| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 51st | Good |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 141 W Upjohn Ave, Ridgecrest, CA, 93555, US |
| Region / Metro | Ridgecrest |
| Year of Construction | 1978 |
| Units | 28 |
| Transaction Date | 2014-06-01 |
| Transaction Price | $1,575,000 |
| Buyer | RIDGECREST PARADISE LLC |
| Seller | AYYOUB EMAD |
141 W Upjohn Ave, Ridgecrest Multifamily Investment
Neighborhood occupancy indicators rank at the top of the Bakersfield metro, pointing to steady renter demand in this Inner Suburb location, according to WDSuite’s CRE market data. The setup favors durable leasing performance if pricing tracks local affordability and tenant retention dynamics.
Positioned in Ridgecrest within the Bakersfield, CA metro, the property benefits from Inner Suburb fundamentals where neighborhood-level occupancy trends are exceptionally tight. Renter-occupied share is competitive among Bakersfield neighborhoods (based on rank vs. 247 neighborhoods), supporting a deeper tenant base and aiding lease-up consistency when units turn.
Local livability is balanced: grocery and pharmacy access score above many peer areas in the metro, while parks and cafes are thinner nearby. Average school ratings in the neighborhood trail national norms, which can temper some family-driven demand but may also sustain workforce renter interest at appropriately positioned price points.
Home values in the neighborhood sit below many coastal California submarkets, creating a more accessible ownership landscape that can modestly compete with rentals. Even so, rents relative to incomes are generally manageable, which can support retention and reduce turnover risk for well-managed assets.
Demographic statistics aggregated within a 3-mile radius show recent stabilization after prior softening, with projections indicating population growth and an increase in households over the next five years. A larger household base implies a broader renter pool, which can support occupancy stability and consistent renewal velocity if operations align with neighborhood-level affordability and product expectations.
Safety trends are mixed. The neighborhood sits below the national median on safety measures, yet recent year-over-year data shows notable improvement in property-related offenses, according to WDSuite’s CRE market data. Within the Bakersfield metro (247 neighborhoods), the area is mid-pack on crime rank rather than a top performer, so underwriting should assume standard risk controls (lighting, access, and resident screening) rather than outsized concessions.
This 28-unit property, built in 1978, is newer than much of the neighborhood’s housing stock, offering relative competitiveness versus older assets while still warranting routine capital planning for aging systems. Tight neighborhood occupancy and a renter-occupied profile that is competitive among Bakersfield neighborhoods point to a stable tenant base and steady leasing. According to CRE market data from WDSuite, rents track local income capacity, reinforcing renewal potential when pricing is managed to neighborhood affordability.
Within a 3-mile radius, projections indicate population growth alongside an increase in households over the next five years, which supports renter pool expansion and occupancy stability. Ownership costs are more accessible than in many California metros, which can introduce some competition with buying; however, the combination of manageable rent-to-income dynamics and workforce-driven demand tends to support consistent performance for well-operated multifamily.
- Tight neighborhood occupancy supports steady leasing and renewal rates.
- 1978 vintage is newer than much of local stock, offering competitive positioning with targeted updates.
- Manageable rent-to-income dynamics enhance retention potential when pricing is aligned to the submarket.
- 3-mile forecasts point to a larger household base, supporting a broader tenant pool.
- Risks: mid-pack neighborhood safety and lower school ratings may require active management and amenity strategy.