| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 71st | Good |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3001 Telegraph Ave, Berkeley, CA, 94705, US |
| Region / Metro | Berkeley |
| Year of Construction | 2013 |
| Units | 42 |
| Transaction Date | 2019-05-08 |
| Transaction Price | $25,380,000 |
| Buyer | DWF VI VMG TELEGRAPH GARDENS LLC |
| Seller | 3001 TELEGRAPH LLC |
3001 Telegraph Ave, Berkeley CA Multifamily Investment
2013 construction stands out in an older Berkeley stock, positioning the asset competitively for retention and pricing in a high-cost ownership market, according to WDSuite’s CRE market data. Neighborhood renter concentration supports demand depth, while amenity density and strong schools reinforce livability for long-term tenants.
Located in Berkeley’s Urban Core, the property benefits from a neighborhood rated A and ranked 32 out of 469 metro neighborhoods — a top-quartile position that signals strong fundamentals for multifamily. Amenity access is a clear differentiator, with restaurants, cafes, groceries, parks, and pharmacies all scoring in high national percentiles, supporting day-to-day convenience and resident retention.
The asset’s 2013 vintage is newer than the neighborhood’s average construction year (1932), suggesting lighter near-term capital needs and competitive positioning versus older local stock. This can reduce downtime for heavy renovations while still allowing targeted upgrades to drive value and leasing velocity.
Renter-occupied housing in the neighborhood accounts for roughly 57.5% of units, indicating a sizable tenant base that supports demand stability for multifamily. Within a 3-mile radius, demographics show recent population and household growth with further gains projected, pointing to a larger tenant pool over the next five years. Rising median incomes in this radius also expand the number of households able to support market rents, which can help stabilize occupancy through cycles.
Home values in the neighborhood rank among the highest nationally, creating a high-cost ownership market that reinforces reliance on rental housing. Rent-to-income metrics are more moderate by comparison, which can aid lease retention and reduce turnover risk relative to for-sale alternatives, particularly for well-located, newer assets.
While the neighborhood’s occupancy has softened versus five years ago, amenity strength and school quality (average ratings in the top national percentiles) provide durable lifestyle draws that can support leasing and renewal performance through targeted operations and unit positioning.
Safety indicators are mixed and trend-sensitive. The neighborhood’s crime rank sits in the lower tier compared with other Oakland-Berkeley-Livermore neighborhoods (below the metro median, ranked 445 out of 469), and national percentiles indicate comparatively higher crime levels than many areas nationwide. Recent year-over-year readings show increases in both property and violent offenses, underscoring the importance of security-forward operations and resident communication.
For investors, this context argues for proactive measures—such as lighting, access control, and partnership with local community initiatives—to support resident confidence and leasing performance. Framed against the metro, this submarket competes on location and amenities but may require enhanced safety management to sustain occupancy and rent growth.
Proximity to major employers supports a broad professional renter base and commute convenience. Key nearby headquarters and offices span consumer goods, apparel, insurance, enterprise software, and financial services.
- Clorox — consumer goods (3.7 miles) — HQ
- Gap — apparel retail (8.5 miles) — HQ
- Aig — insurance (8.5 miles)
- Salesforce.com — enterprise software (8.6 miles) — HQ
- Charles Schwab — financial services (8.6 miles) — HQ
3001 Telegraph Ave combines a newer 2013 vintage with an A-rated, amenity-rich Urban Core location where ownership costs are among the highest nationally—factors that reinforce multifamily demand and support pricing power. The neighborhood’s renter concentration and high national percentiles for schools and amenities create a durable living proposition for professionals seeking convenience.
Within a 3-mile radius, population and household counts have grown with further gains projected, expanding the renter pool and supporting occupancy stability. According to CRE market data from WDSuite, the immediate neighborhood’s occupancy has softened in recent years, so the investment case leans on operational execution—leveraging newer construction, targeted upgrades, and strong neighborhood fundamentals to drive renewals and absorption—while acknowledging safety management as a necessary focus.
- Newer 2013 construction versus older local stock reduces near-term CapEx and enhances competitive positioning.
- High-cost ownership market and strong amenities support sustained renter demand and lease retention.
- 3-mile radius shows population and household growth, indicating a larger tenant base ahead.
- Access to major employers across consumer goods, tech, and finance underpins workforce housing demand.
- Risks: softer neighborhood occupancy and crime perceptions require proactive safety and leasing strategies.