| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 81st | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3621 Adeline St, Emeryville, CA, 94608, US |
| Region / Metro | Emeryville |
| Year of Construction | 2013 |
| Units | 69 |
| Transaction Date | 1997-01-27 |
| Transaction Price | $1,050,000 |
| Buyer | EAST BAY MTG INC |
| Seller | OWENS MORTGAGE INVESTMENT FUND II |
3621 Adeline St Emeryville Multifamily Investment, 69 Units
2013 vintage in an Urban Core pocket where neighborhood renter demand is deep and amenities are dense, according to WDSuite’s CRE market data. Newer construction versus older area stock supports competitiveness, while lease management should monitor neighborhood occupancy trends.
Emeryville’s Urban Core setting offers strong daily-life convenience: neighborhood amenities rank among the top quartile nationally with dense grocery, dining, and pharmacy options, and the area scores A+ at the neighborhood level (rank 13 out of 469 in the Oakland-Berkeley-Livermore metro). For investors, this concentration of services supports retention and day-to-day livability that tends to underpin leasing stability.
The property’s 2013 construction stands newer than the neighborhood’s older average housing stock (late 1960s), positioning the asset competitively versus legacy buildings. Newer product typically commands interest from renters seeking modern layouts and systems; investors should still plan for standard mid-life capital items over the hold.
Neighborhood data indicate a high share of renter-occupied housing units, placing the area in a top national percentile for renter concentration. That depth of rental tenure suggests a sizable tenant base for multifamily, though neighborhood occupancy has been softer recently and warrants active leasing oversight to sustain performance.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue expanding, pointing to a larger tenant base over time. Elevated home values in the immediate area indicate a high-cost ownership market, which generally reinforces reliance on rental options and can aid pricing power if managed alongside affordability and retention considerations. Median school ratings sit around the national middle, which aligns more with young professionals and households prioritizing commute and amenity access.
Neighborhood safety indicators are above the national average (higher national percentile implies safer conditions), and recent trends show notable year-over-year declines in both violent and property offense rates. These are neighborhood-level measures and can vary block to block; investors typically consider this trajectory supportive of leasing and retention, particularly when combined with strong amenity access.
Compared with other neighborhoods in the Oakland-Berkeley-Livermore metro (469 total), the area is competitive on safety and has improved on a one-year basis, according to WDSuite’s CRE market data. Owners should still employ standard security and lighting practices appropriate for an urban setting.
Proximity to major corporate offices supports a steady white-collar renter pool and commute convenience for residents. Key nearby employers include Clorox, Gap, AIG, Charles Schwab, and Salesforce, which can help stabilize demand and retention.
- Clorox — consumer products HQ (1.7 miles) — HQ
- Gap — apparel retail HQ (6.6 miles) — HQ
- AIG — insurance offices (6.6 miles)
- Charles Schwab — financial services HQ (6.7 miles) — HQ
- Salesforce.com — enterprise software HQ (6.7 miles) — HQ
3621 Adeline St offers a 2013-vintage, 69-unit asset in an A+ neighborhood with dense amenities and a large renter base. Based on commercial real estate analysis from WDSuite, the neighborhood’s renter concentration sits in a top national percentile and home values are elevated, both of which reinforce reliance on multifamily housing and support pricing power when balanced with retention management.
While neighborhood occupancy has been softer and warrants active leasing strategies, the asset’s newer construction relative to the area’s older housing stock provides competitive positioning. Within a 3-mile radius, population and households have expanded and are projected to increase further, suggesting a growing tenant pool that can help support long-term occupancy and rent performance.
- A+ neighborhood with dense amenities and commute access supporting retention
- 2013 vintage offers competitive appeal versus older local stock
- High renter concentration and elevated ownership costs reinforce rental demand
- 3-mile growth in population and households expands the tenant base
- Risk: neighborhood occupancy softness requires proactive leasing and renewal management