| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 32nd | Poor |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2700 Tuolumne St, Vallejo, CA, 94589, US |
| Region / Metro | Vallejo |
| Year of Construction | 1977 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2700 Tuolumne St, Vallejo Multifamily Investment
Neighborhood renter concentration and strong income performance point to a durable tenant base, according to WDSuite’s CRE market data.
Neighborhood dynamics and livability
The property sits in an Inner Suburb pocket of Vallejo with mixed livability signals for renters. Dining density is comparatively strong (restaurants rank in the upper range locally and above most neighborhoods nationally), while everyday amenities like groceries, parks, and pharmacies are thinner within the immediate neighborhood. For investors, this suggests convenience anchored by eateries with potential reliance on nearby corridors for daily needs.
From an investment perspective, the neighborhood’s net operating income per unit ranks among the top performers in Vallejo and in the top quartile nationally, pointing to competitive income potential versus peer submarkets. Neighborhood occupancy is modestly above the national median but sits below the metro median, indicating stable baseline demand with room for operational execution to drive leasing performance.
Tenure patterns show a higher share of renter-occupied units at the neighborhood level, which supports depth of the local tenant base and can aid leasing velocity. Elevated home values and a high value-to-income ratio in this part of Solano County indicate a high-cost ownership market, which generally sustains multifamily demand and can support pricing power while requiring thoughtful lease management as rent-to-income ratios trend higher.
Demographics within a 3-mile radius
Demographic statistics aggregated within a 3-mile radius point to steady population growth with households trending upward and average household size easing slightly. Rising median and mean household incomes in the area expand the potential renter pool for quality units and support rent levels over time.
Forward-looking projections indicate continued increases in households and incomes through the next five years, implying a larger tenant base and supporting occupancy stability. These trends, based on commercial real estate analysis from WDSuite, align with sustained renter demand even as some households transition toward ownership.
Safety context
Relative to other Vallejo neighborhoods (98 total), this area tracks below the metro average on safety metrics and sits in the lower national percentiles for safety. For multifamily operators, that context typically calls for pragmatic on-site measures such as lighting, access controls, and resident communication to support retention and day-to-day operations.
Recent data also show mixed short-term trends, with property-related incidents easing while violent incident measures have shown volatility. Investors should underwrite modest security costs and consider how professional management practices can help maintain leasing and resident experience.
The location participates in the broader Bay Area commute-shed, with access to major corporate employers that support renter demand and lease retention for workforce and professional tenants. Nearby employment anchors include consumer goods, technology, and financial services firms listed below.
- Clorox — consumer goods (23.1 miles) — HQ
- Salesforce.com — software & cloud (25.0 miles) — HQ
- Ameriprise Financial — financial services (25.1 miles)
- AIG — insurance (25.1 miles)
- Gap — apparel & retail (25.1 miles) — HQ
Investment thesis
This 76-unit asset in Vallejo’s Inner Suburb benefits from a renter-leaning neighborhood profile and competitive income performance among local peers. Elevated ownership costs in the surrounding area reinforce renter reliance on multifamily housing, and neighborhood occupancy sits slightly above national norms even if below the metro median. According to CRE market data from WDSuite, income performance in this neighborhood ranks among the strongest locally, underscoring the potential for durable cash flow with disciplined operations.
Within a 3-mile radius, steady population growth, rising household counts, and higher incomes expand the potential renter base and support leasing durability. Amenity density is uneven locally, and safety metrics trail the metro average, so underwriting should account for targeted capital and management to support retention while capturing demand driven by a high-cost ownership market.
- Renter-occupied concentration in the neighborhood supports a deeper tenant base and leasing velocity.
- Top-tier neighborhood NOI performance signals competitive income potential versus area comps.
- 3-mile household and income growth trends broaden the renter pool and support occupancy stability.
- Elevated ownership costs in the area sustain multifamily demand and pricing power.
- Risks: below-metro safety metrics, uneven amenity access, and affordability pressure require proactive management.