| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 73rd | Good |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 121 41st St, Oakland, CA, 94611, US |
| Region / Metro | Oakland |
| Year of Construction | 1974 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
121 41st St Oakland Multifamily Investment
This 26-unit property sits in an A-rated neighborhood with 91% occupancy and strong renter demand, supported by commercial real estate analysis from WDSuite.
Located in Oakland's Urban Core, this neighborhood ranks 42nd among 469 metro neighborhoods with an A rating. The area maintains 91% occupancy with a 67% renter-occupied housing share, indicating stable rental demand in a market where ownership costs remain elevated.
Built in 1974, this property aligns with the neighborhood's 1959 average construction year, suggesting potential value-add opportunities through strategic renovations. The surrounding area offers exceptional amenity density, ranking in the top quartile nationally for restaurants (104 per square mile) and groceries (16 per square mile), supporting tenant retention.
Demographics within a 3-mile radius show 270,000 residents with a median household income of $120,593, representing 52% growth over five years. Projections indicate continued population expansion to 290,000 by 2028, with households increasing by 39%, expanding the potential renter pool and supporting occupancy stability.
Median rents of $2,193 reflect strong pricing power, though rent-to-income ratios suggest affordability pressures that require careful lease management. The neighborhood's 84th national percentile for household income provides a stable tenant base despite these considerations.
Crime metrics show mixed trends, with the neighborhood ranking 212th among 469 metro neighborhoods for overall crime rates, placing it near the metro median. Property crime rates have declined significantly by 58% year-over-year, while violent crime has decreased by 50%, indicating improving safety conditions.
These downward crime trends, combined with the neighborhood's Urban Core designation and high amenity density, suggest ongoing area investment and stabilization that can support tenant retention and property values over time.
The property benefits from proximity to major corporate headquarters and offices, providing workforce housing opportunities for employees commuting to established Bay Area employers.
- Clorox — consumer goods headquarters (1.9 miles) — HQ
- Gap — retail headquarters (8.0 miles) — HQ
- Charles Schwab — financial services headquarters (8.1 miles) — HQ
- Salesforce — technology headquarters (8.1 miles) — HQ
- PG&E — utilities headquarters (8.2 miles) — HQ
This 26-unit Oakland property offers value-add potential in a stable rental market. The 1974 construction year presents renovation opportunities to capture upside in a neighborhood where NOI per unit averages $13,366, ranking in the 91st national percentile. According to CRE market data from WDSuite, the area maintains strong fundamentals with 91% occupancy and declining crime rates.
Population growth projections show household expansion of 39% through 2028, supporting long-term rental demand. The property's Urban Core location provides access to exceptional amenity density while benefiting from proximity to major employers including Clorox headquarters less than two miles away.
- A-rated neighborhood with 91% occupancy and strong renter demand fundamentals
- Value-add opportunity through strategic renovation of 1974-vintage property
- Projected 39% household growth through 2028 expanding tenant pool
- Proximity to major employers including Clorox headquarters (1.9 miles)
- Risk consideration: Rent-to-income pressures require active lease management