| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 29th | Fair |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 901 22nd Ave, Delano, CA, 93215, US |
| Region / Metro | Delano |
| Year of Construction | 1997 |
| Units | 64 |
| Transaction Date | 2014-11-10 |
| Transaction Price | $8,700,000 |
| Buyer | GEAHI JASMINE HEIGHTS LP |
| Seller | JASMINE HEIGHTS LIMITED PARTNERSHIP |
901 22nd Ave, Delano CA Multifamily Investment
Neighborhood occupancy runs in the high 90s with steady renter demand, according to WDSuite’s CRE market data, supporting income stability for a 1997-vintage asset in Bakersfield’s north-valley corridor.
Located in Delano within the Bakersfield, CA metro, the neighborhood rates a solid B and is competitive among Bakersfield neighborhoods (107 of 247). Daily needs are convenient: grocery options are strong and rank near the top locally with density that places the area in the top quartile nationally, while cafes are also nationally strong. Restaurant coverage is above national norms, though dedicated parks, pharmacies, and formal childcare are sparse within the immediate neighborhood.
For investors evaluating demand, neighborhood occupancy is above the metro median and in the top quartile nationally, signaling tight leasing conditions relative to many peer areas. Median contract rents in the neighborhood are near the national midpoint, which can help sustain leasing velocity without overextending the tenant base.
Schools average about 3 out of 5 and sit above national averages, adding family-oriented appeal. The neighborhood’s renter-occupied share is roughly one-third of units, indicating a moderate renter concentration and a diversified housing base that can support multifamily absorption while limiting volatility from a single demand segment.
Within a 3-mile radius, population and household counts have grown over the past five years, and WDSuite data indicates additional gains are projected through the next five-year period. Larger household counts alongside slightly smaller average household sizes suggest a gradually expanding renter pool, which supports occupancy stability for professionally managed multifamily assets.
Ownership costs are relatively accessible by national standards, and the neighborhood’s rent-to-income levels indicate manageable affordability pressure. That backdrop can aid retention and reduce turnover sensitivity, though it also means some households may consider ownership alternatives—placing a premium on product quality and service to maintain pricing power.
Comparable, up-to-date neighborhood crime benchmarks are not available in this dataset. Investors typically contextualize safety using city and metro trend reviews, on-the-ground assessments, and property-specific measures (lighting, access control, and management practices) to gauge resident experience and retention risk.
- International Paper — packaging & manufacturing offices (35.9 miles)
This 64-unit property was built in 1997, newer than much of the local housing stock, which skews to the early 1970s. The vintage provides a competitive edge versus older inventory and offers a practical platform for targeted modernization to lift rents and resident experience over time. Neighborhood fundamentals are constructive: occupancy ranks above the metro median and sits in the top quartile nationally, while rent levels trend near national midpoints—conditions that generally support leasing stability and manageable turnover risk.
Within a 3-mile radius, population and households have been growing and are projected to continue expanding, pointing to a gradually larger tenant base. According to CRE market data from WDSuite, rent-to-income signals indicate manageable affordability pressure, bolstering retention prospects. The area’s moderate renter concentration means depth exists for multifamily demand, with quality, maintenance, and service positioning likely to drive competitiveness versus ownership options.
- Tight neighborhood occupancy supports income stability relative to metro and national peers.
- 1997 construction offers competitive positioning versus older stock with targeted value-add potential.
- 3-mile population and household growth expands the renter pool and supports absorption.
- Rent levels near national midpoints and manageable rent-to-income dynamics aid retention.
- Risks: limited nearby formal amenities (parks, pharmacies, childcare) and moderate renter depth require strong operations and asset quality to sustain pricing.