| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 28th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 27412 Tampa Ave, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1989 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
27412 Tampa Ave Hayward CA Multifamily Investment
This 30-unit property built in 1989 benefits from strong neighborhood-level rental demand with 68% of housing units renter-occupied, according to CRE market data from WDSuite.
This Hayward neighborhood ranks in the top quartile nationally for housing fundamentals, reflecting strong rental market dynamics that support multifamily investments. With 68% of housing units renter-occupied compared to the regional average, the area demonstrates sustained rental demand. Neighborhood-level occupancy rates maintain 95% stability, while median contract rents of $2,126 have grown 43% over five years, indicating pricing power within the local market.
Demographics within a 3-mile radius show a population of approximately 148,500 with household incomes averaging $135,000 and median incomes at $107,750. The area attracts working families, with 41% of residents aged 35-64 and an average household size of 3.3 people. Forecasts indicate continued household growth of 37% over the next five years, expanding the potential renter pool and supporting occupancy stability.
The 1989 construction year aligns closely with the neighborhood average of 1976, positioning this property within established building stock that may present value-add renovation opportunities. High home values averaging $788,000 with a median value-to-income ratio of 7.8 sustain rental demand by limiting homeownership accessibility for many households. This dynamic reinforces tenant retention and supports lease renewal rates in the multifamily sector.
Local amenities support tenant appeal with 6.7 grocery stores per square mile ranking in the 98th percentile nationally, plus restaurants and childcare facilities that rank above metro averages. The neighborhood receives a B- overall rating among 469 metro neighborhoods, reflecting competitive fundamentals for long-term rental housing demand.
Safety metrics show mixed trends that warrant consideration in investment analysis. Property crime rates of 1,172 incidents per 100,000 residents rank in the 20th percentile nationally, indicating higher crime levels compared to most neighborhoods nationwide. However, property crime has declined 47% over the past year, ranking in the 86th percentile for improvement trends.
Violent crime rates at 375 incidents per 100,000 residents place the neighborhood in the 12th percentile nationally. The overall crime ranking of 322nd among 469 metro neighborhoods positions this area below the regional median for safety metrics. Investors should factor these conditions into tenant screening, property management protocols, and security considerations when evaluating this opportunity.
The property benefits from proximity to major corporate employers that provide workforce housing demand, with industrial and technology companies within commuting distance.
- Caterpillar — manufacturing and industrial (2.4 miles)
- Ryder — logistics and transportation (3.2 miles)
- The Clorox Company — consumer products (10.1 miles)
- Sanmina Corporation — electronics manufacturing (10.3 miles)
- Chevron — energy and petroleum — HQ (10.7 miles)
This 30-unit property built in 1989 presents a multifamily investment opportunity supported by strong rental market fundamentals and demographic growth projections. The neighborhood demonstrates exceptional rental demand with 68% of housing units renter-occupied, well above typical suburban markets. Commercial real estate analysis indicates neighborhood-level occupancy rates of 95% and five-year rent growth of 43%, reflecting pricing power and market stability that benefit long-term investors.
High home values averaging $788,000 with elevated value-to-income ratios sustain rental demand by limiting ownership accessibility for area households earning median incomes of $107,750. Demographic forecasts within a 3-mile radius project 37% household growth over five years, expanding the potential tenant base and supporting absorption for well-positioned rental properties. The 1989 vintage aligns with neighborhood norms while potentially offering value-add renovation opportunities to capture upside in this appreciating market.
- Strong rental demand with 68% of neighborhood housing units renter-occupied
- Neighborhood occupancy rates maintain 95% stability with 43% rent growth over five years
- Projected 37% household growth within 3-mile radius supports tenant base expansion
- High home values sustain rental demand by limiting ownership accessibility
- Safety metrics rank below metro median, requiring enhanced security and management protocols