| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 81st | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1303 Stanford Ave, Emeryville, CA, 94608, US |
| Region / Metro | Emeryville |
| Year of Construction | 2007 |
| Units | 27 |
| Transaction Date | 2000-10-27 |
| Transaction Price | $2,000,000 |
| Buyer | 5540 DOYLE STREET LLC |
| Seller | SUNRISE SPECIALTY COMPANY |
1303 Stanford Ave, Emeryville CA Multifamily Investment
Positioned in an Urban Core pocket with strong renter concentration and deep amenity access, this asset benefits from durable tenant demand and proximity to major employers, according to WDSuite’s CRE market data. Neighborhood occupancy has been choppy versus national benchmarks, but location fundamentals and household income depth help support leasing stability.
Located in Emeryville’s Urban Core, the property sits within a neighborhood rated A+ and ranked 13 out of 469 across the Oakland-Berkeley-Livermore metro, indicating competitive positioning among metro peers. Amenity density is a highlight: grocery options (99th percentile nationally), restaurants (98th), cafes (97th), parks (94th), and pharmacies (95th) create daily-life convenience that supports resident retention and leasing velocity.
The building’s 2007 vintage is newer than the neighborhood’s average construction year of 1968, giving it a competitive edge versus older stock. Investors should still plan for mid-life system updates or targeted upgrades to keep finishes and building systems aligned with renter expectations and to protect effective rents.
Tenure data points to a robust renter base: at the neighborhood level, 62.5% of housing units are renter-occupied, and within a 3-mile radius, renter-occupied share is also elevated. This depth of renter households, combined with rising median incomes locally, supports demand for professionally managed multifamily. Elevated home values in the area reinforce reliance on rental housing, which can aid lease retention and pricing power.
Rent levels are high for the metro and have grown meaningfully over the past five years, while the neighborhood’s occupancy has trailed national norms recently. For investors, that suggests thoughtful lease management and competitive positioning remain important, but amenity access and educated workforce demographics (top-quartile nationally) provide durable demand drivers that support long-run NOI performance.
Safety metrics indicate the neighborhood compares favorably to many areas nationally, landing around the 65th percentile for overall crime levels. Within the Oakland-Berkeley-Livermore metro, the area is in the top quartile among 469 neighborhoods, a relative strength for resident appeal and lease retention.
Recent trend data shows notable year-over-year declines in both property and violent offenses, with improvements that rank strongly at the national level. While conditions can vary block to block and should be verified during diligence, the directional trend supports a more stable living environment over the near term.
Proximity to large corporate nodes supports a steady renter pipeline, with short commutes to headquarters and major offices including Clorox, Gap, AIG, Salesforce, and PG&E. This concentration of white-collar employment underpins demand for professionally managed apartments and can aid retention.
- Clorox — corporate offices (2.6 miles) — HQ
- Gap — corporate offices (6.6 miles) — HQ
- Aig — corporate offices (6.7 miles)
- Salesforce.com — corporate offices (6.7 miles) — HQ
- PG&E Corp. — corporate offices (6.8 miles) — HQ
1303 Stanford Ave offers investors a smaller-scale, 2007-vintage asset in an A+–rated Urban Core neighborhood with exceptional amenity access and a deep renter pool. According to CRE market data from WDSuite, neighborhood rent levels sit toward the upper end of metro ranges while occupancy has been below national norms, indicating the importance of competitive positioning. The newer vintage relative to local stock supports rentability versus older comparables, and elevated ownership costs nearby reinforce sustained reliance on multifamily housing.
Within a 3-mile radius, population and household counts have expanded and are projected to grow further, pointing to a larger tenant base over the medium term. Coupled with proximity to major Bay Area employers, this demand backdrop supports leasing durability; the key is thoughtful capex to keep the asset competitive and active lease management to navigate periods of softer occupancy.
- 2007 vintage outcompetes older local stock; plan targeted updates to sustain rents
- A+ Urban Core location with top-quartile amenity access supports retention
- Deep renter-occupied share and growing 3-mile household counts expand the tenant base
- High-cost ownership market reinforces multifamily demand and pricing power
- Risk: neighborhood occupancy has trailed national norms; requires active leasing strategy