| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 69th | Good |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 202 12th St, Oakland, CA, 94607, US |
| Region / Metro | Oakland |
| Year of Construction | 1989 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
202 12th St Oakland Multifamily Investment
Neighborhood data points to a deep renter base and strong amenity access, according to WDSuite’s CRE market data, supporting durable demand despite softer occupancy trends locally. Investors should note that these are neighborhood-level indicators, not property performance.
Located in Oakland’s Urban Core, the property benefits from a neighborhood rated A and ranked 27 out of 469 in the Oakland-Berkeley-Livermore metro, indicating competitive positioning versus most local neighborhoods. Amenity access is a standout: restaurants, cafes, groceries, parks, and pharmacies all benchmark at the 100th national percentile, with multiple categories ranked first among 469 metro neighborhoods. For multifamily, this concentration of daily needs tends to support leasing velocity and retention.
Schools in the area average 4.0 out of 5 and rank 82 of 469 metro neighborhoods, placing education access above the metro median and in the top quartile nationally. These school dynamics can help broaden the renter profile and support family-oriented demand.
The renter-occupied share of housing in the neighborhood is high, at a level that ranks 12 of 469, indicating a substantial renter concentration and a deeper tenant base for multifamily. At the same time, neighborhood occupancy has trended softer versus peers (ranked 468 of 469; lower national percentile), which suggests investors should underwrite prudent lease-up and renewal assumptions while leveraging the strong amenity and renter pool fundamentals.
Home values and ownership costs benchmark high relative to incomes (near the 98th national percentile for value-to-income), signaling a high-cost ownership market. For investors, that typically sustains reliance on rental housing and can support pricing power, though it also warrants attention to rent-to-income dynamics and lease management. Demographic statistics aggregated within a 3-mile radius show recent population and household growth with forecasts indicating further increases and smaller average household sizes, expanding the tenant base and supporting occupancy stability over time.
Neighborhood safety compares close to the national middle overall (around the 47th national percentile), and ranks 269 out of 469 metro neighborhoods, indicating conditions that are mixed compared with the broader region. Recent trend data shows notable year-over-year declines in both property and violent offense estimates, which is a constructive directional signal, though investors should still treat safety as a monitoring item during hold.
Proximity to established corporate employers supports a steady renter base and commute convenience for workforce and professional tenants, including roles in consumer products, apparel retail, insurance, financial services, and enterprise software.
- Clorox — consumer products (0.3 miles) — HQ
- Gap — apparel retail (6.8 miles) — HQ
- Aig — insurance (6.9 miles)
- Charles Schwab — financial services (6.9 miles) — HQ
- Salesforce.com — enterprise software (7.0 miles) — HQ
Built in 1989 with 80 units, the asset skews newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock and potential to capture renters prioritizing modern systems and finishes. The surrounding Urban Core location ranks among the metro’s leaders on amenity access and maintains a large renter-occupied housing base, which supports tenant demand and leasing durability even as neighborhood occupancy sits below metro norms. Based on CRE market data from WDSuite, ownership costs benchmark high relative to incomes locally, which tends to reinforce reliance on rental housing and can aid pricing power when paired with disciplined affordability management.
Demographic statistics aggregated within a 3-mile radius indicate recent population and household growth with forecasts pointing to further expansion and smaller average household sizes, implying continued renter pool expansion. Investors should underwrite with attention to rent-to-income levels and local safety monitoring while leveraging the amenity-rich setting and proximity to major employers to support retention and absorption.
- 1989 vintage offers competitive positioning versus older neighborhood stock; scope for targeted value-add to enhance rents.
- Amenity-dense Urban Core location ranks near the top of 469 metro neighborhoods, supporting leasing and retention.
- Large renter concentration locally underpins demand depth and broadens the tenant base.
- High-cost ownership environment supports reliance on rentals and potential pricing power with prudent lease management.
- Risks: softer neighborhood occupancy versus peers and safety metrics to monitor; manage affordability (rent-to-income) and renewal strategies accordingly.