| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 45th | Good |
| Amenities | 18th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1441 S Green St, Tehachapi, CA, 93561, US |
| Region / Metro | Tehachapi |
| Year of Construction | 1988 |
| Units | 72 |
| Transaction Date | 1993-01-01 |
| Transaction Price | $59,500 |
| Buyer | SIERRA RIDGE 72 LTD |
| Seller | FULLER SHIRLEY A |
1441 S Green St Tehachapi Multifamily Investment
Neighborhood fundamentals show steady renter demand and an occupancy profile near 90% at the neighborhood level, according to WDSuite’s CRE market data. Elevated ownership costs locally support lease retention and pricing discipline for well-managed assets.
Located in suburban Tehachapi within the Bakersfield, CA metro, the property benefits from a renter base supported by local jobs and car-oriented convenience. Neighborhood occupancy is 89.6% (neighborhood-level), indicating generally stable leasing conditions relative to similar suburban nodes.
Compared with Bakersfield-area peers, this neighborhood is competitive among 247 metro neighborhoods on safety and basic services, but walkable amenities are limited (few cafes, parks, and pharmacies), so residents rely on driving for daily needs. Grocery and restaurant availability is serviceable, which helps day-to-day livability without materially changing the car-dependent profile.
Within a 3-mile radius, the population expanded in recent years while the number of households grew even faster, and projections point to flatter population but continued household growth driven by smaller household sizes. This dynamic supports a larger tenant base and sustained multifamily demand. Median incomes have trended upward, and neighborhood rent-to-income levels indicate manageable affordability pressure that can aid lease retention and reduce turnover risk.
Home values sit in a higher-cost ownership context compared with many U.S. neighborhoods, reinforcing reliance on rental housing and supporting demand depth for multifamily. At the same time, public school ratings in the neighborhood are below national averages, which may affect family-driven demand profiles and warrants conservative underwriting. Based on commercial real estate analysis from WDSuite, median contract rents in the neighborhood are around the national mid-to-upper range, aligning with steady, workforce-oriented renter demand.
Safety trends are comparatively solid for the Bakersfield, CA metro. The neighborhood ranks competitively among 247 metro neighborhoods, and sits slightly above the national midpoint for safety. Recent year-over-year declines in both property and violent offense estimates at the neighborhood level point to improving conditions, but investors should continue to monitor trends as part of standard risk management.
Regional employment anchors within commuting range help support workforce renter demand and leasing stability, particularly for residents in aerospace and environmental services.
- Lockheed Martin Aeronautics Co. — defense & aerospace (39.5 miles)
- Waste Management - Palmdale — environmental services (41.3 miles)
Built in 1988, the asset is newer than much of the local stock, offering competitive positioning versus older properties while still warranting targeted capital planning for aging systems and potential modernization. Neighborhood occupancy of 89.6% (neighborhood-level) and a higher-cost ownership landscape support demand resilience and rent collection durability relative to more ownership-accessible areas.
Within a 3-mile radius, recent population growth and a faster increase in households indicate a larger tenant base and more renters entering the market; forward-looking data suggest household gains continue even as average household size declines. Median rents and incomes track in a range that supports occupancy stability; based on CRE market data from WDSuite, local fundamentals align with steady, workforce-focused demand.
- 1988 vintage provides a competitive edge over older stock with room for targeted value-add improvements.
- Neighborhood occupancy near 90% supports stable leasing conditions and cash flow durability.
- Household growth within 3 miles expands the renter pool, supporting retention and lease-up.
- Higher-cost ownership context reinforces multifamily demand and pricing power for well-managed assets.
- Risks: limited walkable amenities and below-average school ratings warrant conservative underwriting and demand segmentation.