| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 28th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 27467 Manon Ave, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1985 |
| Units | 36 |
| Transaction Date | 2016-03-28 |
| Transaction Price | $8,300,000 |
| Buyer | 27467 MANON LLC |
| Seller | YOUNG DAVID K |
27467 Manon Ave, Hayward CA Multifamily Investment
Renter demand is supported by a high-cost ownership market and solid neighborhood occupancy, according to WDSuite’s CRE market data. This positioning can help sustain leasing stability in Hayward while allowing disciplined rent management.
Located in Hayward’s Urban Core within the Oakland–Berkeley–Livermore metro, the neighborhood carries a B- rating and shows durable renter appeal. Neighborhood occupancy is above national averages, though not top-tier locally (ranked against 469 metro neighborhoods). A high share of housing units are renter-occupied, indicating depth in the tenant base that can support leasing and renewal activity over cycles.
Daily needs are well covered: grocery and pharmacy densities sit in the top decile nationally, and restaurants and cafes are also strong relative to peers. Park access is limited, which may constrain outdoor amenity appeal, but the broader retail and services mix helps underpin convenience-driven retention.
Ownership costs are elevated compared with incomes (high national percentiles for home values and value-to-income), which typically sustains reliance on multifamily rentals and supports pricing power. Rent-to-income levels in the neighborhood suggest manageable affordability pressure relative to regional peers, aiding lease management and reducing turnover risk.
The property’s 1985 vintage is newer than the neighborhood’s average construction year, offering competitive positioning versus older stock; investors should still plan for aging systems and selective modernization to meet current renter expectations. Within a 3-mile radius, demographics show modest recent population growth with households expanding and projected to continue increasing, which points to a larger tenant base over time. These 3-mile statistics indicate gradually moderating household sizes, a trend that can translate into steady demand for professionally managed apartments.
Safety signals are mixed relative to peers. Neighborhood crime ranks below the metro median (322 out of 469), and national standing is also below average. However, property-related offenses have decreased markedly over the past year (an improvement pace that ranks in a high national percentile), suggesting recent directional progress. Investors should underwrite prudent security measures and monitor trend continuity at the neighborhood—not block—level.
Nearby employment anchors span industrial equipment, logistics, consumer products, electronics manufacturing, and energy. Specifically, Caterpillar, Ryder, The Clorox Company, Sanmina Corporation, and Chevron provide a diversified commuter base that can support renter demand and retention.
- Caterpillar — industrial equipment offices (2.7 miles)
- Ryder — logistics (3.4 miles)
- The Clorox Company — consumer products (9.8 miles)
- Sanmina Corporation — electronics manufacturing (10.2 miles)
- Chevron — energy (10.4 miles) — HQ
This 36-unit asset built in 1985 benefits from a renter-heavy neighborhood, elevated ownership costs that reinforce multifamily demand, and amenity-rich retail coverage that supports daily convenience. Neighborhood occupancy remains above national norms, though it sits below the metro median, implying steady—but not peak—leasing stability. According to commercial real estate analysis from WDSuite, value-to-income and home value levels are high versus the nation, which can sustain rental reliance and support disciplined rent strategies. Vintage adds a relative edge versus older local stock, while still calling for targeted capital planning for systems and common-area updates.
Within a 3-mile radius, households have increased and are projected to continue rising even as household sizes gradually moderate—conditions that typically expand the renter pool and support retention. Amenity access is strong, but limited park availability and below-average school ratings are considerations for family-oriented demand; underwriting should reflect these dynamics alongside recent improvements in property-related offense trends.
- Renter-occupied housing concentration supports a deep tenant base and renewal potential
- High ownership costs bolster reliance on rentals, aiding pricing power and occupancy stability
- 1985 vintage offers competitive positioning versus older stock with targeted value-add potential
- Strong grocery, pharmacy, and dining access supports convenience-driven retention
- Risks: below-metro safety standing, limited parks, and weaker school ratings; underwrite security and family demand accordingly