| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 67th | Fair |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 35621 Haley St, Newark, CA, 94560, US |
| Region / Metro | Newark |
| Year of Construction | 1985 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
35621 Haley St Newark Multifamily Investment
Neighborhood fundamentals point to resilient renter demand and high occupancy, according to WDSuite’s CRE market data. Investor takeaway: tight local occupancy and a high-cost ownership market support pricing power while favoring steady lease-up.
Situated in Newark’s inner suburb of the Oakland–Berkeley–Livermore metro, the immediate neighborhood carries a B+ rating and is competitive among 469 metro neighborhoods. Local occupancy in the neighborhood is high, supporting stability for multifamily assets, while the renter base is meaningful but not dominant, indicating depth without overreliance on transient demand. At the metro level, asking rents in this neighborhood trend in the top decile nationally, signaling strong pricing potential relative to typical U.S. submarkets.
Livability drivers include solid access to everyday amenities: cafes and parks register above national medians, while grocery and pharmacy density is lighter within the neighborhood footprint. Average school ratings are strong versus national benchmarks, which can aid retention for family renters. These dynamics align with workforce households and higher-income professionals who prioritize commute convenience and neighborhood services.
Within a 3-mile radius, demographics show a larger, high-income tenant base with households increasing even as average household size trends smaller. This pattern points to more households competing for units and can support occupancy and renewal rates. Elevated home values relative to national norms create a high-cost ownership market that reinforces reliance on multifamily housing, aiding lease stability and rent growth management for professionally operated assets.
The property’s 1985 vintage is slightly newer than the neighborhood’s early-1980s average, offering competitive positioning versus older stock. Investors should still plan for modernization of building systems and common areas to meet current renter expectations and to capture value-add upside.
Safety indicators compare favorably to many neighborhoods nationwide, landing in an above-average national percentile, while conditions are more mixed within the Oakland–Berkeley–Livermore metro. Recent trend data indicates year-over-year declines in both property and violent incidents, which supports a constructive outlook on operational risk and tenant retention.
In short, safety performance is stronger than the national midpoint but not among the lowest-crime areas in the metro. Operators should continue standard security and lighting best practices and monitor local trends as part of ongoing risk management.
Nearby corporate nodes anchor a diverse employment base that supports renter demand and renewal potential, particularly for professionals seeking short commutes. The most relevant employers include Sanmina Corporation, SYNNEX, Lam Research, Facebook, and Thermo Fisher Scientific.
- Sanmina Corporation — electronics manufacturing (4.9 miles)
- Synnex — technology distribution (5.2 miles) — HQ
- Lam Research — semiconductor equipment (6.5 miles) — HQ
- Facebook — technology (6.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (7.1 miles)
This 32-unit asset at 35621 Haley St benefits from tight neighborhood occupancy, a deep high-income tenant base within 3 miles, and a high-cost ownership market that tends to sustain multifamily demand. Asking rents in the neighborhood sit among the stronger cohorts nationally, while rent-to-income positioning suggests room for disciplined revenue management without outsized retention risk. According to CRE market data from WDSuite, the area’s schools and amenity access are supportive for family and professional renters, aiding renewal probability.
Built in 1985, the property is slightly newer than the neighborhood average, offering competitive standing versus older buildings; targeted upgrades to interiors and common areas can unlock value-add potential. While safety metrics are favorable nationally, they are more mixed versus the metro, so standard operating controls remain prudent.
- Tight neighborhood occupancy and strong rent positioning support revenue resilience
- High-income tenant base within 3 miles expands the renter pool and renewal prospects
- 1985 vintage enables value-add through targeted modernization to compete with newer stock
- Proximity to major employers underpins leasing velocity and retention
- Risk: safety is above national averages but less differentiated in-metro; maintain active property management