| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 40th | Good |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 654 W E St, Tehachapi, CA, 93561, US |
| Region / Metro | Tehachapi |
| Year of Construction | 1990 |
| Units | 44 |
| Transaction Date | 2017-06-23 |
| Transaction Price | $489,500 |
| Buyer | PK TEHACHAPI SENIOR LP |
| Seller | TEHACHAPI HOUSING ASSOCIATES |
654 W E St Tehachapi Multifamily Investment
This 44-unit property built in 1990 positions investors in an inner suburb neighborhood with strong occupancy fundamentals and above-average amenity access according to CRE market data from WDSuite.
Located in Tehachapi's inner suburb environment, this neighborhood demonstrates solid multifamily fundamentals with 95.5% occupancy rates ranking in the top quartile among 247 metro neighborhoods. The area maintains a balanced tenure profile with 53.5% of housing units renter-occupied, supporting consistent rental demand depth.
Built in 1990, this property aligns with the neighborhood's average construction year of 1959, positioning it as newer vintage that may require less immediate capital expenditure compared to older area stock. Demographic data aggregated within a 3-mile radius shows household income growth of 54.3% over five years, with median household income reaching $76,008, supporting tenant retention and lease renewal stability.
The neighborhood ranks in the 81st national percentile for amenity access, with above-average density of restaurants, cafes, and parks that enhance tenant appeal. Contract rents at $1,189 median represent a 42.8% increase over five years, while rent-to-income ratios remain manageable, indicating pricing power without excessive affordability pressure on tenant retention.
Forward-looking demographics project 10% population growth through 2028, with household counts expected to increase 53.8%, expanding the potential renter pool. Median household income is forecast to rise to $112,544, suggesting continued support for rent growth and occupancy stability.
Property crime rates in this neighborhood rank 218th among 247 metro neighborhoods, indicating higher crime levels relative to the Bakersfield metro area. However, recent trends show property crime declining 18.9% year-over-year, ranking in the 62nd national percentile for improvement.
Violent crime rates remain more moderate at 68.6 incidents per 100,000 residents, though they increased 56.7% year-over-year. Investors should factor security considerations into property management strategies and tenant screening processes while monitoring ongoing crime trend developments.
The employment base draws from aerospace and waste management sectors, providing workforce housing demand from commuters to established corporate operations.
- Lockheed Martin Aeronautics Co. — defense & aerospace (40.8 miles)
- Waste Management - Palmdale — waste management services (42.6 miles)
This 44-unit property offers exposure to a neighborhood with demonstrated occupancy strength, ranking in the top quartile among 247 Bakersfield metro neighborhoods at 95.5%. The 1990 construction year positions the asset as newer vintage relative to the area's 1959 average, potentially reducing near-term capital expenditure requirements while maintaining competitive positioning.
Demographic projections within the 3-mile radius support long-term rental demand, with household growth of 53.8% expected through 2028 and median income rising to $112,544. The neighborhood's 81st national percentile amenity ranking and balanced 53.5% renter occupancy share provide tenant retention advantages, though investors should monitor crime trends and factor security considerations into operational planning.
- Top quartile neighborhood occupancy at 95.5% demonstrates rental demand stability
- 1990 vintage newer than area average, reducing immediate capital expenditure needs
- 53.8% projected household growth through 2028 expands tenant base
- 81st percentile amenity access supports tenant retention and lease renewals
- Crime trends require ongoing monitoring and security planning considerations