| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 8th | Poor |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10401 San Diego St, Lamont, CA, 93241, US |
| Region / Metro | Lamont |
| Year of Construction | 1987 |
| Units | 48 |
| Transaction Date | 2016-07-14 |
| Transaction Price | $4,508,000 |
| Buyer | SEQUOIA AFFORDABLE FAMILY HOUSING LP |
| Seller | VAH LP |
10401 San Diego St, Lamont CA Multifamily Investment
Neighborhood occupancy remains strong and renter demand is durable in this Inner Suburb of Bakersfield, according to WDSuite’s CRE market data; these dynamics support income stability while leaving room for strategic renovations to enhance competitiveness.
Lamont sits within the Bakersfield metro’s Inner Suburbs, offering everyday convenience and workforce-driven renter demand. Neighborhood occupancy is high (measured for the neighborhood, not the property), supporting leasing stability and retention. Grocery access is a relative strength — competitive among Bakersfield neighborhoods (ranked 27 of 247) and in the top quartile nationally — while parks, cafes, childcare, and pharmacies are limited within the neighborhood, which investors should factor into resident experience planning.
The local housing stock skews older (average vintage 1962 across the neighborhood), making a 1987 asset comparatively newer. This positioning can help with leasing versus older product while still offering value‑add potential through modernization of interiors, building systems, and curb appeal as part of capital planning.
Renter-occupied units account for a majority of neighborhood housing (about 60% renter concentration), indicating a deep tenant base and steady multifamily demand. Median contract rents and rent-to-income suggest manageable affordability pressure in this submarket; for investors, that typically supports occupancy but warrants disciplined lease management to balance rent growth with retention.
Within a 3-mile radius, demographics show a modest contraction in population alongside a slight increase in households and smaller average household sizes over recent years. Looking ahead, projections indicate further renter pool diversification as household counts are expected to rise even as household sizes trend lower, which can support multifamily demand and steady absorption for well-positioned properties.
Home values in the neighborhood are relatively accessible compared with many California markets, which can introduce some competition from ownership options. For multifamily operators, this emphasizes the importance of delivering convenience, reliable maintenance, and value-focused amenities to sustain pricing power and lease retention.
Safety trends are mixed but improving on key metrics. The neighborhood ranks 44 out of 247 within the Bakersfield metro for crime, which is better than much of the region and corresponds to a national positioning that is safer than average. Recent data also show year-over-year declines in both violent and property offense rates, indicating a positive directional trend. As always, investors should evaluate block-level patterns through site visits and operating history.
Built in 1987 with 48 units, this Lamont property offers a balance of stability and upside. Neighborhood occupancy is elevated and renter concentration is strong, supporting a deeper tenant base and steady leasing. According to CRE market data from WDSuite, local grocery access is a relative advantage, while limited parks and cafes mean operators may need to emphasize on-site convenience and services. The mid‑1980s vintage is newer than the area’s average stock and presents clear value‑add pathways through interior refreshes and systems upgrades.
Demographics within a 3‑mile radius indicate population contraction but a modest rise in households and smaller household sizes, which can sustain multifamily demand through a broader renter pool. Ownership remains relatively accessible in this submarket, so delivering dependable operations and practical amenities will be important to maintain occupancy stability and pricing discipline.
- Elevated neighborhood occupancy and majority renter-occupied housing support stable demand
- 1987 vintage is newer than nearby stock, with value‑add potential via modernization
- Strong grocery access enhances day-to-day livability and retention
- Household growth and smaller household sizes (3‑mile radius) point to a broader renter pool
- Risks: limited neighborhood amenities beyond groceries, accessible ownership alternatives, and sensitivity to affordability