1910 Berryman St Berkeley Multifamily Investment

The property sits in an Urban Core area of Berkeley with a neighborhood rating of A among 469 metro neighborhoods in the Oakland-Berkeley-Livermore metro, indicating overall strength. Amenity access is competitive among metro neighborhoods (rank 146 of 469), with cafes and restaurants concentrated at top-quartile levels nationally and strong park coverage. These fundamentals help support resident retention and day-to-day livability for a multifamily tenant base.

Local detail supports this livability narrative: cafe density ranks 87 of 469 metro neighborhoods and is around the 90th percentile nationally, grocery access ranks 109 of 469 and sits in the mid-90s percentile range, and parks rank 13 of 469 and around the 99th percentile nationally. While pharmacy and childcare options are relatively limited in the immediate neighborhood, nearby urban amenities and food access remain strong.

Within a 3-mile radius, demographics point to a sizable and economically resilient renter pool. Population and households have grown modestly over the past five years, and forecasts show further household expansion alongside smaller average household sizes — a combination that typically enlarges the renter base and supports occupancy stability. Median and upper-income household shares are high, which can underpin leasing power, while a majority of housing units are renter-occupied, indicating depth of tenant demand rather than owner-focus.

For context on housing dynamics, this neighborhood’s median home value ranks near the top of national distributions, reflecting a high-cost ownership market that tends to sustain reliance on multifamily housing and bolster pricing power for well-located properties. Rent-to-income levels in the neighborhood are manageable by national standards, suggesting balanced affordability pressure that can aid lease retention and reduce turnover risk.

Vintage also matters for competitiveness: the average construction year in the neighborhood skews older (rank 430 of 469), while this asset was built in 1972. That relative vintage positioning can provide an edge versus prewar stock, with investor implications centered on selective modernization and systems upgrades to improve unit appeal and operational efficiency without competing head-to-head with new construction.

Operationally, neighborhood occupancy ranks in the lower half of metro standings (430 of 469; around mid-range nationally). However, NOI per unit measured at the neighborhood level sits in the top percentiles nationally, according to WDSuite’s CRE market data, signaling that well-executed assets in this area have historically supported strong income profiles despite some occupancy variability.