| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 72nd | Good |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 29536 Dixon St, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1993 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
29536 Dixon St, Hayward CA — Renter-Driven Multifamily Play
Neighborhood occupancy is solid and renter demand is deep relative to the metro, according to WDSuite’s CRE market data, while a high-cost ownership market supports sustained reliance on rentals.
This Inner Suburb pocket of Hayward carries a B+ neighborhood rating and ranks 140 out of 469 in the Oakland–Berkeley–Livermore metro—competitive among metro neighborhoods. Neighborhood-level occupancy trends sit in the upper tier nationally, supporting income durability for stabilized assets, and the area’s renter-occupied share is elevated versus U.S. norms, pointing to a broad tenant base for multifamily.
Within a 3-mile radius, households have increased even as population has edged down, indicating smaller household sizes and a steady inflow of renting households that can support leasing velocity and renewal depth. Median contract rents track high for the region while the rent-to-income profile (neighborhood-level) suggests manageable affordability pressure, a constructive setup for retention and disciplined rent growth management.
Ownership costs are among the highest nationally for the neighborhood cohort, which tends to reinforce renter reliance on multifamily housing and can bolster pricing power for well-located properties. Grocery and park access compare favorably to national averages, though café and pharmacy density is thinner; investors should underwrite convenience accordingly and lean on proximity to major employment nodes for demand.
Vintage matters: built in 1993, the property is slightly newer than the neighborhood average (late-1980s), offering a competitive edge versus older stock while still warranting planning for system upgrades or targeted repositioning to capture premium rents. Neighborhood NOI per unit levels rank in the top quartile nationally, per commercial real estate analysis from WDSuite, underscoring revenue potential for efficiently operated assets in this area.
Safety indicators for the neighborhood trend below national averages, and the area ranks in the lower half of Oakland–Berkeley–Livermore neighborhoods (crime rank 374 out of 469), signaling a consideration for underwriting and operations. That said, property-related offenses have moved in a favorable direction year over year at the neighborhood level, suggesting recent improvement momentum.
Investors should focus on pragmatic measures—on-site lighting, access control, and resident engagement—and benchmark performance against comparable Inner Suburb assets in the metro. Use trend data and comps to calibrate security-related operating expenses rather than relying on block-level assumptions.
Nearby employers span industrial equipment, logistics, consumer products, electronics manufacturing, and IT distribution—providing a diverse commute base that supports renter demand and renewal stability for workforce-oriented units. The list below reflects key nodes within an approximately 4–10 mile radius.
- Caterpillar — industrial equipment (3.7 miles)
- Ryder — logistics (4.6 miles)
- The Clorox Company — consumer products (9.0 miles)
- Sanmina Corporation — electronics manufacturing (9.3 miles)
- Synnex — IT distribution (10.0 miles) — HQ
29536 Dixon St offers scale at 27 units in a renter-oriented Hayward location where neighborhood occupancy trends are above national norms and ownership costs are elevated, supporting durable multifamily demand. Built in 1993, the asset is slightly newer than the local average, positioning it well against older competitive stock while leaving room for targeted upgrades to enhance rents and retention.
According to CRE market data from WDSuite, the neighborhood’s renter concentration is high and NOI per unit benchmarks sit in the top quartile nationally, reinforcing the case for income stability when operations are executed well. Within a 3-mile radius, households are growing despite flat-to-declining population, pointing to smaller household sizes and a sustained renter pool—supportive of occupancy and leasing fundamentals. Key risks to underwrite include below-average safety metrics and modest amenity depth, which can be mitigated through property-level improvements and service-forward management.
- Renter-heavy neighborhood and solid occupancy support leasing stability
- 1993 vintage offers competitive positioning with value-add upgrade potential
- High ownership costs locally reinforce reliance on multifamily housing
- Diverse nearby employers underpin a durable commuter tenant base
- Risk: safety metrics trail metro leaders—budget for security and resident experience