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Bakersfield: A Growing City With A Small Town Feel

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Most people who haven’t been to Bakersfield in a long time still think of it as a small town that is on the way to San Francisco or Los Angeles, maybe even Las Vegas.  Driving through today, you will notice that it has expanded in all corners, and has all the amenities of a larger city with only more on the way. 

Vacancy Rate Bakersfield

The vacancy rate is very important when investing.  If the vacancy rate is too high, then getting renters at high rates is going to be very difficult.  On top of that, with a low vacancy rate, the rents can be increased. The overall multifamily vacancy rate in the U.S. is about 6%, while the vacancy rate for multifamily units is Bakersfield is closer to 4.7%.  

Rent Prices Bakersfield

Bakersfield is known as one of the most affordable markets in the State of California.  Rents average around $970 while the national average hovers around $1350/month. This means that rents have room to grow in Bakersfield, and if we know anything about real estate investors, it will definitely happen in the near future.  

Interesting Read: 9 Things To Know About Living In Bakersfield California

Multifamily Units Under Construction

When new units are constructed here in Bakersfield they skew the rents up in the area.  This means that even though there are new multifamily units in the area, the fact that they are there has the potential to increase the rent on your personal rental property as well.  There are a little over 200 multifamily units being constructed in Bakersfield right now, but this does not bring the shortage to where it needs to be. On top of that, it will not lower the shortage of smaller units, which are in need, not only for the size but the price.  This means that rents should keep going up on all sides for the near future. 

We have done many deals, and continue to do many deals that return our Clients a net return of 6%, 8% or even double digits on their real estate.  If you are interested in real estate investing in Bakersfield, feel free to reach out to Synergy Real Estate and Property Management.  You may also sign up to get unlimited access to our off market database.

We provide our real estate investing clients a one-stop shop service where you can be sure that you are buying a quality investment property, and having that property managed in order to preserve your initial investment capital. 

Until Next Time, 

Sanjeev (Sunny) Advani
3400 Panama Lane Ste J
Bakersfield, CA 93313
Lic 02012941
Lic 01869863

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About The Author
Sanjeev Advani

• Hundreds of Investment Real Estate transactions successfully closed • 350+ Units currently under Property Management • 3+ Years of Construction Management Experience • Certified Property Manager, CCIM (In Progress) • Bachelors in Finance • Bakersfield, CA Native Deep Dive: I have been licensed in real estate for almost 10 years, and I have been specializing in investment and commercial real estate for the past 6 years. Through the years I have worked with Real Estate Developers, Investors, Average Joes, and many more. I am a Bakersfield native, and my educational background is in Finance. I have just completed the CPM (Certified Property Manager) certification which is one of the most prestigious designations in the Property Management Industry, with less than 1800 members world wide. I am also the President of the Board for Habitat for Humanity Golden Empire, the Vice President of the Board for Income Property Association of Kern County (IPAK), and Vice Chair of the Commercial Investment committee at the Board of Realtors. I look forward to working with you towards your real estate investment goals. Sunny Advani California Agent Lic# 01869863 | California Broker Lic# 02012941 Email: Sunny@RE-Synergy.com | Phone: +1 661 235 5726