| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 13th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1600 Poplar Ave, Wasco, CA, 93280, US |
| Region / Metro | Wasco |
| Year of Construction | 2003 |
| Units | 44 |
| Transaction Date | 2001-12-19 |
| Transaction Price | $330,500 |
| Buyer | SUNRISE VILLA PARTNERS |
| Seller | SELF HELP ENTERPRISES |
1600 Poplar Ave, Wasco CA Multifamily Investment
Neighborhood data indicates full occupancy and a sizable renter base that supports stable leasing, according to WDSuite’s CRE market data.
Located in Wasco within the Bakersfield metro, the area surrounding 1600 Poplar Ave shows 100% neighborhood occupancy—the highest among 247 metro neighborhoods—signaling resilient demand and low friction on lease-up. Renter-occupied housing makes up a significant share of units (higher than most U.S. neighborhoods by national percentile), which points to a deep tenant base and supports ongoing absorption for multifamily.
Within a 3-mile radius, recent trends show population growth alongside an even faster increase in household counts—conditions that typically expand the renter pool and support occupancy stability. Forward-looking projections indicate additional population and household gains by 2028, suggesting demand durability for mid-sized assets.
Home values in the neighborhood track below many California coastal markets, which can moderate ownership pressures. For investors, this often means rental options remain relevant for households seeking cost predictability, with a rent-to-income profile that supports retention and measured pricing power rather than aggressive turnover strategies.
Amenity density measured at the neighborhood level is limited, and average school ratings trend below the metro median, factors that may influence unit mix positioning and target renter profiles. Even so, the neighborhood’s occupancy position—top among 247 Bakersfield neighborhoods—provides a counterweight, indicating that practical livability drivers and workforce proximity are key demand anchors here.
Recent data for the neighborhood show year-over-year declines in both estimated property and violent offense rates, an encouraging trend for operational stability. While investors should continue standard security and asset-management practices, the directional improvement helps support tenant retention and leasing consistency compared with prior-year readings.
Built in 2003, this 44-unit asset is newer than much of the local housing stock and can compete effectively against older properties, while still warranting routine capital planning for building systems and common-area refreshes. Strong neighborhood occupancy—highest among 247 Bakersfield neighborhoods—combined with a meaningful renter concentration underpins demand resilience. Demographic trends within a 3-mile radius point to population and household growth through 2028, reinforcing a larger tenant base and supporting steady performance.
According to CRE market data from WDSuite, the local ownership landscape is relatively accessible compared with higher-cost California metros, which generally sustains renter reliance on multifamily while keeping affordability pressure manageable. Investors may find the most durable performance by focusing on clean operations, value-focused unit finishes, and tenant retention strategies calibrated to workforce demand.
- Newer 2003 vintage relative to area average, offering competitive positioning with modest upgrade needs
- Top-ranked neighborhood occupancy among 247 Bakersfield neighborhoods supports leasing stability
- 3-mile demographic growth and household expansion broaden the tenant base into 2028
- Balanced affordability and renter concentration favor retention-focused operations
- Risks: limited local amenity density and lower school ratings may narrow target renter segments