| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 65th | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 680 Junction Ave, Livermore, CA, 94551, US |
| Region / Metro | Livermore |
| Year of Construction | 1990 |
| Units | 32 |
| Transaction Date | 2022-06-05 |
| Transaction Price | $38,500,000 |
| Buyer | PORTOLA LIVERMORE LLC |
| Seller | SHAW 1989 REVOCABLE TRUST |
680 Junction Ave Livermore Multifamily Investment
Neighborhood occupancy in the mid-90s and elevated area home values point to durable renter demand, according to WDSuite’s CRE market data. Position within a suburban Livermore enclave supports stable leasing dynamics relative to the broader Oakland–Berkeley–Livermore metro.
Livermore’s suburban setting combines daily conveniences with commuter access, producing a renter profile anchored by employment across the Tri‑Valley and I‑580 corridor. Amenity access scores competitively, with neighborhood amenities performing in the top quartile among 469 metro neighborhoods and above national norms, supporting livability and tenant retention.
For schools, average ratings land modestly above national medians, which can aid family‑oriented leasing strategies. Dining, parks, groceries, pharmacies, childcare, and cafes all rank at or above national percentiles in the 70s–80s, suggesting residents can meet most needs nearby without relying on long trips across the metro.
Multifamily fundamentals are supported by a renter‑occupied housing share around two‑fifths at the neighborhood level, indicating a meaningful base of apartment demand. Neighborhood occupancy sits above national norms, while rents are positioned in a higher‑cost context; this combination typically favors stabilized tenancy with focused lease management. The property’s 1990 vintage is slightly older than the neighborhood’s average construction year (mid‑1990s), which may create value‑add or modernization opportunities to stay competitive against newer stock.
Within a 3‑mile radius, incomes skew high and ownership costs are elevated relative to income benchmarks, reinforcing reliance on multifamily housing for many households and supporting pricing power when units are well‑maintained. Over the same 3‑mile radius, recent population trends have been flat to slightly negative, but household counts are projected to rise as average household size contracts, which can enlarge the renter pool and support occupancy stability over time.
Safety indicators are mixed and should be evaluated comparatively. Overall crime ranks in the lower half of the Oakland–Berkeley–Livermore metro (ranked 301 among 469 neighborhoods), signaling higher incident rates than many peer neighborhoods. Relative to U.S. neighborhoods, the area sits below the national median for safety.
Recent momentum trends are constructive: estimated violent offense rates declined sharply year over year, placing the neighborhood in a higher national improvement percentile, and property offenses also trended downward. For investors, this suggests conditions that are moving in a favorable direction, though ongoing monitoring and appropriate security measures remain prudent for underwriting and operations.
Proximity to major corporate nodes underpins a deep commuter tenant base and supports retention. Notable nearby employers include Ross Stores, The Clorox Company, Chevron, Thermo Fisher Scientific, and Lam Research.
- Ross Stores — retail (6.7 miles) — HQ
- The Clorox Company — consumer products (7.4 miles)
- Chevron — energy (11.3 miles) — HQ
- Thermo Fisher Scientific — life sciences (16.9 miles)
- Lam Research — semiconductor equipment (17.2 miles) — HQ
680 Junction Ave offers investors exposure to a high‑income suburban pocket of Livermore where neighborhood occupancy is above national norms and renter demand is reinforced by elevated ownership costs. Based on CRE market data from WDSuite, neighborhood rents sit within a higher‑cost context while amenity access and school scores modestly above national medians support livability and lease retention. The neighborhood’s renter‑occupied share indicates a substantial tenant base, even as the broader 3‑mile area leans more owner‑oriented.
Built in 1990, the asset is slightly older than nearby stock that averages the mid‑1990s, creating a pathway for targeted capital improvements and operational upgrades to sharpen competitiveness against newer deliveries. Demographic patterns within 3 miles point to strong incomes and an expected increase in household counts as average household size contracts, which can expand the renter pool and support stabilized occupancy. Investors should balance these strengths with a sober view of local crime metrics and measured population softness, underwriting appropriate security and marketing strategies.
- High‑income suburban location with occupancy above national norms supports stable cash flow potential
- Elevated home values reinforce renter reliance on multifamily, aiding pricing power and retention
- 1990 vintage offers value‑add and modernization angles relative to mid‑1990s neighborhood average
- Nearby corporate employment nodes (retail, energy, life sciences, semiconductors) support leasing demand
- Risks: below‑median safety metrics and modest population softness warrant conservative underwriting and active management