| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 9th | Poor |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 801 Almond Ct, Wasco, CA, 93280, US |
| Region / Metro | Wasco |
| Year of Construction | 1996 |
| Units | 36 |
| Transaction Date | 1996-01-05 |
| Transaction Price | $150,000 |
| Buyer | SOLINASALMOND LP |
| Seller | SELF HELP COMMUNITEIS 1 LLC |
801 Almond Ct, Wasco CA Multifamily Investment
Stabilized renter demand in an Inner Suburb location, with neighborhood occupancy holding near the metro middle and renter-occupied share providing depth for leasing, according to WDSuite’s CRE market data.
This Inner Suburb pocket of Wasco offers everyday convenience that supports tenant retention. Neighborhood data (not property-specific) indicates strong access to daily-needs retail, with groceries and restaurants placing in the top quartile nationally, while parks, pharmacies, and childcare are comparatively limited. For workforce housing strategies, this mix can translate into steady leasing but fewer lifestyle amenities to differentiate.
Multifamily dynamics are balanced: the neighborhood occupancy rate has trended higher over the past five years, and the share of housing units that are renter-occupied is elevated versus many U.S. areas. For investors, this suggests a reliable tenant base and workable leasing velocity, though marketing may need to emphasize on-site features given the light park and childcare inventory nearby.
Within a 3-mile radius, population and household counts have grown over the past five years and are projected to continue expanding, indicating a larger tenant base ahead and potential support for occupancy stability. Median contract rents in the neighborhood sit at accessible levels relative to incomes, which can help manage affordability pressure and support renewal rates.
The property’s 1996 vintage is newer than the area’s older housing stock (neighborhood average skewing mid-century), positioning it competitively against legacy assets. Investors should still plan for aging-systems upkeep and targeted upgrades, but the relative vintage provides a head start on functionality versus older comparables.
Neighborhood-level safety trends (not property-specific) indicate notable recent-year declines in estimated violent and property offense rates. While investors should underwrite with local due diligence and up-to-date comparables, the directional improvement supports a more constructive outlook on tenant retention and asset operations than prior-year readings suggested.
As with any submarket showing changing metrics, monitor multi-year trend lines and compare against Bakersfield metro peers to calibrate staffing, security measures, and insurance assumptions.
Built in 1996 with 36 units, 801 Almond Ct offers scale for a local asset and larger-than-typical floor plans for its class, creating family-friendly appeal and potential lease retention. Neighborhood indicators point to steady renter demand and improving safety trends, with daily-needs retail in place and measured rent levels that can help manage resident affordability pressure. Based on CRE market data from WDSuite, the surrounding renter-occupied share and multi-year occupancy improvement at the neighborhood level support an underwriting case centered on stable operations rather than outsized rent growth.
Relative to older area stock, this mid-90s vintage can compete well with targeted value-add: common-area refreshes, energy and systems modernization, and select interior updates. Key underwriting considerations include limited nearby parks/childcare and historically mixed school ratings, which may influence the resident profile and marketing approach.
- Mid-90s vintage: competitive versus older area stock with targeted modernization upside
- Neighborhood occupancy improvement and solid renter-occupied share support leasing stability
- Daily-needs retail access; measured rent levels help manage affordability pressure and renewals
- Value-add path: common areas, energy/systems, and selective interiors to drive NOI durability
- Risks: limited parks/childcare and lower school ratings; monitor local safety and insurance trends