| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 82nd | Best |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 3rd St, Oakland, CA, 94607, US |
| Region / Metro | Oakland |
| Year of Construction | 2001 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 3rd St, Oakland Multifamily Investment
Positioned in a high-income, renter-driven pocket of Oakland, the asset benefits from resilient demand even as neighborhood occupancy has moderated, according to CRE market data from WDSuite. Newer construction for the area supports competitive positioning and potential retention advantages.
This Inner Suburb location scores a B+ neighborhood rating and is competitive among Oakland-Berkeley-Livermore neighborhoods (ranked 129 of 469), based on CRE market data from WDSuite. Dining density is a local strength (restaurant access ranks 67 of 469 — competitive among metro peers and top quartile nationally), and parks and groceries also compare well in the metro (parks rank 94 of 469; groceries 119 of 469). Pharmacy and café options are thinner within the immediate neighborhood, so residents typically rely on nearby districts for those services.
The 2001 vintage is newer than the neighborhood s average construction year (1983), supporting relative competitiveness versus older stock. Investors should still anticipate routine modernization over a hold period to maintain positioning against recently delivered Class A assets.
Within a 3-mile radius, demographics point to a large and growing renter base: households and population have increased in recent years and are projected to expand further, with household sizes trending slightly smaller. This translates into a larger tenant base and supports occupancy stability. Neighborhood-level incomes benchmark in the mid-90s percentiles nationally while home values sit similarly elevated, a high-cost ownership context that tends to sustain multifamily demand and lease retention.
Renter concentration is a notable tailwind: the neighborhood s share of renter-occupied units ranks 88 of 469 (competitive among metro peers and strong nationally), and within 3 miles roughly seven in ten housing units are renter-occupied. While the neighborhood s occupancy rate sits below the national median, NOI per unit ranks 42 of 469 (top quartile nationally), indicating income performance that has compared favorably versus many peer areas.
Safety trends warrant monitoring. Relative to neighborhoods nationwide, this area benchmarks below the national median for safety, and within the Oakland-Berkeley-Livermore metro it sits near the middle of the pack (crime rank 252 of 469). That said, year-over-year momentum has improved meaningfully: both property and violent offense rates show strong declines on a national comparative basis, placing recent improvement in the top quartile nationally. Investors should underwrite with prudent security and operational assumptions while recognizing the positive direction of change.
Proximity to major East Bay and San Francisco CBD employers underpins commuter demand and supports leasing durability. Nearby corporate offices span consumer products, finance, and enterprise software he same employers noted below.
- Clorox consumer products (0.6 miles) HQ
- Gap apparel retail (6.6 miles) HQ
- Aig insurance (6.7 miles)
- Charles Schwab brokerage & financial services (6.7 miles) HQ
- Salesforce.com enterprise software (6.8 miles) HQ
This 86-unit asset, built in 2001, offers a newer-vintage profile in a high-cost ownership market where elevated home values and high incomes reinforce reliance on multifamily housing. According to commercial real estate analysis from WDSuite, the neighborhood s renter concentration and competitive amenity access (restaurants, parks, groceries) support a deep tenant base, while NOI per unit performance ranks among the stronger cohorts in the metro and top quartile nationally.
Forward-looking demand indicators are constructive: within a 3-mile radius, population and households have grown and are projected to expand further, with smaller average household sizes pointing to a larger pool of renters over time. While neighborhood occupancy has been softer versus metro leaders and schools rate below average, the asset s relative youth provides competitive positioning; investors should plan for targeted system updates and common-area refreshes to sustain leasing and retention.
- Newer 2001 vintage versus local stock supports competitive positioning with manageable modernization needs
- Large 3-mile renter base and projected household growth expand the tenant pool and support occupancy stability
- High-cost ownership market and strong incomes reinforce multifamily demand and potential lease retention
- Competitive amenity access (restaurants, parks, groceries) and strong NOI per unit support income performance
- Risks: softer neighborhood occupancy, below-average school ratings, and safety perceptions require prudent underwriting