| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 72nd | Good |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 29371 Dixon St, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1989 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
29371 Dixon St, Hayward CA Multifamily Investment
Renter demand is supported by a high-cost ownership landscape and neighborhood occupancy rates that trend solidly, according to WDSuite’s CRE market data. Expect stable leasing fundamentals in an inner-suburban location with commuter access and income profiles that can support market rents.
Situated in Hayward’s inner suburbs of the Oakland–Berkeley–Livermore metro, the neighborhood scores a B+ and ranks 140 out of 469 metro neighborhoods, making it competitive among Oakland–Berkeley–Livermore submarkets for multifamily screening. Daily-needs access is reasonable with grocery options around the 65th percentile nationally, while parks are stronger at the 80th percentile. Cafe and pharmacy density are thinner nearby, which can modestly affect walk-to-amenity appeal but does not negate broader location fundamentals for renters.
From an income and housing context, the area shows elevated ownership costs (home values near the top decile nationally) and a value-to-income ratio that is high versus U.S. norms. For investors, this tends to reinforce reliance on multifamily housing and can support pricing power and retention, provided lease management monitors affordability pressure. Neighborhood median contract rents sit in the upper national tier, and the rent-to-income ratio around the area suggests room for disciplined rent management rather than aggressive escalation.
Occupancy at the neighborhood level is healthy and above the national median, aligning with a renter concentration of roughly the upper single‑digit deciles nationally for the share of housing units that are renter‑occupied. That depth of renter base supports leasing stability for workforce and professional tenants. Demographic statistics aggregated within a 3‑mile radius indicate households have grown in recent years even as population has been roughly flat, implying smaller household sizes and a broader tenant pool. Forward-looking projections point to continued growth in household counts, which would expand the local renter base and support occupancy durability.
Vintage across the neighborhood skews similar to late‑1980s construction on average, giving assets competitive footing versus much older Bay Area stock. Investors should still underwrite routine modernization over hold periods to maintain positioning against newer deliveries elsewhere in the metro.
Relative to U.S. neighborhoods, safety indicators for this area are below national averages, and the neighborhood ranks in the lower half within the Oakland–Berkeley–Livermore metro (374 out of 469). That said, recent data show a meaningful year‑over‑year decline in property offenses, a constructive directional trend to monitor alongside leasing metrics and resident retention.
In practice, investors often focus on well‑managed operations, access control, and resident engagement to mitigate localized risk. Comparing comps across nearby inner‑suburban neighborhoods can help calibrate expectations on achievable rents and marketing required to sustain occupancy.
The surrounding employment base mixes industrial and corporate offices, supporting renter demand through commute convenience to nearby operators such as Caterpillar, Ryder, The Clorox Company, Sanmina, and several Bay Area headquarters within 10–11 miles.
- Caterpillar — corporate offices (3.6 miles)
- Ryder — corporate offices (4.5 miles)
- The Clorox Company — corporate offices (9.1 miles)
- Sanmina Corporation — corporate offices (9.4 miles)
- Synnex — corporate offices (10.1 miles) — HQ
This 45‑unit multifamily asset benefits from a renter‑oriented neighborhood where occupancy trends are solid and homeownership costs are elevated versus national norms. Based on CRE market data from WDSuite, neighborhood occupancy sits above the U.S. median and the share of housing units that are renter‑occupied ranks high nationally, indicating a deep tenant base and support for leasing stability. Strong area incomes and high median home values reinforce sustained reliance on rentals, while household growth within a 3‑mile radius expands the local renter pool.
Amenity access favors daily needs (grocery and parks) more than lifestyle retail, which aligns with workforce and professional demand profiles typical of inner‑suburban Bay Area locations. Underwriting should account for disciplined rent management to balance affordability pressure, plus routine capital to remain competitive against newer supply elsewhere in the metro. Crime metrics are below national averages but show recent improvement in property offenses, suggesting continued focus on asset-level safety measures.
- Solid neighborhood occupancy and high renter concentration support leasing stability
- Elevated home values and incomes reinforce reliance on multifamily housing and pricing power
- Household growth within 3 miles expands the tenant base and supports retention
- Daily‑needs amenities (grocery, parks) fit inner‑suburban renter profiles; lifestyle retail is thinner nearby
- Risks: below‑average safety metrics and affordability pressure require proactive management and capex planning