| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 25th | Fair |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 524 Pacific Ave, Shafter, CA, 93263, US |
| Region / Metro | Shafter |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
524 Pacific Ave, Shafter CA Multifamily Investment
Positioned in an inner-suburb of the Bakersfield metro, this 20-unit asset benefits from steady neighborhood occupancy and strong daily-needs access, according to WDSuite’s CRE market data. The core investor takeaway is durable renter demand supported by nearby amenities and a high-cost ownership market that sustains multifamily reliance.
The property sits in an Inner Suburb of the Bakersfield, CA metro with an A- neighborhood rating and amenity access that is competitive among Bakersfield neighborhoods (38th of 247 overall). Daily-needs coverage is a clear strength: grocery and pharmacy density rank well within the metro and score in the top quartile nationally, supporting leasing convenience and retention for residents.
Food-and-beverage options are relatively dense for the area, with restaurants and cafes outperforming many local peers. Parks also score above the metro median by rank, giving residents nearby recreation. School quality trends below both metro and national benchmarks, which investors should account for when targeting family-oriented tenant profiles and underwriting renewal probabilities.
Neighborhood occupancy is above the national median for similar areas, supporting baseline stability. Renter-occupied share at the neighborhood level is closer to one-third of housing units, suggesting a balanced tenure mix; within a 3-mile radius, the renter concentration is higher, broadening the tenant pool for a 20-unit community and aiding leasing continuity.
Construction patterns skew older across the neighborhood (average vintage mid-century). With a 1985 build, the asset is newer than much of the local stock, which can improve competitive positioning versus older properties; investors should still evaluate building systems and common-area updates to support rentability and reduce near-term capital surprises.
Within a 3-mile radius, recent population and household counts show modest growth and are projected to continue expanding, indicating a gradually larger tenant base. Median home values in the neighborhood trend elevated relative to incomes (top quartile nationally by value-to-income), which reinforces reliance on multifamily rentals and can support pricing power when managed with attention to rent-to-income affordability.
Safety signals are mixed but generally favorable in a broader context. Nationally, the neighborhood’s overall crime profile trends better than average, placing it above the national median for safety. Property-related offenses benchmark in a strong national position and have improved year over year, which can support resident satisfaction and reduce friction at turn.
Within the Bakersfield metro (247 neighborhoods), the neighborhood’s crime rank indicates it is not among the safest local quartile, so investors should plan standard security measures and proactive onsite practices. Violent offense indicators are better than national norms by percentile, but recent year-over-year trends show some volatility; prudent asset management and community engagement can help maintain stability over the hold period.
This 20-unit 1985 vintage property offers a practical balance of stability and upside relative to older neighborhood stock. Daily-needs accessibility is a local strength, while national percentiles for grocery, restaurants, and pharmacies sit in higher tiers—factors that support occupancy and renewal. Neighborhood occupancy trends above national midpoints, and within a 3-mile radius, gradual population and household growth point to a slowly expanding renter base. Elevated home values relative to incomes sustain reliance on rentals, while the rent-to-income backdrop remains manageable for lease retention.
Based on commercial real estate analysis from WDSuite, the location’s amenity depth and nationally favorable safety positioning on property-related offenses underpin durable demand. Investors should still underwrite for school-quality sensitivities, typical security measures given mixed metro-relative crime ranks, and selective modernization to keep the 1985 asset competitive against newer options.
- Amenity-rich inner-suburb location supports leasing and renewals.
- 1985 vintage is newer than much of the area, with targeted updates offering value-add potential.
- Expanding 3-mile renter pool and above-median neighborhood occupancy aid stability.
- Elevated ownership costs reinforce multifamily demand and pricing discipline.
- Risks: below-average school ratings and mixed metro-relative safety require careful leasing and asset management.