| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 8th | Poor |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10424 Main St, Lamont, CA, 93241, US |
| Region / Metro | Lamont |
| Year of Construction | 1977 |
| Units | 22 |
| Transaction Date | 2003-10-02 |
| Transaction Price | $725,000 |
| Buyer | AVALOS LUIS C |
| Seller | REDDY MALLADI S |
10424 Main St Lamont 22-Unit Multifamily Investment
Neighborhood occupancy remains high with a sizable renter-occupied housing base, supporting day-one leasing stability according to WDSuite’s CRE market data. Positioning in Lamont offers durable workforce demand with room for operational upside over time.
Located in Lamont within the Bakersfield metro, the neighborhood shows strong renter demand signals: neighborhood occupancy is elevated and the share of renter-occupied housing units is high, indicating depth of the tenant base and potential for steadier renewals. Grocery access scores competitively among metro peers, while parks, pharmacies, and cafe density are limited—an amenity mix that generally supports daily convenience but fewer lifestyle options.
For investors screening rent and income dynamics, neighborhood median contract rents sit near the middle of the national distribution while rent-to-income levels point to moderate affordability pressure—supportive of retention when managed carefully. Median home values are lower than many coastal California markets, which can introduce some competition from ownership; however, a high neighborhood renter concentration helps sustain multifamily demand and pricing discipline.
Demographics aggregated within a 3-mile radius show a modest population contraction in recent years alongside a small increase in household count, consistent with smaller household sizes. This shift can expand the pool of renters seeking smaller floor plans and supports occupancy stability for efficiently sized units like those common in 22-unit garden assets. Forecasts indicate further household growth with smaller average household sizes, reinforcing demand for well-managed rental housing in the submarket.
Relative to the Bakersfield region, the neighborhood’s average school ratings are comparatively weak, which investors often weigh as a leasing headwind for family-oriented units. Even so, the area’s workforce profile and daily-needs retail access—particularly groceries—remain aligned with renter demand fundamentals typical of inner-suburb locations.
Safety trends in the immediate neighborhood compare mixed across geographies. Within the Bakersfield metro (247 neighborhoods), the area reports a higher incidence than many peers; nationally, it rates above average safety, landing around the 62nd percentile among neighborhoods nationwide based on WDSuite’s benchmarks.
Year over year, both violent and property offense estimates have declined meaningfully, indicating an improving trend. Investors should continue to monitor local data and property-level security measures, using the regional comparison as context rather than a precise block-level read.
Built in 1977, the property is newer than the neighborhood’s older housing stock, providing a relative edge versus 1960s-era assets while still offering scope for targeted modernization of systems and common areas. Neighborhood fundamentals—high occupancy and a substantial share of renter-occupied units—support steady leasing, and daily-needs retail access (notably groceries) aligns with workforce renter priorities. According to commercial real estate analysis from WDSuite, local rent levels sit near national midpoints and rent-to-income indicators suggest manageable affordability pressure, supporting retention with disciplined renewals.
Within a 3-mile radius, recent population softening coincides with rising household counts and smaller household sizes—conditions that can expand the renter pool for efficiently sized units and support occupancy stability. Balanced against these positives are known headwinds: comparatively weaker school ratings, limited park/pharmacy amenities, and regional safety readings that trail many Bakersfield peers, all of which call for active management and asset-specific improvements to sustain pricing power.
- Newer 1977 vintage than nearby stock, with value-add potential through selective modernization
- High neighborhood occupancy and strong renter concentration support stable tenancy
- Grocery-anchored convenience and workforce profile align with renter demand
- Smaller household sizes within 3 miles expand the renter pool for efficiently sized units
- Risks: weaker school ratings, limited lifestyle amenities, and regional safety readings require active management