| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 89th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1800 San Pablo Ave, Berkeley, CA, 94702, US |
| Region / Metro | Berkeley |
| Year of Construction | 2011 |
| Units | 51 |
| Transaction Date | 1995-12-26 |
| Transaction Price | $379,818 |
| Buyer | ADELI NADJAFI SAID |
| Seller | NABETA HISAKO |
1800 San Pablo Ave Berkeley Multifamily Investment
Stabilized renter demand in Berkeley supported by an A+ neighborhood profile and low-90s neighborhood occupancy points to durable leasing, according to WDSuite s CRE market data.
Located in Berkeley s Urban Core, the property sits within one of the metro s strongest neighborhoods (ranked 7 of 469, A+ rating). Amenity access is a clear differentiator: the area is competitive among Oakland-Berkeley-Livermore neighborhoods for overall amenities (rank 11 of 469) and falls in the top quartile nationally, with high density of cafes and grocery options (both above 90th percentile nationwide). Average school ratings are a standout ranked 1 of 469 in the metro and in the 100th percentile nationally a factor that can support family-oriented renter retention.
The local housing stock skews older (average vintage 1943), positioning a 2011 asset as comparatively newer and more competitive versus nearby inventory. That generally means stronger curb appeal and in-place finishes, though investors should still plan for periodic modernization of systems as the asset ages.
Tenure patterns indicate a meaningful renter base. Within the neighborhood, 42.8% of housing units are renter-occupied a renter concentration that supports depth of demand for multifamily. At the 3-mile radius, renters account for an even larger share of occupied housing, reinforcing a broad tenant pool for leasing and renewals.
Demographic statistics aggregated within a 3-mile radius show modest population growth in recent years and an increase in households, with forecasts pointing to additional household gains and smaller average household sizes. For investors, that combination suggests a larger tenant base and continued demand for professionally managed apartments, with unit mix and common-area programming remaining relevant to capture lease-up and renewals.
Ownership costs in this submarket are elevated (home values in the 98th percentile nationally). In practice, a high-cost ownership market tends to reinforce reliance on rental housing, which can support pricing power and lease retention for well-maintained assets. Median contract rents trend above national norms yet remain manageable relative to household incomes in the area, implying that affordability pressure is a leasing-management consideration rather than an acute risk at present.
Safety indicators for the neighborhood are mixed and trend-sensitive. Compared with national benchmarks, recent readings place the area below national percentiles for both violent and property offenses, and the neighborhood ranks near the lower end among 469 metro neighborhoods for safety signaling elevated incidence relative to regional peers. Recent-year data also show volatility, with an uptick in reported offenses.
For investors, the takeaway is to underwrite practical measures such as lighting, access control, package management, and community engagement. These steps can help support resident satisfaction and retention even where broader city trends pressure reported crime statistics.
The location draws on a diversified white-collar employment base, with several headquarters and major corporate offices within single-digit miles a dynamic that supports commuter convenience and steady renter demand from professionals working nearby. Employers highlighted below match the immediate commuter shed referenced here.
- Clorox consumer products HQ (4.8 miles) HQ
- AIG insurance (7.7 miles)
- Gap retail apparel HQ (7.7 miles) HQ
- Salesforce.com enterprise software HQ (7.7 miles) HQ
- PG&E Corp. utilities HQ (7.9 miles) HQ
Built in 2011 with an average unit size around 1,152 square feet across 51 units, the property offers larger floorplans than many Urban Core peers and stands newer than the neighborhood s predominantly pre-war stock. That relative vintage advantage can support occupancy stability and rent positioning, while still warranting planning for routine system updates over the hold. Neighborhood occupancy sits in the low-90s and has edged up over five years, and high home values in the area strengthen renter reliance on multifamily housing all consistent with trends observed in WDSuite s commercial real estate analysis.
Within a 3-mile radius, population and household counts have grown, with forecasts indicating further household gains and smaller household sizes signals of a broadening tenant base and steady demand for well-managed apartments. Neighborhood renter-occupied share and strong school ratings further support retention prospects, while investors should underwrite to localized safety trends and routine affordability management (rent-to-income) to sustain leasing velocity.
- 2011 construction and larger floorplans provide a competitive edge versus older nearby stock
- Low-90s neighborhood occupancy with gradual improvement supports income stability
- High-cost ownership market reinforces renter demand and renewal potential
- 3-mile demographics point to renter pool expansion as households grow and sizes shrink
- Risks: elevated city-reported crime and affordability management require active operations