| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 45th | Poor |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 781 Fletcher Ln, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1980 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
781 Fletcher Ln Hayward Multifamily Investment
Renter demand is supported by a high renter-occupied share in the surrounding neighborhood and elevated ownership costs across Alameda County, according to WDSuite’s CRE market data. Expect steady tenant depth from nearby employment nodes while focusing on value-add execution to strengthen performance.
Situated in Hayward’s inner suburb fabric of the Oakland–Berkeley–Livermore metro, the property benefits from everyday convenience and commuter connectivity. Neighborhood amenities skew toward food-and-beverage and services: cafes and restaurants rank in the top quartile nationally by density, while parks and pharmacies also test near the top quartile. However, within the neighborhood boundaries, grocery and childcare counts are thinner, so residents may rely on adjacent areas for those needs.
For investors screening demand stability, the neighborhood’s renter-occupied share is high (ranked strong relative to 469 metro neighborhoods), signaling a deep multifamily tenant base and consistent leasing velocity. Neighborhood occupancy is around the national midpoint but trails many Oakland–Berkeley–Livermore submarkets, suggesting focused asset management can capture outperformance through renewals and targeted marketing.
Three-mile demographics indicate a large, diversified population with households edging higher over time and further increases projected, supporting a larger tenant base for multifamily. Household incomes have risen meaningfully and are projected to continue growing, which can underpin pricing power when paired with effective retention strategies. Elevated home values in the neighborhood (top national percentile range) point to a high-cost ownership market that tends to sustain renter reliance on multifamily housing.
Vintage context: most nearby stock averages around 1990, while this asset’s 1980 construction suggests potential value-add through unit modernization and system upgrades to compete against newer product and capture rent premiums where justified by finishes and amenities.
Safety indicators are mixed when benchmarked nationally. Overall crime metrics sit below national safety percentiles, placing the neighborhood behind many peer areas in perceived safety; within the metro (469 neighborhoods), the area ranks in the lower tier. That said, recent trends show property offenses declining year over year, while violent incidents ticked up over the same period. Investors typically account for this with on-site measures, lighting and access controls, and by emphasizing resident engagement and visibility.
Contextualizing safety alongside amenity access and commuter convenience provides a fuller picture for leasing and retention. Monitoring trend direction and partnering with professional security vendors can help sustain occupancy and protect NOI.
Proximity to diversified employers supports workforce housing demand and commute convenience, aiding leasing stability. Nearby corporate offices include Ryder, Caterpillar, Chevron, The Clorox Company, and Ross Stores.
- Ryder — logistics and fleet services (2.8 miles)
- Caterpillar — industrial equipment offices (3.3 miles)
- Chevron — energy (9.2 miles) — HQ
- The Clorox Company — consumer products (9.7 miles)
- Ross Stores — retail corporate (10.9 miles) — HQ
781 Fletcher Ln is a 52-unit, 1980-vintage asset in Hayward positioned for operational upside. Based on CRE market data from WDSuite, the surrounding neighborhood shows a high renter-occupied share—supporting tenant depth—while ownership costs remain elevated, which typically sustains multifamily demand. Neighborhood occupancy sits near the national midpoint but lags stronger Oakland–Berkeley–Livermore submarkets, making thoughtful lease management, renewals, and selective upgrades important levers.
The 1980 vintage creates a straightforward value-add path: modernize interiors and address aging systems to improve competitive positioning against newer 1990s-and-later stock. Three-mile demographics point to a large resident base with incomes trending higher and households projected to increase, supporting demand for well-managed, upgraded units. Nearby employment nodes further reinforce leasing durability.
- High renter-occupied share in the neighborhood supports a deep tenant base and consistent leasing
- 1980 vintage offers clear value-add via interior updates and system upgrades versus newer comps
- Elevated local home values reinforce reliance on rentals, aiding pricing power and retention
- Proximity to diversified employers underpins workforce demand and occupancy stability
- Risks: safety metrics rank below many metro neighborhoods and occupancy trails stronger submarkets—requires active management and targeted improvements