| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 28th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 26898 Tyrrell Ave, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1989 |
| Units | 27 |
| Transaction Date | 1994-09-27 |
| Transaction Price | $1,450,000 |
| Buyer | PROPE SALWAN RAJNEESH |
| Seller | SALWAN DHARAM P |
26898 Tyrrell Ave Hayward 27‑Unit Multifamily
Steady neighborhood occupancy and a high-cost ownership market point to durable renter demand in Hayward, according to WDSuite’s CRE market data. For investors, the combination supports stable tenancy with room for strategic upgrades.
Located in the Oakland-Berkeley-Livermore metro, the neighborhood around 26898 Tyrrell Ave shows solid renter fundamentals: the area’s occupancy is reported at the neighborhood level (not the property) and has remained healthy, and rents have risen over the past five years based on CRE market data from WDSuite. With elevated home values relative to incomes in the neighborhood, renters often rely on multifamily options, which can support lease retention and pricing power.
Amenity access is competitive among Oakland-Berkeley-Livermore neighborhoods (ranked 76 out of 469), with strong concentrations of grocery, restaurants, and everyday services that appeal to tenants. Park access is limited, which may factor into resident preferences, but daily convenience remains a draw for workforce households.
Vintage matters for positioning: the neighborhood’s average construction year skews to the late 1970s, while this asset’s 1989 vintage can compete well versus older stock; investors should still plan for system modernization and targeted common-area refreshes to meet current renter expectations.
Tenure patterns at the neighborhood level indicate a high share of renter-occupied housing units, signaling depth in the tenant base and supporting demand across unit types. Within a 3-mile radius, demographic statistics show essentially flat population but growth in the number of households historically, with projections indicating further increases alongside smaller household sizes; this typically expands the renter pool and can support occupancy stability.
Neighborhood affordability dynamics are investor-relevant: elevated home values and a high value-to-income relationship suggest a high-cost ownership market, reinforcing reliance on rentals. Rent-to-income readings at the neighborhood level imply some affordability pressure, so asset management should balance rent growth with retention to sustain performance.
School ratings in the neighborhood trail regional norms, which may limit some family-driven demand segments. Even so, the broader housing score sits in the top quartile nationally, underscoring overall competitiveness for everyday livability and access to services.
Safety metrics should be viewed in context. At the neighborhood level, overall crime positioning sits below the metro median (ranked 322 of 469), and national comparisons are also below the midpoint. However, property crime trends have improved markedly over the past year, landing in the top quartile nationally for year-over-year improvement, based on CRE market data from WDSuite.
Investors should prioritize standard security and lighting upgrades, cultivate resident engagement, and monitor ongoing trend data. Comparative framing versus similar Oakland-Berkeley-Livermore neighborhoods remains the most practical lens for underwriting.
Nearby employers span industrial equipment, logistics, consumer goods, energy, and electronics manufacturing, supporting a diverse workforce tenant base and commute convenience for residents.
- Caterpillar — industrial equipment (2.4 miles)
- Ryder — logistics (3.0 miles)
- The Clorox Company — consumer goods (10.0 miles)
- Chevron — energy (10.4 miles) — HQ
- Sanmina Corporation — electronics manufacturing (10.6 miles)
This 27‑unit, 1989-vintage asset in Hayward benefits from a renter-heavy neighborhood, a high-cost ownership backdrop, and healthy neighborhood occupancy that supports leasing stability. The vintage offers competitive positioning versus older local stock, with a clear path for value-add through system updates and select unit and common-area enhancements. Neighborhood NOI-per-unit benchmarks are strong for the metro, and amenity access is competitive, both supportive of day-to-day livability that underpins retention.
Within a 3-mile radius, household counts have grown and are projected to increase further even as household sizes trend smaller, pointing to a larger tenant base over time. According to CRE market data from WDSuite, rents and incomes in the area have advanced meaningfully in recent years, while ownership costs remain elevated — a combination that typically sustains multifamily demand. Key underwriting considerations include below-median school ratings, limited park access, and safety metrics that sit below the metro median, warranting prudent asset and resident-experience management.
- Renter-heavy neighborhood and high ownership costs reinforce multifamily demand and lease retention
- 1989 vintage competes well versus older stock with clear value-add via modernization
- Competitive amenity access and strong neighborhood NOI benchmarks support day-to-day livability and income potential
- 3-mile household growth and smaller household sizes point to a larger renter pool and occupancy stability
- Risks: below-median school ratings, limited parks, and safety metrics below metro median require prudent management