| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Poor |
| Demographics | 12th | Poor |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 431 E Euclid Ave, Shafter, CA, 93263, US |
| Region / Metro | Shafter |
| Year of Construction | 1986 |
| Units | 42 |
| Transaction Date | 2010-04-20 |
| Transaction Price | $1,101,500 |
| Buyer | KERN 2008 COMMUNITY PARTNERS LP |
| Seller | HUDSON PARK INVESTORS |
431 E Euclid Ave, Shafter CA Multifamily Investment
Neighborhood occupancy is steady and renter concentration is high, according to WDSuite’s CRE market data, supporting demand visibility for a 42-unit asset in Kern County. Relative homeownership costs nearby suggest balanced pricing power for operators while maintaining a broad tenant base.
Positioned in Shafter within the Bakersfield metro, the property sits in an Inner Suburb neighborhood with a neighborhood rating of C-. Neighborhood occupancy is measured at 93.2% (neighborhood metric, not the property), placing it above the national median per WDSuite’s CRE market data. The share of renter-occupied housing units is also elevated at the neighborhood level, ranking 52 out of 247 metro neighborhoods (top quartile in Bakersfield) and in the 90th percentile nationally—an indicator of a deep tenant pool for multifamily.
Daily-needs access is a relative strength: grocery store density is in the 88th percentile nationally (top quartile), which helps with resident convenience and retention. Other lifestyle amenities are thinner locally, with limited cafes, parks, and pharmacies—factors investors should consider when positioning for leasing and renewals. School options in the area trend below national averages (national percentile around the mid-30s), which may shape tenant mix and marketing focus.
For rent levels and affordability, neighborhood median contract rents track in the lower-third nationally while the rent-to-income ratio sits near 0.23, indicating moderate affordability pressure from a resident perspective and potentially steadier collections for operators. Median home values in the neighborhood are comparatively lower than many California markets, which can create a more accessible ownership landscape; for multifamily, that means pricing power may be more moderate and operators should emphasize value and convenience to support leasing velocity.
Within a 3-mile radius, WDSuite reports modest population growth over the last five years with a projected increase in households ahead—signals that can expand the renter pool and support occupancy stability. Household sizes are larger than U.S. norms in the nearby area, and incomes have risen meaningfully in recent years, both relevant to unit mix planning and renewal strategies.
Vintage context: the average neighborhood construction year skews older (1960s), while this property was built in 1986. Being newer than much of the local stock can aid competitiveness; however, investors should plan for ongoing system updates and potential value-add modernization typical of 1980s assets.
Neighborhood-level crime estimates are not available for this location in WDSuite at this time. Investors typically benchmark safety by comparing city and Kern County trends with on-the-ground diligence, then layering in property-level controls (lighting, access management) and resident feedback to assess operational risk and retention impacts.
Given the absence of comparable rank or percentile data for this neighborhood, a prudent approach includes reviewing recent police blotter summaries, speaking with nearby operators, and evaluating daytime versus evening activity patterns to inform underwriting assumptions.
431 E Euclid Ave offers a 42-unit, 1986-vintage asset in a renter-heavy neighborhood where occupancy readings are above the national median and grocery access is a relative strength. Based on commercial real estate analysis from WDSuite, neighborhood renter concentration sits in the top quartile within the Bakersfield metro and the 90th percentile nationally, supporting depth of demand. While lifestyle amenities beyond groceries are limited, the combination of steady neighborhood occupancy and a broad tenant base points to durable leasing fundamentals with prudent operations.
The asset’s 1980s construction is newer than much of the surrounding housing stock, offering competitive positioning versus older properties and potential value-add via targeted interior and system upgrades. Nearby ownership costs are comparatively accessible, which can temper rent growth outperformance, but rent-to-income metrics indicate manageable affordability pressure that can support retention with thoughtful renewals and service quality.
- Renter-heavy neighborhood (top quartile in metro; high national percentile) supports stable tenant demand
- Neighborhood occupancy above national median aids revenue visibility (neighborhood metric, not property)
- 1986 vintage is newer than local average, creating value-add and competitive repositioning potential
- Strong grocery access enhances resident convenience and can support renewals
- Risks: thinner lifestyle amenities, relatively accessible ownership nearby, and required capital for 1980s systems