| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 28th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 27512 Tampa Ave, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1986 |
| Units | 91 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
27512 Tampa Ave Hayward Multifamily Investment
Neighborhood renter demand is supported by a high renter-occupied share and elevated ownership costs, according to WDSuite’s CRE market data, pointing to steady leasing fundamentals for well-managed assets.
Situated in Hayward’s Urban Core within the Oakland–Berkeley–Livermore metro, the property benefits from a mid-pack neighborhood rating (B-) and broad amenity coverage. Grocery, pharmacy, cafe, and restaurant density rank well compared with peers, with grocery access performing in the top decile nationally—helpful for day-to-day convenience that supports tenant retention.
For investors, the neighborhood’s occupancy sits above national medians (71st percentile nationally), and the renter-occupied share is high at the neighborhood level (68.3% of units renter-occupied), indicating a deep tenant base and durable demand for multifamily units. NOI per unit performance is also strong for the area, landing in the top quartile nationally, based on CRE market data from WDSuite.
Home values in the surrounding area are elevated relative to national norms and the value-to-income ratio ranks in the top decile nationally. In practice, a high-cost ownership market tends to reinforce reliance on rental housing and can support pricing power for professionally managed product, though lease management should remain attentive to affordability pressure.
Within a 3-mile radius, demographics show modest population growth in recent years and an increase in households, which expands the potential renter pool. Looking ahead, forecasts point to further household gains alongside rising incomes, which can underpin demand and support occupancy stability for competitive properties.
Considerations: park access ranks low within the metro, and average public school ratings trail national benchmarks—factors that may skew demand toward workforce and convenience-oriented renters rather than families prioritizing school quality. Even so, the neighborhood’s amenity density and renter concentration remain constructive for multifamily investment.
Safety indicators for the neighborhood trend below metro and national averages, with crime measures placing in the lower national percentiles. Investors should underwrite with prudent security and operational controls in mind.
That said, recent momentum is mixed: estimated property offense levels show a marked year-over-year decline, ranking favorably for improvement among Oakland–Berkeley–Livermore neighborhoods (469 total), while violent offense measures remain comparatively weaker. A balanced view suggests monitoring trends and employing practical mitigation (lighting, access control, resident engagement) as part of the business plan.
Nearby corporate offices provide a diversified employment base that supports commuter convenience and renter retention. Key employers within a roughly 12-mile radius include Caterpillar, Ryder, Sanmina Corporation, The Clorox Company, and Chevron.
- Caterpillar — corporate offices (2.4 miles)
- Ryder — corporate offices (3.3 miles)
- Sanmina Corporation — corporate offices (10.1 miles)
- The Clorox Company — corporate offices (10.1 miles)
- Chevron — corporate offices (10.7 miles) — HQ
27512 Tampa Ave totals 91 units and was built in 1986, positioning it newer than the neighborhood’s average vintage. That can provide a relative edge versus older stock while still leaving room for targeted modernization and value-add to enhance rentability and manage near-term capital exposure compared with pre-1980 assets. According to CRE market data from WDSuite, the neighborhood shows above-median national occupancy and strong NOI-per-unit performance, with a high renter-occupied share supporting demand depth.
Within a 3-mile radius, households have grown and are projected to increase further alongside rising incomes—factors that expand the tenant base and support leasing stability. Elevated ownership costs locally also tend to sustain renter reliance on multifamily housing, though operators should calibrate pricing and amenities to manage affordability pressure and competitive positioning.
- 1986 vintage offers relative competitiveness vs. older neighborhood stock with value-add upgrade potential
- Above-median national occupancy and deep renter base support leasing stability
- Household and income growth within 3 miles expand the tenant pool
- Risks: below-average school ratings, safety metrics below metro norms, and limited park access require prudent underwriting and active management