| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 11th | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 799 5th St, Mc Farland, CA, 93250, US |
| Region / Metro | Mc Farland |
| Year of Construction | 2004 |
| Units | 61 |
| Transaction Date | 2003-12-04 |
| Transaction Price | $440,000 |
| Buyer | DAYBREAK APARTMENTS HOUSING INVESTORS LP |
| Seller | MILES JAMES E |
799 5th St Mc Farland CA Multifamily Investment
Newer 2004 construction relative to the area s older housing stock supports competitive positioning and renter demand, according to WDSuite s CRE market data. Neighborhood renter-occupied share is elevated, helping underpin leasing stability for a professionally managed asset.
Livability fundamentals in Mc Farland s inner-suburban setting favor day-to-day convenience: grocery and pharmacy access ranks competitive among Bakersfield (CA) neighborhoods (ranked 52 and 32 out of 247, respectively) and sits above national norms by percentile. Caf e9 density also tracks above national averages, while parks and childcare options are limited locally. For family-oriented tenants, average public school ratings are weaker versus national peers, which is an underwriting consideration.
For multifamily demand, the neighborhood s renter-occupied share is 45.7% (rank 75 of 247), indicating a broad tenant base and competitive positioning among Bakersfield neighborhoods. Neighborhood occupancy is reported at 90.2% (rank 166 of 247), suggesting stable but not tight conditions; operators should focus on retention and amenities to support lease-up and renewals.
Housing costs provide additional context: median home values sit modestly above national midpoints and the value-to-income ratio is in a higher national percentile, indicating a relatively high-cost ownership market that can reinforce reliance on multifamily rentals. Rent-to-income levels are near national midpoints, pointing to manageable, but monitorable, affordability pressure for tenants a useful lens for pricing power and renewal strategy.
Demographics within a 3-mile radius show a steady population today with projections for population growth and a notable increase in households over the next five years, which would expand the local renter pool and support occupancy. At the same time, forecasts point to a gradual shift toward a higher owner share, so competitive product, service, and value positioning remain important for sustaining leasing velocity, based on CRE market data from WDSuite.
Safety indicators compare favorably. The neighborhood ranks 3 out of 247 Bakersfield neighborhoods for lower crime incidence, placing it among the safest subareas locally. Nationally, safety metrics fall in high percentiles, which translates to top-quartile performance compared with neighborhoods across the country.
Recent trend data also show notable year-over-year declines in both violent and property offenses, according to WDSuite s data. While property-level outcomes vary, these directional improvements provide a supportive backdrop for tenant retention and asset operations.
Regional employment is anchored by industrial and manufacturing employers that broaden the labor market and support renter demand at the metro scale, including International Paper.
- International Paper paper & packaging manufacturing (43.0 miles)
This 61-unit, 2004-vintage asset offers competitive positioning versus an area average construction year from the 1950s, suggesting fewer near-term structural obsolescence concerns and potential leasing appeal relative to older inventory. According to CRE market data from WDSuite, the surrounding neighborhood maintains a sizable renter base and stable occupancy, while regional safety indicators compare strongly both locally and nationally. Rising household counts within a 3-mile radius point to a larger tenant base, and a relatively high-cost ownership context supports sustained multifamily demand.
Operationally, investors should plan for typical system refresh and modernization consistent with a 2004 build, and underwrite to neighborhood schools and limited park/childcare amenities, which may influence unit mix and marketing. Forward-looking projections of increased households alongside a gradual shift toward ownership suggest maintaining a competitive value proposition to protect leasing velocity.
- 2004 vintage competes well against older neighborhood stock, supporting tenant appeal and retention.
- Sizable renter-occupied share and stable neighborhood occupancy underpin demand durability.
- Safety indicators rank among the strongest locally and sit in high national percentiles, aiding retention.
- Household growth within 3 miles expands the tenant base; ownership costs remain relatively high versus incomes, supporting rental reliance.
- Risks: weaker average school ratings and limited parks/childcare; plan for mid-life system upgrades typical of a 2004 asset and maintain competitive pricing as ownership share is forecast to rise.