| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 13th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 Poplar Ave, Wasco, CA, 93280, US |
| Region / Metro | Wasco |
| Year of Construction | 2004 |
| Units | 34 |
| Transaction Date | 2000-06-01 |
| Transaction Price | $177,500 |
| Buyer | WASCO HOUSING AUTHORITY |
| Seller | SUMMERFIELDS CORP |
1900 Poplar Ave Wasco Multifamily Investment
Neighborhood indicators point to tight vacancy and steady renter demand, according to WDSuite’s CRE market data, with a renter-occupied share that supports multifamily leasing depth. The asset’s positioning in Kern County offers yield-focused investors exposure to a smaller Central Valley market with measured rent levels.
Livability and demand signals suggest a practical workforce housing location with limited immediate retail and services inside the neighborhood cluster, while core needs are reachable within the Wasco area. Average school ratings trend on the lower side for the neighborhood, which may warrant targeted marketing toward renters prioritizing value and commute convenience over school performance.
From an investment perspective, WDSuite’s CRE market data indicates very low reported vacancy at the neighborhood level, a renter-occupied share near half of housing units, and median contract rents that are comparatively modest for the region. This combination typically supports lease-up stability and retention, though it can temper rapid rent growth expectations.
Relative to broader benchmarks, the neighborhood’s housing profile ranks above the national midpoint, while overall neighborhood rating sits in the lower tier within the Bakersfield metro. For investors, that mix translates to reliable occupancy fundamentals with more limited amenity density; property operations should emphasize convenience, responsive management, and value-forward positioning to compete effectively against older local stock.
Demographics aggregated within a 3-mile radius show population and household growth over the last five years, with forecasts pointing to further household expansion. A gradually enlarging renter pool supports a larger tenant base and can reinforce occupancy stability, even as household sizes fluctuate over time.
Safety indicators from WDSuite show recent year-over-year declines in both violent and property offense rates, placing the neighborhood in stronger national percentiles versus many U.S. areas. For underwriting, the trend suggests improving conditions; however, investors should continue to monitor local reporting and submarket-level patterns over time to validate durability rather than relying on a single-year shift.
Built in 2004, the 34-unit property is newer than much of the surrounding neighborhood stock, providing competitive positioning versus older assets and potential reduction in near-term capital expenditures. According to CRE market data from WDSuite, the local neighborhood exhibits very low reported vacancy and measured rent levels, which together support occupancy stability and consistent leasing in a value-oriented renter market.
Demographic trends within a 3-mile radius indicate growth in population and households, implying a larger tenant base over the medium term. While amenity density and school scores are comparatively weak within the neighborhood cluster, the asset’s vintage and practical positioning align with workforce demand, with scope to drive returns via operational execution and selective upgrades as systems age.
- 2004 construction offers competitive positioning versus older neighborhood stock with potential capex efficiency.
- Very low reported neighborhood vacancy supports occupancy stability and leasing consistency.
- Measured rent levels and a sizable renter-occupied share deepen the tenant base and can aid retention.
- 3-mile radius growth in households points to sustained multifamily demand over time.
- Risks: lower amenity density and weaker school ratings may cap pricing power; ongoing monitoring of local safety trends is prudent.