| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 72nd | Good |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 29360 Dixon St, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1975 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
29360 Dixon St Hayward 20‑Unit Multifamily Investment
Neighborhood occupancy trends are above national norms and ownership costs are elevated, suggesting durable renter demand according to WDSuite’s CRE market data.
Situated in Hayward’s inner-suburban setting within the Oakland–Berkeley–Livermore metro, the neighborhood carries a B+ rating and shows occupancy levels that are above national averages, per WDSuite. While the neighborhood’s occupancy rate is measured for the neighborhood and not the property, stability at the area level typically supports leasing consistency for well-managed assets.
Local amenity access is balanced for daily needs, with groceries and parks represented near the metro median among 469 neighborhoods, while cafes and pharmacies are thinner. The area’s median home values rank in the upper tier nationally, which, alongside a rent-to-income profile near national norms, tends to reinforce reliance on multifamily rentals and can support pricing power when operations and product are competitive.
Vintage positioning matters here: the neighborhood’s average construction year trends newer than this 1975 asset. Older stock often benefits from targeted capital programs or value‑add renovations to remain competitive against 1980s–1990s product, especially in unit finishes, common areas, and building systems.
Demographic statistics aggregated within a 3‑mile radius indicate flat population recently but growth in household counts, with WDSuite pointing to smaller average household sizes over time. Looking ahead, projections show continued increase in households through 2028, implying a broader tenant base and potential support for occupancy stability; using multifamily property research to align unit mix and finish levels with these shifts can aid retention. The renter‑occupied share in the 3‑mile area is under half, indicating a mixed tenure landscape that still offers a substantial pool of renters for professionally operated communities.
Safety conditions are mixed relative to the metro and nation. Based on WDSuite, the neighborhood ranks 374 out of 469 Oakland–Berkeley–Livermore neighborhoods for overall crime, indicating higher incident levels than many peer areas in the metro. Nationally, the neighborhood sits below average on safety measures, yet recent data show a notable year‑over‑year decline in property offenses, an improvement that outperformed many neighborhoods nationwide. Investors should underwrite with conservative assumptions on security and insurance while noting the improving property‑offense trend.
A diverse employment base within a short drive underpins renter demand and commute convenience, notably in manufacturing, logistics, and corporate services reflected below.
- Caterpillar — industrial equipment offices (3.6 miles)
- Ryder — logistics & transportation (4.5 miles)
- The Clorox Company — consumer products offices (9.0 miles)
- Sanmina Corporation — electronics manufacturing (9.4 miles)
- Synnex — technology distribution (10.1 miles) — HQ
This 20‑unit, 1975‑vintage asset sits in a neighborhood with above‑average occupancy and high ownership costs, conditions that typically support consistent multifamily demand. According to CRE market data from WDSuite, area home values are elevated relative to incomes, which can sustain reliance on rentals, while household growth within a 3‑mile radius expands the tenant base even as average household sizes trend smaller.
Relative to the metro’s newer stock, a 1970s building can benefit from focused capital planning—unit modernization, curb appeal, and systems upgrades—to defend occupancy and capture rent trade‑outs. Nearby employers across logistics, manufacturing, and corporate services provide a diverse commuter base, supporting retention and leasing momentum through cycles.
- Above‑average neighborhood occupancy supports leasing stability (neighborhood metric, not property‑specific).
- Elevated ownership costs bolster renter reliance and potential pricing power for competitive product.
- Household growth within 3 miles points to a larger tenant base and supports long‑term demand.
- 1975 vintage offers clear value‑add pathways via renovations and building‑systems upgrades.
- Risks: neighborhood safety ranks below metro average and older systems may require near‑term CapEx; underwrite security and reserves accordingly.