| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 28th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 430 20th Ave, Delano, CA, 93215, US |
| Region / Metro | Delano |
| Year of Construction | 2010 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
430 20th Ave Delano Multifamily Investment Opportunity
Neighborhood occupancy is strong and the property’s 2010 vintage positions it competitively versus older local stock, according to WDSuite’s CRE market data. This points to steady renter demand in Delano with potential for durable income performance.
Rated A and ranked 33 out of 247 within the Bakersfield metro, the neighborhood sits in the top quartile among metro peers. High neighborhood occupancy of 98.1% underscores stability for multifamily assets, while the renter-occupied share at the neighborhood level is 26.8%, indicating a deeper base of owner-occupied housing that can still support rentals with prudent leasing strategy.
Amenity access is mixed. Grocery density ranks 2 out of 247 and is in the 99th percentile nationally, with cafés (rank 10; 91st percentile) and childcare options (rank 5; 96th percentile) adding daily convenience. Parks and pharmacies are limited locally (both ranked 247), suggesting residents rely on nearby areas for certain services—an operational consideration for tenant retention and marketing.
Within a 3-mile radius, population has grown in recent years and is projected to continue expanding by 2028, alongside an increase in households and a modest reduction in average household size. These trends point to a larger tenant base and incremental renter pool expansion, which can support occupancy and lease-up resilience.
Ownership costs are comparatively high relative to incomes (value-to-income rank 4 in the metro; 98th percentile nationally), which can reinforce reliance on multifamily housing. Median home values sit below many California coastal markets, yet the local value-to-income relationship suggests that rental housing remains a practical option for many households—supporting demand depth and pricing power for well-maintained units.
Safety indicators compare favorably at the national level, with the neighborhood in a high national percentile for lower crime. However, within the Bakersfield metro, the crime rank of 22 out of 247 indicates more reported incidents than many local peers, so underwriters may weight local comps carefully.
Recent year-over-year trends show improvement, with estimated violent and property offense rates declining. For investors, the combination of nationally competitive standing and improving directionality supports tenant retention and leasing stability, while still warranting routine risk management and property-level security measures consistent with area norms.
Regional employment includes industrial and manufacturing operations that draw a commuting workforce, supporting renter demand through steady hourly and salaried jobs. The listing below reflects the nearest identified corporate presence relevant to the submarket.
- International Paper — paper & packaging (36.3 miles)
430 20th Ave is a 70-unit, 2010-vintage asset in a neighborhood that ranks in the metro’s top quartile and exhibits high occupancy. The newer construction relative to the 1969 neighborhood average positions the property as competitive versus older product, which can support rent attainment and reduce near-term capital expenditure exposure, while still allowing for targeted value-add to common areas and systems as they age.
Demand fundamentals are supported by population growth and an increase in households within a 3-mile radius, alongside nationally strong grocery, café, and childcare access that enhances livability. Elevated ownership costs relative to incomes locally reinforce reliance on rental housing, and neighborhood occupancy of 98.1% points to leasing durability. According to CRE market data from WDSuite, these factors compare favorably with broader Bakersfield trends and suggest stable performance potential with measured upside.
- 2010 vintage offers competitive positioning versus older local stock with manageable near-term capex needs
- High neighborhood occupancy (98.1%) supports income stability and lease retention
- 3-mile population and household growth expand the tenant base and bolster renter demand
- Strong daily amenities (grocery, cafés, childcare) enhance livability and reduce turnover risk
- Risks: limited parks/pharmacies and below-average school ratings; crime ranks higher than several local peers—underwrite to submarket comps and security practices