| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 28th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 27340 Manon Ave, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1977 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
27340 Manon Ave Hayward, CA Multifamily Investment
Neighborhood fundamentals show steady renter demand with occupancy near 95% and a high renter-occupied share, according to WDSuite’s CRE market data. These are neighborhood-level metrics, not property-specific, and point to durable leasing conditions in an Urban Core location.
The property sits in Hayward’s Urban Core within the Oakland–Berkeley–Livermore metro, where day-to-day conveniences are strong. Grocery access ranks in the top quartile among 469 metro neighborhoods, and cafes, pharmacies, and restaurants are also competitive to above the metro median. This amenity density supports renter retention and reduces friction for daily commuting and errands.
Parks are limited locally (ranked near the bottom of 469 neighborhoods), so outdoor recreation relies more on regional assets than immediate neighborhood green space. School ratings index low relative to national comparisons, which may influence tenant mix and leasing narratives for households prioritizing public schools; investors can address this with amenity positioning and targeted marketing.
At the neighborhood level, occupancy trends score above national medians and median contract rents benchmark high nationally, reflecting the Bay Area’s elevated cost structure. A high share of housing units are renter-occupied, indicating depth in the tenant pool and supporting ongoing demand for multifamily product. At the same time, the rent-to-income context suggests affordability pressure that calls for disciplined lease management and renewal strategies.
Within a 3-mile radius, demographics show modest population growth historically and an increase in households alongside smaller average household sizes over time. Forward-looking projections continue to indicate an expanding household base and income gains, which can support absorption and pricing power for well-positioned units, based on CRE market data from WDSuite.
Safety indicators are mixed compared with the region and nation. Relative to the 469 neighborhoods in the Oakland–Berkeley–Livermore metro, the area ranks below the metro median for overall safety, while national comparisons place it below mid-pack. This suggests investors should underwrite conservative security and operating assumptions.
Recent trends are noteworthy: estimated property offense rates have declined sharply year over year, a positive directional signal, while violent offense rates have been more stable with only modest change. Framing safety at the neighborhood—not block—level helps set appropriate expectations for tenant retention and operating practices.
Proximity to diversified employers supports workforce housing demand and commute convenience for residents, including Caterpillar, Ryder, The Clorox Company, Chevron, and Sanmina. These nearby employment nodes can help stabilize leasing and retention for a 30-unit community.
- Caterpillar — corporate offices (2.7 miles)
- Ryder — corporate offices (3.4 miles)
- The Clorox Company — corporate offices (9.7 miles)
- Chevron — corporate offices (10.3 miles) — HQ
- Sanmina Corporation — corporate offices (10.3 miles)
27340 Manon Ave is a 30-unit asset positioned in a Bay Area Urban Core neighborhood where renter-occupied housing is prevalent and neighborhood occupancy trends remain above national medians. Elevated area home values and strong amenity access underpin durable rental demand, while affordability pressure suggests careful rent-setting and renewal strategy to support occupancy stability.
Built in 1977, the property’s vintage points to potential value-add through unit modernization and systems upgrades, which can enhance competitiveness versus older stock nearby. According to CRE market data from WDSuite, neighborhood rents benchmark high nationally and household incomes within a 3-mile radius are rising, supporting a case for targeted improvements and disciplined asset management, while recognizing safety and school-rating considerations in underwriting.
- Urban Core location with high renter concentration supporting a deeper tenant base
- Neighborhood occupancy above national medians supports leasing stability
- 1977 vintage offers value-add and capital planning opportunities to lift NOI
- Elevated ownership costs in the area reinforce reliance on multifamily rentals
- Risks: below-median safety indices, limited parks, and affordability pressure require conservative underwriting