| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 42nd | Good |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 851 Tucker Rd, Tehachapi, CA, 93561, US |
| Region / Metro | Tehachapi |
| Year of Construction | 1987 |
| Units | 32 |
| Transaction Date | 2001-08-14 |
| Transaction Price | $2,100,000 |
| Buyer | INDIAN CREEK VILLAGES APTS LLC |
| Seller | BURGGRAF ROBERT O |
851 Tucker Rd, Tehachapi CA — 32-Unit Multifamily
Neighborhood occupancy is steady and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data. The property s suburban setting offers defensible pricing with room for value-add execution.
Located in Tehachapi within the Bakersfield, CA metro, the neighborhood carries a B+ rating and shows balanced suburban fundamentals. Amenity concentration ranks 97th of 247 metro neighborhoods, which is competitive among Bakersfield neighborhoods while landing around the lower half nationally. Limited café and grocery density suggests residents rely on a broader trade area, though pharmacy and childcare access track above many peers.
The average construction year in the neighborhood is 1989, while the subject a0property a0was built in 1987. This slightly older vintage points to typical 1980s systems and interiors, creating practical value-add and modernization opportunities to improve competitive positioning against newer stock.
Renter-occupied housing within a 3-mile radius accounts for roughly one-third of units, indicating a meaningful tenant base without overexposure. Neighborhood median rents sit in the middle range for the metro (ranked 83rd of 247) and near the 60th percentile nationally, supporting demand depth at mainstream price points. With a rent-to-income ratio around 0.15, lease management can emphasize retention over sharp increases, aligning with steady cash flow objectives for investors engaged in multifamily property research.
Home values in the neighborhood score near the upper tier nationally (about the 78th percentile), signaling a relatively high-cost ownership market that can sustain reliance on rental housing. While the neighborhood a0occupancy rank trends below the metro median (191st of 247), demographic momentum within a 3-mile radius — including recent population growth and an expected increase in households — expands the local renter pool and can support leasing stability with prudent asset management, based on CRE market data from WDSuite.
Safety indicators present a mixed but improving picture. Within the Bakersfield metro, the neighborhood a0ranks 10th out of 247 on reported crime, indicating higher incident levels relative to many local peers. However, compared with neighborhoods nationwide, overall safety metrics land in the top quartile, and both property and violent offense rates show notable year-over-year declines, pointing to positive momentum.
For investors, this translates to standard risk management and security practices being advisable, while recent downward trends in incidents provide a constructive backdrop for lease-up and retention strategies.
Regional employment is anchored by defense/aerospace and environmental services within a commutable radius, supporting workforce renter demand and retention. The list below highlights key nearby employers relevant to the property 19s tenant base.
- Lockheed Martin Aeronautics Co. — defense & aerospace (40.6 miles)
- Waste Management - Palmdale — environmental services (42.4 miles)
This 32-unit, 1987-vintage asset offers a practical value-add path in a suburban submarket where median rents sit mid-pack metro-wide and national affordability supports tenant retention. Within a 3-mile radius, recent population growth and a projected increase in households point to a larger tenant base over the next several years, supporting occupancy stability with disciplined operations. According to CRE market data from WDSuite, neighborhood home values benchmark high nationally, which tends to reinforce reliance on rental housing and provides a supportive backdrop for stabilized multifamily demand.
The asset 19s slightly older vintage relative to neighborhood norms suggests modernization can enhance competitiveness versus late-1980s and 1990s stock. While neighborhood occupancy ranks below the metro median, measured rent levels and a moderate rent-to-income profile favor retention-focused management, with leasing performance tied to thoughtful renovations, targeted marketing, and consistent service quality.
- Suburban location with mid-market rent positioning that aligns with a broad renter base
- 1987 vintage supports value-add upgrades to improve competitiveness and rent roll quality
- 3-mile population and household growth expands the tenant pool, aiding leasing stability
- High-cost ownership context supports sustained rental demand and retention strategies
- Risk: Neighborhood occupancy ranks below metro median, requiring active lease management and targeted renovations