| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 41st | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 280 Flint Ct, Hayward Acres, CA, 94541, US |
| Region / Metro | Hayward Acres |
| Year of Construction | 1990 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
280 Flint Ct Hayward Acres Multifamily Investment
This 26-unit property in Alameda County benefits from neighborhood-level occupancy above 96% and strong rental demand fundamentals, according to CRE market data from WDSuite.
Built in 1990, this property aligns with the neighborhood's average construction vintage of 1973, positioning it as a relatively newer asset that may require less immediate capital expenditure than older properties in the area. The neighborhood demonstrates strong rental market fundamentals with occupancy rates at 96.1% and median contract rents of $2,061, placing it in the 92nd percentile nationally for rent levels.
The area maintains a balanced tenure profile with 55.9% of housing units occupied by renters, ranking in the 92nd percentile nationally for rental share. This substantial renter base, combined with median household income of $97,796 within the 3-mile radius, supports consistent rental demand. Demographic projections indicate household growth of 33.8% over the next five years, expanding the potential tenant pool and supporting occupancy stability.
Local amenities enhance tenant appeal, with the neighborhood ranking in the 98th percentile nationally for grocery store density at 6.79 per square mile and 97th percentile for restaurant access with 21.74 establishments per square mile. However, the area shows limited park access, ranking last among the 469 metro neighborhoods, which may affect tenant retention for families seeking recreational amenities.
The neighborhood's safety profile presents mixed indicators that warrant careful consideration. Property crime rates show improvement with a 42.4% decrease over the past year, ranking in the 83rd percentile nationally for crime reduction trends. However, current property offense rates remain elevated at approximately 1,489 incidents per 100,000 residents, placing the area in the 15th percentile nationally.
Violent crime rates of 429 incidents per 100,000 residents position the neighborhood in the 11th percentile nationally, though these rates have also declined by 22.4% year-over-year. The overall crime ranking of 291st among 469 metro neighborhoods indicates performance near the middle of the regional distribution, with the downward trend in both crime categories suggesting improving conditions.
The property benefits from proximity to major corporate employers that anchor the regional workforce and support rental housing demand.
- Ryder — logistics and transportation (1.6 miles)
- Caterpillar — industrial equipment (2.9 miles)
- Chevron — energy sector HQ (10.2 miles)
- The Clorox Company — consumer goods (11.2 miles)
- Gilead Sciences — biotechnology HQ (11.8 miles)
This 26-unit property offers stable cash flow fundamentals in a neighborhood with above-average occupancy rates and strong rental demand drivers. The area's 96.1% occupancy rate exceeds many comparable markets, while the substantial 55.9% rental share indicates deep tenant demand. Commercial real estate analysis from WDSuite shows the neighborhood generating average NOI per unit of $12,098, ranking in the 88th percentile nationally for multifamily performance.
Demographic trends support long-term rental demand, with projected household growth of 33.8% over five years and median household income growth of 37.6% forecast through 2028. The 1990 construction vintage positions the property as newer than the neighborhood average, potentially reducing near-term capital expenditure needs while offering value-add opportunities through unit upgrades and amenity improvements.
- Strong occupancy fundamentals with 96.1% neighborhood rate and high rental tenure share
- Above-average NOI performance ranking in 88th percentile nationally
- Projected 33.8% household growth supporting tenant demand expansion
- Limited park amenities and elevated crime rates may impact tenant retention and require active management