| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 52nd | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 29200 Huntwood Ave, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1987 |
| Units | 104 |
| Transaction Date | 2022-01-29 |
| Transaction Price | $39,000,000 |
| Buyer | HUNTLEY OF HAYWARD LLC |
| Seller | HUNTWOOD TERRACE ASSOCIATES |
29200 Huntwood Ave Hayward 104-Unit Multifamily
Stabilized neighborhood occupancy and a sizable renter base support steady leasing fundamentals, according to WDSuite’s CRE market data. The 1987 vintage offers operational durability with potential to capture rent through selective modernization.
Located in Hayward’s inner-suburban fabric of the Oakland–Berkeley–Livermore metro, the neighborhood posts occupancy rates that are strong nationally (top quintile) even if performance sits roughly around the metro middle among 469 neighborhoods, based on WDSuite’s CRE market data. That backdrop favors income stability for well-managed assets.
Amenity access skews practical rather than lifestyle-heavy. Parks and open space score well compared with U.S. neighborhoods, and grocery coverage is competitive, while cafés and pharmacies are thinner. For investors, this mix generally aligns with workforce-oriented renter demand and supports retention through everyday convenience rather than destination retail.
The building stock skews slightly newer than the area norm; this property’s 1987 construction is a bit later than the neighborhood’s average vintage. That positioning can be competitive versus older supply, while still leaving room for targeted upgrades to common areas, building systems, and in-unit finishes to drive rent premiums or reduce turnover costs.
Within a 3-mile radius, households have increased over the last five years even as average household size edged down. Looking ahead, forecasts point to further growth in household counts alongside smaller household sizes, which can expand the tenant base and support occupancy stability. Renter-occupied housing accounts for roughly two-fifths of units locally, indicating a meaningful pool of prospective tenants for mid-scale multifamily assets.
Home values sit higher than many U.S. neighborhoods, which, combined with rising local incomes and steady rent growth, tends to sustain reliance on rental housing. For operators, the implication is consistent demand with some affordability pressure, making renewal strategies and thoughtful rent-setting important for retention.
Safety indicators present a mixed but improving picture. The neighborhood sits below the metro median among 469 Oakland–Berkeley–Livermore neighborhoods and near the national midpoint, yet recent declines in property offenses have outpaced many U.S. areas, according to WDSuite’s CRE market data. For investors, trends point to incremental improvement while warranting continued attention to lighting, access control, and partnership with professional security vendors as appropriate.
Nearby employment features manufacturing, logistics, and corporate operations that underpin renter demand and commute convenience for workforce households, including Caterpillar, Ryder, Sanmina Corporation, The Clorox Company, and Synnex.
- Caterpillar — manufacturing & equipment (3.2 miles)
- Ryder — logistics & fleet services (4.2 miles)
- Sanmina Corporation — electronics manufacturing (9.4 miles)
- The Clorox Company — consumer products offices (9.6 miles)
- Synnex — technology distribution (10.0 miles) — HQ
29200 Huntwood Ave combines scale (104 units) with a neighborhood that has posted strong national occupancy and a durable renter base. The 1987 construction is slightly newer than the local average, which can position the asset competitively versus older stock while leaving room for targeted value-add to boost rent and reduce turnover. According to CRE market data from WDSuite, household growth within a 3-mile radius and steady rent performance support ongoing demand, though operators should plan for affordability-aware lease management.
Ownership costs in the area are elevated relative to many U.S. neighborhoods, reinforcing reliance on multifamily housing and supporting pricing power when paired with prudent renewal strategies. Forward-looking demographics indicate more households and smaller household sizes, which generally translates to a larger renter pool and supports occupancy stability over the medium term.
- Strong national occupancy with competitive metro positioning supports stable collections
- 1987 vintage offers value-add paths in interiors, common areas, and systems
- Household growth and smaller household sizes within 3 miles expand the tenant base
- Elevated ownership costs sustain renter reliance and support pricing power
- Risks: affordability pressure (rent-to-income), mixed-but-improving safety metrics, and the need for disciplined renewal strategy