| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 81st | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1065 45th St, Emeryville, CA, 94608, US |
| Region / Metro | Emeryville |
| Year of Construction | 1994 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1065 45th St Emeryville Multifamily Investment
Renter demand is reinforced by a high neighborhood renter-occupied share and dense amenities, according to WDSuite’s CRE market data, while recent occupancy softness suggests attention to leasing and retention strategies.
Emeryville’s Urban Core setting delivers strong daily-life convenience: grocery, restaurant, cafe, childcare, park, and pharmacy access all sit in high national percentiles, supporting walkable living and sustained renter interest. The neighborhood earns an A+ rating and ranks 13 out of 469 in the Oakland-Berkeley-Livermore metro, placing it firmly in the top quartile among metro neighborhoods.
The area’s housing stock trends older on average (1968), while the subject’s 1994 vintage is newer, which can translate to relative competitiveness versus nearby Class B/C peers; investors should still plan for modernization of systems typical of 1990s construction. Neighborhood occupancy is currently below peak levels, indicating a need for active leasing and renewal management, but amenity depth and strong income profiles provide a supportive backdrop.
Within a 3-mile radius, population and household counts have grown over the past five years, with projections pointing to further gains and smaller average household sizes. This pattern generally expands the renter pool and supports occupancy stability. Elevated home values in the neighborhood indicate a high-cost ownership market, which tends to sustain multifamily demand and can aid pricing power and lease retention when paired with thoughtful affordability management.
Renter-occupied housing remains a majority both in the neighborhood and within the 3-mile radius, signaling depth of tenant base for smaller assets like a 20-unit property. Median contract rents are elevated for the neighborhood, and the rent-to-income profile suggests measured affordability pressure; disciplined rent-setting and value-forward improvements can help balance retention with growth. For investors conducting multifamily property research, WDSuite’s CRE market data supports the view that this micro-market remains competitive among Bay Area locations despite cyclical variability.
Neighborhood safety indicators show year-over-year improvement, with both property and violent offense rates trending down according to WDSuite’s CRE market data. Compared with neighborhoods nationwide, current levels remain below stronger national safety percentiles, so investors should underwrite conservative security, lighting, and access-control measures while recognizing the positive directional trend.
At the metro level, conditions can vary block to block in Urban Core locations. A practical approach is to emphasize on-site visibility, resident engagement, and preventative maintenance, and to reflect comparative safety trends in insurance, operating contingencies, and leasing strategies rather than relying on short-term fluctuations.
The employment base includes nearby corporate offices and headquarters that support renter demand via short commutes and professional services employment. Notable employers in proximity include Clorox, Gap, AIG, Charles Schwab, and Salesforce.
- Clorox — corporate offices (2.2 miles) — HQ
- Gap — corporate offices (6.8 miles) — HQ
- AIG — corporate offices (6.9 miles)
- Charles Schwab — corporate offices (6.9 miles) — HQ
- Salesforce.com — corporate offices (6.9 miles) — HQ
Built in 1994, the property is newer than the neighborhood’s average vintage and can compete well against older stock while still benefiting from selective modernization and value-add upgrades. High neighborhood renter concentration and dense amenities indicate durable demand, while the 3-mile area shows population and household growth that broadens the tenant base and supports occupancy stability over the cycle. Elevated home values point to a high-cost ownership market that tends to sustain reliance on rentals.
Neighborhood occupancy has eased versus five-year highs, so execution will matter: thoughtful unit finishes, targeted leasing, and renewal management can help capture demand from nearby employers and amenity-seeking renters. According to CRE market data from WDSuite, the micro-market’s income depth and strong amenity positioning remain supportive relative to broader Bay Area trends, though investors should underwrite for prudent operating reserves and measured rent growth.
- 1994 vintage offers competitive positioning versus older neighborhood stock with selective CapEx upside
- High neighborhood renter-occupied share and strong 3-mile demand drivers support leasing durability
- Dense amenities and proximity to major employers attract lifestyle renters and aid retention
- Elevated ownership costs reinforce multifamily demand and pricing power with careful affordability management
- Risk: recent occupancy softness and average school ratings require disciplined leasing and expense controls