| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 67th | Best |
| Amenities | 5th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 22709 Woodford Tehachapi Rd, Tehachapi, CA, 93561, US |
| Region / Metro | Tehachapi |
| Year of Construction | 1980 |
| Units | 29 |
| Transaction Date | 2008-01-16 |
| Transaction Price | $1,300,000 |
| Buyer | WILLOW TREE APARTMENTS LLC |
| Seller | LUKIMAN ALAMSYAH |
22709 Woodford Tehachapi Rd, Tehachapi CA Multifamily Investment
Neighborhood occupancy near 91% and a low rent-to-income profile point to steady renter retention, according to WDSuite’s CRE market data. Positioning in a suburban Bakersfield-area pocket supports workforce demand with relatively modest rent levels.
This suburban Tehachapi location sits within the Bakersfield, CA metro and rates as a B neighborhood, competitive among Bakersfield neighborhoods (ranked 93 out of 247 metro neighborhoods). For investors, that means local fundamentals are serviceable, with room to differentiate through operations and finishes versus older nearby stock.
Renter demand is underpinned by incomes that are top quartile nationally while contract rents trend above the national median, based on CRE market data from WDSuite. The neighborhood’s occupancy is approximately 91%, which is near the national mid-range; read this as a stable baseline rather than a supply-constrained environment. In a market where the rent-to-income ratio is low by national standards, lease retention tends to be manageable, supporting steady cash flow when pricing is calibrated to value.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to expand further, indicating a larger tenant base over time. Renter-occupied share in this radius is roughly one-quarter today and is expected to rise, which would deepen the multifamily demand pool and support occupancy stability.
Amenity density in the immediate area is limited (few cafes, groceries, parks, and pharmacies per square mile), so competitive positioning leans on practical access, on-site features, and value. Elevated home values relative to national norms reinforce reliance on multifamily for many households, but ownership is still more accessible than in coastal California; investors should expect some competition from entry-level ownership, making unit quality and management execution important for lease retention.
Safety indicators compare favorably to national norms overall, with the neighborhood landing above the national median for safety according to WDSuite’s data. Property offenses have declined year over year, a constructive trend for investor confidence in resident retention and asset preservation.
That said, violent offense measures show recent increases even as overall safety remains better than average nationally. Investors should underwrite with a balanced view: macro comparisons are favorable, but monitoring trendlines and engaging in standard security and lighting practices remains prudent.
Regional employers within commuting range help support workforce housing demand, with aerospace as a notable draw referenced below.
- Lockheed Martin Aeronautics Co. — aerospace (43.1 miles)
This 29-unit asset aligns with a stable, suburban renter base where neighborhood occupancy sits around the national middle and rent-to-income levels are favorable for retention. According to CRE market data from WDSuite, incomes in the area are strong relative to national benchmarks while median contract rents remain moderate, supporting a balanced mix of demand depth and pricing power without overextending tenants.
Demographic indicators within a 3-mile radius point to continued population and household growth and a rising renter-occupied share, which together suggest a gradually expanding tenant pool. With limited amenity density locally, competitive advantage can come from thoughtful capital planning, curb appeal, and resident experience that encourage renewals and steady occupancy.
- Favorable rent-to-income environment supports lease retention and steady cash flow
- Strong local incomes versus national norms underpin renter demand
- Expanding 3-mile population and rising renter share point to a larger tenant base over time
- Operational upside via unit finishes and resident experience in a low-amenity submarket
- Risk: Mixed safety trendlines and limited nearby amenities warrant prudent underwriting and on-site management focus