| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 40th | Poor |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 575 Berry Ave, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1979 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
575 Berry Ave Hayward Multifamily With Durable Demand
Neighborhood occupancy is strong and renter demand is sustained by a high-cost ownership market, according to WDSuite s CRE market data. For investors, the focus is stable tenancy in an Urban Core location within the Oakland Berkeley Livermore metro.
This 34-unit property sits in Hayward s Urban Core, where neighborhood occupancy is elevated and renter concentration is pronounced. The area s occupancy ranks above the metro median among 469 Oakland Berkeley Livermore neighborhoods, supporting steady lease-up and retention dynamics. Renter-occupied housing is also in the top quartile nationally, signaling a deep tenant base for multifamily.
Daily needs are well served: grocery access is in the top national percentile, and restaurants index strongly compared with neighborhoods across the country. However, parks, cafes, and pharmacies are less prevalent within the immediate neighborhood, so residents may rely on nearby districts for those amenities. School options average lower ratings locally, which skews the submarket more toward workforce housing than family-driven premium school demand.
Construction year averages in this neighborhood skew older (1950s), while the asset s 1979 vintage is newer than the local average a relative competitive point versus older stock though investors should still anticipate modernization and systems planning typical for late-1970s buildings.
Home values are elevated and value-to-income metrics rank in the upper national percentiles, which tends to sustain reliance on rental housing and can support pricing power when managed carefully. At the same time, the neighborhood s rent-to-income positioning suggests monitoring affordability pressure and turnover risk in lease management.
Within a 3-mile radius, population has been broadly stable while households have increased and are projected to rise further, indicating a larger tenant base over time. Forecasts also point to higher household incomes and a modest reduction in average household size, which typically supports renter pool expansion and occupancy stability. These trends are based on CRE market data from WDSuite and reflect neighborhood-level dynamics rather than property performance.
Safety indicators for the neighborhood track below the metro average (ranked in the lower tier among 469 Oakland Berkeley Livermore neighborhoods), and national comparisons place the area below the median for safety. Recent trends show a notable decline in property offenses over the last year a positive directional signal while violent offense measures have moved higher, warranting continued monitoring.
For investors, this mix suggests prudent attention to security measures and resident communications. Comparisons are neighborhood-level, not property-specific, and should be weighed alongside the submarket s strong renter demand and occupancy profile.
Proximity to logistics, industrial equipment, and major corporate offices underpins workforce demand and commute convenience for renters, including Ryder, Caterpillar, Chevron, The Clorox Company, and Ross Stores.
- Ryder logistics (2.95 miles)
- Caterpillar industrial equipment offices (3.02 miles)
- Chevron energy (9.51 miles) HQ
- The Clorox Company consumer products (9.57 miles)
- Ross Stores retail headquarters (10.80 miles) HQ
575 Berry Ave offers exposure to a renter-heavy Urban Core in Hayward where neighborhood occupancy rates run above the metro median and ownership costs are high relative to incomes both supportive of depth in the tenant base and lease retention. According to CRE market data from WDSuite, the neighborhood s national standing for grocery and restaurant access is strong, while amenities like parks and cafes are less dense, shaping resident expectations and positioning.
The 1979 vintage is newer than the neighborhood s average housing stock, suggesting relative competitiveness versus older assets, with typical late-1970s capital planning considerations for systems and modernization. Within a 3-mile radius, household counts and incomes are projected to grow, implying a larger renter pool over time and support for occupancy stability and rent growth management.
- Above-metro neighborhood occupancy and strong renter concentration support stable tenancy
- High-cost ownership market reinforces multifamily demand and pricing power potential
- 1979 vintage is newer than local average, with value-add and modernization pathways
- 3-mile household and income growth outlook expands the tenant base
- Risks: neighborhood safety ranks below metro average and school ratings are lower; amenity gaps (parks/cafes) may affect some renter segments