| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 24th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Central Ave, Wasco, CA, 93280, US |
| Region / Metro | Wasco |
| Year of Construction | 2008 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 Central Ave Wasco CA Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and occupancy resilience, according to WDSuite’s CRE market data, with this 42-unit asset positioned to serve workforce households in Kern County.
Located in Wasco within the Bakersfield, CA metro, the property sits in a neighborhood rated "A" and ranked 32 out of 247 metro neighborhoods — competitive among Bakersfield neighborhoods given its standing against 247 peers. Local occupancy for the neighborhood is reported at 93.2%, supporting stable leasing conditions for multifamily investors.
Everyday convenience is a strength: grocery access, parks, and pharmacies index high versus neighborhoods nationwide (groceries ~96th percentile, parks and pharmacies ~98th percentile), while restaurants are also strong (~82nd percentile). Cafes are sparse, which may limit some lifestyle options, but daily-needs retail appears well covered. These amenity dynamics can support tenant retention even if lifestyle offerings are thinner.
The area’s housing stock skews older (average vintage 1966 across the neighborhood), while this asset’s 2008 construction provides relative competitiveness versus older inventory. That positioning can reduce near-term capital exposure compared with mid-century stock, though investors should still anticipate periodic system upgrades as the asset approaches its second decade.
Tenure patterns show an estimated renter-occupied share around 39.7% for the neighborhood (above many areas nationally at roughly the 80th percentile), indicating a meaningful renter base without being overwhelmingly renter-heavy. Median contract rents in the neighborhood are modest, and with a rent-to-income ratio near 0.15, pricing appears manageable for many households, which can aid lease retention. Within a 3-mile radius, population and household counts have grown in recent years, with households expanding faster than population — a setup that can broaden the renter pool and support occupancy. These trends align with multifamily property research from WDSuite pointing to durable workforce demand in this Kern County location.
Home values in the neighborhood sit in a mid-range nationally, and value-to-income levels suggest a relatively accessible ownership market compared with high-cost coastal metros. For investors, that means rental demand leans on convenience, household growth, and price-to-value rather than displacement from ownership alone — a dynamic that can still sustain occupancy but may temper aggressive rent push strategies.
Comparable neighborhood-level safety data for this specific location is not available in the current WDSuite release. Investors typically benchmark conditions to the broader Bakersfield metro and track multi-year trends rather than single-year snapshots. Given the absence of a metro rank or national percentile in this dataset, underwriting should rely on standard diligence steps such as reviewing recent police reports, insurer loss runs, and property-level incident logs to validate on-the-ground conditions.
Built in 2008, this 42-unit property offers newer-vintage positioning relative to an older neighborhood baseline, which can enhance competitiveness versus legacy stock while still warranting routine modernization planning. Neighborhood occupancy around the low 90s, a renter-occupied share near 40%, and high access to daily-needs amenities indicate a solid base for demand and tenant retention. Within a 3-mile radius, population and households have expanded, pointing to a larger tenant base and support for occupancy stability. Based on CRE market data from WDSuite, neighborhood rents and rent-to-income levels suggest measured pricing power with attention to affordability to maintain renewals.
The setting is more workforce-oriented than premium lifestyle, with strong grocery, parks, and pharmacy access but fewer cafes and weaker average school ratings. Investors should calibrate business plans toward durable occupancy and operational efficiency rather than heavy rent premiums, while leveraging the asset’s relative vintage advantage versus mid-century comparables.
- 2008 vintage competes well against older neighborhood stock; plan for targeted system updates over time.
- Neighborhood occupancy near the low 90s and meaningful renter base support leasing stability.
- 3-mile radius shows expanding population and households, indicating a larger tenant pool and potential for steady absorption.
- Strong daily-needs access (groceries, parks, pharmacies) aids retention even if lifestyle amenities are thinner.
- Risks: fewer lifestyle amenities and lower average school ratings may limit premium rent upside; maintain affordability focus to support renewals.