| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Poor |
| Demographics | 42nd | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 901 W Church Ave, Ridgecrest, CA, 93555, US |
| Region / Metro | Ridgecrest |
| Year of Construction | 2012 |
| Units | 32 |
| Transaction Date | 2010-10-22 |
| Transaction Price | $100,000 |
| Buyer | CJ LAND CONSULTANTS |
| Seller | AFFORDABLE HOUSING LAND CONSULTANTS |
901 W Church Ave Ridgecrest Multifamily Investment
This 32-unit property built in 2012 offers newer construction in a suburban Ridgecrest neighborhood with low rent-to-income burden and stable occupancy trends, according to CRE market data from WDSuite.
Located in a suburban neighborhood within the Bakersfield, CA metro area, 901 W Church Ave sits in a C-rated market that ranks 207th among 247 metro neighborhoods. Built in 2012, the property is considerably newer than the neighborhood average construction year of 1972, positioning it competitively for reduced near-term maintenance and stronger tenant appeal relative to surrounding inventory. Within a 3-mile radius, the population totals approximately 27,000 residents, with an average household size of 2.5 and median household income of roughly $85,000. Demographic projections through 2028 anticipate population growth of 6.5% and household expansion of 28.8%, supporting a larger tenant base and multifamily demand over the medium term.
Renter-occupied units represent 37.3% of housing tenure in the surrounding area, indicating moderate multifamily demand depth. Neighborhood-level occupancy trends show an 89.7% rate, ranking 173rd metro-wide and placing near the 43rd percentile nationally—competitive among Bakersfield neighborhoods but below stronger markets. Median contract rent stands at approximately $670 at the neighborhood level, ranking 200th and in the 26th percentile nationally, reflecting affordability relative to higher-cost California metros. The rent-to-income ratio ranks in the top decile metro-wide (4th of 247), signaling favorable affordability for tenants and supporting lease retention and renewal rates.
The neighborhood scores in the bottom quartile nationally for amenity density, with limited nearby cafes, grocery stores, parks, childcare, and restaurants per square mile. Average school ratings stand at 2.0 out of 5, ranking 46th metro-wide and in the 37th percentile nationally. Median home values are approximately $190,500, ranking 207th among metro neighborhoods. Elevated ownership costs relative to local incomes (value-to-income ratio of 3.13, ranking 196th) sustain rental demand by limiting accessibility to ownership, reinforcing reliance on multifamily housing for workforce households.
Forward-looking demographic trends show forecast median household income rising to approximately $98,600 by 2028 (16.1% increase) and median contract rent climbing to $1,859 (56.8% increase), suggesting strengthening fundamentals and potential pricing power. The neighborhood ranks in the 90th percentile nationally for COVID-resilience, with 5.5% of jobs in pandemic-resistant sectors, indicating economic stability during disruption. For investors, the combination of newer construction, low rent burdens, and projected household and income growth offers a foundation for occupancy stability and moderate rent escalation, balanced by below-average amenity access and school quality.
Safety metrics for the neighborhood show property crime estimated at approximately 726 incidents per 100,000 residents, ranking 184th among 247 metro neighborhoods and placing in the 29th percentile nationally. Violent crime is estimated at roughly 72 incidents per 100,000 residents, ranking 180th metro-wide and in the 37th percentile nationally. While these figures indicate crime levels above stronger national benchmarks, property crime trends improved year-over-year by 26.8%, ranking 41st metro-wide and in the 70th percentile nationally for improvement—a positive directional signal for investors evaluating risk mitigation and tenant retention.
Overall, the neighborhood's crime rank of 137th among 247 places it near the 40th percentile nationally. Investors should monitor ongoing trends and consider property-level security measures as part of operational planning, particularly given the year-over-year increase in violent crime (64.0%), which ranks in the lower quartile for improvement metro-wide. Crime dynamics remain an important input for underwriting tenant turnover and insurance costs, though the improving property crime trajectory offers some counterbalance.
Employer data with verified distances is not available for this property. Investors should conduct independent research on local employment centers and workforce commute patterns to assess tenant demand drivers and retention stability in the Ridgecrest submarket.
901 W Church Ave presents a multifamily investment opportunity grounded in newer construction, favorable tenant affordability, and improving demographic fundamentals within the Bakersfield metro. Built in 2012, the property is 40 years newer than the neighborhood average, reducing near-term capital expenditure needs and offering a competitive edge in tenant appeal. The neighborhood's rent-to-income ratio ranks in the top decile metro-wide, supporting lease retention and renewal stability. Demographic projections through 2028 show population growth of 6.5% and household expansion of 28.8% within a 3-mile radius, enlarging the renter pool and underpinning occupancy fundamentals. Forecast median household income is expected to rise 16.1%, while contract rents are projected to climb 56.8%, suggesting strengthening pricing power and income potential over the medium term.
Based on commercial real estate analysis from WDSuite, the neighborhood ranks in the 90th percentile nationally for COVID-resilience, reflecting a stable employment base in pandemic-resistant sectors. Median home values of approximately $190,500 and elevated ownership costs relative to local incomes sustain rental demand by limiting accessibility to ownership, reinforcing reliance on multifamily housing. However, investors should weigh below-average amenity density, school ratings in the 37th percentile nationally, and crime metrics that rank near the 40th percentile nationally. Property crime trends improved 26.8% year-over-year, a positive directional signal, though violent crime increased. Neighborhood-level occupancy of 89.7% is competitive among metro peers but below stronger national markets, requiring active lease management and tenant retention strategies.
- Newer 2012 construction reduces near-term capital needs and strengthens competitive positioning
- Top-decile rent-to-income affordability supports lease retention and renewal rates
- 6.5% population growth and 28.8% household expansion forecast through 2028 enlarge tenant base
- Elevated ownership costs relative to incomes sustain rental demand and reinforce multifamily reliance
- Below-average amenity density, school quality, and crime metrics require active management and may pressure occupancy relative to stronger markets