| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 14th | Poor |
| Amenities | 17th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1592 Barstow Rd, Mojave, CA, 93501, US |
| Region / Metro | Mojave |
| Year of Construction | 1980 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1592 Barstow Rd Mojave Multifamily Investment
Neighborhood occupancy trends sit near the metro median and have improved in recent years, supporting stable tenant retention according to WDSuite’s CRE market data.
Neighborhood and Demand Drivers
The property is in a suburban pocket of Mojave within the Bakersfield metro where renter-occupied housing is a meaningful share of units at both the neighborhood level and within a 3-mile radius. This depth of renter households points to a consistent tenant base and supports leasing durability for workforce-oriented assets.
Occupancy for the neighborhood is around the metro median, with a positive multi-year trend that helps underpin income stability. Compared with Bakersfield-area peers (247 neighborhoods total), the location is competitive on basic services such as groceries (around the national midpoint), while cafes, parks, and pharmacies are limited locally, which can affect walkability expectations.
Home values in the neighborhood are lower than many California markets, which can introduce some competition from ownership. However, neighborhood rents and rent-to-income levels suggest manageable affordability pressure, aiding lease retention and reducing turnover risk from sudden pricing shocks. These takeaways are based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, recent data indicate modest declines in population and households historically, but forward-looking projections point to notable population growth and a larger household base by the latter part of the decade. For multifamily investors, that trajectory implies a larger tenant pool over time, which supports occupancy stability and potential lease-up resilience if units are refreshed or repositioned.
Vintage context: Built in 1980, the asset is newer than the neighborhood’s average construction year. This positioning can be advantageous versus older stock, though investors should still plan for ongoing system upgrades and targeted renovations to enhance competitiveness and support rent growth.
Safety Context
Relative to other Bakersfield metro neighborhoods (247 total), the area trends below the metro average on safety, and national comparisons place it below the midpoint of neighborhoods nationwide. Recent readings show year-over-year increases in both property and violent offense estimates, so underwriting should incorporate prudent assumptions for security measures and operating protocols.
Investors often address similar risk profiles with lighting, access controls, and resident engagement, and by aligning insurance and loss-prevention practices with local conditions. Use neighborhood-level crime trend monitoring rather than block-level assumptions when refining pro formas.
Regional employers accessible by car support workforce housing dynamics and commuting demand, notably in aerospace and essential services reflected below.
- Lockheed Martin Aeronautics Co. — aerospace (29.9 miles)
- Waste Management - Palmdale — environmental services (32.8 miles)
This 52-unit, 1980-vintage asset in Mojave offers a pragmatic workforce housing play: a renter-heavy housing landscape, neighborhood occupancy around the metro median with improving trend lines, and relatively accessible ownership costs that still leave room for sustained rental demand. According to CRE market data from WDSuite, the neighborhood’s service mix is adequate for daily needs but not highly amenitized, making targeted renovations and operational execution key levers for performance.
Newer than the neighborhood average vintage, the property can compete against older stock with selective upgrades to interiors, building systems, and curb appeal. Demographic projections within a 3-mile radius indicate meaningful population and household growth over the next several years, supporting a larger renter pool and bolstering long-run occupancy and leasing velocity if capex is well-timed.
- Renter-heavy housing landscape supports consistent tenant demand and leasing depth.
- Neighborhood occupancy near the metro median with positive momentum aids income stability.
- 1980 vintage is newer than local averages, enabling value-add and modernization upside.
- 3-mile projections point to renter pool expansion, supporting future lease-up and retention.
- Risks: limited local amenities and below-median safety require disciplined operations and security planning.