| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 25th | Poor |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2161 Crestview Dr, Pittsburg, CA, 94565, US |
| Region / Metro | Pittsburg |
| Year of Construction | 1998 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2161 Crestview Dr Pittsburg Multifamily Investment
This 76-unit property benefits from strong neighborhood-level occupancy at 96.1% and elevated home values that sustain rental demand, according to WDSuite's CRE market data.
The Pittsburg neighborhood demonstrates solid fundamentals for multifamily investors, ranking above metro median among 469 Oakland-Berkeley-Livermore neighborhoods for housing metrics. With 46.7% of housing units renter-occupied, the area maintains a strong tenant base that supports consistent rental demand. Neighborhood-level occupancy trends show stability at 96.1%, indicating effective absorption and tenant retention in the local market.
Built in 1998, this property is significantly newer than the neighborhood's average construction year of 1968, positioning it competitively with reduced near-term capital expenditure needs compared to older area stock. The 3-mile demographic radius shows household growth of 11.6% over five years, with population expanding 14.4% to over 67,000 residents, supporting an expanding renter pool for multifamily properties.
Home values averaging $495,897 reflect elevated ownership costs that reinforce rental demand, particularly as the value-to-income ratio ranks in the 91st percentile nationally. Median household income of $91,530 within the 3-mile radius provides a stable tenant base, while projected rent growth to $2,320 by 2028 suggests continued pricing power. The neighborhood's restaurant density and grocery access support tenant appeal, though limited recreational amenities may affect long-term retention considerations.
The neighborhood's safety profile shows moderate conditions relative to the broader Oakland-Berkeley-Livermore metro area. Property crime rates rank 241st of 469 neighborhoods, placing it near the middle of regional performance, while showing improvement with a 24.1% decrease in property offenses over the past year. This downward trend in property crime provides a positive indicator for tenant retention and leasing stability.
Violent crime rates remain relatively contained, ranking 188th of 469 metro neighborhoods, though investors should note a modest 6.1% increase in violent offenses over the past year. Overall crime conditions rank at the 49th percentile nationally, indicating average safety performance compared to neighborhoods across the country. These metrics suggest standard due diligence and security considerations typical for urban core multifamily investments.
The employment base draws from major Bay Area corporate headquarters and offices within commuting distance, supporting workforce housing demand for the property's tenant profile.
- Chevron — energy sector (18.1 miles) — HQ
- Ross Stores — retail corporate offices (21.0 miles) — HQ
- The Clorox Company — consumer goods (22.2 miles)
- Clorox — consumer products (25.3 miles) — HQ
- Ryder — logistics & transportation (28.0 miles)
This 76-unit Pittsburg property offers multifamily investors exposure to stable neighborhood-level occupancy at 96.1% and a substantial renter-occupied housing base of 46.7%, indicating consistent demand fundamentals. The 1998 construction year provides competitive positioning against the area's older building stock while minimizing immediate capital expenditure requirements. Growing demographics within a 3-mile radius show household expansion of 11.6% and population growth of 14.4%, supporting tenant pool expansion through 2028.
Elevated home values averaging $495,897 sustain rental demand by limiting ownership accessibility, while projected rent growth to $2,320 suggests continued pricing power according to CRE market data from WDSuite. The property benefits from proximity to major Bay Area employers including Chevron and Ross Stores headquarters, providing workforce housing appeal for commuting professionals.
- Strong neighborhood occupancy at 96.1% indicates stable absorption and tenant retention
- 1998 construction provides competitive advantage over neighborhood's 1968 average vintage
- Household growth of 11.6% supports expanding renter pool through forecast period
- High home values reinforce rental demand by limiting ownership accessibility
- Risk consideration: Limited recreational amenities may affect long-term tenant retention