| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 37th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2055 Fox Way, Concord, CA, 94518, US |
| Region / Metro | Concord |
| Year of Construction | 1984 |
| Units | 34 |
| Transaction Date | 2018-07-11 |
| Transaction Price | $9,450,000 |
| Buyer | Elias Commercial Enterprises |
| Seller | JCM Partners |
2055 Fox Way, Concord CA Multifamily Investment
Neighborhood fundamentals show strong renter demand and high occupancy at the neighborhood level, according to WDSuite’s CRE market data, supporting income stability for well-managed assets in Concord. Elevated renter concentration and a high-cost ownership market reinforce depth of the tenant base.
Positioned in Concord’s Urban Core, the property benefits from neighborhood occupancy that sits in the top quartile nationally, signaling durable demand and support for leasing stability. Renter-occupied housing comprises a large share of neighborhood units (high within the metro), expanding the addressable tenant base for multifamily owners. Median rents in the neighborhood are comparatively high versus many U.S. areas, reflecting Bay Area pricing dynamics rather than property-specific premiums.
Local amenities skew practical for daily needs: grocery access ranks competitive among 469 Oakland–Berkeley–Livermore metro neighborhoods and is in the high national percentiles, while parks access also scores well nationally. Café density is limited and school ratings are weaker than most areas nationwide, which may temper appeal for family-focused renters but tends to align with workforce housing demand patterns. These dynamics typically favor properties with efficient floor plans and value-forward finishes.
Home values in the neighborhood are elevated relative to income, a high-cost ownership environment that tends to sustain reliance on rental housing and supports pricing power when paired with good operations. At the same time, rent-to-income levels indicate some affordability pressure for renters; owners should plan for disciplined renewals and active lease management to protect retention.
Built in 1984, the asset is newer than the neighborhood’s average construction vintage (1971). This positioning can offer a competitive edge versus older stock, while still presenting selective modernization opportunities (systems, interiors, or common areas) to capture value-add upside and strengthen long-term performance based on commercial real estate analysis benchmarks.
Within a 3-mile radius, recent years show a slight population contraction alongside a small increase in households, suggesting smaller household sizes and steady rental demand. Forward-looking data point to population growth and a meaningful increase in households over the next five years, expanding the local renter pool and supporting occupancy stability and leasing velocity.
Neighborhood safety indicators are mixed relative to the region and nation. Compared with other areas nationwide, the neighborhood sits below the middle of the pack on safety, while within the Oakland–Berkeley–Livermore metro it ranks in the lower half among 469 neighborhoods. Property and violent offense rates benchmark near the national middle, and recent year-over-year changes suggest some volatility, so investors should underwrite to active security, lighting, and community management and monitor trends over time.
Proximity to major East Bay and San Francisco corporate nodes underpins a broad white-collar employment base and commute convenience, supporting renter demand and retention. Key nearby employers include Chevron, Clorox, Ross Stores, Ryder, and Gap.
- Chevron — energy HQ (13.9 miles) — HQ
- Clorox — consumer products HQ (16.5 miles) — HQ
- Ross Stores — retail HQ (18.4 miles) — HQ
- Ryder — logistics (21.1 miles)
- Gap — apparel HQ (22.4 miles) — HQ
2055 Fox Way offers exposure to a Bay Area renter base with neighborhood occupancy in the top quartile nationally and a high share of renter-occupied units, supporting depth of demand and lease-up resilience. Elevated neighborhood home values relative to incomes point to a high-cost ownership market that tends to sustain multifamily reliance and pricing power for well-operated assets. According to CRE market data from WDSuite, local rent levels and occupancy outpace many U.S. neighborhoods, while 3-mile forecasts indicate population growth and a notable increase in households, expanding the tenant pool and supporting long-term cash flow stability.
Constructed in 1984, the property is newer than the area’s average vintage, suggesting relative competitiveness versus older stock. Targeted capital to modernize interiors, common areas, and building systems can unlock value-add upside. Risks to underwrite include affordability pressure (elevated rent-to-income in the neighborhood), uneven school scores, and safety metrics that trail stronger East Bay locales; active asset management and thoughtful resident services can help mitigate these factors.
- Strong neighborhood occupancy and high renter concentration support demand stability
- High-cost ownership market reinforces renter reliance and pricing power
- 1984 vintage offers competitive positioning with value-add modernization potential
- 3-mile forecasts show population and household growth, expanding the renter pool
- Risks: affordability pressure, weaker school ratings, and safety metrics require active management