| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 42nd | Good |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20401 Brian Way, Tehachapi, CA, 93561, US |
| Region / Metro | Tehachapi |
| Year of Construction | 1987 |
| Units | 22 |
| Transaction Date | 2020-01-14 |
| Transaction Price | $1,540,000 |
| Buyer | NEWTON LEE LLC |
| Seller | SATICOY DEVELOPMENT COMPANY LLC |
20401 Brian Way Tehachapi Multifamily Investment
This 22-unit suburban property built in 1987 offers value-add potential in a neighborhood ranking in the top quartile among 247 metro neighborhoods for overall performance.
Located in a suburban neighborhood rated A- overall, this property sits in an area that ranks 40th among 247 neighborhoods in the Bakersfield metro. The neighborhood demonstrates solid fundamentals with a 90.2% occupancy rate and median contract rents of $1,052, though occupancy has declined slightly over the past five years. Demographics within a 3-mile radius show a stable population of approximately 13,200 residents with modest growth of 3.6% over five years.
The property's 1987 construction year aligns closely with the neighborhood average of 1992, indicating potential value-add opportunities through targeted renovations and unit improvements. With 26.7% of housing units renter-occupied, the area maintains a meaningful rental market, while the median household income of $91,404 provides a solid tenant base. Home values averaging $394,273 have appreciated 64.9% over five years, potentially supporting rental demand as ownership costs rise.
Amenity access remains limited with minimal cafe and childcare density, though the neighborhood offers adequate grocery and restaurant options. The rent-to-income ratio of 0.13 suggests favorable affordability for tenants, supporting occupancy stability. Forward-looking demographics project household growth of 64% through 2028, with the renter pool expanding from approximately 2,300 to 2,900 units, indicating strengthening multifamily demand fundamentals.
Safety metrics show the neighborhood performing near metro averages, ranking 97th among 247 neighborhoods for property crime with an estimated rate of 225.5 incidents per 100,000 residents. More encouraging is the 35.8% decline in property crime over the past year, ranking 28th among metro neighborhoods for improvement trends. Violent crime rates remain relatively low at 28.4 incidents per 100,000 residents, placing the area in the middle range among Bakersfield metro neighborhoods.
The overall crime ranking of 61st among 247 neighborhoods translates to the 58th national percentile, indicating performance slightly above the national median for similar suburban areas. While not among the safest neighborhoods in the metro, the recent downward trend in property crime suggests improving conditions that may support tenant retention and property values.
The employment base includes major aerospace and corporate employers within commuting distance, supporting workforce housing demand in the region.
- Lockheed Martin Aeronautics Co. — defense & aerospace (41.5 miles)
- Waste Management - Palmdale — waste services (43.2 miles)
This 22-unit property built in 1987 presents a value-add opportunity in a neighborhood that ranks in the top quartile among Bakersfield metro areas. The property's vintage aligns with neighborhood norms, creating potential for strategic renovations to capture rent premiums. According to multifamily property research from WDSuite, demographic projections show household growth of 64% through 2028, expanding the local renter pool from approximately 2,300 to 2,900 units.
Current fundamentals include a stable occupancy rate of 90.2% and median rents of $1,052, with a favorable rent-to-income ratio of 0.13 supporting tenant affordability. Home value appreciation of 64.9% over five years may continue to support rental demand as ownership costs rise. The neighborhood's A- rating and improving crime trends provide a foundation for long-term stability, though investors should monitor the recent occupancy decline and limited amenity access.
- Value-add potential through renovations of 1987-vintage units in top-quartile neighborhood
- Projected 64% household growth through 2028 expanding renter pool significantly
- Favorable rent-to-income ratio of 0.13 supporting tenant affordability and retention
- Recent property crime decline of 35.8% indicating improving safety trends
- Risk: Recent occupancy decline and limited local amenity access require monitoring