| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 24th | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15962 Maubert Ave, Ashland, CA, 94578, US |
| Region / Metro | Ashland |
| Year of Construction | 1977 |
| Units | 41 |
| Transaction Date | 1991-07-08 |
| Transaction Price | $752,000 |
| Buyer | REED DALE |
| Seller | BRIGHT W E JACK |
15962 Maubert Ave Ashland Multifamily Investment
This 41-unit property built in 1977 sits in a neighborhood where renter-occupied units represent 75.4% of housing stock, ranking in the top 2% nationally. According to CRE market data from WDSuite, the area shows strong rental demand fundamentals with median rents reaching $1,852.
The Ashland neighborhood demonstrates strong rental market characteristics, with renter-occupied housing units comprising 75.4% of the housing stock—ranking 9th among 469 metro neighborhoods and placing in the top 2% nationally. This high rental concentration supports sustained tenant demand for multifamily properties in the area.
Demographic data aggregated within a 3-mile radius shows a stable population base of approximately 161,400 residents, with median household income of $103,949. The area projects household growth of 31.7% over the next five years, expanding from 53,558 to an estimated 70,562 households, which should strengthen the renter pool and support occupancy levels.
The property's 1977 construction year aligns with the neighborhood average of 1974, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. Median contract rents of $1,852 have increased 41% over five years, with projections showing continued upward momentum to $2,824 by 2028.
Neighborhood-level occupancy stands at 93.9%, though this has declined 2.8 percentage points over five years, ranking 363rd among metro neighborhoods. The area offers strong amenity access with 6.37 grocery stores per square mile (top 3% nationally) and 8.91 restaurants per square mile, supporting tenant retention through walkable convenience.
Property crime rates in the neighborhood show improvement trends, with estimated property offense rates declining 43.5% year-over-year, ranking 169th among 469 metro neighborhoods and placing in the 84th percentile nationally for crime reduction. The current property crime rate of 1,166 incidents per 100,000 residents ranks 328th among metro neighborhoods.
Violent crime rates stand at 725 incidents per 100,000 residents, with a 10.9% year-over-year decline. While violent crime levels rank 429th among metro neighborhoods (6th percentile nationally), the downward trend suggests improving conditions that may support tenant retention and property values over time.
The property benefits from proximity to diverse corporate employers, including logistics, energy, and technology companies that provide workforce housing demand within commuting distance.
- Ryder — logistics and transportation (3.5 miles)
- Caterpillar — industrial equipment (5.2 miles)
- Chevron — energy services (9.4 miles) — HQ
- Clorox — consumer products (11.0 miles) — HQ
- Ross Stores — retail operations (12.4 miles) — HQ
This 41-unit multifamily property offers exposure to a rental-dominant market where 75.4% of housing units are renter-occupied, ranking in the top 2% nationally for rental concentration. The 1977 construction vintage presents value-add opportunities through strategic renovations, while projected household growth of 31.7% over five years should expand the tenant base and support occupancy stability.
Commercial real estate analysis from WDSuite indicates median rents have increased 41% over five years to $1,852, with continued growth projected to $2,824 by 2028. The neighborhood's strong amenity infrastructure, including top-tier grocery and restaurant density, supports tenant retention in a market experiencing positive rental demand trends.
- Top 2% nationally for rental housing concentration at 75.4%
- Projected 31.7% household growth expanding renter pool through 2028
- Value-add potential with 1977 vintage allowing strategic renovations
- Strong rent growth momentum with 41% increase over five years
- Risk consideration: Neighborhood occupancy declined 2.8% requiring active lease management