| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 72nd | Good |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 29050 Dixon St, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1988 |
| Units | 22 |
| Transaction Date | 2022-04-20 |
| Transaction Price | $25,900,000 |
| Buyer | GUADALUPE CAMPOS AND ESTELA CAMPOS REVOCABLE |
| Seller | HFLLP MISSION BAY LLC |
29050 Dixon St Hayward Multifamily Investment
This 22-unit property built in 1988 sits in a neighborhood with 95.3% occupancy rates and strong rental demand fundamentals. Commercial real estate analysis from WDSuite indicates neighborhood median rents of $2,256 with 28.8% growth over five years.
The Dixon Street neighborhood ranks in the top quartile nationally for housing metrics among 469 Oakland-Berkeley-Livermore metro neighborhoods, with a B+ overall rating. Neighborhood-level occupancy sits at 95.3%, supported by a rental share of 58.2% of housing units. Median contract rents of $2,256 reflect 28.8% growth over the past five years, indicating sustained pricing power in this inner suburb location.
Demographics within a 3-mile radius show household income growth of 42.4% over five years, reaching a median of $112,963. The area maintains 40.2% renter-occupied units, with forecasted household growth of 34.5% through 2028 supporting continued rental demand. Home values averaging $919,508 with 57.1% appreciation over five years reinforce rental demand as elevated ownership costs keep households in the multifamily market.
The 1988 construction year aligns with neighborhood averages, suggesting potential value-add opportunities through unit upgrades and common area improvements. Amenity access includes moderate grocery and restaurant density, with childcare facilities ranking in the 77th percentile nationally. The rent-to-income ratio of 0.20 indicates manageable affordability pressure for tenant retention compared to higher-cost Bay Area submarkets.
Crime metrics show property offense rates declining 28.6% year-over-year, ranking in the 72nd percentile nationally for improvement trends among metro neighborhoods. The neighborhood ranks 374th of 469 metro neighborhoods for overall crime, placing it in the lower half but with positive directional momentum.
Violent crime rates remain elevated compared to regional averages, though investors should consider this within the broader East Bay context where many submarkets face similar challenges. Property-level security measures and tenant screening protocols become important considerations for maintaining occupancy and renewals in this environment.
The Hayward location provides access to major corporate employers within reasonable commuting distance, supporting workforce housing demand from industrial and technology sectors.
- Caterpillar — heavy equipment manufacturing (3.5 miles)
- Ryder — logistics and transportation services (4.3 miles)
- The Clorox Company — consumer products (9.1 miles)
- Chevron — energy sector — HQ (10.1 miles)
- Lam Research — semiconductor equipment — HQ (11.3 miles)
This 22-unit property offers exposure to a neighborhood with above-average occupancy stability and rental demand fundamentals in the Oakland-Berkeley-Livermore metro. According to CRE market data from WDSuite, the area demonstrates strong NOI potential with neighborhood averages of $14,691 per unit ranking in the 94th percentile nationally. The 1988 vintage presents value-add opportunities through strategic renovations while household income growth of 42.4% over five years supports tenant quality and retention.
Demographic projections show household growth of 34.5% through 2028 within the 3-mile radius, expanding the renter pool as elevated home values maintain rental market participation. The neighborhood's inner suburb classification provides balance between urban accessibility and residential stability, though investors should factor crime considerations into property management strategies.
- Neighborhood occupancy of 95.3% demonstrates rental demand stability
- NOI potential ranking in 94th percentile nationally at $14,691 per unit
- Value-add opportunity through 1988 vintage property improvements
- Household growth forecast of 34.5% through 2028 supports tenant demand
- Risk consideration: Crime metrics require enhanced property management protocols