| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 24th | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15995 Marcella St, Ashland, CA, 94578, US |
| Region / Metro | Ashland |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15995 Marcella St Ashland Multifamily Opportunity
Renter concentration is high in the surrounding neighborhood, supporting a deep tenant base and generally steady occupancy at the neighborhood level, according to WDSuite s CRE market data.
Located in Ashland within the Oakland Berkeley Livermore metro, the property sits in an Urban Core neighborhood with strong day-to-day convenience. Grocery access is a relative strength (neighborhood sits in a high national percentile for grocery density), with cafes and restaurants also competitive versus many U.S. neighborhoods. Limited park and pharmacy presence nearby suggests residents rely more on private or adjacent submarkets for those needs.
At the neighborhood level, occupancy trends are above the national median but not among the metro s leaders, indicating stable renter demand with room for operational differentiation. The neighborhood s renter-occupied share is very high, signaling depth in the tenant pool for multifamily operators and supporting leasing velocity and renewal potential.
Within a 3-mile radius, demographics indicate a broadly stable population with rising incomes over recent years and projections calling for an increase in households alongside a gradual decrease in average household size. For investors, that combination points to a larger tenant base over time and supports occupancy stability, even as unit mix and amenity programming may need to adapt to smaller households.
Home values in the neighborhood are elevated relative to much of the country, which tends to reinforce renter reliance on multifamily housing and can support pricing power when product quality and management execution are strong. Median rents are also comparatively high for the neighborhood, so affordability pressure should be monitored for lease management and retention decisions.
The asset s 1989 construction is newer than the neighborhood s average vintage, which can enhance competitive positioning versus older stock; however, investors should plan for selective modernization and systems upgrades to meet current renter expectations and to capture value-add upside.
Safety indicators at the neighborhood level are mixed. Compared with neighborhoods nationwide, overall safety is below the national median, and violent incidents benchmark in a low national percentile. At the same time, property-related offenses have trended down meaningfully over the past year, showing improvement momentum relative to many U.S. neighborhoods. These are neighborhood-level trends and may not reflect conditions at any specific address; operators typically account for this with lighting, access control, and tenant screening policies.
Nearby employers span logistics, industrial equipment, and major corporate headquarters, supporting a diverse employment base and commute convenience that can underpin renter demand and retention for workforce-oriented units.
- Ryder logistics (3.3 miles)
- Caterpillar industrial equipment offices (5.0 miles)
- Chevron energy corporate offices (9.5 miles) HQ
- Clorox consumer products corporate offices (11.1 miles) HQ
- Ross Stores retail corporate offices (12.4 miles) HQ
15995 Marcella St is a 1989-vintage, small-scale multifamily asset positioned in a renter-heavy Urban Core neighborhood of Alameda County. The surrounding area shows above-median national occupancy at the neighborhood level but trails metro leaders, suggesting durable demand with potential to outperform through targeted upgrades and strong operations. Elevated ownership costs in this part of the East Bay reinforce reliance on rentals, while grocery and dining access compares favorably to many U.S. neighborhoods. Based on CRE market data from WDSuite, the neighborhood s rent levels and rent-to-income dynamics warrant attentive lease management to balance pricing power with retention.
Within a 3-mile radius, demographics point to steady population, rising incomes, and a projected increase in households alongside smaller household sizes all supportive of a larger renter pool over time. The property s newer-than-neighborhood vintage provides a relative competitive edge versus older stock, with selective modernization offering value-add potential. Safety benchmarks sit below the national median but show recent improvement in property offenses, a factor to address through standard operating best practices.
- Renter-heavy neighborhood supports demand depth and renewal potential
- 1989 vintage is newer than area average positioned for targeted value-add
- Elevated ownership costs sustain reliance on multifamily rentals
- Amenity access (notably groceries and dining) supports livability and leasing
- Risk: below-median national safety and renter affordability pressure require proactive management