| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 34th | Poor |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2735 Marina Blvd, San Leandro, CA, 94577, US |
| Region / Metro | San Leandro |
| Year of Construction | 1975 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2735 Marina Blvd San Leandro Multifamily Investment
This 38-unit property benefits from strong neighborhood-level occupancy at 100% and a rental-oriented market with 55.2% of units renter-occupied, according to CRE market data from WDSuite.
The property sits in a San Leandro neighborhood ranked in the top quartile nationally for housing metrics among 469 Oakland-Berkeley-Livermore metro neighborhoods. With 100% neighborhood-level occupancy and a median contract rent of $2,192, the area demonstrates rental market stability that supports consistent cash flow for multifamily investors.
Built in 1975, this property aligns with the neighborhood's average construction year of 1967, suggesting opportunities for value-add improvements and modernization to capture upside in a market where rents have grown 39.7% over five years. The 55.2% renter-occupied housing share ranks in the 91st percentile nationally, indicating sustained rental demand from households who rely on multifamily housing rather than ownership options.
Demographics within a 3-mile radius show a stable tenant base with 67,689 residents and median household income of $100,549. The area's amenity density supports tenant retention, with 2.41 grocery stores per square mile ranking in the 86th percentile nationally and restaurant density at 7.24 per square mile. However, limited cafe density and below-average school ratings may impact certain tenant segments and require consideration in lease management strategies.
Home values averaging $663,989 and strong rent-to-income dynamics reinforce rental demand, as elevated ownership costs keep households in the multifamily market. Projected household growth of 38.9% through 2028 and rising median incomes to $146,562 suggest an expanding renter pool, though investors should monitor supply additions given the area's development activity.
The neighborhood ranks 87th among 469 metro neighborhoods for overall crime metrics, placing it above the metro median with a 65th percentile safety rating nationally. Property offense rates have declined significantly by 82.5% year-over-year, ranking 7th among metro neighborhoods for improvement and in the 98th percentile nationally for crime reduction trends.
Violent crime rates remain moderate at 37.2 incidents per 100,000 residents, with an 85.5% year-over-year decline that ranks in the top tier for improvement trends. These positive safety trajectories support tenant retention and can contribute to stable occupancy, though investors should continue monitoring local crime patterns as part of ongoing asset management.
The property benefits from proximity to major corporate offices that provide workforce housing demand, including transportation, consumer goods, and technology employers within commuting distance.
- Ryder — transportation & logistics (4.7 miles)
- Caterpillar — industrial equipment (6.4 miles)
- Clorox — consumer products (8.4 miles) — HQ
- Gilead Sciences — biotechnology (10.6 miles) — HQ
- Visa — financial services (11.0 miles) — HQ
This 38-unit San Leandro property offers stable multifamily fundamentals anchored by 100% neighborhood-level occupancy and strong rental demand dynamics. Built in 1975, the asset presents value-add potential through strategic improvements while benefiting from a market where contract rents have increased 39.7% over five years. The 55.2% renter-occupied housing share, ranking in the 91st percentile nationally, demonstrates sustained demand for rental housing in a market where elevated home values reinforce tenant retention.
Demographics within a 3-mile radius support long-term rental demand, with projected household growth of 38.9% through 2028 and median income growth to $146,562. According to multifamily property research from WDSuite, the neighborhood's top-quartile housing ranking among 469 metro areas and improving safety trends create a foundation for occupancy stability and potential rent growth, though investors should monitor new supply and maintain competitive amenities given limited cafe density and below-average school ratings.
- Strong occupancy fundamentals with 100% neighborhood-level occupancy and 91st percentile renter demand
- Value-add opportunity through 1975 vintage property improvements in appreciating rental market
- Projected 38.9% household growth and rising incomes support expanding tenant base
- Proximity to major employers including Clorox, Gilead Sciences, and Visa headquarters
- Risk consideration: Limited cafe amenities and below-average school ratings may impact tenant mix