| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 70th | Good |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2600 Decoto Rd, Union City, CA, 94587, US |
| Region / Metro | Union City |
| Year of Construction | 1972 |
| Units | 36 |
| Transaction Date | 2014-08-28 |
| Transaction Price | $262,000 |
| Buyer | GOODWIN ROBERT W |
| Seller | AXT MARILYN D |
2600 Decoto Rd, Union City CA Multifamily Investment
Neighborhood occupancy trends are solid and renter demand is supported by a high share of renter-occupied units, according to WDSuite’s CRE market data. For investors, this points to stable leasing fundamentals in an Urban Core pocket of Alameda County.
Union City’s Urban Core setting offers daily-life convenience that supports renter retention. Restaurant and cafe density ranks competitively within the Oakland–Berkeley–Livermore metro (e.g., restaurants are in the upper tier nationally), and grocery access scores well above national averages. Parks access is also strong, while pharmacy options are comparatively limited in the immediate area. These mixed amenities translate to solid livability with a few retail gaps to note for walk-to services.
From an income and housing perspective, neighborhood indicators skew higher than national norms: household incomes sit in the 93rd percentile nationally and home values are in the 97th percentile. In a high-cost ownership market like this, elevated purchase costs tend to reinforce renter reliance on multifamily housing, which can support pricing power and lease retention.
Operating fundamentals are favorable. Neighborhood occupancy ranks in the 82nd percentile nationwide, suggesting dependable leasing conditions. Renter-occupied housing units account for a high share locally (93rd percentile nationally), indicating a deep tenant base for a 36‑unit property profile.
Demographic signals aggregated within a 3‑mile radius show modest population contraction over the last five years alongside a slight increase in households, implying smaller average household sizes and sustained demand for rental units. Looking forward, households are projected to rise materially by 2028 with further right‑sizing in household size, expanding the renter pool and supporting occupancy stability, based on CRE market data from WDSuite.
Vintage also matters for positioning: the property’s 1972 construction is older than the neighborhood’s average 1988 vintage. For investors, that often points to value‑add potential via targeted renovations and systems updates, balanced against capital planning needs to remain competitive versus newer stock.
Safety indicators are mixed. Compared with neighborhoods nationwide, overall crime sits below the national median (40th percentile), while recent property crime levels compare more favorably to many areas (upper national percentiles). At the same time, recent year‑over‑year changes in property offenses show an unfavorable uptick, and violent‑crime measures sit below the national median. In short, the area tracks as middle‑of‑the‑pack for the region with some volatility to monitor rather than a clear outlier in either direction.
Within the Oakland–Berkeley–Livermore metro (469 neighborhoods total), this neighborhood does not rank among the top performers on safety, but it is not the weakest cohort either. Investors should underwrite with standard security, lighting, and operations best practices, and track trendlines as new data is released.
The location serves a broad employment base across electronics manufacturing, heavy equipment, IT distribution, and semiconductor equipment offices, supporting workforce housing demand and practical commute times for renters.
- Sanmina Corporation — electronics manufacturing (5.7 miles)
- Caterpillar — heavy equipment offices (6.1 miles)
- Synnex — IT distribution (6.4 miles) — HQ
- Lam Research - CA9 — semiconductor equipment offices (7.1 miles)
- Lam Research Corporation CA8 — semiconductor equipment offices (7.3 miles)
2600 Decoto Rd offers investors exposure to an Urban Core submarket with strong renter fundamentals and high-cost ownership dynamics that sustain multifamily demand. Neighborhood occupancy trends rank well nationally and the renter-occupied share is elevated, pointing to depth of tenant demand and leasing stability. The property’s 1972 vintage is older than the local average, suggesting value‑add potential via interior updates and building systems modernization to enhance competitive positioning.
Within a 3‑mile radius, household counts have edged up despite modest population contraction, and are projected to increase materially through 2028 as average household size declines—conditions that typically expand the renter pool and support occupancy. According to CRE market data from WDSuite, home values and incomes trend well above national norms, reinforcing rental demand while keeping rent‑to‑income levels within prudent lease management ranges for many households.
- Elevated renter concentration and strong occupancy support stable leasing
- High-cost ownership market underpins multifamily demand and pricing power
- 1972 vintage offers value‑add and systems‑upgrade pathways
- 3‑mile household growth and smaller household sizes expand the renter pool
- Risks: monitor crime trend volatility and budget for older‑asset capex