| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 21st | Fair |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2125 Jubilee Dr, Wasco, CA, 93280, US |
| Region / Metro | Wasco |
| Year of Construction | 1975 |
| Units | 36 |
| Transaction Date | 2008-10-15 |
| Transaction Price | $404,500 |
| Buyer | ZAPATA JESSE MEDINA |
| Seller | STEELE WATKINS PATTI |
2125 Jubilee Dr, Wasco CA Multifamily Investment
Stabilized renter demand in the neighborhood, supported by moderate rents and a renter-occupied share near one-third, points to steady leasing potential, according to WDSuite’s CRE market data. Neighborhood occupancy and amenities matter more than building specifics here, and those indicators favor consistent performance for a 36-unit asset.
Located in an Inner Suburb of the Bakersfield, CA metro, the neighborhood rates B+ overall and is competitive among local submarkets for day-to-day convenience. Park and pharmacy access track in the top quartile nationally, while grocery coverage is also strong. Dining and cafe density are limited, which suggests most discretionary retail trips occur in adjacent corridors.
Neighborhood occupancy trends sit below the metro median, but rents are competitive among Bakersfield neighborhoods and positioned near the middle of the national distribution. For investors, this balance can support lease-up and renewal stability while preserving room to price for upgraded finishes where feasible.
Tenure patterns show a moderate renter concentration (share of housing units that are renter-occupied around one-third), indicating a meaningful but not saturated tenant base. In a high-cost ownership context for the region, the value-to-income landscape reinforces reliance on rental housing, which can aid retention and reduce turnover sensitivity during modest rent steps.
Within a 3-mile radius, recent population growth and rising household counts point to a larger tenant base ahead, with projections indicating further gains over the next five years. This growth backdrop, alongside a median rent-to-income relationship that supports lease management and retention, suggests demand durability for workforce-oriented multifamily.
The property’s 1975 vintage is newer than the neighborhood’s average construction year, offering relative competitiveness versus older stock. That said, age-related systems and common areas may still benefit from targeted modernization, creating potential value-add pathways aligned with renter expectations in this submarket.
Neighborhood-level crime benchmarks are not available in the provided data. For underwriting, investors typically compare local trends to Bakersfield metro averages and evaluate property-specific security measures and recent incident patterns. Consider layering third-party crime analytics and insurer feedback to contextualize risk without over-weighting isolated events.
2125 Jubilee Dr is positioned for durable workforce demand in a Bakersfield-area Inner Suburb with strong everyday amenities and manageable rent levels. The neighborhood’s renter concentration and expanding 3-mile tenant base support occupancy stability, while elevated ownership costs for the area help sustain reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood rents are competitive within the metro, creating room for targeted upgrades to translate into pricing without overextending affordability.
The 1975 vintage offers relative competitiveness versus older neighborhood stock, with pragmatic value-add potential through systems updates and unit/common-area refreshes. Key watch items include below-metro-median occupancy at the neighborhood level, limited dining/cafe density, and modest school ratings, which suggest careful underwriting of leasing velocity, marketing reach, and unit-mix positioning.
- Expanding 3-mile renter pool supports steady tenant demand and renewal potential
- Competitive neighborhood rent positioning aids lease-up and retention
- 1975 vintage offers value-add and modernization pathways versus older local stock
- High-cost ownership context reinforces multifamily reliance and pricing power
- Risks: neighborhood occupancy below metro median, limited dining density, and modest school ratings