| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 70th | Good |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19960 Santa Maria Ave, Castro Valley, CA, 94546, US |
| Region / Metro | Castro Valley |
| Year of Construction | 1987 |
| Units | 61 |
| Transaction Date | 2015-09-12 |
| Transaction Price | $8,000,000 |
| Buyer | SH 1 Castro Valley |
| Seller | Eden Villa LP |
19960 Santa Maria Ave, Castro Valley Multifamily Investment
Stabilized renter demand and high-cost homeownership in Castro Valley support steady cash flow potential, according to WDSuite’s CRE market data. The 61-unit, 1987 vintage asset benefits from a strong neighborhood rating and proximity to major East Bay employment nodes.
The property sits in an Urban Core neighborhood rated A and ranked 52 out of 469 in the Oakland–Berkeley–Livermore metro, placing it above the metro median for overall performance. Neighborhood occupancy averages are high, with recent readings around the mid‑to‑upper 90s, signaling resilient leasing conditions for multifamily operators in this submarket.
Daily-life amenities are a local strength: cafes, restaurants, groceries, and pharmacies score in the upper national percentiles, and public school quality averages near the top decile nationwide. This concentration of services supports resident convenience and reduces friction on renewals, a notable factor for mid-size assets. Based on multifamily property research from WDSuite, this area’s amenity mix compares favorably to most East Bay neighborhoods.
Tenure patterns show a renter-occupied share in the mid‑40% range at the neighborhood level, indicating a deep tenant pool relative to many suburban pockets and supporting absorption for well-managed communities. Median contract rents trend in the upper tiers for the region while the neighborhood rent-to-income ratio near 0.24 points to measured affordability pressure—useful for balancing pricing power with retention.
Within a 3-mile radius, demographics reflect a diversified age mix and rising incomes over the last five years, while household sizes have edged up modestly. Looking forward, local projections suggest population may ease slightly, but household counts are expected to increase with smaller average household sizes—dynamics that can expand the renter base and support occupancy stability even as demographics shift.
Home values are elevated versus national norms and sit near the top of U.S. percentiles for price-to-income, a context that tends to sustain reliance on rental housing and can bolster lease-up and retention for well-located multifamily communities.
Safety metrics are mixed compared with national benchmarks. Overall crime outcomes sit below national medians, and the neighborhood ranks 323 out of 469 metro neighborhoods—indicating performance that trails the metro average. Property offenses have shown meaningful year-over-year improvement locally, while violent-offense measures remain weaker versus national peers. For investors, this suggests monitoring trends and emphasizing on-site security and resident experience as part of operations.
Proximity to diversified East Bay employers supports commuter convenience and broad renter demand, with nearby roles spanning logistics, industrial, energy, and retail corporate functions.
- Ryder — logistics (4.3 miles)
- Caterpillar — industrial equipment offices (5.5 miles)
- Chevron — energy (7.6 miles) — HQ
- The Clorox Company — consumer products (9.4 miles)
- Ross Stores — retail corporate (10.3 miles) — HQ
This 61‑unit, 1987-vintage property offers scale and a competitive position versus the neighborhood’s older average stock, with potential to capture steady occupancy supported by an A‑rated Urban Core location. Elevated ownership costs and a renter-occupied share around the mid‑40% range indicate a durable tenant base, while amenity access and strong school ratings reinforce retention. According to CRE market data from WDSuite, neighborhood occupancy trends remain high relative to national norms, and rent-to-income levels near the mid‑20s support disciplined rent management.
Forward-looking demographics within a 3-mile radius point to a modest dip in population alongside an increase in household counts and smaller household sizes, which can expand the renter pool over time. Given the 1987 vintage, investors should plan for targeted system upgrades or value-add modernization to sustain competitiveness against newer supply.
- A‑rated neighborhood with high occupancy supports income stability
- 1987 vintage offers value-add and modernization pathways versus older local stock
- Elevated home values reinforce reliance on rentals, aiding pricing power
- Amenity access and strong schools strengthen renewal prospects
- Risks: safety metrics trail national averages; capital planning for aging systems recommended