| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 40th | Good |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 554 W E St, Tehachapi, CA, 93561, US |
| Region / Metro | Tehachapi |
| Year of Construction | 1984 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
554 W E St, Tehachapi CA Multifamily Investment
Neighborhood occupancy in the mid-90s and a renter-occupied share above half indicate a stable tenant base nearby, according to CRE market data from WDSuite. This positioning supports steady leasing for well-managed assets in Tehachapi s inner-suburban context.
The property sits in an Inner Suburb neighborhood that is competitive among Bakersfield, CA neighborhoods (ranked 13 out of 247), with a mix of daily needs and recreation that supports renter retention. Caf e9s, groceries, restaurants, parks, and pharmacies all index above national medians, with parks and restaurant density reaching top-quartile levels nationally. These amenity concentrations help underpin day-to-day livability and leasing appeal for multifamily.
Neighborhood occupancy is strong at 95.5% (above the national median), suggesting stable absorption and reduced downtime between turns. Median contract rents in the neighborhood sit near the middle of national distributions, which, paired with a rent-to-income ratio near one-fifth, points to manageable affordability pressure and potential for measured rent growth without overextending residents. For investors, that balance can support pricing power while limiting lease management risk.
Construction year for this asset is 1984, notably newer than the neighborhood 19s older housing stock (average vintage 1959). The relative youth of the structure may reduce near-term capital exposure versus mid-century assets, while select system upgrades and common-area refreshes could enhance competitiveness against newer product.
Unit tenure dynamics also favor multifamily demand: the neighborhood 19s renter-occupied share is 53.5%, indicating depth in the tenant pool and consistent leasing velocity for appropriately positioned units. Within a 3-mile radius, population and household counts have grown over the past five years, with additional increases projected by 2028; this trajectory expands the renter pool and supports occupancy stability over a multi-year hold.
Home values in the neighborhood are lower than many California markets, which can introduce some competition from ownership options. Even so, the combination of amenity access, above-median neighborhood occupancy, and growing 3-mile household counts supports sustained multifamily demand and lease retention for well-managed assets.
Safety indicators in the neighborhood track below national medians overall (lower national percentiles indicate more reported crime), with violent offense measures also below the national midpoint. Property offense measures sit weaker versus national comparisons; however, recent data show year-over-year improvement in property offenses, indicating a constructive trend. As always, investors should evaluate security, lighting, and operations to support resident comfort and retention, and compare against nearby Bakersfield submarkets for context.
Regional employment includes aerospace and industrial services within commuting reach, which can support workforce renter demand and lease stability for value-aligned units.
- Lockheed Martin Aeronautics Co. aerospace (40.8 miles)
- Waste Management Palmdale waste & environmental services (42.6 miles)
This 37-unit, 1984-vintage asset benefits from a neighborhood that is competitive within the Bakersfield metro, with above-median occupancy and amenity access that supports retention. The property 19s vintage is newer than much of the local housing stock, potentially lowering near-term capital needs while leaving room for targeted value-add to sharpen positioning against newer deliveries. According to CRE market data from WDSuite, the surrounding neighborhood shows stable occupancy and renter demand characteristics that align with steady cashflow objectives.
Within a 3-mile radius, population and household growth 14with further increases projected 14points to a larger tenant base over time, while neighborhood-level rent levels and a moderate rent-to-income profile suggest room for disciplined rent optimization. Home values that are more accessible than coastal California can create some ownership competition, but they also keep multifamily options relevant for households prioritizing convenience and flexibility.
- Neighborhood occupancy above national median supports leasing stability
- 1984 construction offers relative CapEx advantage with targeted upgrade upside
- Amenity-rich context (parks, food, daily needs) aids retention and rentability
- 3-mile population and household growth expands the renter pool over the hold
- Risk: Safety metrics trail national medians; emphasize security and resident experience