| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 52nd | Poor |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1218 2nd Ave, Oakland, CA, 94606, US |
| Region / Metro | Oakland |
| Year of Construction | 2000 |
| Units | 40 |
| Transaction Date | 1995-03-28 |
| Transaction Price | $365,000 |
| Buyer | EVERGREEN ANNEX INC |
| Seller | POGGETTO WILLIAM D |
1218 2nd Ave Oakland Multifamily Investment Opportunity
Renter demand and proximity to major East Bay employers support durable leasing fundamentals, according to WDSuite’s CRE market data. Neighborhood occupancy trends remain steady, with pricing set by a high-cost ownership market that reinforces reliance on rentals.
The property sits in an Inner Suburb neighborhood of Oakland rated B+ (ranked 139 out of 469 metro neighborhoods), indicating competitive livability within the Oakland–Berkeley–Livermore metro. Grocery and dining access are standouts: the neighborhood scores in the high national percentiles for grocery and restaurants, which tends to support resident retention and day-to-day convenience for renters.
From an operations lens, neighborhood occupancy is 94.1% and has trended modestly higher over the past five years, suggesting stable tenancy and manageable turnover risk. The surrounding housing stock skews older (average vintage 1943), while this asset’s 2000 construction positions it as newer relative product—typically improving competitive positioning versus legacy buildings, though investors should still plan for systems refresh and common-area updates over a long hold.
Tenure data shows a high renter-occupied share (79.7% of housing units), signaling a deep tenant base and consistent multifamily demand. Within a 3-mile radius, households have increased in recent years and are projected to expand further by 2028, pointing to a larger renter pool and support for occupancy. Median household incomes have risen, and median contract rents are up, which together imply ongoing leasing traction; this aligns with neighborhood NOI per unit benchmarks that rank in the top decile nationally, based on CRE market data from WDSuite’s multifamily property research.
Ownership remains a high-cost option locally (elevated home values and value-to-income ratios), which tends to sustain rental reliance and bolster pricing power for well-maintained, well-located assets. Amenities are strong across parks, cafes, and childcare, though school ratings run below national averages and pharmacy access is limited, elements to consider when positioning for family renters.
Safety trends are mixed. Overall the neighborhood sits around the middle of national comparisons, with crime levels modestly below the national median on composite measures. However, violent and property offense indicators rank low in national percentiles, underscoring a need for prudent on-site security practices and tenant communications.
At the metro scale (Oakland–Berkeley–Livermore), the area does not rank among the safest neighborhoods, but recent year-over-year declines in both violent and property offenses are notable and track as strong improvements versus many U.S. neighborhoods. Investors should underwrite with conservative assumptions and consider measures that support resident comfort and retention.
Nearby corporate offices anchor a diversified employment base that supports renter demand and commute convenience, led by Clorox in Downtown Oakland and several San Francisco CBD employers including Gap, Charles Schwab, Salesforce, and PG&E.
- Clorox — consumer products HQ (0.96 miles) — HQ
- Gap — apparel retail corporate offices (7.37 miles) — HQ
- Aig — insurance offices (7.44 miles)
- Charles Schwab — financial services corporate offices (7.46 miles) — HQ
- Salesforce.com — cloud software HQ (7.57 miles) — HQ
- PG&E Corp. — utilities corporate HQ (7.63 miles) — HQ
1218 2nd Ave is a 40-unit, 2000-vintage asset that competes favorably against an older neighborhood stock, offering relative appeal to renters seeking newer construction in a high-cost ownership market. Neighborhood occupancy near the mid-90s and a high renter-occupied share indicate depth of demand and potential for stable cash flows over a long-term hold.
Within a 3-mile radius, recent growth in households and rising incomes point to a larger tenant base ahead, supporting leasing and retention; according to commercial real estate analysis from WDSuite, the surrounding area posts strong amenity access and above-median NOI benchmarks compared with national peers. Investors should plan for ongoing modernization typical of 2000-era buildings while leveraging proximity to major East Bay and San Francisco employers to sustain occupancy.
- Newer 2000 construction relative to area vintage enhances competitiveness and reduces near-term functional obsolescence
- High renter-occupied share and steady neighborhood occupancy support durable leasing and retention
- Strong amenity access and proximity to major employers underpin tenant demand
- Pricing power supported by elevated ownership costs in the area
- Risks: below-median safety metrics and modest school ratings warrant conservative underwriting and on-site management focus