| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 46th | Poor |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 May Rd, Union City, CA, 94587, US |
| Region / Metro | Union City |
| Year of Construction | 1991 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 May Rd Union City Multifamily Investment Opportunity
Neighborhood occupancy is healthy with signs of durable renter demand, according to WDSuite 0s CRE market data, positioning this asset for steady leasing performance in a high-cost East Bay ownership market.
Located in Union City s inner suburb of the Oakland Berkeley Livermore metro, the neighborhood carries a B rating and posts high occupancy alongside a renter-occupied share around two-fifths of housing units. For investors, that renter concentration signals a meaningful tenant base and supports leasing stability, while the metro context limits overreliance on any single demand driver.
Amenity access is a relative strength: cafes, groceries, and parks rank competitive among 469 metro neighborhoods and trend above national averages. Day-to-day convenience is solid, though pharmacy options are limited nearby, a minor consideration for resident experience. Average school ratings in the area are lower, which can influence unit mix performance for family renters but does not typically deter working professional demand.
The property s 1991 vintage is newer than the neighborhood s average construction year (1969), offering competitive positioning versus older stock. Investors should still plan for targeted system updates and common-area refreshes typical of early-1990s buildings, which can enhance renter appeal and support retention.
Within a 3-mile radius, household counts have grown in recent years and are expected to continue rising as average household size trends lower. This points to a larger tenant base over time and supports occupancy stability. Elevated home values in the neighborhood reinforce reliance on multifamily rentals, while a moderate rent-to-income profile suggests retention can be managed with disciplined lease management and customer service.
Safety metrics compare favorably to many U.S. neighborhoods, with the area positioned above the national average by percentile-based measures. Recent trend data show notable improvement in both violent and property offense rates year over year, indicating momentum in the right direction. As always, investors should evaluate property-level security features and engage local data for the latest conditions.
Proximity to a diverse base of corporate offices supports renter demand via commute convenience and income stability, including roles in logistics, electronics manufacturing, and consumer products.
- Caterpillar corporate offices (5.6 miles)
- Ryder corporate offices (6.8 miles)
- Sanmina Corporation electronics manufacturing offices (7.3 miles)
- Synnex technology distribution offices (8.0 miles) HQ
- The Clorox Company consumer products offices (8.5 miles)
This 23-unit, early-1990s asset benefits from a deep East Bay renter pool, high neighborhood occupancy, and strong household incomes that help underpin steady collections and lease retention. Elevated home values in the immediate area sustain reliance on rentals, while the property s 1991 vintage offers a competitive edge versus older stock and a clear path for value-add through targeted modernization. Based on commercial real estate analysis from WDSuite, neighborhood performance sits above national norms on amenities and occupancy, supporting long-term leasing fundamentals.
Within a 3-mile radius, recent growth in households and shrinking household size indicate a larger tenant base over time even as population levels fluctuate. Combined with a renter-occupied share near two-fifths locally and a moderate rent-to-income profile, the submarket supports ongoing absorption with measured pricing power, provided operators remain attentive to unit quality and service.
- High-cost ownership market supports sustained multifamily demand and retention
- 1991 vintage: competitive versus older stock with targeted value-add upside
- Above-average neighborhood occupancy and amenities support leasing stability
- 3-mile household growth and smaller household sizes expand the tenant base
- Risk: lower school ratings and limited nearby pharmacies may influence certain renter segments