| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 13th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2625 Poso Dr, Wasco, CA, 93280, US |
| Region / Metro | Wasco |
| Year of Construction | 1982 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2625 Poso Dr, Wasco CA — 78-Unit Multifamily Value-Add
Neighborhood-level occupancy is among the metro’s strongest, indicating durable leasing conditions for stabilized assets, according to WDSuite’s CRE market data.
Located in Wasco within the Bakersfield, CA metro, the property sits in a neighborhood rated C- with Urban Core characteristics. Neighborhood-level occupancy is at the top of the metro (ranked against 247 neighborhoods), a signal of strong renter demand at the area level rather than the property itself. Median contract rents in the neighborhood remain below many coastal California submarkets, which can aid lease retention and broaden the renter pool.
Within a 3-mile radius, WDSuite data indicates population and household counts have risen in recent years, with projections calling for continued growth and a larger tenant base over the next five years. This expansion, coupled with rising household incomes in the forecast window, supports ongoing demand for rental units and helps underpin occupancy stability.
Tenure patterns show a renter-occupied share that is just under half at the neighborhood level, suggesting a meaningful pool of multifamily renters alongside a sizable owner cohort. For investors, this balance often supports steady leasing while limiting excessive turnover risk. At the metro scale, the neighborhood’s housing and demographic profiles track competitively among Bakersfield areas even if they sit below national medians on some socioeconomic measures.
Amenity density within the immediate neighborhood is limited (few cafes, groceries, parks, or pharmacies per square mile), and average school ratings trend low relative to national benchmarks. These factors can modestly weigh on long-term renter appeal, though they are sometimes offset by practical affordability and commute-based demand drivers in workforce markets.
Neighborhood safety indicators should be assessed with care and in context. While some Bakersfield neighborhoods compare more favorably on crime, recent year-over-year trends here point to notable declines in both violent and property offense rates at the neighborhood level, according to WDSuite’s CRE market data. Investors typically pair these improving trends with property-level security measures and daytime population dynamics when underwriting.
Because safety can vary by street and over time, a prudent approach is to review current comps, engage local management for incident history, and evaluate lighting, access control, and visibility along the immediate frontage. Comparative analysis versus other Bakersfield neighborhoods and national benchmarks can help calibrate retention expectations and loss assumptions.
Built in 1982, this 78-unit asset offers a practical value-add path: the vintage is slightly newer than the neighborhood average stock, yet still old enough that strategic renovations and systems upgrades can enhance competitiveness versus older product. At the neighborhood level, occupancy ranks at the top of the Bakersfield metro, supporting a case for stable tenanting and measured rent trade-outs as units are repositioned, based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, population and households have expanded and are projected to continue growing, pointing to a larger renter pool over time. Neighborhood rent-to-income levels appear manageable in this workforce context, which can aid lease retention. Counterbalancing factors include limited nearby amenities and weaker school ratings, as well as some competition from comparatively accessible homeownership in Kern County. Underwriting that emphasizes renovation scope, expense controls, and lease management should capture the upside while accounting for these risks.
- Neighborhood occupancy sits at the top of the metro, supporting leasing stability at the area level.
- 1982 vintage creates clear value-add and modernization opportunities to improve positioning.
- 3-mile population and household growth indicates a larger future renter base and demand depth.
- Manageable rent-to-income context can support retention and steady revenue management.
- Risks: limited amenity density, weaker school ratings, and potential competition from ownership options.