| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 81st | Best |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1910 Oxford St, Berkeley, CA, 94704, US |
| Region / Metro | Berkeley |
| Year of Construction | 1998 |
| Units | 56 |
| Transaction Date | 2019-09-16 |
| Transaction Price | $31,395,500 |
| Buyer | STERLING BERKELEY OXFORD LP |
| Seller | EQR BERKELEYAN BERKELEY LP |
1910 Oxford St Berkeley Multifamily Investment
Neighborhood-level occupancy at 85.2% reflects stable tenant retention in Berkeley's urban core, where 65.2% of housing units are renter-occupied according to WDSuite's CRE market data.
This Berkeley neighborhood ranks among the top quartile of Bay Area neighborhoods for education and amenities, with schools averaging 5.0 out of 5 stars and above-average access to dining and retail. The area's 65.2% renter-occupied housing share reinforces consistent rental demand, while median home values exceeding $1.35 million maintain elevated ownership costs that sustain renter reliance on multifamily housing.
Built in 1998, the property represents newer construction compared to the neighborhood's 1940 average building vintage, potentially reducing near-term capital expenditure needs relative to older area stock. Demographic data aggregated within a 3-mile radius shows household growth of 3.8% over five years, with projected expansion to nearly 108,000 households by 2028, supporting an enlarged tenant base for multifamily properties.
Neighborhood-level occupancy at 85.2% has declined 6.3 percentage points over five years, requiring attention to lease management and renewal strategies. However, median contract rents of $2,048 have increased 28% over the same period, indicating pricing power despite occupancy pressures. The rent-to-income ratio of 0.30 suggests manageable affordability conditions for area renters.
The urban core location provides strong amenity density, ranking 19th among 469 metro neighborhoods for restaurant access and 46th for cafes per square mile. Limited park access represents a potential tenant amenity gap, though the walkable environment and proximity to UC Berkeley campus may offset recreational space limitations for the target renter demographic.
Safety metrics present mixed signals requiring careful tenant screening and property management attention. The neighborhood ranks 438th of 469 Bay Area neighborhoods for overall crime, placing it in the bottom quartile locally and at the 20th percentile nationally.
Property crime rates of approximately 7,056 incidents per 100,000 residents exceed typical metro averages, though these rates declined 10% year-over-year. Violent crime incidents increased 90% annually, reaching 642 per 100,000 residents. Investors should factor enhanced security measures and comprehensive tenant vetting into operational planning and budget considerations.
Major Bay Area employers within commuting distance provide diverse employment opportunities that support tenant demand, with several Fortune 500 headquarters anchoring the regional job market.
- Clorox — consumer goods (4.8 miles) — HQ
- Gap — retail & apparel (8.9 miles) — HQ
- Aig — insurance (8.9 miles)
- Salesforce.com — enterprise software (8.9 miles) — HQ
- Charles Schwab — financial services (9.0 miles) — HQ
Berkeley's urban core location combines strong educational infrastructure and high renter concentration with established employment proximity to major Bay Area employers. The 1998 construction year positions the asset with reduced near-term capital needs compared to the neighborhood's predominantly pre-war housing stock, while elevated home values sustain rental demand fundamentals.
Demographic projections show household growth within a 3-mile radius expanding the potential tenant base through 2028, though recent occupancy declines and safety concerns require active management attention. According to CRE market data from WDSuite, the neighborhood's 28% rent growth over five years demonstrates pricing power despite occupancy headwinds.
- Strong renter demographics with 65.2% of area housing units occupied by renters
- Newer 1998 construction reduces capital expenditure risk relative to 1940 neighborhood average
- Proximity to major employers including Clorox, Gap, and Salesforce headquarters
- Elevated home values above $1.35 million support rental market fundamentals
- Risk factors include declining occupancy trends and above-average crime rates requiring enhanced management