| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 73rd | Good |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 225 41st St, Oakland, CA, 94611, US |
| Region / Metro | Oakland |
| Year of Construction | 1982 |
| Units | 77 |
| Transaction Date | 2021-08-23 |
| Transaction Price | $35,500,000 |
| Buyer | PC CA BAYWOOD LP |
| Seller | BAYWOOD AFFORDABLE LP |
225 41st St Oakland Multifamily Investment
Renter demand is supported by an amenity-dense Urban Core location and a high-cost ownership market, according to WDSuite’s CRE market data. The key investor takeaway is durable leasing potential from a deep renter base even as occupancy trends normalize.
Located in Oakland’s Urban Core, the property sits in a neighborhood rated A and ranked 42 out of 469 metro neighborhoods, placing it in the top quartile locally for overall fundamentals. Amenity access is a defining strength: cafés, grocery options, pharmacies, and restaurants all index well above national norms, supporting daily convenience and strengthening leasing appeal for working professionals.
The 1982 construction is newer than the area’s older housing stock (average vintage 1959), which generally positions the asset as more competitive against legacy buildings. Investors should still underwrite typical modernization needs for systems and finishes to sustain positioning versus newer deliveries.
At the neighborhood level, occupancy is around the national median, while the share of housing units that are renter-occupied is elevated (67.1%). For investors, that renter concentration indicates a broad tenant base and supports demand depth for multifamily product.
Within a 3-mile radius, demographics show population growth alongside a faster increase in households and higher incomes, pointing to a larger tenant base over the medium term. Elevated home values relative to income levels reinforce reliance on rental housing, which can aid retention and pricing power in professionally managed communities.
Schools rate below national averages, and local parks are limited in immediate proximity, but the broader amenity mix and strong retail/food access help sustain neighborhood vibrancy. Operating metrics such as NOI per unit trend in high national percentiles, consistent with the submarket’s ability to support stabilized multifamily operations based on CRE market data from WDSuite.
Safety indicators are mixed and should be underwritten with care. The neighborhood’s overall crime rank is 212 out of 469 within the Oakland–Berkeley–Livermore metro, indicating somewhat higher crime than the metro median. Nationally, the area trends around the middle of the pack, but recent year-over-year data show meaningful declines in both violent and property offense rates, suggesting improving conditions compared with many neighborhoods nationwide.
For investors, this translates to standard urban risk management: emphasize security, lighting, access controls, and active property oversight to support resident retention and leasing velocity, while noting the positive directionality in recent safety trends.
Proximity to major employers supports commuter convenience and renter retention, with a concentration of corporate offices accessible within roughly 2–8 miles. The employers below reflect the core demand drivers for professional tenants in this submarket.
- Clorox — consumer products HQ (1.9 miles) — HQ
- Gap — apparel retail HQ (7.9 miles) — HQ
- AIG — insurance (7.9 miles)
- Charles Schwab — financial services (8.0 miles) — HQ
- Salesforce.com — cloud software (8.0 miles) — HQ
This 77-unit, 1982-vintage asset benefits from a top-quartile Oakland Urban Core location with exceptional access to food, retail, and daily-needs amenities. Newer-than-neighborhood-average vintage supports competitive positioning versus older stock, while the area’s elevated renter-occupied share and high-cost ownership market point to sustained multifamily demand. According to commercial real estate analysis from WDSuite, neighborhood occupancy sits near national norms, with leasing supported by a deep tenant base.
Forward-looking dynamics within a 3-mile radius show population growth and a notable increase in households alongside rising incomes, which can bolster the renter pool and help stabilize occupancy over time. Investors should underwrite standard urban risk controls and selective upgrades to maintain competitiveness and retention.
- Amenity-rich Urban Core location ranked 42 of 469 in the metro, supporting tenant appeal and leasing velocity.
- 1982 vintage is newer than local averages, with scope for targeted modernization to enhance rentability.
- High renter-occupied share and elevated ownership costs reinforce depth of demand for multifamily units.
- 3-mile demographics indicate population growth and a larger household base, supporting occupancy stability.
- Risks: safety metrics below national leaders and limited nearby parks; budget for security, activation, and curb appeal.