| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 40th | Poor |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 26379 Whitman St, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1978 |
| Units | 120 |
| Transaction Date | 1997-03-28 |
| Transaction Price | $2,477,000 |
| Buyer | WHITMAN GREEN LP |
| Seller | DON FELSON |
26379 Whitman St Hayward CA Multifamily Investment
Neighborhood occupancy has held firm and ownership costs remain elevated for Hayward, supporting renter demand according to WDSuite’s CRE market data. For investors, this points to durable leasing fundamentals with room to manage rent and retention through cycles.
The property sits in Hayward’s Urban Core within the Oakland–Berkeley–Livermore metro, where neighborhood-level occupancy trends are competitive among 469 metro neighborhoods and have remained in the high range, based on commercial real estate analysis from WDSuite. This stability, combined with a renter base supported by a high-cost ownership market, reinforces depth of demand for multifamily units.
Local livability supports leasing: cafes and parks per square mile rank among the top quartile nationally, and grocery access outperforms many peer areas. These amenities strengthen day-to-day convenience and can aid tenant retention, even if some services like pharmacies are thinner in the immediate area.
Within a 3-mile radius, roughly the mid-40s percent of housing units are renter-occupied, indicating a meaningful renter concentration and a sizable tenant pool. Households are projected to increase even as population trends edge down, implying smaller household sizes and a broader base of renters entering the market — dynamics that typically support occupancy stability and steady leasing velocity.
Vintage is a consideration: the asset was built in 1978, newer than the neighborhood’s average construction year. That positioning can be competitive versus older stock, while still warranting targeted capital planning for aging systems and value-add common-area or unit-level upgrades.
Safety metrics for the neighborhood track near the metro middle among 469 Oakland–Berkeley–Livermore neighborhoods and around the national median overall, according to WDSuite. Recent data also indicate a notable year-over-year improvement in property crime rates locally, which is a constructive trend for long-term operations and leasing confidence.
Violent crime benchmarks sit below stronger national percentiles, so prudent on-site security practices and lighting, along with resident engagement, remain practical risk management steps. Investors should view the trendline improvement alongside the area’s median positioning — not as a guarantee, but as an incremental positive for tenant retention and asset operations.
Proximity to logistics, manufacturing, retail, and energy corporate offices supports a broad employment base and commute convenience for renters. The nearby nodes below represent potential demand drivers for workforce and professional tenants in this submarket.
- Caterpillar — industrial equipment (3.0 miles)
- Ryder — logistics (3.3 miles)
- The Clorox Company — consumer products (9.5 miles)
- Chevron — energy (9.7 miles) — HQ
- Ross Stores — retail corporate (10.7 miles) — HQ
This 120-unit, 1978-vintage asset benefits from resilient neighborhood occupancy, a sizable local renter pool, and proximity to diversified employers. According to CRE market data from WDSuite, the surrounding neighborhood sits competitively within the metro on occupancy, while elevated home values in Alameda County sustain reliance on multifamily housing — supportive of pricing power and lease retention.
The vintage is newer than the area’s average construction year, offering relative competitiveness versus older stock and a clear roadmap for targeted upgrades to interiors, building systems, and amenities. Within a 3-mile radius, household counts are projected to rise even as population trends ease, pointing to smaller household sizes and a broader tenant base that can support steady leasing and renewal momentum.
- Competitive neighborhood occupancy supports stable cash flow potential
- High-cost ownership market reinforces renter demand and pricing power
- 1978 vintage offers value-add upside with targeted capital planning
- Nearby diversified employers bolster leasing depth and retention
- Risk: school quality benchmarks and mixed safety percentiles warrant active management