| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 78th | Best |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 847 Rose Ave, Pleasanton, CA, 94566, US |
| Region / Metro | Pleasanton |
| Year of Construction | 1977 |
| Units | 21 |
| Transaction Date | 2004-07-27 |
| Transaction Price | $2,626,000 |
| Buyer | RUSSELL A RUTH |
| Seller | RICKENBACH KONRAD DOMINICK |
847 Rose Ave Pleasanton Multifamily Investment
This 21-unit property benefits from Pleasanton's strong renter concentration at 58.7% of housing units, positioning it within a top quartile neighborhood among 469 Oakland-Berkeley-Livermore metro areas according to WDSuite's CRE market data.
This Pleasanton neighborhood ranks 22nd among 469 metro neighborhoods, placing it in the top quartile for overall investment fundamentals. The area maintains a substantial renter-occupied housing base at 58.7% of units, ranking in the 93rd national percentile and supporting consistent multifamily demand. Median contract rent of $1,965 reflects competitive pricing within the Oakland-Berkeley-Livermore market, with 5-year rent growth of 8.1% demonstrating rental pricing resilience.
Demographics within a 3-mile radius show household income strength, with median income at $179,740 and 43.9% of households earning over $200,000 annually. Population projections indicate a 7.5% decline through 2028, though household count is forecast to increase 20.6%, suggesting smaller household formation that typically supports rental demand. The neighborhood's construction vintage averages 1974, similar to this property's 1977 build date, indicating potential capital expenditure considerations for value-add positioning.
Amenity density supports tenant retention with strong access to restaurants (16.4 per square mile, 95th national percentile), grocery stores (3.3 per square mile, 91st percentile), and parks (3.3 per square mile, 97th percentile). School ratings average 4.5 out of 5, ranking in the 94th national percentile and appealing to family demographics. However, neighborhood-level occupancy of 88.9% has declined 4.0 percentage points over five years, ranking 446th of 469 metro neighborhoods and indicating potential absorption challenges that warrant monitoring.
Safety metrics present a mixed profile for this Pleasanton neighborhood. Overall crime ranks 275th among 469 Oakland-Berkeley-Livermore metro neighborhoods, placing it around the metro median with a 46th national percentile rating. Property crime rates have improved notably with a 22.3% year-over-year decline, while violent crime decreased 29.9% over the same period, suggesting positive trending in neighborhood security conditions.
Current property offense rates remain elevated compared to national standards, though the significant recent improvements indicate enhanced safety management. Violent crime rates are relatively low at 177 incidents per 100,000 residents. The combination of declining crime trends and middle-tier metro positioning suggests manageable security considerations for multifamily operations, though ongoing monitoring of safety metrics remains prudent for tenant retention and lease-up velocity.
The employment base centers on major corporate offices within commuting distance, supporting workforce housing demand for professional tenants in technology, retail, and energy sectors.
- The Clorox Company — consumer goods (2.4 miles)
- Ross Stores — retail headquarters (3.2 miles) — HQ
- Chevron — energy headquarters (7.7 miles) — HQ
- Lam Research — semiconductor equipment headquarters (12.8 miles) — HQ
- Synnex — technology distribution headquarters (12.8 miles) — HQ
This 1977-constructed property operates within a top quartile Oakland-Berkeley-Livermore neighborhood that demonstrates strong multifamily fundamentals. The substantial renter concentration of 58.7% ranks in the 93rd national percentile, indicating deep rental demand that supports occupancy stability. High-income demographics within a 3-mile radius, with 43.9% of households earning over $200,000, provide a qualified tenant base capable of supporting competitive rents. Forecast household growth of 20.6% through 2028, despite population decline, suggests smaller household formation trends that typically favor rental housing demand.
The property's vintage aligns with neighborhood averages, presenting potential value-add opportunities through strategic capital improvements. Strong amenity access and excellent school ratings support tenant retention, while proximity to major employers including Ross Stores, Chevron, and Lam Research headquarters provides employment stability. However, declining neighborhood-level occupancy trends and elevated home values creating potential affordability pressure require careful lease management and competitive positioning according to multifamily property research.
- Top quartile neighborhood ranking among 469 metro areas with 93rd percentile renter concentration
- High-income demographics with median household income of $179,740 within 3-mile radius
- Proximity to major corporate headquarters supporting professional tenant base
- Value-add potential through 1977 vintage property improvements
- Risk: Declining neighborhood occupancy trends require competitive positioning and active lease management