| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20800 Lake Chabot Rd, Castro Valley, CA, 94546, US |
| Region / Metro | Castro Valley |
| Year of Construction | 1990 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
20800 Lake Chabot Rd Castro Valley Multifamily Investment
This 96-unit property built in 1990 serves a neighborhood with 98.9% occupancy rates and strong rental demand fundamentals. Commercial real estate analysis from WDSuite shows the area ranks in the top quartile nationally for occupancy stability among Bay Area neighborhoods.
Castro Valley offers a compelling investment environment within the Oakland-Berkeley-Livermore metro, ranking 104th among 469 metro neighborhoods with an A- rating. The neighborhood demonstrates exceptional occupancy fundamentals, with 98.9% occupancy rates ranking in the 94th percentile nationally—a strong indicator of rental demand stability for multifamily operators.
The area maintains robust rental tenure, with 67.9% of housing units occupied by renters, placing it in the 96th percentile nationally. This high rental share supports consistent demand for multifamily properties. Median contract rents of $2,192 reflect the neighborhood's position in a high-value market, with 47% rent growth over five years demonstrating pricing power potential.
Demographics within a 3-mile radius show 164,155 residents with a median household income of $106,289, supporting rent-paying capacity. The area benefits from strong amenity density, ranking in the 99th percentile nationally for grocery stores and restaurants per square mile—factors that enhance tenant retention. Home values averaging $833,300 with 46% appreciation over five years reinforce rental demand by maintaining elevated ownership costs that keep households in the rental market.
The property's 1990 construction year aligns with the neighborhood average of 1971, suggesting consistent building stock without significant capital expenditure pressures from outdated infrastructure. Forward-looking demographics project household growth of 32% through 2028, expanding the potential tenant base and supporting occupancy stability.
Safety metrics show moderate performance relative to the Oakland-Berkeley-Livermore metro area. The neighborhood ranks 276th among 469 metro neighborhoods for overall crime, placing it near the metro median. Property offense rates have declined 20.7% over the past year, indicating improving trends that may support tenant retention and leasing stability.
Violent crime rates rank 349th among metro neighborhoods, with a 31% year-over-year decline suggesting positive directional movement. While safety metrics remain competitive among Bay Area neighborhoods, investors should monitor local trends and consider security enhancements as part of property positioning and tenant appeal strategies.
The Castro Valley area benefits from proximity to major Bay Area corporate employers, providing workforce housing opportunities for a diverse professional tenant base.
- Ryder — logistics and transportation (3.6 miles)
- Caterpillar — heavy machinery and equipment (4.9 miles)
- Chevron — energy and petroleum — HQ (8.2 miles)
- The Clorox Company — consumer products (9.8 miles)
- Ross Stores — retail corporate offices — HQ (10.8 miles)
This Castro Valley property presents solid fundamentals anchored by exceptional neighborhood occupancy rates of 98.9% and strong rental tenure at 67.9% of housing units. The 1990 construction vintage positions the asset for potential value-add opportunities while avoiding the capital intensity of significantly older properties. CRE market data from WDSuite confirms the neighborhood's A- rating reflects above-average performance across key multifamily metrics.
Demographics within a 3-mile radius support rental demand with 164,155 residents and projected household growth of 32% through 2028. Elevated home values averaging $833,300 reinforce rental market dynamics by maintaining ownership barriers that sustain multifamily demand. The Bay Area's established corporate employer base provides workforce housing opportunities, though investors should monitor regional economic shifts and their impact on tenant retention.
- Exceptional occupancy fundamentals at 98.9% neighborhood-level, ranking 94th percentile nationally
- Strong rental tenure with 67.9% of housing units renter-occupied
- 1990 construction vintage offers value-add potential without major infrastructure concerns
- Projected 32% household growth through 2028 expands tenant base
- Risk consideration: Bay Area economic volatility may impact employment and tenant stability