| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 49th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 941 Lewelling Blvd, San Leandro, CA, 94579, US |
| Region / Metro | San Leandro |
| Year of Construction | 1975 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
941 Lewelling Blvd San Leandro Multifamily Opportunity
Positioned in an amenity-dense pocket of San Leandro, the asset benefits from steady neighborhood occupancy and elevated for-sale housing costs that support rental demand, according to WDSuite’s CRE market data.
Located in the Oakland–Berkeley–Livermore metro, the neighborhood carrying 941 Lewelling Blvd rates B+ and is competitive among 469 metro neighborhoods, signaling balanced fundamentals for multifamily investors. Neighborhood occupancy trends above national mid-point levels, which helps underpin cash flow durability through cycles, per commercial real estate analysis from WDSuite.
Amenity access is a notable strength: grocery, restaurants, cafes, childcare, and pharmacy counts benchmark in high national percentiles, supporting day-to-day convenience and renter retention. Park coverage is limited, so outdoor space and on-site common areas may matter more for leasing.
Home values in the immediate area are elevated relative to national norms, reinforcing renter reliance on multifamily housing and supporting demand depth. The share of housing units that are renter-occupied sits around two-fifths, indicating a sizable tenant base for a 42-unit property.
The building’s 1975 vintage is slightly newer than the area’s average stock from the late 1960s. Investors should anticipate ongoing capital planning typical for mid-1970s buildings, with potential value-add and modernization upside to enhance competitive positioning against both older and newer comparables.
Demographic statistics aggregated within a 3-mile radius show relatively stable population trends recently, with projections indicating growth in the number of households and smaller average household sizes over the next few years. That shift points to a broader renter pool and supports occupancy stability, even if population growth remains modest.
Safety indicators benchmark around the upper third nationally, suggesting comparatively favorable conditions versus many U.S. neighborhoods. Recent estimates also show notable year-over-year reductions in both property and violent offense rates, pointing to improving trends. Conditions can vary by block and over time, so investors typically corroborate site-level security, lighting, and access controls during diligence.
Nearby employment nodes include logistics, industrial, consumer products, biotechnology, and energy employers, supporting a diversified renter base and commute convenience for workforce tenants: Ryder, Caterpillar, The Clorox Company, Gilead Sciences, and Chevron.
- Ryder — logistics (2.4 miles)
- Caterpillar — industrial equipment (4.2 miles)
- Clorox — consumer products (10.8 miles) — HQ
- Chevron — energy (11.2 miles) — HQ
- Gilead Sciences — biotechnology (11.2 miles) — HQ
This 1975, 42-unit asset sits in a B+ neighborhood with steady occupancy, strong daily-needs amenities, and high for-sale housing costs that help sustain renter demand. According to CRE market data from WDSuite, the surrounding neighborhood’s occupancy benchmarks above national mid-point levels, while elevated ownership costs support depth of the tenant base and pricing power with prudent lease management.
Investor upside centers on value-add potential typical for mid-1970s construction and on convenience-driven retention supported by abundant groceries, restaurants, cafes, childcare, and pharmacies. Demographic statistics within a 3-mile radius suggest muted recent population change but a projected increase in household counts alongside smaller household sizes—factors that can broaden the renter pool and support leasing velocity. Key watch items include school quality signals and limited park coverage, which place a premium on property-level amenities and unit finishes.
- Steady neighborhood occupancy supports cash flow resilience
- Elevated home values reinforce rental demand and retention
- Mid-1970s vintage offers clear value-add and modernization avenues
- Amenity-rich location underpins lease-up and renewals
- Risks: lower school ratings, limited parks, and affordability pressure require active asset management