| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Poor |
| Demographics | 42nd | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1140 D St, Hayward, CA, 94541, US |
| Region / Metro | Hayward |
| Year of Construction | 1975 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1140 D Street Hayward Multifamily Investment
This 30-unit property built in 1975 positions investors in an urban core neighborhood with 49.1% rental occupancy and strong retail density. CRE market data from WDSuite indicates neighborhood rents reached $2,095 median with 41.9% five-year growth.
The neighborhood ranks in the top quartile nationally for amenity access, with exceptional retail density including 41.66 restaurants per square mile and 9.92 grocery stores per square mile, both ranking in the 99th percentile nationwide among 469 metro neighborhoods. This amenity concentration supports tenant retention in a market where 49.1% of housing units are renter-occupied, well above the 88th national percentile for rental share.
Built in 1975, this property aligns with the neighborhood's 1971 average construction year, indicating potential value-add opportunities through strategic renovations and unit improvements. Demographics within a 3-mile radius show a stable tenant base with median household income of $104,412 and projected 42.1% income growth through 2028, supporting rent growth potential.
Current neighborhood occupancy of 85.9% reflects typical urban core dynamics, while median contract rents of $2,095 represent strong pricing power in this Alameda County submarket. The rent-to-income ratio of 0.21 suggests manageable affordability for area renters, though elevated home values at $744,294 median reinforce rental demand by limiting ownership accessibility for many households.
Population projections indicate 3.5% growth through 2028 with household formation expanding 33.6%, translating to a larger renter pool and sustained multifamily demand. The area's urban core classification and high amenity density position it well for continued rental market strength.
Safety metrics show mixed trends requiring careful consideration for property management planning. The neighborhood ranks 361st among 469 metro neighborhoods for overall crime, placing it in the bottom half locally while maintaining the 36th national percentile compared to neighborhoods nationwide.
Property crime rates have declined 36.2% year-over-year, ranking in the 79th percentile nationally for improvement trends, indicating positive momentum in public safety initiatives. Violent crime rates show modest 1.9% annual decline, suggesting stable security conditions for resident retention and property operations.
Major corporate employers within commuting distance provide workforce housing demand, anchored by industrial and technology companies throughout the East Bay corridor.
- Ryder — logistics and transportation (3.0 miles)
- Caterpillar — industrial equipment (3.8 miles)
- Chevron — energy and petroleum — HQ (8.8 miles)
- The Clorox Company — consumer products (9.5 miles)
- Ross Stores — retail corporate offices — HQ (10.6 miles)
This 30-unit property offers value-add potential in a neighborhood with strong fundamentals and improving safety trends. The 1975 construction year creates renovation upside opportunities while the area's exceptional amenity density and 49.1% rental share support tenant demand. According to CRE market data from WDSuite, neighborhood rents have grown 41.9% over five years with projected demographic expansion of 33.6% household growth through 2028.
Proximity to major employers including Chevron, Ross Stores, and industrial logistics companies provides workforce housing demand, while declining property crime rates and stable occupancy patterns indicate operational stability. The urban core location with top-quartile amenity access positions the asset for sustained rental performance in the Oakland-Berkeley-Livermore metro.
- Value-add opportunity with 1975 vintage allowing strategic unit improvements
- Strong rental demand supported by 49.1% neighborhood rental share and limited ownership affordability
- Exceptional amenity density with 99th percentile restaurant and grocery access
- Projected 33.6% household growth through 2028 expanding tenant base
- Risk consideration: Below-average safety metrics require active property management and security planning