| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 29th | Fair |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 Susan St, Delano, CA, 93215, US |
| Region / Metro | Delano |
| Year of Construction | 1986 |
| Units | 50 |
| Transaction Date | 2000-01-03 |
| Transaction Price | $1,000,000 |
| Buyer | DEMOND FRANK L |
| Seller | BERNSTON STEVEN M |
900 Susan St Delano Multifamily Investment
This 50-unit property built in 1986 benefits from strong neighborhood occupancy at 97.3% and competitive rent-to-income ratios, according to CRE market data from WDSuite.
The Delano neighborhood presents solid fundamentals for multifamily investors, with occupancy at 97.3% ranking in the 85th percentile nationally among neighborhoods. This inner suburb location maintains a median contract rent of $938, reflecting affordability that supports tenant retention in the Central Valley market.
Demographics within a 3-mile radius show a stable renter base with 40.9% of housing units occupied by renters. The area's household income of $56,248 creates manageable rent-to-income ratios, while forecasted growth projects a 12.2% population increase through 2028, expanding the potential tenant pool. Median home values of $250,071 reinforce rental demand by limiting ownership accessibility for many households.
Built in 1986, this property aligns with the neighborhood's average construction year of 1972, suggesting potential value-add opportunities through strategic renovations. The area benefits from strong grocery access with 4.69 stores per square mile ranking in the 95th percentile nationally, supporting tenant convenience and retention.
Safety data for this specific neighborhood is not currently available in our dataset. Investors should conduct independent due diligence on local crime trends and consider consulting with local law enforcement or security professionals when evaluating this market.
The employment base in this Kern County location includes corporate operations that support workforce housing demand.
- International Paper — corporate offices (36.2 miles)
This 50-unit property offers stable cash flow potential supported by exceptional neighborhood occupancy at 97.3%, ranking in the 85th percentile nationally. The 1986 construction year presents value-add opportunities through strategic renovations, while the area's rent-to-income ratio of 0.14 indicates sustainable affordability for tenants.
Demographic projections within a 3-mile radius show population growth of 12.2% through 2028, with household income forecasted to increase 48.3% to $83,437. This expanding renter pool, combined with limited ownership accessibility due to elevated home values, supports long-term rental demand in this Central Valley market.
- High neighborhood occupancy at 97.3% indicates strong rental demand
- Value-add potential through renovations of 1986-vintage units
- Growing demographics with 12.2% population increase projected through 2028
- Affordable rent-to-income ratios support tenant retention
- Risk: Limited major employer base may affect long-term demand stability