| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 13th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1385 Griffith Ave, Wasco, CA, 93280, US |
| Region / Metro | Wasco |
| Year of Construction | 1988 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1385 Griffith Ave, Wasco CA Multifamily Investment
Neighborhood-level occupancy is exceptionally tight and renter demand is supported by a sizable renter-occupied housing base, according to WDSuite’s CRE market data. For investors, the backdrop points to stable leasing with room to optimize operations at a 1988-vintage, 44-unit asset.
Livability is driven more by residential stability than retail density. Local amenity counts within the immediate neighborhood are limited, but the area functions as workforce housing with a renter-occupied share of housing units near one-half (neighborhood metric), which supports a dependable tenant base for multifamily owners.
On housing fundamentals, the neighborhood’s occupancy is at the top among 247 Bakersfield neighborhoods (a neighborhood statistic, not property-specific), signaling durable demand and potentially lower downtime between turns. Median contract rents in the surrounding 3-mile radius remain relatively accessible, which can aid retention while allowing measured rent strategies tied to unit quality.
Demographics aggregated within a 3-mile radius indicate recent population growth alongside a faster increase in households, expanding the pool of prospective renters and supporting occupancy stability over time. The neighborhood’s home values sit near the middle of national peers; in practice, this means ownership is attainable for some households, so well-managed apartments may compete on convenience, move-in costs, and unit finishes.
Vintage context: the average neighborhood construction year is 1976, while this property was built in 1988. Being newer than much of the nearby stock can improve competitive positioning versus older buildings, though investors should still underwrite ongoing modernization of systems and interiors as part of a value-add or lifecycle capital plan.
School ratings in the broader area benchmark below national averages, and amenity densities are thin; investors should plan marketing and tenant-experience strategies accordingly while leveraging affordability and stability as core positioning.
Safety indicators for the neighborhood compare favorably at a national level, with recent data placing it in the higher percentiles nationwide for lower reported crime, based on CRE market data from WDSuite. Year-over-year estimates also point to meaningful declines in both property and violent offense rates, suggesting an improving trend rather than a single data point.
At the metro scale, this performance is competitive among Bakersfield neighborhoods and supports leasing stability and resident retention. As always, safety conditions can vary within small areas and over time; investors should validate on-the-ground conditions and monitor local trends as part of ongoing asset management.
1385 Griffith Ave offers a 44-unit, 1988-vintage footprint that is newer than much of the surrounding housing stock, positioning it well against older comparables while leaving room for targeted upgrades. Neighborhood-level occupancy ranks at the top among 247 Bakersfield neighborhoods (a neighborhood measure), which supports consistent collections and lower expected vacancy at the asset level when well-managed.
Within a 3-mile radius, population and household growth point to a larger tenant base over the medium term, reinforcing demand. According to WDSuite’s commercial real estate analysis, the area’s rent-to-income dynamics and median contract rent levels support retention, while ownership costs near national midpoints suggest some competition from entry-level buyers—best addressed through product quality and service differentiation.
- Neighborhood occupancy at the top of the metro supports leasing durability (neighborhood statistic).
- 1988 construction offers competitive positioning versus older local stock, with scope for modernization to drive NOI.
- Expanding 3-mile household base enhances the prospective renter pool and supports rent growth tied to upgrades.
- Balanced ownership costs imply some competition from for-sale housing—manage through unit quality, service, and pricing discipline.
- Thin local amenity and school benchmarks require thoughtful tenant-experience strategies and careful underwriting.