| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 62nd | Fair |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 277 Junction Ave, Livermore, CA, 94551, US |
| Region / Metro | Livermore |
| Year of Construction | 1985 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | $5,545,000 |
| Buyer | ALDERWOOD PARK APARTMENTS LLC |
| Seller | GAMACHE DANIEL |
277 Junction Ave Livermore Multifamily Investment
This 45-unit property benefits from strong neighborhood occupancy at 98.4% and high-income demographics supporting rental demand stability.
The property sits in an urban core neighborhood with a B rating, ranking above metro median among 469 neighborhoods in the Oakland-Berkeley-Livermore region. Neighborhood-level occupancy stands at 98.4%, ranking in the 91st percentile nationally, while median household income of $126,815 places residents in the 88th percentile nationwide. The renter share of 32.6% supports consistent tenant demand in this owner-dominated market.
Built in 1985, this property aligns with the neighborhood's average construction year of 1959, potentially offering value-add renovation opportunities for investors focused on capital improvements. Demographics within a 3-mile radius show 67,574 residents with a median household income of $148,790, where 29.4% of housing units are renter-occupied. The area's high home values at $865,631 median reinforce rental demand as elevated ownership costs keep households in the rental market.
The neighborhood provides solid amenity access with 2.25 grocery stores per square mile (85th percentile nationally) and 6.74 restaurants per square mile (85th percentile nationally), supporting tenant retention through convenience. School ratings average 3.0 out of 5, ranking in the 61st percentile nationally. Contract rents have grown 60% over five years to a current median of $2,462, reflecting strong pricing power in this high-income submarket.
The neighborhood's crime metrics show mixed performance relative to the metro area. Property crime rates rank 267th among 469 metro neighborhoods, placing in the 31st percentile nationally. However, property crime has declined 42.2% over the past year, ranking in the 83rd percentile for improvement trends nationwide.
Violent crime rates place the area in the 27th percentile nationally, with recent increases of 16.4% over the past year. Investors should monitor these trends as part of ongoing asset management and consider security enhancements as potential value-add opportunities to support tenant retention and leasing velocity.
The area benefits from proximity to major corporate employers, providing workforce housing opportunities for commuting professionals and supporting stable tenant demand.
- Ross Stores — retail headquarters (7.0 miles) — HQ
- The Clorox Company — consumer products (7.7 miles)
- Chevron — energy headquarters (11.7 miles) — HQ
- Lam Research Corporation — semiconductor equipment (16.8 miles)
- Thermo Fisher Scientific — life sciences (16.9 miles)
This 45-unit property offers exposure to Livermore's strong rental fundamentals, anchored by neighborhood occupancy of 98.4% and high-income demographics that support pricing power. According to CRE market data from WDSuite, the area's median household income of $126,815 ranks in the 88th percentile nationally, while elevated home values at $865,631 median reinforce rental demand as ownership costs keep households in the rental market. The 1985 construction year presents potential value-add opportunities through strategic renovations and unit improvements.
Five-year demographic projections within a 3-mile radius show household income growth of 39% and median rent increases of 11%, supporting long-term cash flow stability. The property's location near major employers including Ross Stores headquarters and Chevron provides workforce housing appeal, while the neighborhood's 32.6% renter share indicates steady tenant demand in this owner-dominated submarket.
- Strong occupancy fundamentals with 98.4% neighborhood rate ranking 91st percentile nationally
- High-income tenant base with $126,815 median household income supporting rent growth
- Value-add potential through 1985 vintage property improvements and modernization
- Proximity to major employers provides workforce housing demand stability
- Risk consideration: Mixed crime trends require ongoing security assessment and potential enhancements