| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 69th | Good |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1401 Jackson St, Oakland, CA, 94612, US |
| Region / Metro | Oakland |
| Year of Construction | 2009 |
| Units | 45 |
| Transaction Date | 2015-03-19 |
| Transaction Price | $15,900,000 |
| Buyer | Jackson Courtyard Partners, LLC |
| Seller | J&R Associates |
1401 Jackson St Oakland Multifamily in Amenity-Rich Core
2009 construction offers competitive positioning versus older neighborhood stock, with strong renter demand supported by exceptional amenity density, according to CRE market data from WDSuite. Investors should also account for softer neighborhood occupancy trends when underwriting lease-up and retention.
Located in Oakland’s Urban Core, the property sits within a neighborhood that is competitive among Oakland-Berkeley-Livermore neighborhoods (ranked 27 out of 469) and benefits from top-tier amenity access. Cafés, restaurants, grocery stores, pharmacies, and parks all register at or near the 100th national percentile, indicating daily convenience that supports leasing velocity and resident satisfaction.
The average neighborhood construction year is 1975, while this asset’s 2009 vintage positions it newer than much of the local stock. For investors, that typically means lower near-term capital needs and better competitive standing against older properties, while still planning for mid-life systems and modernization as part of asset management.
Renter-occupied share in the neighborhood is elevated (above the vast majority of U.S. neighborhoods), signaling a deep tenant base for multifamily. Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, alongside higher median incomes, which supports a larger tenant base and helps underpin occupancy stability over time.
Home values rank in the upper percentiles nationally and the value-to-income ratio is also elevated, indicating a high-cost ownership market that can reinforce reliance on rental housing. At the same time, rent-to-income ratios trend high locally, which suggests affordability pressure that may temper pricing power and require careful lease management to support retention.
School options average around 4 out of 5 and sit in a high national percentile, providing an additional quality-of-life factor for a subset of renters. Neighborhood NOI per unit performance also ranks in a strong national percentile, according to WDSuite’s CRE market data, underscoring income potential at the neighborhood level rather than at the individual property.
Safety metrics are mixed and should be underwritten thoughtfully. Compared with neighborhoods nationwide, this area sits below the national median for safety (crime national percentile around the mid-40s), and within the metro it ranks 269 out of 469 neighborhoods, indicating higher reported crime relative to many local peers.
That said, WDSuite’s data shows notable year-over-year improvement trends, with both property and violent offense estimates declining at a pace that places the neighborhood in high national improvement percentiles. Investors may consider weighting recent trajectory alongside current levels when assessing operating practices, security measures, and insurance assumptions.
The surrounding employment base includes nearby corporate headquarters and major offices that support renter demand through short commutes and professional services employment. Notable names include Clorox, Gap, AIG, Charles Schwab, and Salesforce.
- Clorox — corporate offices (0.4 miles) — HQ
- Gap — corporate offices (6.9 miles) — HQ
- Aig — corporate offices (7.0 miles)
- Charles Schwab — corporate offices (7.0 miles) — HQ
- Salesforce.com — corporate offices (7.1 miles) — HQ
1401 Jackson St combines Urban Core fundamentals with a 2009 vintage that is newer than much of the local stock, helping position the asset competitively against older properties. Exceptional neighborhood amenity density and a high renter-occupied share indicate depth of tenant demand, while a high-cost ownership landscape tends to sustain reliance on rental housing. Based on CRE market data from WDSuite, neighborhood-level NOI performance trends strong by national comparison, though investors should balance this with softer neighborhood occupancy levels when setting leasing assumptions.
Within a 3-mile radius, population and households have expanded and are projected to grow further alongside rising incomes, supporting a larger tenant base over the next several years. Affordability pressure, reflected in elevated rent-to-income ratios, suggests prudent rent growth pacing and an emphasis on retention. Safety indicators trail metro and national medians but have improved materially year-over-year, warranting continued focus on operations and resident experience.
- 2009 construction offers competitive positioning versus older neighborhood stock and may reduce near-term capex relative to peers.
- Amenity-rich Urban Core location supports leasing velocity and resident satisfaction.
- High renter-occupied share and high-cost ownership market reinforce depth of multifamily demand.
- 3-mile population and household growth expand the tenant base, aiding occupancy stability.
- Risks: neighborhood occupancy softness, affordability pressure, and below-median safety metrics require disciplined leasing and operations.