| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 72nd | Good |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 29039 Dixon St, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1978 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
29039 Dixon St, Hayward CA Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data. Concentrated renter-occupied housing points to a durable tenant base for stable operations.
Situated in Hayward’s inner-suburban fabric of the Oakland–Berkeley–Livermore metro, the neighborhood is competitive among 469 metro neighborhoods and sits above the metro median on overall livability. Grocery access and park coverage track in the upper national tiers, while cafes and pharmacies are thinner within the immediate footprint—useful context for resident convenience and retail demand.
Multifamily dynamics are favorable: neighborhood occupancy is 95.3% (top-quartile nationally), and renter-occupied housing concentration is 58.2%, indicating a deep tenant base and potential for stable leasing. Median contract rents in the neighborhood sit in a high national percentile, but a rent-to-income ratio near 0.20 suggests room for disciplined rent management and retention strategies.
Ownership costs are elevated (home values rank among the top national percentiles), which typically sustains reliance on rental options and supports pricing power, especially for well-managed properties. Household incomes trend high relative to national norms, reinforcing the local capacity to support quality rental housing.
Within a 3-mile radius, demographics show a large, diversified population and continued evolution in household composition. Projections indicate households increasing even as population edges down—implying smaller average household sizes and an expanding renter pool that can support occupancy stability and leasing velocity over time, based on CRE market data from WDSuite.
Safety signals are mixed and should be underwritten carefully. Relative to neighborhoods nationwide, this area falls below average for safety (overall crime around the 34th national percentile) and ranks below the metro median (374 out of 469 metro neighborhoods). Violent offense measures sit in a lower national percentile as well.
A constructive note: property offense trends improved over the past year with a meaningful decline, placing the improvement metric in a higher national percentile. For investors, this underscores the value of active asset management, lighting, access control, and community engagement to support resident satisfaction and retention.
Proximity to diversified employers supports commuter convenience and renter demand, with nearby corporate offices spanning industrial equipment, logistics, consumer products, and energy. The following anchors reflect the immediate employment base: Caterpillar, Ryder, The Clorox Company, Sanmina Corporation, and Chevron.
- Caterpillar — industrial equipment offices (3.45 miles)
- Ryder — logistics & fleet services (4.24 miles)
- The Clorox Company — consumer products offices (9.17 miles)
- Sanmina Corporation — electronics manufacturing services (9.62 miles)
- Chevron — energy offices (10.14 miles) — HQ
This 34-unit asset offers scale in a submarket where neighborhood occupancy is strong and renter concentration is high, contributing to stable cash flow potential. The 1978 vintage is older than the neighborhood’s average stock, pointing to clear value-add and capital planning opportunities that can enhance competitiveness versus newer product. High home values and solid household incomes support sustained rental demand and leasing durability, according to CRE market data from WDSuite.
Within a 3-mile radius, households are projected to increase even as population softens slightly, indicating smaller household sizes and a larger pool of renters over time. With median rents in higher national tiers and rent-to-income levels that suggest manageable affordability pressure, the asset can emphasize retention and targeted upgrades to capture demand while managing price elasticity.
- Stable neighborhood occupancy and high renter concentration support leasing consistency
- Elevated ownership costs reinforce reliance on multifamily housing and pricing power
- 1978 vintage provides value-add and modernization upside versus newer competitive stock
- 3-mile household growth and shifting household sizes expand the prospective tenant base
- Risk: below-average safety percentiles warrant proactive security and resident-experience measures