| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 8th | Poor |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7000 Di Giorgio Rd, Lamont, CA, 93241, US |
| Region / Metro | Lamont |
| Year of Construction | 2009 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7000 Di Giorgio Rd, Lamont Multifamily Opportunity
Neighborhood occupancy remains high and renter demand is deep, according to WDSuite’s CRE market data, suggesting stable leasing dynamics for a 2009-vintage, 80-unit asset in Kern County.
This inner-suburb location in the Bakersfield metro shows strong renter demand fundamentals: the neighborhood’s occupancy is in the top quartile nationally, and renter-occupied housing units account for a majority of stock. These are neighborhood measures, not property performance, but they indicate a broad tenant base that can support leasing stability for multifamily assets.
Daily-needs access is a relative strength: grocery density ranks competitively among 247 Bakersfield neighborhoods and sits in a high national percentile. By contrast, parks, pharmacies, and cafes are sparse, which may temper lifestyle appeal for some residents. Restaurant availability is better than average nationally, offering some convenience without a robust retail mix.
From an affordability standpoint, neighborhood rent-to-income levels are relatively manageable and near national norms, which can aid retention and reduce turnover risk. Median home values and the value-to-income ratio point to a high-cost ownership market for many local households; in practice, that tends to reinforce reliance on rental housing and sustains the renter pool for multifamily assets.
The average neighborhood construction year skews older than this property’s 2009 vintage. Being newer than nearby stock can improve competitive positioning at comparable rents while still warranting targeted updates as building systems age. School ratings trail national averages, which could be a consideration for family-oriented leasing strategies, but the area’s workforce profile and renter concentration continue to underpin demand.
Demographics within a 3-mile radius show a modest population decline over the past five years, while household counts edged higher and average household size decreased. That mix suggests smaller households and a stable-to-expanding renter pool relative to population, supporting occupancy and consistent unit absorption. Forward-looking estimates point to continued decreases in average household size and rising household incomes, which can support rent growth and lease durability when paired with disciplined operations and positioning informed by commercial real estate analysis.
Safety signals are mixed in a way investors should contextualize. Relative to the Bakersfield metro’s 247 neighborhoods, this area ranks on the higher side for crime; however, nationally it sits around mid-to-above-average safety levels, indicating conditions that are competitive versus many U.S. neighborhoods.
Recent trend data is constructive: both violent and property offense rates have moved lower year over year, placing the neighborhood in stronger improvement percentiles nationally. While block-level conditions can vary, the directional trend suggests a gradually improving environment that can support resident retention and leasing stability over time.
Delivered in 2009, this 80-unit asset is newer than much of the surrounding housing stock, offering a competitive edge in an inner-suburb neighborhood where occupancy runs in the top quartile nationally. A high share of renter-occupied units signals depth in the tenant base, while neighborhood rent-to-income levels indicate manageable affordability that can support retention. Based on CRE market data from WDSuite, grocery access is strong relative to the region, reinforcing day-to-day livability even as parks and pharmacies are less prevalent.
Within a 3-mile radius, households have inched up as average household size declines, pointing to a steady need for rental housing even amid population softness. Forward estimates show rising incomes and smaller households, which can support rent growth and occupancy stability with the right value proposition. The primary watch items are weaker school ratings and limited amenity depth, which call for thoughtful positioning and resident services rather than aggressive rent-led strategies.
- Newer 2009 vintage versus older neighborhood stock supports competitive positioning with selective value-add potential.
- Neighborhood occupancy in the top quartile nationally and high renter concentration indicate durable leasing demand.
- Manageable rent-to-income dynamics and strong grocery access support retention and day-to-day livability.
- 3-mile household growth and smaller household sizes suggest a stable renter pool despite population softness.
- Risks: weaker school ratings and limited parks/pharmacy options; align amenities and programming to sustain occupancy.