| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Poor |
| Demographics | 12th | Poor |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 370 W Los Angeles Ave, Shafter, CA, 93263, US |
| Region / Metro | Shafter |
| Year of Construction | 1977 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
370 W Los Angeles Ave, Shafter CA Multifamily Investment
Neighborhood occupancy sits in the low-90s, pointing to steady renter demand, according to WDSuite’s CRE market data. With a 1977 vintage and 48 units, this asset offers scale for operational efficiency in a workforce-oriented submarket.
The property sits in an Inner Suburb pocket of the Bakersfield, CA metro where neighborhood occupancy trends are in the low-90s and above the national median, based on commercial real estate analysis from WDSuite. A renter-occupied share a little over half suggests a meaningful tenant base that can support leasing stability, while also indicating ongoing demand for multifamily product.
Amenities skew practical rather than lifestyle-heavy: grocery access ranks competitively versus many U.S. neighborhoods (high national percentile), while cafes, parks, and pharmacies are limited locally. Restaurant density is modest. Average school ratings in the area track below metro norms, which investors should factor into leasing strategy and tenant mix.
Within a 3-mile radius, recent population growth has been modest with a continued, if slower, expansion forecast. Households are expected to increase over the next five years alongside a slight moderation in average household size, supporting a larger renter pool and occupancy stability. Median contract rents have been trending upward, and rent-to-income levels indicate manageable affordability pressure, which can aid retention when paired with disciplined lease management.
The asset’s 1977 construction is newer than the neighborhood’s average vintage, signaling a potential competitive edge versus older stock. That said, systems and common areas may still benefit from targeted value-add work to enhance curb appeal and support rent positioning.
Neighborhood-level crime data for this specific area is not available in WDSuite for the current period. Investors should benchmark city and county trends and compare against peer submarkets to assess relative safety and its implications for leasing and retention.
This 48-unit, 1977-vintage property offers scale in a workforce-oriented corridor where neighborhood occupancy trends hold in the low-90s. The local renter-occupied share just over half indicates depth in the tenant base, while gradual population and household growth within a 3-mile radius point to steady demand and support for pricing discipline over time. According to WDSuite’s commercial real estate analysis, grocery access is a relative strength, though lifestyle amenities are thinner and school ratings trail metro averages—factors that may require nuanced leasing and resident service strategies.
Investor upside centers on operational execution and selective renovations to modernize interiors and common areas, positioning the asset ahead of older neighborhood stock. With ownership costs comparatively accessible in the area, competition from entry-level for-sale options is a consideration; however, consistent renter demand and trending rents suggest room for stable performance if underwriting reflects conservative lease-up and renewal assumptions.
- Stable neighborhood occupancy supports cash flow resilience
- 1977 vintage enables targeted value-add to outcompete older stock
- 3-mile household growth and modest rent momentum bolster tenant demand
- Practical amenity base (strong grocery access) suits workforce renters
- Risks: thinner lifestyle amenities, below-average school ratings, and competition from ownership options