| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 49th | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1975 Sereno Dr, Vallejo, CA, 94589, US |
| Region / Metro | Vallejo |
| Year of Construction | 1973 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1975 Sereno Dr Vallejo Multifamily Investment
Neighborhood occupancy is strong and has trended upward, supporting cash flow durability; according to WDSuite s CRE market data, elevated ownership costs in Vallejo continue to channel demand toward rentals.
This Inner Suburb location in Vallejo offers day-to-day convenience with solid grocery and dining access relative to the metro, while cafes, parks, and pharmacies are less concentrated nearby. The area s neighborhood rating of B signals balanced fundamentals for workforce housing, with local amenities that support leasing yet limited lifestyle frills.
Occupancy in the surrounding neighborhood is competitive among Vallejo neighborhoods (ranked against 98 total) and sits in the top quartile nationally, indicating steady renter demand and lower downtime risk, based on CRE market data from WDSuite. Within a 3-mile radius, a sizeable share of housing units are renter-occupied, providing a deeper tenant base and supporting leasing velocity and renewal prospects.
Ownership remains a high-cost proposition locally relative to incomes, and home values sit well above national norms. This high-cost ownership market tends to sustain reliance on multifamily rentals and can aid pricing power, while the neighborhood s rent-to-income levels point to manageable affordability pressure that supports retention.
Demographic statistics aggregated within a 3-mile radius show modest population growth and an increase in households over the last five years, with forecasts calling for additional household and income gains through 2028. These trends expand the prospective renter pool, which can support occupancy stability and future rent roll performance, even as school quality across the neighborhood tracks below metro and national averages.
Safety metrics in this neighborhood track below both metro and national benchmarks. The area ranks in the less-safe cohort within the Vallejo metro (92 out of 98 neighborhoods) and sits in a low national percentile for violent offenses; investors typically account for this with prudent on-site security, resident screening, and partnership with professional management.
Regional employment access is driven by major Bay Area corporate hubs within commuting distance, which supports workforce renter demand and lease retention for Vallejo assets. Featured employers include Clorox, Salesforce, Gap, PG&E, and Wells Fargo.
- Clorox corporate offices (22.5 miles) HQ
- Salesforce.com software & cloud (24.7 miles) HQ
- Gap apparel retail corporate (24.8 miles) HQ
- PG&E Corp. utilities corporate (24.9 miles) HQ
- Wells Fargo banking corporate (24.9 miles) HQ
1975 Sereno Dr is a 64-unit 1973 vintage asset positioned to capture durable renter demand in a high-cost ownership market. The property s vintage is slightly newer than the neighborhood s average stock, offering relative competitiveness versus older buildings while leaving room for targeted modernization to improve operations and renter appeal. According to CRE market data from WDSuite, neighborhood occupancy trends are strong and nationally competitive, which supports income stability.
Within a 3-mile radius, recent and projected gains in households and incomes expand the renter base, while elevated home values reinforce reliance on multifamily housing. Rent-to-income levels suggest manageable affordability pressure that can aid renewal rates, though underwriting should reflect localized safety and school-quality considerations as part of leasing strategy and capital planning.
- Strong neighborhood occupancy and competitive standing in metro rankings support cash flow stability
- High-cost ownership market bolsters renter demand and pricing power for quality units
- 1973 vintage offers value-add potential via selective renovations and system upgrades
- 3-mile household and income growth expands the tenant base and supports lease retention
- Risks: below-average neighborhood safety and school ratings warrant prudent management and underwriting cushions