| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 81st | Best |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1801 Shattuck Ave, Berkeley, CA, 94709, US |
| Region / Metro | Berkeley |
| Year of Construction | 2008 |
| Units | 32 |
| Transaction Date | 2008-02-04 |
| Transaction Price | $19,115,000 |
| Buyer | GEDR HILLSIDE LLC |
| Seller | CLPF HILLSIDE VILLAGE LP |
1801 Shattuck Ave Berkeley Multifamily Investment
2008 vintage in an Urban Core setting positions this 32-unit asset competitively against older neighborhood stock while tapping into a deep renter base. Based on CRE market data from WDSuite, neighborhood metrics point to durable renter demand, with ownership costs that tend to sustain multifamily leasing.
Located in Berkeley s Urban Core, the property benefits from a high-amenity environment and strong educational anchors. Amenity access is competitive among Oakland-Berkeley-Livermore neighborhoods (ranked 161 out of 469), with restaurant density in the top quartile nationally and cafes near the top of national distributions. Average school ratings are among the strongest locally (ranked 1 out of 469) and compare favorably nationwide, a local strength that supports family-oriented renter retention.
Relative to the metro, the neighborhood skews newer at the property level: the subject s 2008 construction stands out versus a neighborhood average build year of 1940, suggesting a competitive edge on unit layouts, systems, and curb appeal compared with older stock. Investors should still plan for mid-life systems updates consistent with a 2008 vintage over a longer hold.
Neighborhood rents sit on the higher end nationally, and income levels are also elevated, according to WDSuite s CRE market data. The neighborhood s renter-occupied share is high (65.2% of housing units), indicating a deep tenant base and demand depth for multifamily leasing. Occupancy in the neighborhood is measured at the neighborhood level, not at the property; recent readings indicate softer levels than many peer areas, which argues for careful lease management and marketing to sustain stabilization.
Within a 3-mile radius, demographics show population and household growth with a meaningful share of higher-income households, expanding the prospective renter pool. Elevated home values in this area reflect a high-cost ownership market, which typically sustains rental demand and supports pricing power, while rent-to-income levels suggest some affordability pressure that owners should monitor for renewal and lease-up strategies.
Safety trends reflect an urban environment with below-average safety compared to many U.S. neighborhoods. Within the Oakland-Berkeley-Livermore metro, the neighborhood s crime rank is toward the weaker end (438 out of 469), while national positioning sits in lower percentiles. Recent data do show a year-over-year improvement in property offenses, which is constructive, but investors should underwrite with prudent assumptions and consider standard security, lighting, and access controls typical for Urban Core assets.
Proximity to established corporate employers supports commuter convenience and broad white-collar renter demand. Nearby anchors include Clorox, AIG, Gap, Salesforce, and Charles Schwab.
- Clorox corporate offices (4.9 miles) HQ
- Aig corporate offices (8.9 miles)
- Gap corporate offices (8.9 miles) HQ
- Salesforce.com corporate offices (8.9 miles) HQ
- Charles Schwab corporate offices (8.9 miles)
The 2008 construction differentiates this asset in a neighborhood where many buildings are prewar, offering a relative edge on unit efficiency and contemporary systems. Renter concentration in the surrounding area is high, and within a 3-mile radius, population and household counts are growing, pointing to a larger tenant base over time. Elevated home values in this high-cost ownership market typically reinforce reliance on multifamily housing, supporting lease-up and renewal stability. According to CRE market data from WDSuite, neighborhood occupancy has moderated, suggesting the need for attentive leasing tactics but not undermining longer-term demand fundamentals.
Investors should weigh Urban Core safety considerations and near-term occupancy softness against strong amenities, top-tier schools, and proximity to major employment centers. Mid-cycle CapEx planning is advisable for a 2008 vintage to preserve competitive positioning over the hold period.
- 2008 vintage offers competitive positioning versus older neighborhood stock; plan mid-life systems updates over time.
- High renter-occupied share and growing 3-mile population/households support demand depth and occupancy stability.
- High-cost ownership market sustains renter reliance, aiding pricing power and renewal retention.
- Proximity to major employers underpins white-collar renter demand and commute convenience.
- Risks: Urban Core safety is below national norms and neighborhood occupancy has softened; underwrite leasing and security accordingly.