| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 69th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 235 Haas Ave, San Leandro, CA, 94577, US |
| Region / Metro | San Leandro |
| Year of Construction | 1987 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
235 Haas Ave San Leandro Multifamily Investment
This 96-unit property built in 1987 is positioned in a neighborhood with 92% occupancy and median rents of $2,346, reflecting stable demand for multifamily housing according to CRE market data from WDSuite.
The San Leandro neighborhood demonstrates solid fundamentals for multifamily investment, ranking in the top quartile nationally among 469 metro neighborhoods with a B+ rating. The area maintains a 92% occupancy rate with median contract rents of $2,346, representing strong tenant demand in a market where 39.8% of housing units are renter-occupied.
Built in 1987, this property aligns with the neighborhood's construction profile, presenting potential value-add opportunities through selective capital improvements. The surrounding area features strong amenity access with 6.08 grocery stores per square mile (97th percentile nationally) and 14.59 restaurants per square mile (94th percentile), supporting tenant retention through convenient daily services.
Demographics within a 3-mile radius show a stable renter base of approximately 158,000 residents with a median household income of $95,631 that has grown 46.2% over five years. The area's median home value of $1,001,226 reinforces rental demand as elevated ownership costs sustain renter reliance on multifamily housing. Forecasts indicate continued household growth through 2028, expanding the potential tenant pool.
School ratings average 3.5 out of 5 (73rd percentile nationally), while the neighborhood's urban core designation provides access to employment centers throughout the Oakland-Berkeley-Livermore metro. The rent-to-income ratio remains moderate, supporting lease renewal potential while maintaining affordability for a broad tenant base.
Safety metrics show improving trends that support resident retention and property values. Property crime rates have declined 85.6% year-over-year, ranking in the top 1% nationally for crime reduction among 469 metro neighborhoods. Violent crime has similarly decreased 75.5%, placing the area in the 95th percentile for safety improvements.
Current crime levels position the neighborhood competitively within the Oakland-Berkeley-Livermore metro, with property offense rates ranking better than metro median. These positive safety trends, combined with the area's urban core amenities and employment access, create a more attractive environment for tenant acquisition and retention.
The property benefits from proximity to major corporate employers that provide workforce housing demand, including several Fortune 500 headquarters within the greater Bay Area employment corridor.
- Ryder — logistics and transportation (5.5 miles)
- Caterpillar — industrial equipment (7.3 miles)
- Clorox — consumer goods — HQ (8.2 miles)
- Chevron — energy services — HQ (11.0 miles)
- Gilead Sciences — biotechnology — HQ (13.1 miles)
This 96-unit San Leandro property offers stable cash flow potential in a neighborhood demonstrating above-average occupancy at 92% and strong rental demand fundamentals. The 1987 construction vintage presents selective value-add opportunities while avoiding the extensive capital requirements of older stock. According to commercial real estate analysis from WDSuite, the area's B+ neighborhood rating and top-quartile national performance reflect solid investment fundamentals supported by diverse employment access and improving safety metrics.
Demographic projections show continued household growth within the 3-mile radius through 2028, expanding the renter pool while elevated ownership costs of $1,001,226 median home values reinforce rental demand. The neighborhood's 39.8% renter-occupied unit share provides a substantial tenant base, while proximity to major employers including Clorox, Chevron, and Gilead Sciences headquarters supports workforce housing demand.
- Stable 92% neighborhood occupancy with $2,346 median rents
- Value-add potential from 1987 vintage without extensive capital needs
- Growing household base with median income increases of 46.2% over five years
- High ownership costs sustain rental demand in competitive Bay Area market
- Monitor potential ownership competition as affordability dynamics shift