| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 8th | Poor |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10412 Stobaugh St, Lamont, CA, 93241, US |
| Region / Metro | Lamont |
| Year of Construction | 2001 |
| Units | 65 |
| Transaction Date | 2017-05-09 |
| Transaction Price | $1,106,500 |
| Buyer | VINEYARD LAMONT APTS LLC |
| Seller | VINEYARD AFFORDABLE FAMILY HOUSING LP |
10412 Stobaugh St, Lamont Multifamily Investment Outlook
Neighborhood occupancy has remained elevated with a solid renter base, supporting leasing stability according to WDSuite’s CRE market data.
Located in Lamont within the Bakersfield, CA metro, the neighborhood shows durable renter demand. Neighborhood occupancy is in the top quartile nationally and ranks 60 out of 247 metro neighborhoods, indicating above-median stability across the metro. A renter-occupied share around 60% of housing units points to a deep tenant base for multifamily operators and consistent absorption potential.
Amenity access is mixed. Grocery availability tracks strong (national percentile near the low-90s), while restaurants rank 74 out of 247 metro neighborhoods—above the metro median. Parks, childcare, and pharmacies are limited locally, which may influence resident convenience expectations and place more emphasis on on-site amenities or nearby Bakersfield draws.
Within a 3-mile radius, population has edged down over the past five years while total households have increased modestly, reflecting smaller household sizes and a steady demand footprint for rental units. Looking forward, WDSuite’s data indicates households are projected to expand at a faster clip than population, which can enlarge the renter pool even as average household size declines—supporting occupancy stability and lease retention for well-managed assets.
Ownership costs in the area are comparatively accessible versus many California markets, and the neighborhood’s rent-to-income profile is relatively manageable, which can aid retention while leaving room for disciplined rent growth. Average school ratings trend lower versus national peers, so family renter segments may weigh tradeoffs between unit quality, commute convenience, and school options.
The property’s 2001 vintage stands newer than the neighborhood’s older housing stock (average vintage circa 1962), offering a relative competitive edge on layout and systems; however, investors should still anticipate targeted capital planning for two-decade-old building components to sustain curb appeal and operating efficiency.
Safety indicators present a mixed but improving picture. Within the Bakersfield metro, the neighborhood’s crime rank sits at 44 out of 247 neighborhoods (lower ranks indicate more reported crime), signaling above-metro-average exposure. Nationally, overall levels hover around the middle of the pack, and recent trend data shows year-over-year decreases in both violent and property offenses, suggesting conditions have been improving according to WDSuite’s CRE market data.
Investors should underwrite with conservative assumptions and lean on professional management, lighting, and access controls. Monitoring ongoing trends versus the metro and the nation remains prudent, especially given the neighborhood’s position within the metro rankings.
This 65-unit, 2001-vintage community benefits from a renter-leaning neighborhood with nationally strong occupancy and above-median positioning within the Bakersfield metro. The surrounding housing stock skews older, giving a 2001 asset a relative edge in unit functionality and systems, while still allowing selective value-add to elevate finishes and operational efficiency. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share and stable occupancy support demand depth, with households expected to grow even as average household size trends lower—favorable for long-term leasing stability.
Affordability dynamics are supportive: ownership costs are comparatively accessible for the region and rent-to-income metrics are manageable, which can aid retention and measured pricing power. Amenity access is mixed—groceries and restaurants are convenient, while parks and certain services are sparse—so on-site features and professional management can be differentiators. Investors should account for metro-relative crime exposure and lower school ratings as underwriting considerations, balanced by improving safety trends and a broad renter base.
- Renter-leaning neighborhood with top-quartile national occupancy supporting stable demand
- 2001 vintage offers competitive positioning versus older local stock with targeted value-add upside
- Household growth and smaller household sizes expand the renter pool and support retention
- Mixed amenity set makes on-site features and management execution key differentiators
- Risks: above-metro-average crime exposure and lower school ratings warrant conservative underwriting