| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Poor |
| Demographics | 57th | Fair |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1600 Grand Ave, San Leandro, CA, 94577, US |
| Region / Metro | San Leandro |
| Year of Construction | 1974 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1600 Grand Ave San Leandro Multifamily Investment Thesis
Neighborhood occupancy is in the mid-90s with recent gains, supporting stable rent rolls according to WDSuite’s CRE market data. Elevated home values in this inner East Bay location reinforce renter reliance on multifamily housing.
Located in San Leandro’s inner suburb setting within the Oakland–Berkeley–Livermore metro, the area offers everyday convenience that supports leasing: strong density of cafes, pharmacies, and grocery options compared with national norms, and quick access to wider East Bay employment corridors. Park access is limited within the immediate neighborhood, so lifestyle appeal leans more on urban amenities and commute efficiency than open-space draw.
The property’s 1974 vintage is newer than the neighborhood’s average construction year, which positions it competitively versus older local stock. Investors should plan for ongoing system upgrades and selective renovations to meet renter expectations, with potential to capture value-add upside against older comparables.
Within a 3-mile radius, demographic data show modest population growth with rising household incomes and a substantial share of homes that are renter-occupied—factors that point to a durable tenant base and support for occupancy stability. Rents have trended upward over the last five years, while neighborhood occupancy is above the national median, based on commercial real estate analysis from WDSuite.
School ratings trend below national averages, which can matter for family-oriented leasing strategies, but childcare availability is notably dense and day-to-day amenities are competitive among metro neighborhoods. Home values are elevated for the region, which tends to sustain multifamily demand and supports lease retention as ownership remains a high-cost alternative.
Safety indicators are above the national median for neighborhoods, and recent year-over-year trends show notable declines in both property and violent offense estimates, according to WDSuite’s CRE market data. This suggests improving conditions that can aid resident retention and leasing stability over time.
At the metro level, conditions can vary by neighborhood; investors should underwrite with submarket-specific diligence and focus on property-level controls and lighting, while recognizing that the direction of change has been favorable over the last year.
Proximity to diversified employers supports a broad renter base and commute convenience, with access to logistics, industrial, and corporate headquarters that underpin steady workforce housing demand. Highlighted below are nearby employers that anchor regional jobs and can contribute to leasing stability.
- Ryder — logistics (5.1 miles)
- Caterpillar — industrial equipment offices (6.9 miles)
- Clorox — consumer products (9.1 miles) — HQ
- Chevron — energy (10.0 miles) — HQ
- Gilead Sciences — biopharma (13.5 miles) — HQ
1600 Grand Ave offers investors a stabilized East Bay location where neighborhood occupancy sits above national medians and renter demand is reinforced by a high-cost ownership market. Based on CRE market data from WDSuite, rents have grown over the past five years while amenity access remains strong for daily needs, supporting tenant retention.
Built in 1974 across 48 units, the asset is newer than much of the local stock, suggesting relative competitiveness and value-add potential through targeted modernization and common-area upgrades. Within a 3-mile radius, population growth and higher-income households point to a deeper tenant base over time, while childcare density and service amenities offset limited nearby park space and below-average school ratings.
- Occupancy above national medians supports stable rent rolls and reduced downtime.
- High-cost ownership landscape reinforces multifamily demand and lease retention.
- 1974 vintage offers value-add through system upgrades and interior modernization.
- Diverse nearby employers underpin workforce demand and steady leasing velocity.
- Risks: limited park access and below-average school ratings; underwrite for ongoing capital needs and neighborhood variability in safety.