| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 28th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 26100 Gading Rd, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1988 |
| Units | 72 |
| Transaction Date | 2025-02-14 |
| Transaction Price | $1,300,000 |
| Buyer | MAJORIE FOWLER REVOCABLE TRUST |
| Seller | SMITH FAMILY TRUST |
26100 Gading Rd, Hayward CA — 72-Unit Multifamily
High renter concentration and a high-cost ownership market support durable demand and occupancy in this Urban Core pocket of Hayward, according to WDSuite’s CRE market data.
This asset sits in an Urban Core neighborhood where renter-occupied housing is prevalent (renter concentration measured at the neighborhood level), creating a deep tenant base for multifamily leasing. Neighborhood occupancy is solid, and local NOI per unit runs strong compared with national benchmarks, signaling competitive revenue potential in this submarket.
Daily needs are well-covered: grocery, restaurant, and childcare densities rank in the top quartile among 469 metro neighborhoods, indicating convenient access that supports resident satisfaction and lease retention. Park access is limited relative to the metro, but everyday amenities are a clear strength.
Within a 3-mile radius, population has been essentially stable while household counts have edged higher and are projected to continue rising by 2028 alongside smaller average household sizes. For investors, that points to gradual renter pool expansion and supports occupancy stability over time.
Ownership costs are elevated in this part of Alameda County, with home values well above national norms and a high value-to-income ratio. That dynamic tends to reinforce reliance on rental housing, which can aid pricing power and retention, while the neighborhood’s rent-to-income levels suggest manageable affordability pressure that can be addressed through disciplined lease management.
The property’s 1988 vintage is newer than the neighborhood’s average construction year, which can enhance competitive positioning versus older stock; investors should still plan for targeted modernization and system updates to meet current resident expectations.
Safety trends are mixed. Relative to the 469 neighborhoods in the Oakland–Berkeley–Livermore metro, this area sits below the metro median for safety. Nationally, it falls below average on safety percentiles; however, year-over-year property offense rates have improved meaningfully, indicating a recent downward trend in reported property crime.
Investors should underwrite with standard risk controls (lighting, access controls, resident screening) and monitor local trend data; the recent improvement in property offenses provides a constructive directional signal but does not eliminate risk.
Proximity to a diverse employment base supports workforce housing demand and commute convenience for residents, including manufacturing, logistics, and corporate offices noted below.
- Caterpillar — manufacturing offices (2.4 miles)
- Ryder — logistics (2.7 miles)
- The Clorox Company — consumer goods offices (10.1 miles)
- Chevron — energy (10.2 miles) — HQ
- Sanmina Corporation — electronics manufacturing services (11.1 miles)
26100 Gading Rd offers a 72‑unit, 1988‑vintage footprint positioned in a renter-heavy Urban Core neighborhood of Hayward. Elevated ownership costs and strong daily-amenity coverage bolster renter demand, while neighborhood-level NOI per unit benchmarks rank among the stronger cohorts nationally. Based on CRE market data from WDSuite, neighborhood occupancy remains healthy and the local renter concentration provides depth to the tenant base.
Within 3 miles, households have increased despite flat population trends, and projections indicate continued household growth by 2028 alongside smaller household sizes — a setup that generally supports sustained demand for multifamily units. The 1988 vintage is newer than the area’s average, offering competitive positioning versus older stock and potential to capture rent through selective renovations, while underwriting should account for local safety variance and limited park access.
- Renter-heavy neighborhood and healthy occupancy support leasing stability.
- Strong amenity access (groceries, restaurants, childcare) aids retention and appeal.
- Elevated home values reinforce reliance on rentals, supporting pricing power.
- 1988 vintage offers competitive positioning with value-add modernization upside.
- Risks: below-metro-median safety and limited park access warrant prudent operations and amenity strategy.