| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 24th | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 907 Elgin St, Ashland, CA, 94580, US |
| Region / Metro | Ashland |
| Year of Construction | 1982 |
| Units | 21 |
| Transaction Date | 2001-12-06 |
| Transaction Price | $600,000 |
| Buyer | ROSARIO MANUEL R |
| Seller | ROSARIO MANUEL R |
907 Elgin St, Ashland CA Multifamily Investment
Neighborhood occupancy near 94% and a high share of renter-occupied units point to a deep tenant base, according to WDSuite’s CRE market data. Position in Alameda County offers steady renter demand with room for value-add execution.
The property sits in Ashland’s Urban Core, where daily needs are well covered and support renter retention. Grocery access is a clear strength, landing in the top quartile nationally, and restaurants and cafes are also strong compared with neighborhoods nationwide. Parks and pharmacies are limited locally, so residents rely more on nearby commercial corridors for services.
With a neighborhood renter-occupied share well above most peers in the Oakland–Berkeley–Livermore metro, the tenant base is broad, which typically supports leasing stability for smaller assets. Neighborhood occupancy is competitive nationally and has held in the low- to mid-90s, indicating generally steady absorption and renewal prospects rather than rapid swings.
Vintage context matters for operational planning. The submarket’s average construction year skews to the 1970s, and this asset was built in 1982. Being newer than much of the surrounding stock can aid leasing versus older product, while still warranting prudent capital planning for aging systems and potential modernization to meet current renter preferences.
Within a 3-mile radius, demographic data show stable population totals with rising incomes over the last five years and continued, modest population growth expected. This supports a larger tenant pool and ongoing demand for rental units. Elevated home values at the neighborhood level relative to national benchmarks suggest a high-cost ownership market, which tends to sustain reliance on multifamily housing and can bolster pricing power when managed carefully.
Safety trends should be evaluated at the neighborhood level rather than the property. Compared with neighborhoods nationwide, the area scores below average for safety; however, recent data indicate property crime has improved year over year. Within the Oakland–Berkeley–Livermore metro (469 neighborhoods), the neighborhood’s crime positioning is below the metro median, so investors should underwrite security measures and tenant-experience strategies accordingly.
Proximity to a diversified employment base supports workforce housing demand and commute convenience, led by logistics, industrial equipment, and large Bay Area corporate headquarters from energy and life sciences.
- Ryder — logistics services (2.7 miles)
- Caterpillar — industrial equipment offices (4.3 miles)
- Chevron — energy (9.8 miles) — HQ
- Clorox — consumer products (11.5 miles) — HQ
- Gilead Sciences — biopharma (12.5 miles) — HQ
907 Elgin St is a 21-unit asset built in 1982, positioned in a renter-heavy neighborhood with steady occupancy and strong access to daily amenities. Being newer than much of the surrounding 1970s stock can help competitiveness, while typical late-1970s/early-1980s systems may benefit from targeted upgrades to drive rent and retention. Elevated local home values relative to national norms reinforce reliance on rental housing, supporting demand depth and lease stability.
Within a 3-mile radius, incomes have trended higher and population is expected to inch up, pointing to a durable tenant base and ongoing renter pool expansion. Neighborhood occupancy remains in the mid-90s, according to CRE market data from WDSuite, and forward rent levels in the area are projected to advance, supporting a conservative growth case. Underwriting should account for safety considerations and affordability pressure, but the combination of renter concentration, amenity access, and value-add potential creates a balanced long-term thesis.
- Renter-heavy neighborhood supports depth of tenant base and leasing stability
- 1982 vintage offers value-add opportunities while competing well versus older local stock
- Strong grocery and dining access aids livability and retention
- Neighborhood occupancy near mid-90s, per WDSuite, underpinning stable operations
- Risks: below-average safety metrics and affordability pressure require attentive management