| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 80th | Best |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6465 San Pablo Ave, Emeryville, CA, 94608, US |
| Region / Metro | Emeryville |
| Year of Construction | 2008 |
| Units | 33 |
| Transaction Date | 2011-03-29 |
| Transaction Price | $8,500,000 |
| Buyer | Cascade Acceptance Corporation |
| Seller | KMF Oakland LLC |
6465 San Pablo Ave Emeryville Multifamily Investment
This 33-unit property built in 2008 sits in an A- rated neighborhood with 94th percentile NOI performance. The area maintains 92% occupancy with strong rental demand from nearby corporate headquarters according to CRE market data from WDSuite.
Located in Emeryville's Urban Core district, this neighborhood ranks 90th among 469 Oakland-Berkeley-Livermore metro neighborhoods, earning an A- rating with exceptional amenity access. The area features 9.6 grocery stores per square mile (top 5% nationally) and 19.2 restaurants per square mile (96th percentile), supporting strong tenant retention through walkable convenience.
Demographics within a 3-mile radius show household income growth of 109% over five years, with median household income reaching $113,296. The area maintains 66.5% renter occupancy, indicating sustained rental demand. Forecasts project 42% household growth through 2028, expanding the renter pool to support occupancy stability.
The 2008 construction year aligns with neighborhood norms but positions the property for potential value-add opportunities as building systems approach mid-cycle replacement. Median home values of $1.1 million (98th percentile nationally) reinforce rental demand by limiting ownership accessibility, supporting tenant retention and lease renewal rates.
Neighborhood-level occupancy of 91.8% reflects stable fundamentals, while median contract rent of $2,067 demonstrates pricing power. The rent-to-income ratio of 21% suggests manageable affordability for the local workforce, supporting lease management and renewal strategies.
Safety metrics show mixed trends with property crime rates declining 53% year-over-year and violent crime dropping 54%, indicating improving conditions. The neighborhood ranks in the middle range among Oakland-Berkeley-Livermore metro areas for overall crime, reflecting typical urban dynamics.
While current crime rates remain elevated compared to suburban markets, the significant year-over-year improvement in both property and violent crime categories suggests positive momentum. Investors should consider these improving trends alongside the area's strong employment base and amenity access when evaluating tenant appeal and retention potential.
The property benefits from proximity to major corporate employers within a 7-mile radius, providing workforce housing opportunities for professional tenants.
- Clorox — consumer goods headquarters (3.1 miles) — HQ
- Gap — retail headquarters (7.0 miles) — HQ
- Salesforce.com — technology headquarters (7.0 miles) — HQ
- Charles Schwab — financial services headquarters (7.1 miles) — HQ
- PG&E Corp. — utilities headquarters (7.2 miles) — HQ
This 33-unit property offers compelling fundamentals in an A- rated Emeryville neighborhood with 94th percentile NOI performance and strong corporate employment base. Built in 2008, the asset presents value-add potential as building systems approach mid-cycle replacement, while benefiting from $1.1 million median home values that sustain rental demand. Demographic projections show 42% household growth through 2028, expanding the tenant pool within a 3-mile radius.
The area's 92% occupancy rate and $2,067 median rent reflect stable market conditions, supported by proximity to major headquarters including Clorox, Gap, and Salesforce. According to multifamily property research from WDSuite, the neighborhood's exceptional amenity density and improving safety trends create a foundation for sustained tenant appeal and retention.
- 94th percentile NOI performance among metro neighborhoods
- Strong corporate employment base within 7 miles
- 42% projected household growth supporting rental demand
- Value-add potential with 2008 construction vintage
- Risk: Current crime rates require ongoing monitoring despite improvement trends