| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 32nd | Fair |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 544 Eastwood Ave, Manteca, CA, 95336, US |
| Region / Metro | Manteca |
| Year of Construction | 1984 |
| Units | 83 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
544 Eastwood Ave Manteca Multifamily Investment
This 83-unit property built in 1984 benefits from strong neighborhood amenity access and stable rental demand fundamentals. Commercial real estate analysis indicates the area ranks in the top quartile nationally for amenities and childcare accessibility.
The property sits in an A- rated inner suburb neighborhood that ranks 34th among 179 metro neighborhoods, demonstrating above-average performance across key livability metrics. Built in 1984, this asset aligns with the area's average construction vintage of 1969, positioning it as a moderately newer property that may require less immediate capital expenditure compared to older neighborhood stock.
Amenity density supports tenant retention with the neighborhood ranking 15th metro-wide for overall amenity access, placing it in the 76th national percentile. Residents benefit from 2.25 childcare facilities per square mile (94th national percentile) and 3.38 parks per square mile (97th national percentile). Restaurant density at 10.14 per square mile ranks 31st metro-wide, while grocery access remains solid at 2.25 stores per square mile.
Rental market fundamentals show neighborhood-level occupancy at 92.1%, with 40.6% of housing units occupied by renters. Demographics within a 3-mile radius reveal a population of approximately 66,700 with median household income of $89,463. Forecasted data suggests household growth of 44.2% by 2028, potentially expanding the local renter pool and supporting sustained demand for multifamily housing.
Median contract rent in the neighborhood stands at $1,326, ranking 98th metro-wide, while the broader 3-mile area shows higher rents at $1,548. This rent differential may indicate pricing upside potential or reflect unit mix variations. Home values averaging $440,293 with strong appreciation trends can help sustain rental demand as elevated ownership costs keep households in the rental market longer.
Safety metrics show mixed performance relative to the broader metro area. The neighborhood ranks 123rd among 179 metro neighborhoods for overall crime, placing it in the 26th national percentile. Property offense rates estimate 220.4 incidents per 100,000 residents annually, ranking 41st metro-wide (54th national percentile), while violent crime rates are lower at 35.9 per 100,000 residents, ranking 55th metro-wide.
Investors should note significant year-over-year increases in reported crime statistics, though these may reflect changes in reporting methodology or data collection rather than actual crime trends. Property management teams typically implement standard security measures and tenant screening protocols to maintain a stable resident base in suburban multifamily properties.
The property benefits from proximity to several major corporate employers that support local workforce housing demand, including consumer goods and retail headquarters within commuting distance.
- Clorox — consumer products (3.6 miles)
- Ross Stores — retail headquarters (37.2 miles) — HQ
- The Clorox Company — consumer products (38.3 miles)
- Chevron — energy headquarters (40.4 miles) — HQ
This 83-unit property offers exposure to a growing suburban rental market with solid demographic tailwinds. According to CRE market data from WDSuite, the neighborhood maintains 92.1% occupancy while benefiting from strong amenity access that ranks in the top quartile nationally. The 1984 construction vintage provides a balance between modern appeal and potential value-add opportunities through selective unit renovations or common area improvements.
Projected household growth of 44.2% by 2028 within the 3-mile radius indicates expanding rental demand, while current rent levels may offer upside potential given the broader area's higher median rents. The property's location in an inner suburb provides workforce housing for nearby employment centers while maintaining the lifestyle appeal that supports tenant retention in suburban multifamily assets.
- Strong amenity access ranking in top quartile nationally supports tenant retention
- Projected 44.2% household growth by 2028 expands potential renter pool
- 1984 vintage allows for value-add renovations while avoiding major capital expenditures
- Neighborhood occupancy at 92.1% indicates stable rental demand fundamentals
- Risk: Crime metrics rank below metro average, requiring active property management and security measures