| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 81st | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4098 San Pablo Ave, Emeryville, CA, 94608, US |
| Region / Metro | Emeryville |
| Year of Construction | 2009 |
| Units | 53 |
| Transaction Date | 2012-12-28 |
| Transaction Price | $16,000,000 |
| Buyer | KCM Oak Walk LLC |
| Seller | Bayrock Oaks LLC |
4098 San Pablo Ave Emeryville Multifamily Investment
This 53-unit property built in 2009 benefits from Emeryville's top-tier neighborhood fundamentals and proximity to major Bay Area employers. According to WDSuite's CRE market data, the area demonstrates strong renter concentration at 62.5% of housing units, supporting sustained multifamily demand in this urban core location.
Emeryville ranks 13th among 469 Oakland-Berkeley-Livermore metro neighborhoods, earning an A+ rating with exceptional amenity access and demographic fundamentals. The neighborhood's renter-occupied housing share of 62.5% ranks in the 95th percentile nationally, indicating deep multifamily demand that supports occupancy stability and lease retention.
Built in 2009, this property represents newer construction compared to the neighborhood's 1968 average building vintage, positioning it competitively with reduced near-term capital expenditure needs. Demographics within a 3-mile radius show household growth of 5.5% over the past five years, with projections indicating continued expansion through 2028, supporting an expanding tenant base for multifamily properties.
The area's median home value of $790,992 and high value-to-income ratio of 6.5 limit ownership accessibility, sustaining rental demand among the educated workforce—40.9% hold bachelor's degrees, ranking in the 97th percentile nationally. Neighborhood-level occupancy currently stands at 87.8%, though this represents a decline from previous levels, warranting attention to local market dynamics and competitive positioning.
Amenity density supports tenant appeal with top-quartile access to grocery stores, restaurants, and childcare facilities. The rent-to-income ratio of 0.26 suggests affordability pressure that could impact lease renewals and pricing power, requiring careful lease management considerations in this high-cost Bay Area submarket.
The neighborhood demonstrates moderate safety conditions relative to the metro area, ranking 84th out of 469 Oakland-Berkeley-Livermore neighborhoods in overall crime metrics, placing it in the 65th percentile nationally. Property crime rates have shown significant improvement with a 55% year-over-year decline, while violent crime decreased by 72%, indicating positive trending in public safety conditions.
Current property offense rates remain elevated compared to national averages, though the substantial recent improvements suggest ongoing community and law enforcement efforts are yielding results. Investors should monitor these trends as safety perceptions can influence tenant retention and lease-up velocity in urban core locations.
The property benefits from proximity to major Bay Area corporate headquarters and offices, providing workforce housing for a diverse employment base that supports consistent rental demand and commute convenience for tenants.
- Clorox — consumer products (1.9 miles) — HQ
- Gap — retail & apparel (6.7 miles) — HQ
- Charles Schwab — financial services (6.8 miles) — HQ
- Salesforce.com — technology (6.8 miles) — HQ
- PG&E Corp. — utilities (6.9 miles) — HQ
This Emeryville property offers access to a top-tier Bay Area neighborhood with strong multifamily fundamentals, supported by an educated, high-income tenant base and proximity to major employment centers. The 2009 construction vintage provides competitive positioning with lower near-term maintenance requirements, while demographic projections indicate continued household growth within the 3-mile radius through 2028.
Commercial real estate analysis from WDSuite shows the neighborhood's 62.5% renter-occupied housing concentration ranks in the 95th percentile nationally, demonstrating sustained rental demand. However, current neighborhood-level occupancy at 87.8% reflects recent market pressures, and elevated rent-to-income ratios require careful lease management strategies to maintain competitive positioning in this high-cost market.
- Strong renter concentration at 62.5% supports consistent multifamily demand
- Proximity to major Bay Area headquarters including Clorox, Gap, and Salesforce
- 2009 construction provides competitive advantage with reduced capital expenditure needs
- Projected household growth through 2028 supports expanding tenant base
- Risk: Rent-to-income pressures and recent neighborhood occupancy decline require active management