| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 20th | Fair |
| Amenities | 20th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1047 W Rosamond Blvd, Rosamond, CA, 93560, US |
| Region / Metro | Rosamond |
| Year of Construction | 2010 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1047 W Rosamond Blvd Rosamond Multifamily Investment
Neighborhood occupancy is strong at 97.5% (neighborhood-level, not property-specific), and the 2010 vintage positions the asset competitively versus older local stock, according to WDSuite’s CRE market data.
Rosamond sits on the northern edge of the Bakersfield metro with a suburban profile and car-oriented convenience. Amenity density is limited for cafes, groceries, and parks, while restaurant and pharmacy access are steadier relative strengths; investors should underwrite resident mobility and on-site offerings accordingly. Neighborhood occupancy runs high at 97.5% (top national decile), a supportive backdrop for lease-up and retention at the neighborhood level rather than a guarantee for the property.
The property’s 2010 construction is newer than the neighborhood’s average 1980 vintage. That typically enhances competitive positioning against older stock and may moderate near-term capital planning, while still allowing targeted upgrades to drive rent premiums and reduce turnover risk.
Within a 3-mile radius, demographic statistics show a broad renter pool spanning young adults and families. The share of housing units that are renter-occupied is about 31%, indicating a meaningful—though not dominant—renter concentration that supports multifamily demand depth. Forecasts point to an increase in households and larger average household sizes through 2028, which can expand the tenant base and support occupancy stability.
Income levels within 3 miles have risen in recent years, and neighborhood-level rent-to-income runs near 0.19, suggesting manageable rent burdens that can aid renewal rates and pricing discipline. Median home values in the neighborhood are comparatively accessible for ownership by California standards; investors should account for some competition from entry-level ownership while recognizing that elevated mortgage costs can sustain reliance on rental housing and support steady renter demand.
Based on WDSuite’s data, the neighborhood scores above the national average for safety, with crime measures in higher national percentiles versus peers. Recent year-over-year trends show notable declines in both violent and property offenses, indicating improving conditions relative to national patterns. Comparatively, the area is competitive among Bakersfield neighborhoods rather than an outlier, and investors should still apply standard property-level security and lighting plans.
Proximity to regional employers in aerospace, environmental services, and healthcare supports renter demand and commute convenience for a workforce tenant base, including roles at Lockheed Martin Aeronautics, Waste Management, Boston Scientific Neuromodulation, and AmerisourceBergen.
- Lockheed Martin Aeronautics Co. — aerospace (17.7 miles)
- Waste Management - Palmdale — environmental services (20.5 miles)
- Boston Scientific Neuromodulation — medical devices (37.4 miles)
- Amerisourcebergen — pharmaceutical distribution (37.9 miles)
This 73-unit, 2010-vintage asset benefits from a neighborhood backdrop of high occupancy, a stable renter base within a 3-mile radius, and proximity to established aerospace and healthcare employers. The newer vintage versus the neighborhood’s older average stock supports competitive positioning and potential for targeted value-add improvements without immediate heavy systems overhauls.
Neighborhood home values are relatively accessible in the regional context, so underwriting should consider some competition from ownership; however, improving incomes and neighborhood-level rent-to-income near 0.19 point to sustained leasing resilience and renewal potential. According to commercial real estate analysis from WDSuite, occupancy and recent crime trends compare favorably to national benchmarks, supporting long-term income stability assumptions while warranting disciplined expense and amenity planning in a lower-amenity corridor.
- 2010 construction offers competitive positioning versus older neighborhood stock and targeted value-add upside
- High neighborhood occupancy supports lease-up and renewal prospects at the submarket level
- Workforce demand supported by nearby aerospace, environmental services, and healthcare employers
- Income growth and manageable rent-to-income ratios aid pricing power and retention
- Risks: lower amenity density and potential competition from entry-level ownership require thoughtful asset management