| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 11th | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 711 5th St, Mc Farland, CA, 93250, US |
| Region / Metro | Mc Farland |
| Year of Construction | 1994 |
| Units | 52 |
| Transaction Date | 2011-12-09 |
| Transaction Price | $509,500 |
| Buyer | SOLINASALMOND LP |
| Seller | SELF HELP COMMUNITEIS 1 LLC |
711 5th St, McFarland CA — 52-Unit Multifamily Position
Neighborhood renter concentration is elevated and occupancy is around local norms, pointing to steady tenant demand according to WDSuite’s CRE market data. The Bakersfield metro context offers relatively accessible rents, supporting retention while leaving room for disciplined revenue management.
Located in McFarland within the Bakersfield, CA metro, the neighborhood carries a B- rating and is classified as an Inner Suburb. Amenity access is competitive among Bakersfield neighborhoods (42 of 247 for overall amenities), with grocery and pharmacy density performing in the upper tier locally and above average nationally, while parks and childcare options are limited. For investors, this mix suggests day-to-day convenience for residents but fewer recreational nodes in the immediate area.
Renter-occupied housing represents a meaningful share of the neighborhood’s housing units (45.7%), ranking 75 of 247 — competitive among Bakersfield neighborhoods and high versus national norms. This depth of renter households supports multifamily demand and can aid leasing continuity. Neighborhood occupancy is near the metro middle (rank 166 of 247), indicating a generally stable baseline where property-level operations and asset quality will be important drivers of performance.
Within a 3-mile radius, population has been steady and is projected to grow through the mid-term, with households expected to expand more quickly alongside a decline in average household size. This combination typically enlarges the tenant base and supports occupancy stability, particularly for properties offering practical floor plans. Median contract rents in the neighborhood sit at accessible levels relative to incomes, and the rent-to-income ratio indicates manageable affordability pressure — helpful for retention and lease management.
Home values in the area are modest for California, reinforcing renter reliance on multifamily housing without materially constraining move-up options. For investors, this balance can support steady absorption while limiting downside from sharp affordability stress, though competition from entry-level ownership should be monitored if financing conditions ease.
Neighborhood safety compares favorably in a national context, with indicators placing the area in the top decile nationally for lower violent and property offense rates. Trend data also points to year-over-year improvements, suggesting recent momentum rather than a one-off data point. Compared with the Bakersfield metro, these conditions are a constructive factor for tenant retention and leasing velocity, while still warranting standard property-level security practices.
Regional employment is diversified at the metro level, with industrial and manufacturing employers contributing to a broad workforce that supports renter demand. Nearby representation includes International Paper.
- International Paper — paper & packaging (43.1 miles)
Built in 1994, the property is newer than much of the surrounding housing stock, offering competitive positioning versus older inventory while still benefiting from targeted updates to systems and finishes over a hold period. The neighborhood shows a sizable base of renter-occupied units and occupancy around metro norms; within a 3-mile radius, households are projected to increase as average household size declines, expanding the renter pool and supporting steady absorption. According to CRE market data from WDSuite, local rents remain accessible relative to incomes, which helps stabilize retention and reduces volatility through cycles.
The Bakersfield metro’s everyday amenities are accessible here (particularly groceries and pharmacies), though limited parks and childcare options and below-median school ratings suggest family-focused leasing strategies should emphasize unit livability and on-site value. With modest ownership costs for California, multifamily demand is reinforced by households that prefer the flexibility and upfront cost profile of renting, while any improvement in financing conditions could modestly increase competition from entry-level ownership.
- 1994 vintage positions the asset ahead of older local stock, with potential value-add through selective modernization.
- Elevated renter-occupied share and household growth within 3 miles support a larger tenant base and occupancy stability.
- Accessible rent levels versus incomes bolster retention and allow disciplined revenue management.
- Everyday amenities (grocery, pharmacy) are strong locally, aiding resident convenience and leasing.
- Risks: below-median school ratings, limited parks/childcare, and metro-level occupancy near the middle require active asset management.