| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 68th | Best |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 714 N Sanders St, Ridgecrest, CA, 93555, US |
| Region / Metro | Ridgecrest |
| Year of Construction | 1973 |
| Units | 31 |
| Transaction Date | 2005-05-12 |
| Transaction Price | $1,630,000 |
| Buyer | LEBLANC MARC |
| Seller | PATRICK & CRYSTAL COAKLEY LLC |
714 N Sanders St, Ridgecrest CA Multifamily Investment
Neighborhood occupancy is 93.1%, indicating steady renter demand and relatively stable leasing conditions, according to WDSuite’s CRE market data. With an A-rated neighborhood ranking near the top of the Bakersfield metro, the asset benefits from location fundamentals that support long-term operations.
The property sits in an A-rated Suburban neighborhood ranked 30 out of 247 in the Bakersfield metro—top quartile among metro neighborhoods—based on CRE market data from WDSuite. At the neighborhood level, occupancy runs at 93.1%, which supports day-to-day stability for multifamily operations compared with softer submarkets.
Local amenities are mixed but functional for renters. Restaurants and groceries index above national norms (national percentiles in the low 70s for restaurants and 70 for grocery), while pharmacies are a relative strength (84th percentile nationally). However, cafes and parks are sparse within the neighborhood, which may modestly limit lifestyle appeal and on-site rent premiums compared with amenity-rich urban cores.
Schools score around the national mid-to-above-median range (average rating ~3.0; 61st percentile nationally), offering a practical draw for family-oriented renters. Median home values in the neighborhood are elevated for the area but still accessible in a regional context, which can create some competition from entry-level ownership; investors should manage pricing to maintain lease retention while pursuing measured rent growth.
Tenure data indicates a lower renter concentration locally (about 22.8% of housing units are renter-occupied), pointing to a smaller but potentially more stable tenant base. Within a 3-mile radius, households have held roughly steady in recent years even as population slipped, and projections call for population growth and more households through 2028—signals that can expand the renter pool and support occupancy. Vintage housing stock averages around 1970 in the neighborhood; a 1973 asset can be positioned competitively against older properties while planning for ongoing system updates.
Neighborhood safety trends are mixed. Relative to Bakersfield’s 247 neighborhoods, the area ranks 95th, which is competitive among metro neighborhoods. Nationally, safety benchmarks are below average, but both property and violent offense rates show year-over-year improvement, indicating a favorable directional trend rather than a deterioration.
For investors, the takeaway is prudent risk management rather than alarm: monitor on-the-ground conditions, emphasize lighting and access control during CapEx planning, and underwrite to neighborhood comparables rather than national best-in-class assumptions.
714 N Sanders St is a 31-unit 1973 community in an A-rated neighborhood that ranks in the top quartile among Bakersfield submarkets by neighborhood score. Neighborhood occupancy at 93.1% points to steady leasing fundamentals, and restaurants/groceries/pharmacy access compares favorably to national medians, helping support day-to-day resident convenience. The asset’s vintage is slightly newer than the neighborhood average (1970), suggesting relative competitiveness versus older stock, while still warranting targeted modernization to sustain rents and retention.
Within a 3-mile radius, households have been stable and are projected to grow through 2028, supporting a larger tenant base and occupancy stability over time. Median home values and a rent-to-income ratio around 0.16 indicate manageable affordability pressure, which can aid renewals even if it tempers near-term pricing power; according to CRE market data from WDSuite, local rent levels and income trends have moved in a direction that supports disciplined rent growth strategies rather than aggressive mark-to-market assumptions.
- A-rated neighborhood with top-quartile metro ranking supports durable demand
- 93.1% neighborhood occupancy underpins leasing stability and retention
- 1973 vintage slightly newer than local average; value-add via targeted system and interior updates
- Household growth within 3 miles expands tenant base and supports long-term absorption
- Risks: below-average national safety benchmarks and modest amenity depth; manage underwriting and CapEx accordingly