| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 40th | Poor |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 22774 Grand St, Hayward, CA, 94541, US |
| Region / Metro | Hayward |
| Year of Construction | 2000 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
22774 Grand St Hayward Multifamily Investment Opportunity
Stable neighborhood occupancy and a high-cost ownership market support durable renter demand in Hayward, according to WDSuite’s commercial real estate analysis. Newer 2000 vintage relative to local stock points to competitive positioning with potential for targeted upgrades.
The property sits in Hayward’s Urban Core within the Oakland–Berkeley–Livermore metro, where neighborhood occupancy is strong and above most U.S. areas. The local neighborhood’s occupancy rate ranks in the upper tier nationally (83rd percentile), suggesting resilient leasing and low downtime risk for multifamily assets based on CRE market data from WDSuite.
Renter-occupied housing makes up a meaningful share of units in the neighborhood (58.8% renter-occupied), indicating a deep tenant base for a 36-unit community. This concentration typically supports more consistent demand through turnover cycles and can aid lease-up and retention management.
Access to daily needs is a relative strength: grocery availability ranks near the top nationally (99th percentile), and restaurant density is also high (94th percentile). By contrast, neighborhood cafe counts and park/pharmacy density are limited, so residents may rely on nearby districts for those amenities. For families, average school ratings in the neighborhood trail national norms, which may influence unit mix strategy and marketing toward workforce renters.
Home values in the neighborhood are elevated versus most U.S. areas (94th percentile) and value-to-income is high, characteristic of a high-cost ownership market. For multifamily investors, this context generally reinforces reliance on rental housing and can support pricing power, though rent-to-income dynamics should be monitored to manage retention.
The asset’s 2000 construction is materially newer than the neighborhood average vintage (1955), providing a competitive edge versus older stock while still allowing room for modernization initiatives to refresh finishes and building systems as part of a value-add plan.
Demographic statistics aggregated within a 3-mile radius show a broadly stable population with forecasts pointing to a modest increase in households and a small decline in average household size over the next five years. For investors, this implies a slightly larger renter pool and supports occupancy stability, especially for well-located workforce housing.
Safety indicators for the neighborhood are mixed relative to the metro and nation. The neighborhood’s overall crime rank is 340 out of 469 metro neighborhoods, indicating conditions that trail the metro median. Nationally, the neighborhood sits below mid-range safety percentiles.
Property crime levels benchmark in lower national percentiles, but recent trends show improvement, with property offenses declining year over year according to WDSuite’s CRE data. Violent offense benchmarks are weaker nationally and have risen in the latest period. Investors commonly address these dynamics through lighting, access control, and security partnerships, and should underwrite corresponding operating measures.
Nearby corporate employers provide a diversified employment base that supports renter demand and commute convenience, notably in logistics, industrial equipment, energy, retail, and consumer products.
- Ryder — logistics (2.5 miles)
- Caterpillar — industrial equipment offices (3.2 miles)
- Chevron — energy (9.4 miles) — HQ
- The Clorox Company — consumer products (10.1 miles)
- Ross Stores — retail HQ & merchandising (11.2 miles) — HQ
22774 Grand St is a 36-unit, 2000-vintage community positioned against older neighborhood stock, offering relative competitiveness and a clear path for targeted value-add. Occupancy in the surrounding neighborhood is strong versus national norms, and renter-occupied share is substantial, pointing to depth of tenant demand and support for leasing stability.
Elevated home values across the neighborhood reinforce reliance on rental housing and can sustain pricing power when paired with thoughtful rent-to-income management. Within a 3-mile radius, projections indicate a modest increase in households and a slight reduction in household size, suggesting a gradually expanding renter pool. According to CRE market data from WDSuite, local retail amenity access is strong for groceries and dining, though investors should weigh security measures and school ratings in underwriting and operations.
- Newer 2000 construction versus local average, with modernization and interior upgrade potential
- Strong neighborhood occupancy and sizable renter-occupied share support leasing durability
- High-cost ownership market underpins rental demand and potential pricing power
- Proximity to diversified employers supports workforce renter demand and retention
- Risks: below-metro safety benchmarks and weaker school ratings; plan for security and targeted marketing