| 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, CA Multifamily Investment
Neighborhood fundamentals point to durable renter demand supported by a high-cost ownership market and a renter-occupied share above the metro median, according to WDSuite’s CRE market data. Investors should expect stable leasing driven by proximity to jobs and everyday amenities, with pricing power influenced by local affordability dynamics.
Located in Hayward’s inner suburban fabric, the neighborhood carries a B- rating and sits around the middle of the pack locally (rank 251 of 469). Cafes and restaurants are relatively dense for the area (nationally top quartile for cafes and strong for restaurants), and parks and pharmacies score competitively as well. Immediate access to grocery and childcare is thinner, suggesting residents may rely on near-by submarkets for certain errands.
Renter demand appears well supported: the neighborhood’s share of renter-occupied housing units is in the top quartile among 469 metro neighborhoods, indicating a deep tenant base for multifamily. Median contract rents are high relative to national benchmarks, while neighborhood occupancy trends sit near national mid-range levels—together pointing to solid demand with operational focus needed on lease management and renewals.
The ownership landscape skews high-cost (home values and value-to-income ratios rank near the top nationally), which tends to sustain reliance on rental housing and can underpin pricing power for well-positioned assets. At the same time, a rent-to-income profile near the higher end signals some affordability pressure, making renewal strategy and amenity-value calibration important for retention.
Within a 3-mile radius, demographic data show a stable population with a modest increase in households and income growth over recent periods, with forecasts through 2028 indicating additional household growth and rising incomes—supporting a larger tenant base and lease-up resilience. These trends, based on CRE market data from WDSuite, frame the area as demand-supportive for well-operated multifamily.
The property’s 1980 vintage is older than the neighborhood average year of 1990, pointing to potential value-add and capital planning opportunities. Thoughtful renovations and system upgrades can enhance competitive positioning against newer stock while targeting rent premiums that reflect local willingness to pay.
Safety indicators are mixed and should be considered in underwriting. The neighborhood’s crime ranking places it below the metro median (rank 404 of 469), and national safety percentiles indicate it performs below many U.S. neighborhoods. That said, property-related offenses show a notable year-over-year decline, improving faster than a large share of neighborhoods nationwide, according to WDSuite’s CRE market data.
For investors, this suggests prudent security design, lighting, and community engagement can be part of the operating plan, while monitoring trendlines to see if recent improvements persist relative to the Oakland–Berkeley–Livermore metro.
The employment base nearby combines logistics and diversified corporate offices, supporting renter demand through commute convenience. Key employers within a ~3–13 mile radius include Ryder, Caterpillar, Chevron, The Clorox Company, and Ross Stores.
- Ryder — corporate offices (2.8 miles)
- Caterpillar — corporate offices (3.3 miles)
- Chevron — corporate offices (9.2 miles) — HQ
- The Clorox Company — corporate offices (9.7 miles)
- Ross Stores — corporate offices (10.9 miles) — HQ
This 52-unit multifamily asset benefits from a renter-heavy neighborhood, a high-cost ownership market that supports sustained rental demand, and access to a diverse employment base. Neighborhood occupancy trends are roughly in the national middle, while high rent and home value benchmarks suggest pricing power for well-run properties. The 1980 construction is older than the local average, creating clear value-add and capital planning angles to improve competitiveness against newer product.
Based on CRE market data from WDSuite, neighborhood-level NOI per unit performance ranks among the strongest nationally, indicating potential income durability when assets are well executed. Within a 3-mile radius, stable population with forecast household growth and rising incomes point to a gradually expanding tenant base that can support leasing stability and retention, provided operators stay attentive to affordability and renewal strategies.
- Renter-heavy neighborhood and high-cost ownership context reinforce depth of demand
- Competitive amenity access and job proximity support occupancy and lease retention
- 1980 vintage offers value-add and capex levers to enhance positioning
- Neighborhood NOI per unit trends are among the strongest nationally, per WDSuite
- Risk: below-median safety metrics and higher rent-to-income require attentive operations