| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 8th | Poor |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10006 Weedpatch Hy, Lamont, CA, 93241, US |
| Region / Metro | Lamont |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10006 Weedpatch Hy Lamont Multifamily Investment
Neighborhood occupancy trends are solid and renter demand is durable, according to WDSuite’s CRE market data, supporting stable operations for a 20-unit asset in an inner-suburban Kern County location. A renter-occupied housing base near six in ten units provides depth for leasing and renewals.
Located in the Bakersfield, CA metro’s inner suburbs, the neighborhood posts occupancy in the top quartile nationally, indicating steady renter demand and supporting income stability for professionally managed multifamily. Renter-occupied housing accounts for roughly 60% of units in the neighborhood, which signals a sizable tenant base and consistent leasing velocity for a 20-unit property.
Amenity access is mixed. Grocery availability ranks competitive among Bakersfield neighborhoods (27 of 247), and sits in the low-90s percentile nationally, which supports day-to-day convenience. However, cafes, parks, childcare, and pharmacies are limited locally, so residents may rely on nearby corridors for lifestyle services—an operational consideration for tenant retention strategies.
Within a 3-mile radius, population has edged down over the last five years while household counts have inched higher, reflecting smaller average household sizes and a renter pool that is reshaping rather than expanding. Forward-looking estimates show additional shifts toward smaller households through 2028, which can support occupancy stability even if population growth is muted.
The property’s 1972 vintage is newer than the neighborhood’s average construction year, providing a relative edge versus older stock. Even so, investors should underwrite ongoing system updates and selective renovations to maintain competitiveness and capture value-add upside where feasible.
Home values are moderate for the region and ownership costs trend above local incomes on a value-to-income basis (upper-mid national percentile). This ownership landscape tends to reinforce reliance on rental housing, which can aid lease retention and pricing power when paired with disciplined affordability management. Neighborhood school ratings trend below national averages; operators may lean on unit quality, service, and convenience to offset limited school-driven demand.
Safety indicators compare slightly better than national averages, with recent year-over-year declines in both violent and property offense estimates pointing to improving conditions. This places the area broadly above the national midpoint for safety, which is supportive of leasing and renewals without requiring premium positioning.
Relative to Bakersfield neighborhoods, safety performance is competitive, and ongoing improvement trends may help sustain renter demand. As with any infill suburban location, risk varies by block and over time, so prudent property management and resident engagement remain important operational levers.
This 20-unit asset at 10006 Weedpatch Hy benefits from a neighborhood with top-quartile national occupancy and a high renter concentration, supporting consistent leasing and income stability. According to CRE market data from WDSuite, amenity access is anchored by strong grocery availability, while limited lifestyle services and below-average school ratings require operators to emphasize unit quality and service. The 1972 vintage is newer than the neighborhood average, suggesting a competitive position versus older stock, with scope for targeted renovations and system upgrades to drive NOI resilience.
Within a 3-mile radius, households are holding firm despite a softer population trend, implying smaller household sizes and a renter base that can support occupancy. Ownership remains relatively high-cost versus incomes on a value-to-income basis, which tends to sustain demand for rental housing and can bolster lease retention when paired with measured rent growth and affordability monitoring. Key risks include limited local amenities beyond groceries, softer school performance, and potential capital needs associated with a 1970s-vintage property.
- Top-quartile national occupancy supports stable cash flow potential
- Renter-occupied share near 60% indicates a deep tenant base
- 1972 vintage offers competitive positioning versus older stock with value-add upside
- Strong grocery access aids day-to-day livability and retention
- Risks: limited lifestyle amenities, lower school ratings, and ongoing capex for aging systems