| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 25th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1321 McDonald Way, Bakersfield, CA, 93309, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1979 |
| Units | 28 |
| Transaction Date | 2002-02-08 |
| Transaction Price | $1,045,000 |
| Buyer | REVELEZ FERNANDO R |
| Seller | SILVA DAVID M |
1321 McDonald Way Bakersfield Multifamily Investment
Renter-occupied housing is prevalent in this Bakersfield neighborhood, supporting a stable tenant base and consistent leasing, according to WDSuite’s CRE market data. Occupancy trends sit around the metro median, with local amenities and inner-suburban access reinforcing everyday convenience for residents.
Positioned in an Inner Suburb of Bakersfield, this neighborhood scores a B+ and is competitive among Bakersfield neighborhoods (66 of 247). For investors, that translates to solid, middle-of-the-pack fundamentals with fewer extremes than urban-core districts and more demand depth than many fringe areas.
Everyday amenity access is a relative strength. Grocery and restaurant density rank high within the metro and trend well above national norms, while parks and pharmacies are also well represented. Café and childcare density are lighter, so resident convenience skews toward essentials rather than boutique offerings.
Neighborhood occupancy is near the metro median and above the national midpoint, a constructive signal for lease-up and renewal stability. Importantly, the renter-occupied share of housing units is high (ranked 14 of 247 metro neighborhoods and in a very high national percentile), indicating a deep tenant pool that can support absorption and limit downtime between turns. Median asking rents in the area sit in the middle of the national distribution, which can aid retention and pricing discipline rather than pushing affordability to extremes.
Within a 3-mile radius, recent data show modest population and household growth, with forecasts pointing to outsized increases in both population and household counts by 2028. That expansion supports a larger tenant base and healthy demand for rental units over the medium term. School ratings trend below national averages, which can influence unit mix performance; properties oriented toward workforce renters may see steadier demand than highly family-focused offerings.
Ownership costs in this neighborhood remain comparatively accessible versus many coastal California markets. Median home values and a moderate value-to-income ratio suggest some competition from ownership options; however, the strong renter concentration indicates sustained reliance on multifamily housing, which can support occupancy stability and steady leasing.
Safety indicators in this neighborhood are weaker than many parts of the metro and below national averages. Crime ranks 218 out of 247 Bakersfield neighborhoods, placing the area among the higher-crime segments locally, and national percentiles indicate comparatively elevated property and violent offense rates. Trends should be monitored at the neighborhood level rather than block-by-block, and professional management practices (lighting, access controls, and coordination with local resources) remain important for tenant retention.
Built in 1979, the 28-unit property offers a practical value-add angle: interiors and systems are at an age where targeted renovations and modernization can enhance competitiveness versus older stock, while still controlling capital intensity relative to new development. Neighborhood metrics show renter concentration is very high and occupancy sits near the metro median, pointing to demand depth and stable leasing conditions. Grocery and restaurant density outperforms most areas, enhancing day-to-day livability and supporting retention. Based on CRE market data from WDSuite, homeownership remains comparatively accessible locally, which can introduce some competition; even so, the area’s strong renter-occupied share suggests sustained reliance on multifamily housing.
Within a 3-mile radius, population and household totals are projected to grow meaningfully over the next five years, expanding the renter pool and supporting occupancy. Counterbalancing factors include lower school ratings and safety metrics that trail metro and national benchmarks; underwriting should assume continued emphasis on security, tenant screening, and active property management.
- High renter-occupied share supports a deep tenant base and absorption
- 1979 vintage provides clear renovation and value-add pathways
- Amenity convenience (strong grocery and dining density) aids retention
- 3-mile growth outlook expands the renter pool and supports occupancy
- Risks: below-average safety and school ratings; some competition from ownership options