Neighborhood occupancy remains high with stable renter demand, according to WDSuite’s CRE market data, supporting a durable income profile relative to broader Bakersfield trends.
Situated in Delano’s inner-suburban fabric of the Bakersfield, CA metro, the neighborhood carries a B rating and ranks 107 out of 247 metro neighborhoods, placing it above the metro median for overall fundamentals. Neighborhood occupancy is 97.3% and in the top quartile nationally, indicating resilient demand for rental housing at the neighborhood level rather than for any single property.
Daily needs are convenient: grocery access ranks 19 of 247 locally, and cafe density ranks 23 of 247 — both competitive among Bakersfield neighborhoods — while restaurant options are moderately represented. However, nearby parks, pharmacies, and childcare facilities are limited in the immediate area, a livability consideration for some tenants.
Schools average 3.0 out of 5 and rank 17 of 247 locally (above the national median by percentile), offering an additional draw for family renters compared with many peer neighborhoods in the metro. Median contract rents in the neighborhood sit near the metro middle, and rent-to-income ratios are measured below national pressure points, which can aid retention and reduce turnover risk for stabilized assets.
Renter concentration in the neighborhood is measured at roughly one-third of housing units being renter-occupied, signaling a workable base of multifamily demand without oversaturation. Within a 3-mile radius, demographics from WDSuite show population and household growth over the past five years, with households up and average household sizes trending slightly lower — dynamics that typically expand the renter pool and support occupancy stability.
Home values in the neighborhood are in a moderate range for California, and the value-to-income profile is above the national median. In practice, this high-cost ownership context for many households tends to sustain reliance on rental housing, supporting pricing power for well-maintained, appropriately positioned multifamily assets.
Neighborhood-level safety data for this location are limited in the current WDSuite release, so investors should compare local trends with Bakersfield metro benchmarks and recent municipal reporting. Use a comparative lens — neighborhood versus metro — and focus on direction of change and consistency over time rather than single-year point estimates.
Given the absence of recent rank and percentile detail, prudent underwriting may incorporate conservative assumptions, on-the-ground observations, and property-level measures (lighting, access control, and visibility) that can influence perceived safety and resident retention.
The employment base is anchored by regional industrial and logistics users within commuting range, which can support workforce housing demand and leasing stability. Nearby, International Paper provides manufacturing-oriented jobs that align with tenant profiles common to this submarket.
- International Paper — manufacturing (36.1 miles)
Built in 1981, the property is newer than the neighborhood’s average vintage, offering competitive positioning versus older stock while still warranting selective modernization of systems and interiors for long-term durability. At the neighborhood level, occupancy is strong and in the top quartile nationally, and renter-occupied share around one-third suggests a stable but not saturated tenant base. According to CRE market data from WDSuite, rents and home values track near metro midpoints, and a moderate rent-to-income profile supports lease retention for well-managed assets.
Within a 3-mile radius, population and household counts have been rising, with forecasts indicating continued growth and slightly smaller household sizes — trends that typically expand the renter pool and support steady absorption. Amenity access is practical for daily needs (notably groceries and cafes) though limited park and pharmacy options nearby are a consideration in positioning and resident services.
- 1981 vintage offers a competitive starting point versus older local stock, with clear value-add pathways in modernization.
- Neighborhood occupancy sits in the national top quartile, reinforcing income stability potential relative to metro peers.
- Renter concentration near one-third and moderate rent-to-income dynamics support retention and steady leasing.
- 3-mile population and household growth indicate a larger tenant base and ongoing demand for rental units.
- Risks: limited nearby parks/pharmacies, older systems typical of 1980s assets, and sensitivity to regional employment cycles.