| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 20th | Fair |
| Amenities | 20th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1264 W Rosamond Blvd, Rosamond, CA, 93560, US |
| Region / Metro | Rosamond |
| Year of Construction | 2009 |
| Units | 81 |
| Transaction Date | 2007-03-22 |
| Transaction Price | $800,000 |
| Buyer | 1264 W ROSAMOND BLVD LP |
| Seller | AMES TIMOTHY S |
1264 W Rosamond Blvd Rosamond Multifamily Investment
2009-vintage, 81-unit asset positioned for occupancy stability in a predominantly owner-occupied pocket with improving safety trends, according to WDSuite s CRE market data. Newer construction versus local stock supports competitive positioning while serving workers along the Antelope Valley aerospace corridor.
The property sits in a suburban Rosamond neighborhood within the Bakersfield, CA metro where the average building stock skews older (circa 1980). Being 2009 construction, the asset is newer than typical nearby inventory, which can support leasing velocity and lessen immediate capital needs, though investors should plan for mid-life system updates and potential common-area refresh to maintain competitiveness.
Neighborhood occupancy is strong and sits in the upper quartile nationally, supporting cash flow durability for stabilized multifamily. While renter-occupied share is under one-third of housing units locally, that owner tilt often translates into a defined but reliable renter base rather than transient turnover, with demand anchored by workforce households.
Within a 3-mile radius, demographics indicate modest recent population growth with a larger family presence and increasing household incomes, expanding the potential tenant base. Forward-looking projections point to additional population growth and income gains, which typically support rent fundamentals and occupancy stability as more households enter or remain in the rental market.
Local amenities are relatively limited compared with metro peers (below the Bakersfield median for cafes, groceries, parks), though basic services such as pharmacies are accessible and restaurant density is moderate. Median home values are lower than many California markets, which can create some competition from ownership; however, rent-to-income levels around the neighborhood suggest manageable affordability pressure that can aid retention and steady lease renewals.
According to WDSuite s CRE market data, the neighborhood benchmarks as safer than the national average overall, placing roughly in the upper third of neighborhoods nationwide. Recent data also points to year-over-year declines in both violent and property offense rates, a constructive trend for resident retention and leasing.
As always, investors should evaluate micro-location variation and property-level security measures, but the comparative and trending data indicate conditions that are supportive of multifamily operations versus many peer areas.
Nearby employment is anchored by aerospace, environmental services, and medical/life sciences distribution, providing a diverse commuter base that supports renter demand and lease stability at the property.
- Lockheed Martin Aeronautics Co. aerospace & defense (17.6 miles)
- Waste Management Palmdale environmental services (20.4 miles)
- Boston Scientific Neuromodulation medical devices (37.2 miles)
- AmerisourceBergen pharmaceutical distribution (37.6 miles)
This 2009-built, 81-unit property offers a relative-quality advantage versus an area where typical stock dates to the 1980s, supporting leasing and competitive positioning. Neighborhood occupancy trends are in the national top quartile and the 3-mile trade area shows population growth with higher-income cohorts expanding, pointing to a steady tenant base. Ownership-leaning housing nearby implies a smaller but consistent renter pool, while home values below coastal California norms temper rent spikes but can aid retention and reduce volatility. Based on commercial real estate analysis from WDSuite, current conditions favor stable operations with selective value-add for mid-life systems and amenities.
Key considerations include limited neighborhood amenities versus metro medians and commuter-oriented living, which may require thoughtful on-site offerings and pricing discipline. Still, proximity to the Antelope Valley aerospace-industrial corridor and improving safety trends support a durable, workforce-driven demand story.
- Newer 2009 vintage versus local 1980s stock supports competitiveness and moderates near-term capex
- Neighborhood occupancy in the national upper quartile supports cash flow stability
- 3-mile area shows population and income growth, expanding the renter pool and supporting rent fundamentals
- Workforce demand linked to nearby aerospace and industrial employers underpins leasing
- Risks: limited local amenities and a smaller renter concentration require focused asset management and amenity strategy