| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 47th | Poor |
| Amenities | 33rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 30 Castlewood Dr, Pittsburg, CA, 94565, US |
| Region / Metro | Pittsburg |
| Year of Construction | 2003 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
30 Castlewood Dr Pittsburg CA Multifamily Investment
Neighborhood occupancy is strong and the 2003 vintage positions this 88-unit asset as competitively newer than much of the local stock, according to WDSuite’s CRE market data. Expect steady renter demand in an inner-suburban location with access to East Bay employment centers.
Located in Pittsburg’s inner-suburban fabric of the Oakland–Berkeley–Livermore metro, the neighborhood shows high occupancy and a renter-occupied concentration that is above the metro median (rank 115 out of 469 neighborhoods). For investors, that signals a deeper tenant base and supports leasing stability relative to more ownership-heavy areas.
The property’s 2003 construction contrasts with a local average vintage from 1959 (rank 356 of 469), giving it an edge versus older stock. Newer construction generally reduces near-term capital planning risk and can help competitiveness, though investors should still underwrite typical mid-life system updates and potential modernization for repositioning.
Within a 3-mile radius, population and household counts have grown over the past five years, with additional gains projected through 2028. This trajectory points to renter pool expansion and supports occupancy stability and lease-up resilience for multifamily assets.
Local cost dynamics favor rentals: neighborhood median contract rents trend high relative to national benchmarks (92nd percentile), while rent-to-income sits comparatively lower (10th percentile nationwide). Together, that suggests pricing power with manageable affordability pressure, which can aid retention and reduce turnover risk. Elevated home values (90th percentile nationally) indicate a high-cost ownership market—conditions that tend to sustain multifamily demand rather than divert it to for-sale options.
Amenities are serviceable but uneven: cafes and groceries are present at competitive levels for the area, while parks and pharmacies are comparatively limited. School ratings trend below national medians, which may modestly narrow the appeal to some family renters; however, strong neighborhood occupancy offsets part of this risk in underwriting.
Safety indicators are mixed in a way investors should contextualize. Nationally, the neighborhood compares favorably, landing above the midpoint for violent and property offense measures (around the mid-to-high percentiles nationwide). Within the Oakland–Berkeley–Livermore metro, however, its rank of 116 out of 469 neighborhoods indicates crime levels that are higher than many peers in the region.
Trendwise, both violent and property offense rates have declined year over year, with improvement that places the neighborhood above national averages for rate reductions. For investors, this suggests directional progress while still warranting prudent security measures and asset management practices appropriate for the submarket context.
Proximity to major East Bay and Bay Area employers underpins renter demand with commute access to corporate headquarters and regional offices. Employers below represent a diversified base in energy, retail, logistics, and manufacturing that can support leasing durability.
- Chevron — energy (16.7 miles) — HQ
- Ross Stores — retail headquarters (19.7 miles) — HQ
- Clorox — consumer products (24.2 miles) — HQ
- Ryder — logistics & transportation (26.7 miles)
- Caterpillar — industrial/manufacturing offices (28.0 miles)
This 88-unit, 2003-vintage asset benefits from strong neighborhood occupancy and a renter base that is above the metro median, supporting demand depth and lease stability. Newer construction relative to the 1950s neighborhood average positions the property competitively against older stock while leaving room for targeted value-add through modern finishes and systems updates. Based on CRE market data from WDSuite, rents benchmark high versus national levels yet appear supported by income, which can aid retention and sustain pricing discipline.
Within a 3-mile radius, population and households have grown and are projected to expand further, indicating a larger tenant base over time. Elevated home values in the area point to a high-cost ownership market that typically reinforces reliance on multifamily housing, while access to regional employers supports occupancy durability. Risks to underwrite include comparatively weaker school ratings, uneven amenity depth, and safety that, while improving, ranks below many metro peers.
- High neighborhood occupancy and above-median renter concentration support steady leasing
- 2003 vintage is newer than local average, reducing near-term capex relative to older stock
- Income-supported rent levels and high-cost ownership market sustain multifamily demand
- 3-mile population and household growth expand the tenant base, aiding occupancy stability
- Risks: below-average school ratings, limited parks/pharmacies, and metro-relative safety rank