| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 54th | Fair |
| Amenities | 55th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16450 Foothill Blvd, Castro Valley, CA, 94578, US |
| Region / Metro | Castro Valley |
| Year of Construction | 1978 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16450 Foothill Blvd, Castro Valley Multifamily Investment
Neighborhood occupancy is strong and homeownership costs are elevated, pointing to durable renter demand near 16450 Foothill Blvd, according to WDSuite’s CRE market data.
This Inner Suburb location in the Oakland–Berkeley–Livermore metro offers day-to-day convenience with solid grocery and park access (nationally around the low‑80s percentiles), plus a healthy restaurant mix. Childcare availability also scores well for the neighborhood, while pharmacy and cafe density are limited, which may temper walk-to-amenity appeal.
Neighborhood occupancy measures are above the metro median and sit in the top quintile nationally, based on WDSuite’s CRE market data. For multifamily investors, that typically supports rent roll stability and steadier leasing through cycles. The share of housing units that are renter‑occupied in the neighborhood is competitive among Oakland–Berkeley–Livermore neighborhoods (rank 141 of 469), indicating a meaningful tenant base for a 38‑unit asset.
Within a 3‑mile radius, demographics show modest population growth in recent years with forecasts calling for further population gains and an increase in households. That combination, along with an average household size near three persons, points to a stable or expanding renter pool and supports occupancy resilience.
Ownership costs are high relative to incomes in this neighborhood (nationally high home values and a value‑to‑income ratio near the top of U.S. neighborhoods). For investors, a high‑cost ownership market generally reinforces reliance on multifamily housing, aiding lease retention and pricing power when units are well‑positioned.
Safety metrics for the neighborhood trail national averages, with crime levels ranking below the midpoint among Oakland–Berkeley–Livermore neighborhoods (rank 341 of 469). Nationally, the neighborhood compares in the lower percentiles for violent crime, so investors should underwrite with conservative assumptions for security, lighting, and resident experience.
Recent trends are mixed but directionally constructive in places: estimated property offenses show a notable year‑over‑year decline, and violent offense rates also ticked down modestly. While this does not guarantee future conditions, the momentum suggests risk management measures and community engagement can complement underwriting to support leasing stability.
Proximity to established employers supports commuter convenience and broad renter demand, anchored by logistics, heavy equipment, energy, and consumer goods offices within roughly 3–12 miles.
- Ryder — logistics (3.4 miles)
- Caterpillar — heavy equipment offices (4.9 miles)
- Chevron — energy (9.0 miles) — HQ
- The Clorox Company — consumer products (11.0 miles)
- Clorox — consumer products (11.6 miles) — HQ
The neighborhood posts above‑median metro occupancy and ranks in the top quintile nationally, signaling a favorable backdrop for income durability. A competitive renter‑occupied share underscores tenant base depth, while high ownership costs in this part of Alameda County tend to sustain demand for well‑run multifamily. Within a 3‑mile radius, recent population growth and an expected increase in households point to a larger renter pool that can support steady lease‑up and retention.
According to commercial real estate analysis from WDSuite, rents in the surrounding area have grown meaningfully over five years, and neighborhood NOI per unit benchmarks rank well versus peers, reinforcing an operational upside case through targeted renovations and management. Key underwriting considerations include safety metrics that lag national norms and rent‑to‑income levels that warrant active lease management to preserve retention.
- Above‑median metro occupancy and top‑quintile national standing support income stability
- Competitive renter concentration in the neighborhood indicates a deep tenant base
- High‑cost ownership market reinforces sustained multifamily demand and pricing power
- 3‑mile population growth and forecast household gains bolster leasing and retention
- Risks: safety metrics below national averages and affordability pressure require disciplined operations