| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 58th | Fair |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1706 Hargrove St, Antioch, CA, 94509, US |
| Region / Metro | Antioch |
| Year of Construction | 1974 |
| Units | 22 |
| Transaction Date | 2019-04-26 |
| Transaction Price | $4,400,000 |
| Buyer | Guadalupe & Estela Campos Trust |
| Seller | Murince & Jean Heley |
1706 Hargrove St Antioch Multifamily Investment
Neighborhood occupancy remains tight with stable renter demand, according to WDSuite’s CRE market data, positioning this 22-unit asset for steady leasing performance. Elevated ownership costs in the area further support renter reliance on multifamily housing.
Situated in Antioch’s inner-suburban fabric of the Oakland–Berkeley–Livermore metro, the neighborhood scores B- overall and performs above the metro median in several renter-relevant fundamentals. Grocery access is a relative strength (top national decile), while restaurants are competitive nationally. Park, pharmacy, and cafe density are limited locally, so daily conveniences skew toward supermarkets and dining over green space and third places.
Multifamily performance is supported by high neighborhood occupancy (top quartile nationally), indicating limited vacant stock and potential for consistent renewals. The share of renter-occupied housing units sits below half, creating a balanced tenure mix that can help steady demand without oversaturation. Median contract rents in the neighborhood have risen meaningfully over five years, signaling pricing power, though investors should calibrate expectations to current affordability conditions.
Within a 3-mile radius, population has expanded in recent years and is projected to continue growing, with households increasing at a faster pace than population. This points to smaller household sizes and a larger tenant base over time, which typically supports occupancy stability and absorption of renovated units. Income growth within the same 3-mile radius, alongside rising household counts, underpins depth for workforce-oriented product as well as renovated offerings.
Home values in the neighborhood are elevated relative to many U.S. areas (above the national median), which tends to sustain renter demand and lease retention for well-managed assets. The rent-to-income profile suggests some affordability pressure, so operators should pair rent growth strategies with amenity and service upgrades to support retention and limit turnover costs.
Safety indicators in this neighborhood trend below metro averages, with crime metrics ranking in the lower tier among the 469 neighborhoods in the Oakland–Berkeley–Livermore area. Compared with neighborhoods nationwide, the area falls below the national median for safety, so underwriting should reflect prudent assumptions on security measures and insurance.
Recent year-over-year changes show property and violent offense rates have moved higher, based on WDSuite’s data. For investors, practical mitigants include lighting, access control, and community management to support resident confidence and retention while monitoring broader city and metro trends.
Proximity to large East Bay employers supports a commuter tenant base and can reinforce leasing stability for workforce-oriented units. Notable employers within a drivable radius include Chevron, Ross Stores, The Clorox Company, Caterpillar, and Gap.
- Chevron — energy (19.6 miles) — HQ
- Ross Stores — retail (21.2 miles) — HQ
- The Clorox Company — consumer products (22.6 miles)
- Caterpillar — industrial (31.8 miles)
- Gap — apparel retail (36.4 miles) — HQ
1706 Hargrove St offers scale at 22 units in an inner-suburban location where neighborhood occupancy is in the top quartile nationally, supporting lease-up and renewal stability. The asset’s 1974 vintage suggests potential value-add via unit modernization and systems upgrades to enhance rentability against older nearby stock. Elevated home values in the neighborhood tend to reinforce renter reliance on multifamily housing, while a balanced renter concentration provides a steady demand base.
Within a 3-mile radius, population growth and a faster increase in households indicate a larger tenant base ahead, which can support absorption of renovated units and sustained occupancy. Based on CRE market data from WDSuite, neighborhood rents have risen over the past five years, though operators should manage around affordability pressure and implement resident-focused retention to limit turnover.
- High neighborhood occupancy supports renewal stability and pricing discipline
- 1974 vintage presents clear value-add potential through renovations and system upgrades
- 3-mile demand drivers: growing household counts and rising incomes expand the renter pool
- Elevated ownership costs bolster multifamily demand and lease retention
- Risks: below-metro safety metrics and affordability pressure require prudent operations and security investment