| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Poor |
| Demographics | 69th | Good |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 51 Murdell Ln, Livermore, CA, 94550, US |
| Region / Metro | Livermore |
| Year of Construction | 1973 |
| Units | 70 |
| Transaction Date | 1999-01-27 |
| Transaction Price | $140,000 |
| Buyer | SEQUOIA EQUITIES II LLC |
| Seller | SEQUOIA EQUITIES II |
51 Murdell Ln Livermore Multifamily Investment
This 70-unit property serves a high-income neighborhood with full occupancy and strong renter demand fundamentals. According to CRE market data from WDSuite, the area shows sustained rental performance despite limited commercial amenities.
The property sits in an inner suburb neighborhood ranking in the top quartile nationally for household income, with median household earnings of $201,643 within a 3-mile radius. This demographic strength supports rental demand, though the area shows a low rental share at 11.8% of housing units, indicating a predominantly owner-occupied market that may limit tenant pool depth.
Built in 1973, the property reflects the neighborhood's average construction vintage of 1961, suggesting potential value-add opportunities through modernization and capital improvements. Neighborhood-level occupancy reaches 100%, ranking first among 469 metro neighborhoods, which demonstrates strong absorption despite limited nearby retail amenities.
The area shows mixed amenity access, with strong childcare density ranking 202nd of 469 neighborhoods but no grocery stores, restaurants, or pharmacies within the immediate vicinity. However, park access ranks in the 90th percentile nationally, supporting quality of life appeal for families. Median contract rents of $2,897 place the neighborhood in the top quintile regionally, though rent-to-income ratios remain moderate at 17%.
Demographics within the 3-mile radius show stability with 52,966 residents, though population declined 1.1% over five years. Projections indicate household growth of 33.7% by 2028, driven by smaller household formation, which could expand the renter pool and support multifamily demand despite the area's ownership-oriented housing stock.
Property crime rates of 321 incidents per 100,000 residents rank in the middle tier among 469 metro neighborhoods, placing the area at the 46th percentile nationally. While property crime increased 1.8% year-over-year, violent crime remains low at 30 incidents per 100,000 residents, ranking 183rd regionally and in the 52nd percentile nationally.
The area's overall crime profile suggests moderate security conditions typical of suburban neighborhoods, though investors should monitor the uptick in property incidents when evaluating insurance costs and tenant retention strategies.
The property benefits from proximity to major corporate headquarters and offices, providing workforce housing for high-income professionals in retail, chemicals, and technology sectors.
- Ross Stores — retail headquarters (5.4 miles) — HQ
- The Clorox Company — consumer products (5.9 miles)
- Chevron — energy headquarters (10.3 miles) — HQ
- Lam Research Corporation — semiconductor equipment (15.1 miles)
- Lam Research — technology headquarters (15.5 miles) — HQ
This 70-unit property from 1973 serves a high-income demographic with strong occupancy fundamentals and potential value-add upside through renovations. The neighborhood's 100% occupancy rate and $201,643 median household income provide stable rental demand, while the vintage presents opportunities for capital improvements to capture higher rents in this premium market.
According to commercial real estate analysis from WDSuite, the area's demographics support long-term rental stability despite the low 11.8% rental share. Projected household growth of 33.7% by 2028 could expand the tenant base, while proximity to major employers like Ross Stores and Chevron provides workforce housing demand for high-earning professionals.
- Full neighborhood occupancy and top-quintile household incomes support rental stability
- 1973 vintage offers value-add potential through targeted capital improvements
- Projected 33.7% household growth by 2028 may expand tenant pool
- Proximity to major corporate employers provides workforce housing demand
- Risk: Low 11.8% rental share may limit tenant pool depth and lease-up velocity