| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 36th | Poor |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 94 Lund Ave, Hayward, CA, 94544, US |
| Region / Metro | Hayward |
| Year of Construction | 1988 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
94 Lund Ave, Hayward CA Multifamily Investment
Positioned in a high-demand renter pocket of Hayward with strong neighborhood amenities and elevated ownership costs, this asset targets durable occupancy and rent resilience, according to WDSuite’s CRE market data.
The property sits in an Urban Core neighborhood of the Oakland–Berkeley–Livermore metro rated A- by WDSuite, with amenity access performing competitively among 469 metro neighborhoods and in the top quartile nationally. Grocery, pharmacy, cafes, and parks score well versus national peers, supporting day-to-day renter convenience and lease retention.
Renter concentration is high for the neighborhood (above the metro median and in a top national percentile), indicating a deep base of renter-occupied units and a broad tenant pool for multifamily assets. Neighborhood occupancy has been steady around national medians in recent years, providing a reasonable baseline for income stability even if it is not among the metro’s top-ranked sub-areas.
Within a 3-mile radius, demographics show essentially flat population trends alongside growth in household counts, pointing to smaller average household sizes and a gradual expansion of the renter pool. Forecasts through 2028 indicate further increases in households and incomes with a modest reduction in average household size, which generally supports multifamily demand and helps sustain occupancy.
Home values are elevated relative to national norms and the value-to-income relationship is high for the neighborhood. In investor terms, this is a high-cost ownership market that tends to reinforce reliance on rental housing, supporting pricing power and lease-up durability for well-positioned properties while still requiring attention to affordability and retention management.
The building’s 1988 vintage is slightly older than the neighborhood average year of construction. That age profile often pairs with value-add potential—modernizations to interiors, common areas, and systems can enhance competitive positioning versus newer stock and support rent premiums where market conditions allow.
Safety conditions for the neighborhood track below national averages, and the area ranks in the lower half among 469 Oakland–Berkeley–Livermore metro neighborhoods. That said, recent data from WDSuite point to a notable year-over-year decline in property offenses, suggesting improving trends even if the overall profile still warrants prudent operational measures such as lighting, access control, and coordinated property management.
Nearby employment nodes span logistics, industrial equipment, energy, and corporate retail, supporting a broad workforce renter base and commute-friendly housing demand centered on Caterpillar, Ryder, Chevron, The Clorox Company, and Ross Stores.
- Caterpillar — industrial equipment (2.6 miles)
- Ryder — logistics (2.6 miles)
- Chevron — energy (10.0 miles) — HQ
- The Clorox Company — consumer products (10.0 miles)
- Ross Stores — off-price retail (11.2 miles) — HQ
This 52-unit asset at 94 Lund Ave benefits from a renter-oriented location with strong daily amenities and a high-cost ownership backdrop that supports sustained rental demand. Neighborhood occupancy trends are broadly stable near national norms, while the local renter concentration and strong amenity access provide depth to the tenant base and support leasing durability. Based on CRE market data from WDSuite, the combination of elevated neighborhood home values and solid income levels reinforces reliance on multifamily housing, with affordability management key to retention.
The 1988 vintage presents straightforward value-add and capital planning angles. Thoughtful renovations and operating discipline can sharpen competitive positioning versus newer stock, leveraging the area’s workforce connectivity and diversified employers to maintain occupancy and drive incremental NOI, while acknowledging that safety metrics are below national averages and warrant ongoing property-level mitigation.
- Renter-heavy neighborhood and strong amenities support a deep tenant base and lease stability.
- Elevated ownership costs sustain multifamily demand and measured pricing power.
- 1988 vintage offers value-add potential through targeted renovations and system upgrades.
- Diverse nearby employers bolster workforce housing demand and retention.
- Risk: Neighborhood safety scores trail national averages; mitigation via security and management best practices is advised.