| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 24th | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1444 164th Ave, Ashland, CA, 94578, US |
| Region / Metro | Ashland |
| Year of Construction | 1972 |
| Units | 52 |
| Transaction Date | 1998-12-21 |
| Transaction Price | $3,100,000 |
| Buyer | EVILSIZOR KENNETH A |
| Seller | SNOOTY FOX CO |
1444 164th Ave Ashland Value-Add Multifamily
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite’s CRE market data, with a high share of renter-occupied units and a strong services base supporting retention.
Located in Alameda County’s Urban Core, the surrounding neighborhood shows resilient renter demand drivers: renter-occupied housing is prevalent, and neighborhood occupancy is relatively steady compared with national norms. Elevated home values in the area reinforce reliance on rental options, which can support pricing power and lease stability for professionally managed assets.
Daily-needs access is a clear strength. Grocery availability ranks in the 97th percentile nationally, and restaurants and cafés both sit in the top quartile nationwide, indicating dense, convenience-oriented retail that supports renter lifestyle and retention. By contrast, park and pharmacy presence within the neighborhood is limited, which investors should consider when positioning amenities and services on site.
Within a 3-mile radius, demographics show modest population growth in recent years and rising incomes, with projections indicating continued income gains and a slight reduction in household size. For multifamily owners, a larger-income tenant base alongside smaller households can expand the renter pool and support occupancy stability over the medium term.
Vintage is 1972, slightly older than the neighborhood average year built. That age profile typically warrants targeted capital planning for building systems and interiors, offering potential value-add pathways to sharpen competitive positioning against newer stock while controlling long-term maintenance risk.
Safety trends are mixed. Overall crime sits below the national median for safety, and violent offense rates are elevated relative to many U.S. neighborhoods. However, recent year-over-year data show improvement, with both property and violent offenses trending down, based on WDSuite’s CRE market data. Investors should underwrite appropriate security measures and monitor trendlines rather than relying on single-year snapshots.
Proximity to a diversified employment base supports renter demand and commute convenience, with nearby logistics, industrial, energy, retail, and life sciences employers that can underpin leasing and retention.
- Ryder — logistics (3.1 miles)
- Caterpillar — industrial equipment offices (4.7 miles)
- Chevron — energy (9.4 miles) — HQ
- Ross Stores — retail corporate (12.2 miles) — HQ
- Gilead Sciences — life sciences (12.9 miles) — HQ
This 52-unit asset benefits from strong neighborhood renter orientation and steady occupancy, while elevated ownership costs in the area help sustain multifamily demand. Dense food and grocery retail—ranking among the top quartile nationally—supports day-to-day convenience that can translate into better retention and stabilized operations. According to CRE market data from WDSuite, rent levels and occupancy in the neighborhood are consistent with durable renter demand, suggesting potential for disciplined revenue management rather than outsized lease-up risk.
Built in 1972, the property’s vintage points to practical value-add opportunities in unit interiors and building systems to stay competitive against newer product. Within a 3-mile radius, income growth and a forecasted increase in households alongside slightly smaller household sizes indicate a broader tenant base over time. Investors should balance these positives against considerations such as safety trend monitoring and rent-to-income management to support retention.
- Renter-oriented neighborhood with steady occupancy supporting stable cash flow potential.
- High-cost ownership market reinforces multifamily demand and pricing power.
- Dense grocery and dining access (top quartile nationally) bolsters livability and retention.
- 1972 vintage creates actionable value-add and system modernization pathways.
- Risks: below-median safety metrics and affordability pressure require active security and lease management.