| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 60th | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2949 College Ave, Livermore, CA, 94550, US |
| Region / Metro | Livermore |
| Year of Construction | 1990 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2949 College Ave Livermore Multifamily Investment
Neighborhood data point to a high-cost ownership market and above-median incomes that help sustain renter demand, according to WDSuite’s CRE market data. Occupancy is around the metro median at the neighborhood level, suggesting stable but competitive leasing conditions for well-positioned assets.
Livermore’s suburban location combines daily conveniences with strong household incomes, supporting a reliable renter base for well-maintained multifamily. The neighborhood is competitive among Oakland-Berkeley-Livermore neighborhoods (ranked 127 out of 469; B+ rating), with restaurants, cafes, groceries, and parks testing in the top decile nationally — a mix that generally supports resident satisfaction and retention.
The property’s 1990 vintage is newer than the neighborhood’s average construction year (1980). That positioning should be relatively competitive versus older stock, while investors should still plan for systems modernization and select common-area or unit refreshes to meet current renter expectations.
At the neighborhood level, occupancy sits near the national median, indicating neither outsized lease-up friction nor unusually tight conditions. Renter-occupied housing is a minority share locally, signaling an owner-leaning area; for investors, that typically means a somewhat thinner but higher-income renter pool and less direct competition from large clusters of rental product.
Within a 3-mile radius, demographics show very high incomes and elevated home values relative to national norms. Population has edged down in recent years, yet forecasts indicate more households alongside smaller average household sizes — a combination that can expand the renter pool and support occupancy stability even as overall population softens. Home values are elevated, and combined with a rent-to-income profile near the middle of national ranges, this tends to reinforce reliance on multifamily while calling for thoughtful lease management to monitor affordability pressure and renewal risk.
Amenities are a local strength: dining density, coffee options, groceries, and park access all register well above national medians, while pharmacy access appears limited within the immediate neighborhood. School ratings trend below national averages, which may shape unit-mix strategy and marketing emphasis toward segments less sensitive to school performance.
Safety indicators are mixed but improving. The neighborhood ranks around the middle of the pack within the Oakland-Berkeley-Livermore metro (195 out of 469), roughly near national medians overall. Recent data show year-over-year declines in both violent and property offense rates, a constructive trend for renter sentiment and retention, though levels still track below national percentiles for safety in some categories. For underwriting, this suggests monitoring trends rather than assuming continued reductions.
Proximity to established corporate employers supports commuter convenience and leasing durability, with a concentration in retail headquarters, consumer goods, energy, semiconductors, and life sciences represented below.
- Ross Stores — retail headquarters (7.8 miles) — HQ
- The Clorox Company — consumer goods (8.3 miles)
- Chevron — energy (12.6 miles) — HQ
- Lam Research Corporation CA8 — semiconductors (16.4 miles)
- Thermo Fisher Scientific — life sciences (16.4 miles)
This 76-unit, 1990-vintage asset sits in an owner-leaning, high-cost ownership pocket of Livermore where elevated home values and strong incomes underpin multifamily demand. Neighborhood occupancy trends near the national median, and amenity access ranks well above national benchmarks, creating a supportive backdrop for steady leasing. Based on CRE market data from WDSuite, rent levels are high relative to national norms yet balanced by robust household incomes in the 3-mile radius, which can help sustain collections while requiring disciplined renewal strategies.
Forward-looking demographics indicate a modest population contraction but a rise in household counts driven by smaller household sizes, implying a larger renter pool over time even as the market remains predominantly owner-occupied. The 1990 vintage offers competitive positioning against older stock with pragmatic value-add potential through targeted interior updates and common-area enhancements.
- Owner-leaning area with high-cost ownership supports durable renter demand and pricing power
- 1990 vintage competitive versus older local stock; targeted capex can unlock value
- Amenity-rich neighborhood aids retention; employers within commuting range bolster leasing stability
- Household growth amid smaller sizes points to a potentially expanding renter pool
- Risks: softer school ratings, mixed-but-improving safety metrics, and median-level occupancy call for active asset and lease management