| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 88th | Best |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1385 Shattuck Ave, Berkeley, CA, 94709, US |
| Region / Metro | Berkeley |
| Year of Construction | 1992 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1385 Shattuck Ave Berkeley Multifamily Investment
High-cost homeownership in Berkeley and an educated renter base support durable multifamily demand, according to WDSuite’s CRE market data. Neighborhood NOI per unit trends are strong relative to peers, suggesting pricing power where operations are well executed.
Positioned in Berkeley’s Urban Core, the property benefits from amenity density that outperforms much of the nation: grocery and restaurant concentrations are strong (both in the 90th-plus national percentiles), and parks access ranks among the highest nationally. This supports walkable living and reduces car dependence—appealing to knowledge-economy renters.
Ownership costs are elevated in the neighborhood (home values sit near the top of national distributions), which typically sustains reliance on rental housing and can aid lease retention. At the same time, the rent-to-income profile indicates manageable affordability pressure for many households, helping stabilize collections and renewals.
Within a 3-mile radius, demographics point to a deep and affluent renter pool: the area shows growth in population and households over the past five years, with additional household gains projected through 2028. A sizable share of units are renter-occupied locally, indicating depth for multifamily leasing and turnover absorption. These dynamics, paired with neighborhood NOI per unit performance in the top percentiles nationally, are constructive for long-term income durability.
Operationally, neighborhood occupancy trends are roughly in line with national patterns and have softened modestly in recent years, so disciplined leasing and renewal management remain important. Daily-needs coverage is generally strong; however, certain services (like pharmacies and childcare) are less concentrated nearby, which may influence specific tenant segments.
Safety conditions in this part of Berkeley are below the national median, with property crime elevated and violent incidents trending higher year over year. Compared with other neighborhoods in the Oakland–Berkeley–Livermore metro, the area performs below metro averages on safety metrics.
For investors, this typically warrants pragmatic on-site measures—lighting, controlled access, and resident engagement—to support retention and minimize loss-to-lease risk. Monitoring citywide and neighborhood trends over multiple periods is advisable to separate short-term volatility from structural shifts.
Proximity to major corporate offices underpins renter demand through short commutes and role diversity across consumer goods, apparel, financial services, and technology. Nearby anchors include Clorox, Gap, AIG, Salesforce, and Charles Schwab.
- Clorox — consumer goods HQ (5.4 miles) — HQ
- Gap — apparel retail HQ (9.2 miles) — HQ
- Aig — insurance offices (9.2 miles)
- Salesforce.com — software HQ (9.2 miles) — HQ
- Charles Schwab — financial services HQ (9.3 miles) — HQ
1385 Shattuck Ave offers exposure to Berkeley’s high-demand rental base, where elevated ownership costs and strong household incomes support leasing fundamentals. Based on CRE market data from WDSuite, neighborhood NOI per unit performance ranks among the best nationally, while amenity and park access are outsized relative to national norms—favorable for retention and pricing. Neighborhood occupancy is around national levels but has eased in recent years, reinforcing the need for active renewal management.
Built in 1992, the asset is newer than much of the local housing stock, which skews prewar. That vintage generally competes well against older alternatives while leaving room for targeted modernization (systems, common areas, curb appeal) to capture additional rent and reduce downtime. The broader 3-mile area shows population and household growth with further household increases projected, indicating an expanding tenant base to support long-term cash flow.
- High-cost ownership market reinforces renter reliance and supports lease retention
- Strong amenity and park access boosts livability and tenant appeal
- 1992 construction offers competitive positioning with value-add modernization potential
- Expanding 3-mile renter pool and income growth support long-term demand
- Risk: safety metrics below metro averages and recent occupancy softening require proactive operations