| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 44th | Poor |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1570 Mono Ave, Ashland, CA, 94578, US |
| Region / Metro | Ashland |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | 1994-10-27 |
| Transaction Price | $1,500,000 |
| Buyer | MARCOTTE CHARLES J |
| Seller | POLYZOS THEODORE G |
1570 Mono Ave Ashland CA Multifamily Investment
Neighborhood occupancy is 95.7%, suggesting stable leasing fundamentals relative to many urban submarkets, according to WDSuite’s CRE market data. Elevated home values in Alameda County support durable renter demand, positioning a 21‑unit asset for steady absorption and retention.
Ashland’s Urban Core setting offers everyday convenience for renters, with strong grocery access (competitive density versus national norms) and a solid restaurant presence, while cafes, parks, and pharmacies are comparatively sparse. The neighborhood’s average school rating is low, which may temper appeal for some family renters, but proximity to jobs and services remains a practical draw for workforce households.
Occupancy for the neighborhood is 95.7% (above the 50th percentile nationally), and about 40.4% of housing units are renter‑occupied. For investors, that renter concentration indicates a meaningful tenant base and supports ongoing demand for mid‑scale multifamily. Median household income levels are relatively strong for the region, and a rent‑to‑income ratio near 0.23 points to manageable affordability pressure that can aid retention and lease stability.
The property’s 1986 vintage is newer than the neighborhood’s typical 1960s stock, which can be a competitive advantage versus older assets; however, investors should still plan for selective system updates and modernization to reinforce positioning. Home values in the area are elevated relative to national benchmarks, which tends to sustain reliance on rental housing and support pricing power without overreliance on aggressive concessions.
Within a 3‑mile radius, demographic data show modest recent population softness alongside an outlook for more households and smaller average household size—dynamics that can broaden the renter pool and support occupancy stability. For deeper underwriting, this positioning aligns with multifamily property research indicating that high‑cost ownership markets often maintain steady demand for well‑located rental communities, based on CRE market data from WDSuite.
Safety indicators in the neighborhood sit around the metro median among 469 Oakland–Berkeley–Livermore neighborhoods. Compared with national patterns, safety levels are below the midrange; however, recent year‑over‑year data show notable declines in both property and violent incident estimates, indicating improving momentum. As always, investors should assess block‑level trends over time and incorporate prudent security and lighting measures into capital plans.
Nearby employers provide a diversified white‑ and blue‑collar workforce draw, supporting renter demand and commute convenience for a mid‑scale community. Featured employers include Ryder, Caterpillar, Chevron, Clorox, and Ross Stores.
- Ryder — logistics (3.5 miles)
- Caterpillar — industrial equipment offices (5.2 miles)
- Chevron — energy (9.6 miles) — HQ
- Clorox — consumer products (10.9 miles) — HQ
- Ross Stores — retail corporate (12.6 miles) — HQ
1570 Mono Ave brings 21 units with average 848 sq ft into an Urban Core pocket where neighborhood occupancy is 95.7%, indicating solid absorption and lease stability. The 1986 construction is newer than much of the surrounding 1960s inventory, offering relative competitiveness and practical value‑add angles through targeted interior updates and system modernization. Elevated home values versus national norms sustain renter reliance on multifamily, while a renter‑occupied share around 40% signals depth in the tenant base.
Within a 3‑mile radius, recent softness in population coincides with projections for more households and smaller household size—conditions that can expand the renter pool and support steady leasing. According to CRE market data from WDSuite, the neighborhood’s operating profile is competitive in the metro context, and proximity to diversified employers underpins workforce demand. Key risks to underwrite include below‑median school ratings and variable safety indicators, which argue for disciplined operations and selective capex.
- Stable neighborhood occupancy (~95.7%) supports consistent leasing and retention
- 1986 vintage offers competitive positioning vs. older local stock with value‑add potential
- High home values reinforce rental demand and pricing power for well‑kept units
- 3‑mile household growth and smaller sizes can broaden the renter pool and support occupancy
- Risks: below‑median school ratings and safety variability warrant conservative underwriting