| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 34th | Poor |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 802 Hancock St, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1973 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
802 Hancock St, Hayward CA Multifamily Investment
Neighborhood renter-occupied share is high with occupancy holding above national norms, according to WDSuite’s CRE market data, supporting demand durability for a 100-unit asset. Built in 1973, the property’s vintage points to potential value-add through targeted capital planning.
Hayward’s Urban Core setting offers solid daily convenience: cafe, grocery, and restaurant densities rank well above national medians, while parks, pharmacies, and childcare are limited within the immediate neighborhood. For investors, this mix supports everyday livability and leasing appeal, though residents may rely on nearby districts for green space and certain services.
Neighborhood occupancy is 95.3% (measured for the neighborhood, not the property) and sits above the national median, per commercial real estate analysis from WDSuite. Renter concentration is elevated (63.1% of housing units are renter-occupied), indicating a deep tenant base that can underpin leasing stability for multifamily product.
Home values in the neighborhood are elevated relative to income levels, a high-cost ownership environment that tends to reinforce reliance on rentals and can support retention and pricing power. At the same time, rent-to-income is on the higher side, which suggests ongoing affordability pressure to consider in lease management and renewal strategies.
Within a 3-mile radius, data show modest population growth in recent years and a clear increase in households, with projections indicating more households even as average household size trends lower. This points to a larger tenant base over time and supports occupancy stability and absorption, even if population growth is flat to slightly contracting.
Rents have trended upward over the past five years (neighborhood and 3-mile data both indicate roughly one-third growth), aligning with the Bay Area s broader demand dynamics. Pairing this backdrop with the property s 1973 vintage highlights potential to capture incremental rent through renovations while remaining competitive against newer stock.
Safety indicators for the neighborhood track below the national median, and relative to the 469 neighborhoods in the Oakland–Berkeley–Livermore metro, conditions are weaker than the metro average. However, recent trends show a pronounced year-over-year decline in property offenses, according to WDSuite s CRE data, which is a constructive signal to monitor alongside leasing performance.
Investors should underwrite with conservative assumptions and emphasize property-level controls (access management, lighting, and community standards). Monitoring ongoing neighborhood trends versus metro benchmarks can help calibrate marketing and retention strategies.
Nearby corporate nodes help support workforce housing demand and commute convenience for renters, including Caterpillar, Ryder, The Clorox Company, Chevron, and Sanmina Corporation.
- Caterpillar corporate offices (3.5 miles)
- Ryder logistics/corporate offices (4.0 miles)
- The Clorox Company consumer products corporate offices (9.0 miles)
- Chevron energy corporate offices (9.7 miles) HQ
- Sanmina Corporation electronics manufacturing corporate offices (10.1 miles)
802 Hancock St is a 100-unit 1973 asset in Hayward s Urban Core, positioned in a neighborhood with elevated renter concentration and above-median occupancy. Amenity density for daily needs is strong, and high ownership costs locally continue to support renter reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood rents have increased meaningfully over the past five years, and the broader 3-mile area is projected to add households even as household size declines both of which support a deeper tenant base and leasing stability.
The 1973 vintage suggests clear value-add pathways: interior upgrades, building systems, and common-area improvements can enhance competitiveness versus newer stock while targeting rent lifts. Key underwriting considerations include measured affordability pressure and safety indicators that trail national medians; disciplined expense management and resident experience initiatives can help mitigate these risks.
- Elevated renter concentration and above-median neighborhood occupancy support demand stability
- 1973 vintage offers value-add and capital planning opportunities for rent optimization
- Strong daily-need amenity density enhances leasing appeal and retention
- Household growth within 3 miles expands the tenant base despite smaller household sizes
- Risks: safety below national median and affordability pressure require prudent underwriting and resident programs