| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Poor |
| Demographics | 32nd | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 Redwood St, Vallejo, CA, 94590, US |
| Region / Metro | Vallejo |
| Year of Construction | 1996 |
| Units | 120 |
| Transaction Date | 1995-09-13 |
| Transaction Price | $1,950,000 |
| Buyer | REDWOOD SHORES SENIOR HOUSING INC |
| Seller | BRIDGE HOUSING CORP |
400 Redwood St, Vallejo CA Multifamily Opportunity
Neighborhood renter demand is supported by a high share of renter-occupied units and steady occupancy, according to WDSuite’s CRE market data. Positioned in an inner-suburb location, the asset benefits from amenity density that can aid leasing resilience through cycles.
Situated in Vallejo’s inner-suburban fabric, the neighborhood scores a B+ and is competitive among Vallejo neighborhoods (33rd of 98). Amenity access is a clear strength: grocery, pharmacy, restaurant, and cafe density ranks near the top of the metro, with national placement in the top quartile for everyday services—conditions that typically support leasing convenience and retention for multifamily assets.
Local renter concentration is high, with 66.5% of housing units renter-occupied (4th of 98), suggesting a deep tenant base for a 120-unit property. Neighborhood occupancy trends sit around the metro middle, indicating workable demand but requiring active leasing and renewal management to sustain stability.
Within a 3-mile radius, households have grown over the past five years and are projected to expand further by 2028, pointing to a larger tenant base and support for occupancy. Incomes have also moved higher alongside rent growth, which can sustain rent levels while still requiring attention to affordability management for retention.
The property’s 1996 vintage is newer than the neighborhood’s older housing stock (average vintage mid-1960s). That relative youth can enhance competitive positioning against older product, though investors should plan for modernization of interiors and building systems to capture value-add upside and keep pace with renter expectations. Based on commercial real estate analysis from WDSuite, strong amenity access and renter concentration are the primary local strengths; affordability sensitivity and average occupancy positioning are the key watch items.
Safety indicators for the neighborhood trail both metro and national benchmarks. Crime ranks near the bottom among 98 Vallejo metro neighborhoods, and national percentiles place the area below most neighborhoods nationwide. Recent year-over-year estimates point to elevated property and violent offense activity, underscoring the need for proactive security measures, lighting, and partnership with local resources to support resident comfort and retention.
Regional employment access is anchored by Bay Area corporate headquarters and major offices within commuting range, supporting renter demand from a diversified professional workforce. The list below highlights nearby employers that commonly contribute to leasing depth and renewal stability.
- Clorox — consumer products (22.1 miles) — HQ
- Salesforce.com — software (23.9 miles) — HQ
- Ameriprise Financial — financial services (24.0 miles)
- Aig — insurance (24.0 miles)
- Gap — apparel retail (24.0 miles) — HQ
400 Redwood St combines scale (120 units) with durable location fundamentals: high renter concentration, strong daily-need amenities, and commute access to large Bay Area employment nodes. The 1996 vintage is newer than much of the surrounding housing stock, offering competitive positioning with room for targeted renovations to drive rent premiums. According to CRE market data from WDSuite, neighborhood occupancy trends are around the metro middle, suggesting steady demand that benefits from active leasing and renewal management.
Investor considerations include affordability pressure—rent-to-income measures are elevated at the neighborhood level—and safety metrics that lag metro and national benchmarks. These risks can be managed with disciplined screening, resident services, and value-focused upgrades that enhance retention while maintaining pricing power consistent with local demand.
- Renter-heavy neighborhood and strong amenity density support tenant demand and retention.
- 1996 vintage offers competitive positioning versus older local stock with value-add modernization potential.
- Commutable access to major Bay Area employers underpins diversified renter pipelines.
- Watch items: neighborhood safety trails benchmarks and rent-to-income is elevated, requiring active lease and operations management.