| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 81st | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5540 Doyle St, Emeryville, CA, 94608, US |
| Region / Metro | Emeryville |
| Year of Construction | 2007 |
| Units | 27 |
| Transaction Date | 2007-08-15 |
| Transaction Price | $220,500 |
| Buyer | KRUBINER SETH P |
| Seller | MOONEY RONALD W |
5540 Doyle St Emeryville Multifamily Investment
This 27-unit property built in 2007 sits in an A+ rated neighborhood ranking 13th among 469 metro neighborhoods. Strong neighborhood occupancy fundamentals are supported by high-income demographics and tech employment concentration, according to CRE market data from WDSuite.
Located in Emeryville's Urban Core, this property benefits from exceptional neighborhood fundamentals ranking in the top quartile nationally across multiple CRE metrics. The neighborhood achieves a 97th national percentile for amenities, with 9.83 grocery stores per square mile and 26.22 restaurants per square mile supporting strong tenant retention appeal. Demographic data aggregated within a 3-mile radius shows a median household income of $109,348, with 37.8% of residents aged 18-34 representing a stable rental demographic.
The property's 2007 construction year positions it as newer than the neighborhood average of 1968, reducing near-term capital expenditure requirements while maintaining competitive positioning. With 62.5% of housing units renter-occupied, the area demonstrates strong multifamily demand fundamentals. Neighborhood-level occupancy sits at 87.8%, though this reflects a recent decline that warrants monitoring for lease management considerations.
Rental market dynamics show median contract rents of $2,517, placing the neighborhood in the 97th national percentile. However, the rent-to-income ratio ranks in the 11th national percentile, indicating affordability pressure that requires careful lease renewal management. Population growth projections show a 6.7% increase expected through 2028, with household formation supporting continued rental demand despite competitive ownership dynamics.
The neighborhood ranks 84th among 469 metro neighborhoods for crime metrics, placing it above the metro median and in the 65th national percentile. Property crime rates show improvement with a 55% year-over-year decline, ranking in the 90th national percentile for crime reduction trends. Violent crime rates similarly decreased 72% year-over-year, demonstrating positive safety trajectory that supports tenant retention and leasing velocity.
While absolute crime levels remain moderate compared to the broader metro area, the consistent downward trend in both property and violent offenses indicates improving neighborhood conditions. These safety improvements, combined with the area's high amenity density and employment concentration, create a more attractive environment for prospective tenants.
The property benefits from proximity to major corporate headquarters and offices within the Bay Area employment corridor, providing workforce housing for high-income professionals and supporting lease-up stability.
- Clorox — consumer goods (2.6 miles) — HQ
- Gap — retail corporate offices (6.6 miles) — HQ
- Salesforce.com — technology services (6.7 miles) — HQ
- Charles Schwab — financial services (6.7 miles) — HQ
- PG&E Corp. — utilities (6.8 miles) — HQ
This 27-unit property combines newer construction vintage with strong neighborhood fundamentals in an A+ rated Urban Core location. The 2007 build year reduces immediate capital expenditure needs while the neighborhood's 97th national percentile amenity ranking and proximity to major employers support tenant demand. Demographic projections show 6.7% population growth through 2028, with household formation expected to increase by 42.1%, expanding the renter pool significantly.
However, current neighborhood occupancy at 87.8% has declined 3.7 percentage points, and rent-to-income ratios in the 11th national percentile signal affordability pressure requiring active lease management. Commercial real estate analysis from WDSuite indicates the neighborhood's high NOI per unit average of $17,170 ranks 22nd among metro neighborhoods, though investors should monitor occupancy trends and implement strategic renewal programs to maintain performance.
- A+ neighborhood rating ranking 13th among 469 metro neighborhoods
- 2007 construction reduces near-term capital expenditure requirements
- Strong demographic growth with 42.1% household increase projected through 2028
- High NOI per unit potential with neighborhood average of $17,170
- Risk: Declining occupancy trends and affordability pressure require active management