| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 4th | Poor |
| Amenities | 18th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12360 Main St, Lamont, CA, 93241, US |
| Region / Metro | Lamont |
| Year of Construction | 1995 |
| Units | 36 |
| Transaction Date | 2018-11-14 |
| Transaction Price | $215,000 |
| Buyer | RANGEL SILVA SAHID |
| Seller | TURBINE HOMES LLC |
12360 Main St, Lamont CA Multifamily Investment
Stabilized renter demand in an inner-suburban Bakersfield submarket, with neighborhood occupancy around the mid‑90s according to WDSuite’s CRE market data, points to steady leasing fundamentals for a 36‑unit asset.
Lamont is an inner suburb of the Bakersfield, CA metro with a neighborhood rating of C-. Investor takeaways skew toward durable renter demand rather than lifestyle appeal: the neighborhood s occupancy is in the upper tier locally (80th percentile nationally), indicating relatively stable unit absorption at the neighborhood level, not the property. Amenities are limited within the immediate area (few cafes, grocery, parks, or pharmacies), so residents likely rely on nearby corridors for daily needs, while basic services such as childcare have some local presence.
Tenure dynamics favor multifamily: about two-thirds of housing units are renter-occupied, a high renter concentration (upper national percentiles) that supports a deeper tenant base and can stabilize occupancy across cycles. Median contract rents remain comparatively low for the neighborhood, which can help sustain demand even as operators manage rent-to-income considerations.
Within a 3-mile radius, demographics indicate a mixed picture for demand. Population has trended down modestly in recent years while the household count edged up, suggesting smaller household sizes and a potential shift toward rentals. Forward-looking data point to additional growth in households and a lower average household size by 2028, which can expand the renter pool and support lease-up and retention even if overall population is flat to down. Median incomes have been soft, so operators should manage affordability pressure and renewal strategies carefully.
Homeownership remains a high-cost path relative to local incomes (value-to-income metrics rank in higher national percentiles). In practice, this sustains reliance on rental housing and can support pricing power for well-managed assets, provided rent-setting is balanced against local income trends. Relative to the broader Bakersfield metro and many U.S. neighborhoods, Lamont s fundamentals lean more toward workforce housing than amenity-driven demand, which suits efficient, needs-based multifamily operations.
Safety indicators for the neighborhood are modestly above the national median, based on WDSuite s CRE market data. Both violent and property offense measures sit near the low-to-mid 50s in national percentiles (higher is safer), and recent year-over-year estimates show declines in reported rates, indicating an improving trend rather than a deterioration.
Compared with Bakersfield s 247 neighborhoods, the area performs competitively rather than top-tier; investors should underwrite standard security and lighting measures, but the current trajectory and national positioning suggest conditions that are serviceable for workforce housing.
12360 Main St was built in 1995, making it newer than the neighborhood s largely mid‑century housing stock. That vintage can translate to fewer immediate capital needs versus older comparables, while still leaving room for targeted value-add upgrades to systems and interiors as the asset approaches 30 years in service. Neighborhood occupancy sits in the upper tier nationally, supporting expectations for steady leasing and retention for a mid-sized property. According to CRE market data from WDSuite, elevated ownership costs relative to incomes in this area reinforce renter reliance on multifamily housing, which can underpin stabilized occupancy.
Investor considerations include limited walkable amenities and income sensitivity, which argue for pragmatic unit finishes, competitive pricing, and resident services that support renewals. Demographics within a 3‑mile radius point to more households and smaller average household size in the forecast window, which can expand the renter pool and support ongoing demand if managed with affordability in mind.
- 1995 vintage offers relative competitiveness versus older local stock with targeted upgrade potential
- Neighborhood occupancy trends in the upper national tier support leasing stability
- High renter-occupied share indicates a deep tenant base for a 36-unit asset
- Elevated ownership costs versus incomes sustain multifamily demand and pricing power
- Risks: limited nearby amenities and income-related affordability pressure require disciplined rent setting and renewal strategy