| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 65th | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 628 Junction Ave, Livermore, CA, 94551, US |
| Region / Metro | Livermore |
| Year of Construction | 1990 |
| Units | 32 |
| Transaction Date | 1998-04-01 |
| Transaction Price | $327,000 |
| Buyer | PORTOLA LIVERMORE LLC |
| Seller | SHAW 1989 REVOCABLE TRUST |
628 Junction Ave Livermore Multifamily Investment
High-cost homeownership in Livermore sustains renter demand, while neighborhood occupancy remains solid, according to WDSuite's CRE market data. For investors, this points to steady leasing fundamentals with potential to capture durable demand in a suburban East Bay location.
The property sits in a suburban pocket of the Oakland 3Berkeley 3Livermore metro that is competitive among Oakland 3Berkeley 3Livermore, CA neighborhoods (ranked 47 out of 469). At the neighborhood level, occupancy is reported at 95.1% (neighborhood metric, not property-specific), suggesting stable leasing conditions that help underpin income consistency for multifamily assets.
Ownership costs are elevated locally (neighborhood home values sit in the 98th percentile nationally), which tends to reinforce reliance on rental housing and supports depth of the tenant base. Median contract rents in the neighborhood are also high by national standards (92nd percentile), aligning with an East Bay submarket where pricing power is often supported by incomes and limited for-sale accessibility. The neighborhood renter-occupied share is 40.9% of housing units, indicating a meaningful renter pool for multifamily owners.
Amenities are a relative strength: restaurants, parks, and cafes all benchmark in the low-to-mid 80s percentiles nationally, and average school ratings are around the national middle-to-upper range. For investors, this mix supports livability and lease retention, while remaining consistent with suburban expectations for the East Bay.
Within a 3-mile radius, demographic statistics indicate high incomes with continued rent growth potential and a projected increase in households over the next five years, even as population trends modestly contract. This pattern typically reflects smaller household sizes and can translate to a larger tenant base relative to population counts, which can support occupancy stability and demand for rental units. These dynamics are directional and should be evaluated against specific asset positioning and finish levels.
Neighborhood safety benchmarks mixed compared with national norms: overall crime trends below the national median (44th percentile), with violent incidents also below the national median (31st percentile). Importantly for risk management, recent trend data shows improvement year over year, according to WDSuite's CRE market data. Property-related offenses remain an area to monitor despite declines. Use these metrics as comparative context for underwriting assumptions and to calibrate security and maintenance strategies at the asset level.
Nearby corporate anchors support workforce housing demand and commute convenience, including Ross Stores, The Clorox Company, Chevron, and Lam Research.
- Ross Stores — retail (6.7 miles) — HQ
- The Clorox Company — consumer products (7.5 miles)
- Chevron — energy (11.4 miles) — HQ
- Lam Research Corporation CA8 — semiconductor equipment (16.8 miles)
- Lam Research — semiconductor equipment (17.2 miles) — HQ
628 Junction Ave is a 32-unit asset built in 1990, slightly older than the neighborhood average construction year. That vintage can present value-add potential through targeted renovations and systems upgrades to improve competitive positioning against newer stock. At the neighborhood level, occupancy is reported at 95.1% (neighborhood metric, not property-specific), and elevated home values in the area support reliance on multifamily rentals. These conditions point to steady demand with scope for operational upside through renovations and effective lease management.
Household incomes within a 3-mile radius are strong and rents have trended upward, with projections indicating measured rent growth; together this supports tenant retention and pricing power when paired with asset improvements. Based on CRE market data from WDSuite, the location demonstrates solid amenity access and livability, while safety trends are improving. Key underwriting considerations include managing affordability pressure, calibrating capex for a 1990 build, and monitoring neighborhood crime metrics as part of operating plans.
- Established renter base and solid neighborhood occupancy support income stability
- High ownership costs locally reinforce multifamily demand and lease retention
- 1990 vintage offers value-add potential via targeted renovations and system upgrades
- Proximity to major employers (Ross Stores, Chevron, Lam Research) helps sustain tenant demand
- Risks: monitor property-related crime trends, manage affordability pressure, and budget capex