| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 72nd | Good |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1425 Oregon St, Berkeley, CA, 94702, US |
| Region / Metro | Berkeley |
| Year of Construction | 1974 |
| Units | 61 |
| Transaction Date | 2006-11-15 |
| Transaction Price | $4,000,000 |
| Buyer | OREGON PARK SENIOR APARTMENTS |
| Seller | PARKER STREET FOUNDATION |
1425 Oregon St Berkeley Multifamily Investment
Neighborhood fundamentals point to durable renter demand in a high-cost ownership market, according to WDSuite’s CRE market data. Strong amenities and a sizable regional renter base support leasing durability for well-positioned assets.
Situated in Berkeley’s Urban Core, the property benefits from a neighborhood rated A- (ranked 92 of 469 metro neighborhoods), making it competitive among Oakland-Berkeley-Livermore neighborhoods and top quartile nationally on several lifestyle metrics. Grocery and park access are standouts, each in the 99th percentile nationwide, with restaurants and cafes also testing the 90th-plus percentiles—an amenity profile that supports renter retention.
Local schools average 4.0 out of 5 and rank 82 of 469 metro neighborhoods, placing education quality in the top quartile nationally—often correlated with stable family renter demand. Median contract rents in the neighborhood sit above national norms, while rent-to-income levels indicate manageable affordability pressures, which can support lease stability when combined with quality operations.
Tenure patterns signal depth for multifamily: at the neighborhood level, about 47% of housing units are renter-occupied, while within a 3-mile radius the renter-occupied share is higher (about 61%), indicating a larger tenant pool for assets serving a range of price points. For investors prioritizing multifamily property research, this split suggests both near-neighborhood stability and broader catchment demand for units.
Occupancy at the neighborhood level trends below national benchmarks, reflecting some softness that places a premium on property-specific management, renovation strategy, and competitive positioning. At the same time, elevated home values—near the top of national distributions—characterize a high-cost ownership market, which tends to sustain reliance on rental housing and support pricing power for well-run communities.
Safety indicators for the neighborhood track below both metro and national averages. Based on comparative ranks, the area trends below metro median (ranked in the lower tier among 469 metro neighborhoods) and lands in low national percentiles, indicating higher reported crime relative to many U.S. neighborhoods.
Year-over-year signals point to a recent uptick in reported violent offenses alongside elevated property offense rates. For investors, prudent measures such as security enhancements, lighting, access controls, and resident engagement can help mitigate risk and support retention; underwriting should reflect these dynamics and the potential for variability across blocks and time.
Proximity to major Bay Area employers underpins commuter convenience and broadens the renter base. Nearby corporate anchors include Clorox, Gap, AIG, Salesforce, and Charles Schwab—diversified sectors that can support leasing stability for workforce and professional tenants.
- Clorox — consumer products, HQ (3.66 miles)
- Gap — apparel retail, HQ (7.53 miles)
- Aig — insurance services (7.55 miles)
- Salesforce.com — enterprise software, HQ (7.58 miles)
- Charles Schwab — financial services, HQ (7.61 miles)
Constructed in 1974, the 61-unit asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older inventory while leaving room for targeted system upgrades or value-add renovations to strengthen positioning. Elevated home values in the neighborhood and across the metro reinforce renter reliance on multifamily housing, and, according to commercial real estate analysis from WDSuite, amenity-rich surroundings (parks, groceries, and dining density) support renter demand and retention.
Investor focus should balance these strengths against neighborhood-level softness in occupancy and below-average safety indicators, which place a premium on disciplined operations, security enhancements, and thoughtful capital programs. The broader 3-mile area shows growth in population and households with rising incomes, expanding the tenant base and supporting long-run absorption for well-managed properties.
- Newer vintage (1974) relative to neighborhood stock supports competitive positioning with room for value-add
- High-cost ownership market sustains rental demand and pricing power for well-run assets
- Amenity density (parks, groceries, dining) bolsters renter appeal and retention
- Expanding 3-mile renter pool with rising incomes supports occupancy stability over time
- Risks: softer neighborhood occupancy and below-average safety require strong management and targeted security investments