| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 8th | Poor |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7022 Di Giorgio Rd, Lamont, CA, 93241, US |
| Region / Metro | Lamont |
| Year of Construction | 2009 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7022 Di Giorgio Rd Lamont Multifamily Investment
Neighborhood-level occupancy of 97.4% supports rental demand fundamentals, with renter-occupied households representing 60.9% of local housing stock according to CRE market data from WDSuite.
This 64-unit property built in 2009 positions investors in an established rental market with strong occupancy fundamentals. Neighborhood-level occupancy rates reach 97.4%, ranking in the top quartile among 247 Bakersfield metro neighborhoods, while the local rental share of 60.9% indicates a mature tenant base. The property's 2009 construction year places it significantly newer than the neighborhood average of 1962, potentially reducing near-term capital expenditure needs while maintaining competitive positioning.
Demographics within a 3-mile radius show a household count of approximately 4,660 with projected growth to 6,870 households by 2028, representing a 47% increase that could expand the local renter pool. Current median contract rent of $759 within the demographic radius remains below the neighborhood median of $897, suggesting room for rental optimization. The area's grocery store density ranks in the top decile nationally, supporting tenant convenience and retention factors.
Home values averaging $239,112 have nearly doubled over five years, while median household income of $41,598 creates a rent-to-income environment that may favor rental housing over ownership for many residents. The neighborhood's inner suburb classification and established infrastructure provide stability for long-term investment planning.
Crime metrics show the neighborhood ranking 44th out of 247 metro neighborhoods, placing it above the regional median for safety. Property crime rates have declined 25.3% year-over-year, while violent crime rates dropped 39.5%, indicating improving security trends that can support tenant retention and property values.
The neighborhood's 62nd percentile ranking nationally for overall crime rates reflects competitive safety conditions compared to similar communities across the country. These trends, combined with the area's established residential character, contribute to a stable environment for multifamily operations.
Limited major employer data available for immediate proximity analysis. Investors should conduct independent research on local employment centers and commute patterns to assess workforce stability and tenant demand drivers.
The 7022 Di Giorgio Road property offers exposure to a rental-dominant market with strong occupancy fundamentals and demographic tailwinds. Neighborhood-level occupancy of 97.4% ranks in the top quartile regionally, while the 60.9% rental share indicates an established tenant base. Projected household growth of 47% through 2028 within the 3-mile radius could expand demand, supported by home values that have doubled in five years, potentially keeping residents in rental housing longer.
The 2009 construction vintage positions the asset favorably against the neighborhood's 1962 average building age, suggesting reduced near-term maintenance requirements and competitive appeal. However, the area's lower education levels and modest income growth present considerations for tenant profile and rental pricing strategies.
- High occupancy rates at 97.4% rank in top quartile among metro neighborhoods
- Established rental market with 60.9% renter-occupied housing share
- Newer construction (2009) versus neighborhood average (1962) reduces capital needs
- Projected 47% household growth through 2028 supports demand expansion
- Risk: Lower income levels and modest education attainment may limit rental growth potential