| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 43rd | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3036 Willow Pass Rd, Concord, CA, 94519, US |
| Region / Metro | Concord |
| Year of Construction | 1980 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3036 Willow Pass Rd Concord Multifamily Investment
This 22-unit property benefits from neighborhood-level occupancy of 98.2% and strong rental demand fundamentals, according to CRE market data from WDSuite.
Located in Concord's inner suburb environment, this neighborhood demonstrates solid fundamentals for multifamily investors. The area ranks above metro median among 469 Oakland-Berkeley-Livermore neighborhoods for housing metrics, with neighborhood-level occupancy at 98.2% and median rents of $1,884. Demographics within a 3-mile radius show a stable tenant base with 43.8% of housing units renter-occupied, supporting consistent rental demand.
The property's 1980 construction year aligns with the neighborhood average of 1977, indicating consistent building stock that may present value-add opportunities through targeted renovations and unit upgrades. Household income growth of 47% over five years has outpaced rent increases, improving affordability dynamics for tenant retention and lease renewals.
Essential amenities support tenant appeal, with grocery stores ranking in the 95th percentile nationally for density and childcare facilities well-represented. The area's median home values of $798,000 reinforce rental demand as elevated ownership costs sustain renter reliance on multifamily housing. Forward-looking demographics project household growth of 35% through 2028, expanding the potential tenant base and supporting occupancy stability.
Safety metrics for this neighborhood show mixed trends that investors should monitor as part of their due diligence. Property crime rates rank near the metro median among 469 neighborhoods, while violent crime incidents remain relatively low at 33.3 per 100,000 residents. However, recent year-over-year increases in violent crime warrant attention for tenant retention and leasing considerations.
The neighborhood's overall crime profile ranks in the 38th percentile nationally, indicating room for improvement compared to other multifamily markets. Investors should factor these safety dynamics into security investments, tenant screening protocols, and property management strategies to maintain competitive positioning.
The broader East Bay employment corridor provides workforce housing opportunities, with major corporate headquarters within commuting distance supporting professional renter demand.
- Chevron — energy & petrochemicals (15.7 miles) — HQ
- Clorox — consumer products (18.4 miles) — HQ
- Ross Stores — retail corporate offices (20.0 miles) — HQ
- Gap — retail & apparel (24.1 miles) — HQ
- Salesforce — enterprise software (24.1 miles) — HQ
This 22-unit Concord property presents a compelling value-add opportunity in a neighborhood demonstrating strong occupancy fundamentals. The 98.2% neighborhood-level occupancy rate ranks in the 90th percentile nationally, while median household income growth of 47% over five years has improved affordability dynamics. The 1980 construction year offers renovation upside potential to capture stronger rents as the area benefits from projected household growth of 35% through 2028.
Commercial real estate analysis from WDSuite indicates this inner suburb location balances rental demand stability with value-add potential. High home values of $798,000 reinforce renter reliance on multifamily housing, while proximity to major East Bay employers supports professional tenant demand. The property's vintage and neighborhood positioning create opportunities for strategic capital improvements to enhance competitive positioning.
- Neighborhood occupancy of 98.2% ranks in 90th percentile nationally
- Household income growth of 47% improves tenant affordability metrics
- Projected 35% household growth through 2028 expands tenant base
- 1980 vintage offers value-add renovation opportunities
- Risk: Recent increases in violent crime require monitoring for tenant retention