| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 34th | Good |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 8th St, Taft, CA, 93268, US |
| Region / Metro | Taft |
| Year of Construction | 1997 |
| Units | 61 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
201 8th St Taft CA Multifamily Investment
Neighborhood occupancy is firm and renter demand is supported by a sizable tenant base, according to WDSuite’s CRE market data, positioning this asset for steady leasing performance in a workforce-oriented pocket of Kern County.
This Inner Suburb location ranks in the top quartile among 247 Bakersfield neighborhoods (Neighborhood Rating: A), signaling competitive fundamentals at the neighborhood level rather than property-specific guarantees. The area’s occupancy sits above the metro median, a constructive backdrop for maintaining stabilization and managing turnover.
Local convenience is a relative strength: the neighborhood scores well for grocery and dining access compared with many Bakersfield peers, while formal parks are limited. Average school ratings trail regional norms, which may shape family renter profiles but does not preclude steady demand for well-managed multifamily.
The property’s 1997 construction is newer than the neighborhood’s older housing stock (average vintage circa 1950). That vintage typically competes well against older product while still benefiting from targeted modernization and systems updates to sustain positioning and reduce near- to medium-term capital surprises.
Within a 3-mile radius, demographics indicate a large working-age population and a renter-occupied housing share that supports a deeper tenant pool. Recent years show modest population softness with relatively stable household counts; going forward, projections call for a higher household total even as population trends ease, which suggests smaller household sizes and a renter pool that can support occupancy stability for value-conscious units. Median home values in the neighborhood are lower than many California markets, which can increase competition from ownership, but rent levels and a manageable rent-to-income profile help support retention and pricing discipline for professionally operated assets.
Safety indicators are mixed but trending constructively on key measures. Violent offense levels benchmark in the higher national percentiles (safer than many neighborhoods nationwide), and recent year-over-year trends show improvement. Property offense sits in a comparatively favorable national percentile as well, though the most recent change data point indicates some near-term volatility that investors should monitor. Overall, results are competitive among Bakersfield neighborhoods and suggest that standard multifamily security practices should align with market expectations.
This 61-unit, 1997-vintage asset in Taft benefits from neighborhood-level stability: occupancy is above the metro median and local amenities are solid for daily needs. The vintage is newer than much of the surrounding stock, offering a competitive edge with potential value-add through targeted interior and building-system updates. According to commercial real estate analysis from WDSuite, renter concentration in the area supports a deeper tenant base, helping sustain leasing and retention for well-managed workforce housing.
Balanced headwinds remain—school ratings are modest, parks are limited, and relatively accessible home prices can create ownership competition. Even so, the combination of steady neighborhood occupancy, a sizable renter pool within a 3-mile radius, and the property’s position versus older comparables supports a durable income thesis with operational upside from thoughtful renovations and disciplined lease management.
- Neighborhood occupancy above the Bakersfield metro median supports stable leasing
- 1997 vintage outcompetes older local stock with room for targeted modernization
- Strong renter concentration within 3 miles deepens the tenant base and supports retention
- Convenient access to groceries and dining underpins day-to-day livability for residents
- Risks: modest school ratings, limited parks, and potential competition from ownership options