| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 81st | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1401 Park Ave, Emeryville, CA, 94608, US |
| Region / Metro | Emeryville |
| Year of Construction | 2008 |
| Units | 54 |
| Transaction Date | 2000-10-10 |
| Transaction Price | $1,987,500 |
| Buyer | 1401 PARK AVENUE LLC |
| Seller | ELECTRO COATINGS INC |
1401 Park Ave Emeryville Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and proximity to major employment nodes, according to WDSuite’s CRE market data. The area’s elevated incomes relative to rents point to balanced leaseability with room for targeted value-add.
Situated in Emeryville’s Urban Core, the property benefits from a neighborhood rated A+ and ranked 13 out of 469 within the Oakland-Berkeley-Livermore metro—competitive among metro neighborhoods. Amenity access is a clear strength: the neighborhood sits in the top quartile nationally for groceries, dining, cafes, and pharmacies, which supports daily convenience and renter appeal.
The 2008 vintage is newer than the neighborhood’s average construction year (1968), providing a competitive edge versus older stock. Investors should still plan for normal mid-life systems updates and selective modernization, but the relative vintage supports positioning against legacy assets while targeting operational efficiency and retention.
Tenure patterns indicate depth in the renter base: renter-occupied housing share in the neighborhood ranks in the top decile nationally, signaling a broad pool for multifamily leasing. Within a 3-mile radius, population and household counts have grown in recent years, and forecasts point to further household growth by 2028—expanding the local tenant base and supporting occupancy stability.
Pricing context is bifurcated in an investor-favorable way. Elevated home values in the neighborhood, alongside a high value-to-income ratio, characterize a high-cost ownership market—conditions that tend to sustain reliance on multifamily rentals. At the same time, neighborhood rent-to-income levels track below national norms, suggesting manageable affordability pressure that can aid retention and reduce turnover risk. School ratings are around the national middle, which is neutral for broad renter demand. Notably, neighborhood occupancy trails the national median, so disciplined lease management and targeted concessions may be required to maintain velocity.
Based on WDSuite’s CRE market data, the neighborhood’s safety profile trends above the national median (around the 65th percentile nationwide), which is competitive among Oakland-Berkeley-Livermore neighborhoods. This supports day-to-day livability and helps leasing teams market to residents prioritizing comparative safety.
Recent data indicate a meaningful year-over-year reduction in both property and violent offenses at the neighborhood level, placing these declines among stronger improvement cohorts nationally. While safety perceptions can vary block to block, the directional trend is favorable for long-term multifamily performance.
Proximity to major corporate employers underpins renter demand and commute convenience, with a concentration of headquarters and large office footprints nearby that can support leasing stability.
- Clorox — consumer products HQ (2.0 miles) — HQ
- Gap — apparel retail HQ (6.3 miles) — HQ
- Charles Schwab — financial services (6.4 miles) — HQ
- Salesforce.com — enterprise software (6.4 miles) — HQ
- PG&E Corp. — utilities (6.5 miles) — HQ
This 54-unit, 2008-built asset offers a favorable position in an A+–rated, amenity-rich Emeryville neighborhood. The property’s newer vintage relative to the area’s older average stock supports competitive appeal and operational durability versus legacy buildings. Elevated neighborhood home values and strong incomes reinforce reliance on rentals, while rent-to-income metrics trending below national norms suggest manageable affordability pressure for tenants. According to commercial real estate analysis from WDSuite, neighborhood occupancy sits below the national median, making proactive lease strategy and targeted value-add particularly important to drive stabilization and pricing power.
Within a 3-mile radius, recent and projected growth in population and households indicates a larger tenant base ahead, which can support occupancy stability and renewal outcomes. Anchoring employers across nearby corporate nodes further sustain demand, while the neighborhood’s improving safety trend and top-quartile amenity access enhance long-term renter appeal.
- 2008 vintage outcompetes older neighborhood stock, with scope for targeted modernization
- High-cost ownership market supports sustained multifamily demand and lease retention
- Expanding 3-mile renter pool tied to population and household growth supports occupancy
- Proximity to multiple HQs and job centers underpins steady leasing
- Risk: neighborhood occupancy below national median requires disciplined leasing and potential concessions