| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 72nd | Good |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 29289 Dixon St, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1978 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
29289 Dixon St Hayward Multifamily Investment
Positioned in an Inner Suburb of the Oakland–Berkeley–Livermore metro, the neighborhood shows solid renter demand and occupancy around the mid-90s, according to CRE market data from WDSuite. Neighborhood metrics, not property-level figures, point to stability supported by a majority renter-occupied housing base and high-cost ownership that sustains leasing.
The property sits in a B+ rated neighborhood that is competitive among Oakland–Berkeley–Livermore neighborhoods (ranked 140 out of 469), per WDSuite. Neighborhood occupancy trends are above national averages, and renter-occupied units represent a top-quartile share within the metro (ranked 71 out of 469), indicating a deep tenant base for multifamily.
Everyday convenience is around the metro median for overall amenities (ranked 237 of 469), with strong access to parks and childcare options that track near the top quintile nationally. Grocery options are above national norms, while coffee shop and pharmacy densities are comparatively limited. These dynamics suggest broad livability with some reliance on nearby nodes for specific services.
Within a 3-mile radius, household counts have inched higher and are projected to expand further even as population is expected to soften slightly, implying smaller household sizes and a broader leasing pool. Income growth has been strong and is projected to continue, supporting rent levels and helping retention management. Elevated home values in the area reinforce reliance on rentals, which can support occupancy stability and pricing power for well-run assets.
The asset’s 1978 vintage is older than the neighborhood’s average construction year, pointing to capital planning and potential value-add opportunities. Well-targeted renovations can enhance competitive positioning against the newer local stock while addressing systems and finishes typical of this era.
Neighborhood safety indicators are below national benchmarks overall (national crime percentile in the lower third) and trend weaker than many parts of the metro (crime rank 374 out of 469 neighborhoods). That said, recent data show property offenses improving year over year, which is a constructive directional signal. Investors should underwrite security measures and tenant screening as standard risk management while monitoring trendlines rather than block-level readings.
Nearby employment spans logistics, consumer products, and corporate headquarters that support commuter convenience and leasing depth for workforce and professional renters. Notable employers include Caterpillar, Ryder, The Clorox Company, SYNNEX, and Ross Stores.
- Caterpillar — heavy equipment services (3.6 miles)
- Ryder — logistics (4.4 miles)
- The Clorox Company — consumer products (9.1 miles)
- Synnex — technology distribution (10.1 miles) — HQ
- Ross Stores — off-price retail corporate (10.5 miles) — HQ
29289 Dixon St offers investors exposure to a renter-driven Inner Suburb with occupancy that trends above national averages and a renter concentration in the top quartile of the metro. Elevated home values in Alameda County reinforce reliance on multifamily, while income growth in the 3-mile trade area supports rent levels and lease retention. Based on CRE market data from WDSuite, neighborhood NOI per unit benchmarks are strong versus national peers, suggesting durable fundamentals for well-operated assets.
Built in 1978, the asset may benefit from a targeted value-add program and system upgrades to compete with newer stock. Demographic projections point to more households even as total population edges lower, indicating smaller households and a broader tenant base. Investors should balance this demand backdrop with prudent underwriting around safety trendlines and ongoing affordability management.
- Renter-heavy neighborhood supports a deep tenant base and occupancy stability
- High-cost ownership market bolsters sustained demand for rentals and pricing power
- Strong neighborhood NOI per unit and income growth underpin performance potential
- 1978 vintage offers value-add and modernization opportunities to lift competitiveness
- Risks: safety metrics trail national averages; manage CapEx and affordability to protect retention