| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 71st | Good |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2732 Haste St, Berkeley, CA, 94704, US |
| Region / Metro | Berkeley |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | 1994-07-20 |
| Transaction Price | $2,125,000 |
| Buyer | REDDY H RAJENDER |
| Seller | PAPPAGEORGE PETE J |
2732 Haste St Berkeley Multifamily Investment Opportunity
High renter concentration in the surrounding neighborhood and elevated for-sale home values indicate durable multifamily demand, according to WDSuite s CRE market data. Investors should weigh leasing execution alongside value-add potential from a 1972 vintage in a high-amenity Urban Core.
Amenity access is a core strength here. The neighborhood ranks among the top quartile of the 469 Oakland-Berkeley-Livermore metro neighborhoods for overall amenity depth, with cafes, restaurants, groceries, parks, and pharmacies scoring in high national percentiles. This supports renter convenience and helps drive leasing velocity and retention.
School quality trends favorable for family renters, with the neighborhood s average school rating sitting in the top quartile nationally. For investors, stronger school options can underpin lease stability and broaden the tenant profile beyond students and young professionals.
Tenure data shows a high share of renter-occupied housing units in the neighborhood (57.5%), signaling a deep tenant base for a 30-unit asset. While neighborhood occupancy levels are below metro norms, the elevated renter concentration can help support ongoing demand and reduce exposure to narrow segments.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising, expanding the renter pool. Median household incomes in the area are high, and with for-sale home values near the top of national comparisons, the high-cost ownership market tends to sustain reliance on multifamily rentals a dynamic that can support pricing power and lease-up consistency for well-positioned assets.
The property s 1972 construction is newer than much of the neighborhood s older housing stock (average vintage is early 20th century). That relative age can be competitive versus older buildings, though investors should plan for system updates or renovations to capture value and meet current renter expectations.
Safety indicators rank below the metro average for this neighborhood, placing it toward the lower end among the 469 Oakland-Berkeley-Livermore neighborhoods. Nationally, the area scores in the lower percentiles for both violent and property offenses, indicating comparatively higher incident rates than many U.S. neighborhoods.
Recent year-over-year readings show increases in reported offenses. For underwriting, many investors incorporate additional measures such as enhanced building access controls, lighting, and community engagement, and they adjust leasing assumptions or security line items to reflect neighborhood context rather than property-level conclusions.
Proximity to major corporate employers supports commuter demand and leasing durability, with access to roles spanning consumer goods, retail, insurance, and technology. The list below reflects nearby headquarters and office hubs that can help sustain a diverse renter base.
- Clorox consumer goods HQ (4.5 miles) HQ
- Gap retail apparel (9.2 miles) HQ
- Aig insurance services (9.2 miles)
- Salesforce.com cloud software (9.3 miles) HQ
- Charles Schwab financial services (9.3 miles) HQ
This 30-unit, 1972-vintage asset sits in a high-amenity Urban Core pocket of Berkeley where renter-occupied housing is prevalent and ownership costs are elevated. That backdrop, combined with strong school ratings and dense neighborhood conveniences, supports a wide renter funnel and potential for steady renewals. The vintage presents a practical path to value creation via targeted interiors, building systems, and curb-appeal upgrades to compete against older stock nearby.
According to CRE market data from WDSuite, neighborhood occupancy trends trail metro averages, so execution rests on product quality, pricing discipline, and effective leasing. Within a 3-mile radius, population and household growth along with higher incomes suggest ongoing depth in the tenant base, which can help support occupancy stability once renovations and positioning are aligned with demand.
- High renter concentration and elevated ownership costs support durable multifamily demand
- 1972 vintage offers value-add potential versus older neighborhood stock
- Strong amenities and school ratings enhance retention and broaden tenant profile
- Risk: Neighborhood safety and below-metro occupancy require prudent underwriting and security planning