| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Poor |
| Demographics | 42nd | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 22811 Vermont St, Hayward, CA, 94541, US |
| Region / Metro | Hayward |
| Year of Construction | 1986 |
| Units | 64 |
| Transaction Date | 1998-04-02 |
| Transaction Price | $305,500 |
| Buyer | SEEMA SALWAN SHARMA TRUST |
| Seller | BRIGHT W E JACK |
22811 Vermont St Hayward Multifamily Investment
This 64-unit property built in 1986 sits in a neighborhood with strong amenity access and high rental demand, where nearly half of housing units are renter-occupied according to WDSuite's CRE market data.
The property occupies a well-established neighborhood in Hayward's urban core, ranking in the top quartile nationally for amenity access. With 9.92 grocery stores per square mile and 41.66 restaurants per square mile, the area provides exceptional convenience for residents. The neighborhood demonstrates solid fundamentals with a median household income of $104,446 within a 3-mile radius and 49.1% of housing units occupied by renters, indicating sustained rental demand.
Built in 1986, this property aligns with the neighborhood's average construction year of 1971, suggesting opportunities for value-add improvements and modernization relative to the existing housing stock. Current neighborhood-level occupancy stands at 85.9%, though this reflects broader market conditions rather than property-specific performance. Median contract rents in the area reach $2,095 for one-bedroom units, with rental rates experiencing 41.9% growth over the past five years.
Demographics within the 3-mile radius show population stability with modest 2.5% growth over five years, while household income has risen 37.6% during the same period. The area maintains a balanced age distribution, with 42.2% of residents aged 35-64, supporting workforce housing demand. Forecasts suggest continued household formation and income growth, with median household income projected to reach $158,249 by 2028.
The neighborhood's safety profile shows mixed indicators that warrant consideration in investment analysis. Property crime rates rank 407th among 469 metro neighborhoods, placing it in the lower quartile for property safety. However, the area has experienced a notable 36.2% reduction in property crime over the past year, ranking in the top quartile nationally for crime improvement trends.
Violent crime rates also present challenges, with the neighborhood ranking 421st of 469 metro neighborhoods. Investors should factor these safety metrics into tenant screening, security measures, and insurance considerations. The recent downward trend in property crime suggests ongoing community and law enforcement efforts that may continue to improve conditions over time.
The property benefits from proximity to major corporate employers across diverse industries, supporting stable tenant demand from professional workers in the East Bay corridor.
- Ryder — logistics and transportation (4.1 miles)
- Caterpillar — industrial equipment (4.8 miles)
- Chevron — energy services (7.8 miles) — HQ
- The Clorox Company — consumer products (8.6 miles)
- Ross Stores — retail headquarters (9.6 miles) — HQ
This 64-unit property presents a value-add opportunity in a neighborhood with strong rental fundamentals and improving safety trends. The 1986 construction year provides potential for modernization and rent growth, while the area's exceptional amenity density and 49.1% renter-occupied housing units support sustained tenant demand. Commercial real estate analysis from WDSuite indicates the neighborhood ranks in the top quartile nationally for amenities, with household income growth of 37.6% over five years strengthening the renter pool.
Demographic projections within the 3-mile radius show continued household formation and income growth, with median household income expected to reach $158,249 by 2028. The property's proximity to major employers including Chevron, Caterpillar, and Ross Stores headquarters provides employment stability for the tenant base. However, investors should account for below-average safety metrics and potential capital expenditure needs given the property's vintage.
- Strong rental demand with 49.1% of neighborhood housing units renter-occupied
- Value-add potential from 1986 construction year and modernization opportunities
- Exceptional amenity access ranking in top quartile nationally
- Proximity to major corporate employers supporting workforce housing demand
- Risk consideration: Below-average safety metrics require security and insurance planning