| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 69th | Good |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 210 14th 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 |
210 14th St, Oakland CA Multifamily Investment
Positioned in Oakland s urban core with top-tier amenity access and a deep renter base, the asset benefits from sustained leasing demand according to WDSuite s CRE market data.
This location sits in an Urban Core neighborhood rated A (ranked 27 out of 469 in the Oakland-Berkeley-Livermore metro), placing it competitive among metro neighborhoods. Amenity density is a standout: neighborhood-level access to restaurants, groceries, parks, pharmacies, and cafes ranks at or near the top of the metro, with several categories in the top national percentiles. For residents, this supports daily convenience and reduces commute friction, which can translate to stronger leasing interest and retention.
The neighborhood s average school rating is 4.0 out of 5 (rank 82 of 469), placing local schools in the top quartile among metro peers and above most neighborhoods nationwide by percentile. While school performance is one factor among many for urban renters, this positioning can help sustain demand from households seeking city living with access to higher-rated schools.
Vintage matters: built in 2009, the property is newer than the neighborhood s average 1975 construction year. Newer stock can offer competitive positioning versus older alternatives, though investors should still plan for mid-life systems and modernization to align finishes and efficiency with current renter expectations.
Neighborhood operating signals are mixed. On the one hand, the area shows a high renter concentration (about three-quarters of housing units are renter-occupied, ranking 12 of 469), indicating depth in the tenant base and broad demand for professionally managed apartments. On the other hand, neighborhood occupancy has trended softer than the metro median in recent years. Even so, NOI per unit at the neighborhood level ranks near the top of the metro and in the upper national percentiles, suggesting that well-located assets can still achieve strong revenue per unit when competitively positioned.
Demographic statistics aggregated within a 3-mile radius indicate steady population growth over the last five years, with households increasing and average household size edging lower. Projections point to further population growth and a meaningful increase in households over the next five years, which implies a larger tenant base and supports occupancy stability for well-amenitized properties.
Home values in the neighborhood are elevated relative to incomes by national comparison, a dynamic that tends to reinforce reliance on rental housing and supports pricing power for quality units. At the same time, neighborhood-level rent-to-income metrics signal affordability pressure for some renter cohorts, which makes thoughtful lease management and amenity-value alignment important to sustain retention.
Safety should be evaluated in context. At the neighborhood level, crime ranks in the lower half of the metro (269 out of 469), and the national percentile sits below the midpoint, indicating that safety outcomes are weaker than many U.S. neighborhoods. However, recent year trend data shows substantial declines in both property and violent offense estimates, placing the neighborhood in higher national percentiles for improvement. For investors, this mix suggests monitoring submarket trend lines and property-level security measures while recognizing the directional improvement.
The immediate area serves a diversified employment base anchored by corporate offices in consumer goods, apparel, financial services, software, and utilities, supporting renter demand through commute convenience. Key nearby employers include Clorox, Gap, AIG, Charles Schwab, Salesforce, and PG&E.
- Clorox — consumer goods corporate offices (0.4 miles) — HQ
- Gap — apparel corporate offices (6.9 miles) — HQ
- AIG — insurance corporate offices (7.0 miles)
- Charles Schwab — financial services corporate offices (7.0 miles) — HQ
- Salesforce.com — software corporate offices (7.1 miles) — HQ
- PG&E Corp. — utilities corporate offices (7.2 miles) — HQ
210 14th St combines a 2009 vintage with an A-rated Urban Core location where amenity access ranks among the metro s best. The neighborhood shows a deep renter base and high relative NOI per unit, supporting a case for durable demand if the asset is competitively positioned on finishes and operations. According to CRE market data from WDSuite, neighborhood occupancy has been softer than the metro median, so execution around marketing, pricing, and tenant experience remains central to outperformance.
Three-mile demographics indicate population growth and a projected increase in households, reinforcing the long-term tenant pool. Elevated home values relative to incomes sustain renter reliance on multifamily housing, while rent-to-income levels suggest active lease management is prudent to maintain retention. Taken together, the thesis favors steady leasing fundamentals with value in thoughtful capital planning as the asset enters mid-life.
- Urban Core location with top-tier amenity density and commute convenience
- 2009 construction offers competitive positioning vs. older stock; plan for mid-life system updates
- Deep renter base and strong neighborhood NOI per unit support revenue resilience
- 3-mile population and household growth expand the tenant base over the medium term
- Risks: softer neighborhood occupancy, affordability pressure, and safety perception require disciplined leasing and operations