| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 82nd | Best |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 125 2nd St, Oakland, CA, 94607, US |
| Region / Metro | Oakland |
| Year of Construction | 2006 |
| Units | 104 |
| Transaction Date | 2011-12-13 |
| Transaction Price | $38,000,000 |
| Buyer | The Harborview Company, LLC |
| Seller | TR Aqua Via Corp |
125 2nd St Oakland Multifamily Investment
Positioned in an Inner Suburb pocket of Oakland with strong renter concentration and high-end neighborhood incomes, this asset offers durable demand drivers, according to WDSuite’s CRE market data. The property’s newer vintage relative to nearby stock enhances competitiveness and supports stable leasing in a high-cost ownership market.
The neighborhood rates B+ and is competitive among Oakland-Berkeley-Livermore neighborhoods (ranked 129 of 469), with fundamentals that favor multifamily. Median contract rents in the neighborhood sit at the upper end of the metro (ranked 89 of 469) and are top percentile nationally, while home values are also high nationally. This high-cost ownership context tends to reinforce reliance on rentals and supports pricing power and lease retention for well-positioned communities, based on CRE market data from WDSuite.
At the neighborhood level, roughly 53% of housing units are renter-occupied, indicating a deep tenant base. Within a 3-mile radius, renters account for a substantial majority of occupied units, and both population and households have grown in recent years with additional growth forecast, pointing to a larger tenant pool and demand that can support occupancy stability. The average household size is trending smaller within 3 miles, which often favors professionally managed apartments and supports steady absorption of one- and two-bedroom product.
Amenity access is a strength: restaurants and groceries score in the mid-90s national percentiles, and park access is similarly elevated, which aligns with urban, lifestyle-focused renter preferences. However, cafes, pharmacies, and childcare show limited presence in immediate counts, so residents may rely on nearby districts for some daily needs. Average school ratings trend below national norms; investors should underwrite tenant mix accordingly and emphasize proximity to employment and amenities in marketing.
The average construction year for nearby buildings skews older (early 1980s), while the subject property was built in 2006. That newer vintage typically reduces near-term capital expenditure risk and can outperform older stock on leasing velocity, though modernization of building systems and common areas should still be evaluated as part of capital planning. Neighborhood occupancy is near the national midrange and has softened versus five years ago, so effective leasing and retention strategies remain important, but the area’s renter concentration and income profile help counterbalance this.
Safety indicators in this neighborhood trail national norms but have improved meaningfully year over year, per WDSuite’s data. Within the metro, the neighborhood ranks 252 out of 469 on crime, which places it below the metro median for safety. Nationally, recent estimates show violent and property offense rates that are weaker than typical, but both categories have recorded notable declines over the past year.
For investors, the takeaway is risk management rather than avoidance: continued improvement trends are encouraging, and proximity to employment and amenities can sustain renter demand. Underwriting should reflect security measures, lighting, and onsite management practices that support resident comfort and retention.
Proximity to major employers underpins renter demand and commute convenience, with a concentration of headquarters and large offices nearby, including Clorox, Gap, Charles Schwab, Salesforce, and PG&E.
- Clorox — consumer products (0.76 miles) — HQ
- Gap — apparel retail (6.68 miles) — HQ
- Charles Schwab — financial services (6.77 miles) — HQ
- Salesforce.com — cloud software (6.89 miles) — HQ
- PG&E Corp. — utilities (6.95 miles) — HQ
This 104-unit, 2006-vintage community sits in an Inner Suburb location where renter demand is supported by high neighborhood incomes, elevated regional home values, and proximity to major employers. According to CRE market data from WDSuite, neighborhood rent levels are among the metro’s higher tiers and top percentile nationally, while the local renter-occupied share and projected 3-mile population and household growth point to a larger tenant base over the next cycle.
The 2006 construction year provides a competitive edge versus older nearby stock and may limit near-term capital needs relative to 1980s-era properties, though modernization and system upgrades should still be assessed. Neighborhood occupancy has eased from prior highs, suggesting focus on lease management and retention, but strong amenity access (restaurants, groceries, parks) and a high-cost ownership market underpin ongoing renter reliance on multifamily housing.
- Newer 2006 vintage versus older neighborhood stock reduces immediate capex risk and supports leasing competitiveness.
- High neighborhood incomes and elevated home values reinforce multifamily demand and pricing power.
- Deep renter base locally and projected 3-mile population and household growth expand the tenant pool.
- Amenity-rich environment (restaurants, groceries, parks) supports retention and lifestyle appeal.
- Risks: neighborhood safety lags national norms and occupancy has softened; budget for security and proactive leasing.