| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Poor |
| Demographics | 42nd | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 22525 3rd St, Hayward, CA, 94541, US |
| Region / Metro | Hayward |
| Year of Construction | 1989 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
22525 3rd St Hayward Multifamily Investment
Amenity-rich Urban Core location with a deep renter base and a high-cost ownership market supporting sustained demand, according to WDSuite’s CRE market data for the surrounding neighborhood.
Set within Hayward’s Urban Core, the property benefits from strong daily-needs access. Neighborhood amenity density is competitive among Oakland-Berkeley-Livermore neighborhoods, with grocery, restaurant, and cafe counts ranking in the upper tier locally and top quartile nationally. Limited park access is a constraint investors should factor into resident experience and marketing.
Vintage matters: the submarket’s average construction year is 1971, while this asset’s 1989 build positions it newer than much of the nearby stock. That generally supports relative competitiveness versus older assets; investors should still plan for modernization of aging systems where prudent.
Neighborhood-level housing signals present a mixed picture. The share of renter-occupied housing units is high (upper-tier locally), indicating depth in the tenant base, while neighborhood occupancy has trailed metro peers recently, suggesting leasing execution and pricing discipline will be important. Elevated home values (top decile nationally) reinforce renter reliance on multifamily housing, and a moderate rent-to-income picture suggests manageable affordability pressure that can aid retention.
Demographic statistics aggregated within a 3-mile radius show population holding roughly steady over recent years, with forecasts pointing to modest population growth and a meaningful increase in households by the late 2020s. Rising household incomes in this radius bolster demand for quality rentals and can support renewal performance and measured rent growth as part of a disciplined commercial real estate analysis.
Safety trends warrant monitoring. The neighborhood sits below national safety percentiles today, but recent data show property-related offenses declining year over year, an encouraging directional shift. Within the Oakland-Berkeley-Livermore metro (469 neighborhoods), the area performs below the metro median on several safety indicators, so investors should plan for appropriate on-site measures (lighting, access control) and factor this into underwriting and asset management.
Proximity to diverse employment anchors supports commuter convenience and broad renter demand, with logistics, heavy equipment, energy, consumer products, and retail headquarters within a practical drive of the asset. The employers below represent the primary nearby draw.
- Ryder — logistics (3.2 miles)
- Caterpillar — heavy equipment offices (4.0 miles)
- Chevron — energy (8.6 miles) — HQ
- The Clorox Company — consumer products (9.5 miles)
- Ross Stores — off-price retail (10.6 miles) — HQ
This 68-unit, 1989-vintage asset in Hayward’s Urban Core combines everyday convenience with access to a wide labor base. Newer construction relative to the neighborhood average improves competitive positioning versus older stock, while strong grocery and dining density enhances renter appeal. According to CRE market data from WDSuite, elevated neighborhood home values and a sizable renter-occupied share support a durable tenant pool, and a moderate rent-to-income profile suggests potential for stable renewals when paired with disciplined lease management.
Key watch items include neighborhood-level occupancy running below metro norms and safety metrics that sit below national percentiles, which argue for conservative underwriting and continued operational focus. Given vintage, targeted upgrades and systems modernization can unlock value-add potential while maintaining cost control.
- Amenity-dense Urban Core location with strong daily-needs access supporting leasing and retention.
- 1989 construction offers relative competitiveness versus older neighborhood stock; selective modernization can enhance positioning.
- Elevated home values and a deep renter-occupied base reinforce multifamily demand and pricing power potential.
- Neighborhood occupancy below metro medians and safety metrics below national percentiles warrant conservative underwriting and active asset management.