| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 28th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 27463 Creek Rd, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1981 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
27463 Creek Rd Hayward Multifamily Investment
This 45-unit property from 1981 sits in an urban core neighborhood with strong rental demand fundamentals, according to CRE market data from WDSuite showing 68.3% of local housing units are renter-occupied.
The property sits in an urban core neighborhood within the Oakland-Berkeley-Livermore metro that demonstrates strong rental fundamentals. With 68.3% of housing units renter-occupied, this area ranks in the top 3% nationally among neighborhoods for rental concentration, supporting consistent tenant demand. The neighborhood maintains a 95% occupancy rate, though this reflects broader area performance rather than property-specific metrics.
Demographics within a 3-mile radius show a stable tenant base of approximately 148,000 residents, with 26% in the prime renting age group of 18-34 years. Household income growth of 40.6% over the past five years has strengthened the local renter pool, while median contract rents of $2,247 indicate pricing power in the submarket. Projections suggest continued household formation with a 37.4% increase in total households expected through 2028, expanding the potential tenant base.
The 1981 construction year aligns with the neighborhood's average vintage of 1976, suggesting potential for value-add improvements or renovation upside to capture higher rents. High home values with a median of $788,192 and elevated ownership costs sustain rental demand by limiting accessibility to homeownership for many households. The area's amenity density includes strong grocery access with 6.73 stores per square mile, ranking in the 98th percentile nationally, supporting tenant retention through convenience.
The neighborhood's safety profile shows mixed signals that require careful evaluation. Property crime rates have improved significantly with a 47% decline over the past year, ranking in the 86th percentile nationally for crime reduction trends. However, current property crime rates remain elevated at approximately 1,172 incidents per 100,000 residents, placing the area in the lower portion among the metro's 469 neighborhoods.
Violent crime rates of 375 incidents per 100,000 residents rank in the 12th percentile nationally, indicating challenges relative to other neighborhoods nationwide. Investors should factor these safety considerations into tenant screening, property management protocols, and security investments as part of their underwriting and operational planning.
The property benefits from proximity to major corporate employers that support workforce housing demand, with several Fortune 500 companies and headquarters within commuting distance.
- Caterpillar — heavy equipment manufacturing (2.4 miles)
- Ryder — logistics and transportation (3.2 miles)
- The Clorox Company — consumer products (10.1 miles)
- Sanmina Corporation — electronics manufacturing (10.2 miles)
- Chevron — energy services (10.7 miles) — HQ
This 45-unit property from 1981 presents a value-add opportunity in a neighborhood with strong rental demand fundamentals. The area's 68.3% renter-occupied housing concentration ranks in the top 3% nationally, while elevated home values sustaining rental demand through limited homeownership accessibility. Demographic trends within the 3-mile radius show household growth of 37.4% projected through 2028, expanding the potential tenant base for multifamily properties.
The property's vintage offers renovation upside potential to capture higher rents in a submarket where median contract rents have grown 40.3% over five years. However, investors should carefully evaluate safety considerations and factor appropriate security measures into capital planning, as crime metrics require attention despite recent improvement trends.
- Strong rental demand with 68.3% of area housing units renter-occupied
- Projected 37.4% household growth through 2028 expanding tenant base
- Value-add potential with 1981 vintage allowing for strategic improvements
- High home values sustaining rental demand through ownership barriers
- Risk consideration: Safety profile requires enhanced security planning and management protocols