| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 34th | Good |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 420 Finley Dr, Taft, CA, 93268, US |
| Region / Metro | Taft |
| Year of Construction | 1985 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
420 Finley Dr, Taft CA Multifamily Investment
Stabilized neighborhood occupancy and an accessible rent profile suggest steady renter demand in Taft’s inner-suburban context, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood of the Bakersfield, CA metro that ranks 34 out of 247 metro neighborhoods, placing it in the top quartile locally. Neighborhood occupancy is 94.4%, indicating stable leasing conditions at the neighborhood level rather than the property itself. Median contract rent in the area is $870 with a rent-to-income ratio near 0.16, supporting retention and measured pricing power for workforce-oriented units.
Daily needs are well-covered: grocery and restaurant density rank 28 and 24 out of 247 respectively, translating to convenient access for residents. Cafe and pharmacy availability are also competitive relative to many Bakersfield neighborhoods, while park access is limited, which investors should factor into amenity planning. Average school ratings in the neighborhood are below metro norms, which can influence the family renter segment.
Vintage positioning is favorable: with neighborhood stock averaging 1950, a 1985 build is newer than much of the local inventory. That typically enhances competitiveness versus older product, though selective modernization of interiors and building systems may still be warranted for repositioning.
Within a 3-mile radius, population has edged down modestly over the past five years while household counts have been roughly flat, and forward-looking data indicate households could increase even if population contracts. This pattern points to smaller household sizes and a reshaping renter pool, which can support occupancy stability for well-managed assets. This commercial real estate analysis aligns with conditions seen in similar Central Valley submarkets.
Safety indicators compare favorably against national benchmarks overall. The neighborhood’s composite crime positioning is above the national midpoint (62nd percentile), and violent incidents trend comparatively safer (around the mid-70s percentile nationwide). Recent data also show a year-over-year decline in violent offenses, which is a constructive signal.
At the same time, property-related incidents have risen in the latest year, so owners should plan for practical measures such as lighting, access control, and resident engagement to support retention. These insights reflect area-level patterns rather than property-specific conditions and are measured against 247 Bakersfield metro neighborhoods and nationwide distributions.
This 68-unit, 1985-vintage asset offers a relative edge versus older neighborhood stock, with neighborhood occupancy at 94.4% supporting a consistent leasing backdrop. The local rent-to-income profile suggests room for disciplined revenue management rather than aggressive pushes, and home values in a high-cost ownership state like California help sustain reliance on rental housing. Based on CRE market data from WDSuite, the submarket sits competitive among Bakersfield neighborhoods, aided by strong access to daily amenities.
Demographic data within a 3-mile radius show modest population contraction historically but a potential increase in households ahead, indicating smaller household sizes and a larger tenant base relative to population counts. Limited park access and below-average school ratings present considerations for family-oriented leasing, but proximity to groceries, restaurants, and services can bolster retention for workforce renters. Select upgrades may enhance positioning against older nearby properties while maintaining affordability.
- Competitive neighborhood rank (34 of 247) with stable area occupancy supporting leasing consistency
- 1985 vintage outpositions older local stock, with value-add potential through targeted modernization
- Accessible neighborhood rent and balanced rent-to-income ratio support retention and steady cash flow
- Amenity density (groceries, restaurants, pharmacies) enhances renter convenience and reduces turnover friction
- Risk factors: limited park access, lower school ratings, and recent uptick in property-related incidents warrant active asset management