| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 15th | Poor |
| Amenities | 18th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14681 Lost Hills Rd, Lost Hills, CA, 93249, US |
| Region / Metro | Lost Hills |
| Year of Construction | 1999 |
| Units | 41 |
| Transaction Date | 1998-09-09 |
| Transaction Price | $78,000 |
| Buyer | ALDEA PARK INVESTORS |
| Seller | CORSCO INVESTMENTS |
14681 Lost Hills Rd, Lost Hills CA Multifamily Opportunity
Neighborhood fundamentals point to resilient renter demand — top-tier occupancy in the Bakersfield metro and a high share of renter-occupied units support stable leasing, according to WDSuite’s CRE market data.
This 41-unit asset sits in a suburban Kern County location where neighborhood occupancy ranks first among 247 Bakersfield metro neighborhoods, indicating exceptionally tight conditions that can support steady leasing. The area’s renter-occupied share is high, signaling a deep tenant base for multifamily product; these are neighborhood metrics, not property performance.
Within a 3-mile radius, demographics show smaller household sizes than five years ago and recent population contraction, but WDSuite’s data projects population and household growth through 2028, which would expand the local renter pool and aid occupancy stability if realized. Median rent levels sit at relatively modest rent-to-income ratios locally, which can help retention and reduce turnover risk.
The property’s 1999 vintage is newer than the neighborhood’s average 1970s housing stock, offering competitive positioning versus older rentals; however, investors should still underwrite for system modernization and selective upgrades due to age. Home values in the neighborhood reflect a higher value-to-income ratio versus many U.S. areas, which tends to sustain reliance on rental housing and supports pricing power without overextending affordability.
Amenity density is limited (few restaurants, parks, pharmacies, and groceries within close proximity), and average school ratings sit near the national middle. While this can temper renter appeal for some households, the area’s workforce orientation and high renter concentration keep multifamily demand relevant. Overall, performance appears competitive among Bakersfield neighborhoods despite below-average amenity access.
Safety indicators present a mixed picture. Compared with neighborhoods nationwide, the area scores in the better half on both violent and property offense rates (higher national percentiles indicate comparatively safer conditions). Within the Bakersfield metro, however, the neighborhood ranks below the metro median among 247 neighborhoods, meaning crime is higher than in many nearby areas.
Recent year estimates in WDSuite signal an uptick in both violent and property offenses. Investors should monitor trend direction and incorporate prudent on-site measures (lighting, access controls) and partnership with local resources to support resident retention and operational stability.
14681 Lost Hills Rd offers a 1999-vintage, 41-unit footprint positioned in a neighborhood with top-ranked occupancy and a high renter-occupied share — conditions that typically support stable tenancy and consistent collections. According to CRE market data from WDSuite, national comparisons suggest relatively safer standing than many U.S. neighborhoods, while metro comparisons indicate mixed safety and limited amenity access, both of which should be reflected in management plans and underwriting.
The asset’s newer vintage relative to the area’s older stock provides competitive positioning, with potential to capture demand from households seeking functional units without premium pricing. Within a 3-mile radius, projections point to population and household growth by 2028, expanding the tenant base; at the same time, moderate rent-to-income dynamics support lease retention. Key risks include constrained neighborhood amenities, metro-relative safety trends, and the need for periodic system updates typical for late-1990s construction.
- Tight neighborhood occupancy and high renter concentration support stable leasing
- 1999 vintage competitive versus older local stock; plan for targeted modernization
- Projected 3-mile population and household growth can expand the renter pool
- Moderate rent-to-income dynamics aid retention and reduce turnover risk
- Risks: limited amenities, mixed metro-relative safety, and capex for aging systems