| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 24th | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1581 164th Ave, Ashland, CA, 94578, US |
| Region / Metro | Ashland |
| Year of Construction | 1974 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1581 164th Ave, Ashland CA — 60-Unit Multifamily
Renter demand is supported by a high neighborhood renter-occupied share and occupancy in the low-to-mid 90s, according to WDSuite’s CRE market data. For investors, this points to a broad tenant base and steady leasing conditions in Alameda County.
Situated in Ashland within the Oakland–Berkeley–Livermore metro, the property sits in an Urban Core neighborhood with strong daily-needs access. Grocery options are competitive among 469 metro neighborhoods (ranked 60th of 469) and sit in the top national tier by density, while cafes and restaurants are also plentiful by national comparison. This amenity mix can support everyday convenience, resident retention, and leasing velocity.
The neighborhood’s renter-occupied share is high (roughly three-quarters of housing units), signaling depth in multifamily demand and a broad tenant pool. Neighborhood occupancy has held around the mid-90% range in recent years, which supports stability for operators even as leasing strategies may need to adapt to seasonal shifts.
Home values are elevated for the area and nationally, which tends to reinforce reliance on multifamily housing and can support pricing power when units are well maintained and positioned. At the same time, the neighborhood’s rent-to-income levels indicate some affordability pressure; prudent lease management and value-forward upgrades can help sustain retention.
Amenities skew toward food and daily services, while parks and pharmacies are comparatively sparse in this neighborhood ranking set. For investors, that mix favors convenience-oriented demand but suggests fewer recreation adjacencies to market, which may influence positioning and resident experience strategies.
Safety trends should be framed at the neighborhood level rather than the property. Within the Oakland–Berkeley–Livermore metro, this neighborhood ranks 314th out of 469 on crime measures, indicating safety outcomes below the metro midpoint. Nationally, violent-offense comparisons place the area in a lower percentile, though the most recent year shows a notable decline in property offenses, suggesting some improvement momentum.
Investors should underwrite conservative operations, emphasize lighting and access controls, and monitor local trendlines. The recent year-over-year decrease in property offenses provides a constructive signal, but sustained progress is the key indicator to watch.
Nearby corporate offices provide a diversified employment base and commute convenience that can support renter demand and retention. Key employers include Ryder, Caterpillar, Chevron, The Clorox Company, and Clorox.
- Ryder — corporate offices (3.2 miles)
- Caterpillar — corporate offices (4.8 miles)
- Chevron — corporate offices (9.3 miles) — HQ
- The Clorox Company — corporate offices (11.2 miles)
- Clorox — corporate offices (11.5 miles) — HQ
This 60-unit asset in Ashland benefits from a deep renter pool, with the neighborhood showing a high share of renter-occupied housing and occupancy around the mid-90% range. Elevated for-sale home values in the area reinforce reliance on multifamily housing, supporting demand for well-positioned units. According to CRE market data from WDSuite, amenity access is strong for groceries and dining at both metro and national comparisons, a tailwind for resident convenience and leasing.
Built in 1974, the property may present value-add and capital planning opportunities typical of its vintage, allowing investors to target modernization that can enhance retention and rentability. Underwriting should account for neighborhood affordability pressures and safety considerations, balanced against improving property-offense trends and robust employment access across the inner East Bay.
- Deep renter base and neighborhood occupancy near the mid-90% range support leasing stability
- Elevated ownership costs in the area bolster multifamily demand and pricing resilience
- Strong daily-needs access (notably grocery and dining) aids retention and absorption
- 1974 vintage offers potential value-add scope through systems and interior upgrades
- Risks: below-metro safety standing and renter affordability pressure require disciplined operations