| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 83rd | Best |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 230 Wayne Ave, Oakland, CA, 94606, US |
| Region / Metro | Oakland |
| Year of Construction | 1974 |
| Units | 36 |
| Transaction Date | 2000-10-12 |
| Transaction Price | $70,000 |
| Buyer | UNIVERSITY PRESIDENT ASSOCIATES LP |
| Seller | MOHR WILLIAM P |
230 Wayne Ave Oakland Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and elevated ownership costs, according to WDSuite s CRE market data, which together point to resilient leasing fundamentals. Strengths include proximity to major employers and strong neighborhood amenities, with pricing power moderated by local occupancy trends.
Set in Oakland s Urban Core, the property benefits from strong neighborhood amenities that support renter retention and lease-up. Park access is a standout, ranked 1st among 469 metro neighborhoods and top percentile nationally, while restaurants are dense (ranked 23 of 469) and grocery options are abundant (ranked 71 of 469). Caf e9s and pharmacies are thinner on the ground (both ranked 469 of 469), an operational consideration for daily convenience rather than a demand driver.
The neighborhood s renter-occupied share is high at 74.7%, indicating a deep multifamily tenant base. Median contract rent levels trend in the upper tier locally and have grown over the past five years, while the neighborhood rent-to-income ratio of 0.21 suggests manageable affordability pressure relative to nearby high-cost ownership. Home values are elevated and the value-to-income ratio ranks in the upper percentiles, which typically reinforces renter reliance on multifamily housing and supports pricing discipline.
Within a 3-mile radius, demographics show population and household growth over the last five years, with further gains projected by 2028. Income distributions have shifted upward, expanding the higher-earning cohort and widening the pool of renters able to support market-rate leases. These trends point to a larger tenant base and help underpin occupancy stability for well-positioned assets.
For asset quality, the property s 1974 vintage is newer than the neighborhood s average construction year (1962). That positioning can offer a competitive edge versus older stock, though investors should still plan for modernization of aging systems to maintain renter appeal and capture renovations-driven upside. Average school ratings are mid-level (about 3.0 out of 5; above the national median), adequate for broad renter segments without being a primary premium driver.
Safety indicators are mixed. Nationally benchmarked data place the neighborhood in lower percentiles for both property and violent incidents, signaling that crime levels are elevated compared with many U.S. neighborhoods. However, recent year-over-year trends show notable declines in estimated incident rates, which, if sustained, would be a constructive sign for long-term stability.
Within the Oakland Berkeley Livermore metro, the area reads closer to mid-pack rather than a top performer on safety, based on ranks measured against 469 neighborhoods. Investors typically account for this by emphasizing security features, lighting, and resident engagement, particularly during exterior and common-area upgrades.
Proximity to East Bay and San Francisco CBD employers supports commuter convenience and broad renter demand, led by nearby headquarters and major corporate offices across consumer products, financial services, and technology.
- Clorox consumer products (1.1 miles) HQ
- Gap apparel retail (7.6 miles) HQ
- Charles Schwab financial services (7.7 miles) HQ
- Salesforce.com software & cloud (7.8 miles) HQ
- PG&E Corp. utilities (7.9 miles) HQ
230 Wayne Ave offers a defensible multifamily position in an Urban Core location where elevated ownership costs sustain rental demand and the renter-occupied share is high. Neighborhood rents sit in the upper tier and have advanced over five years; according to CRE market data from WDSuite, the submarket s NOI per unit benchmarks in the top quartile nationally, reflecting strong revenue potential for well-operated assets. Within a 3-mile radius, population and household growth expand the tenant base, and rising incomes support lease durability.
Built in 1974, the asset is newer than the area s average building vintage, offering relative competitiveness versus older stock while still warranting targeted system updates and unit renovations to drive collections and retention. Local occupancy trends have softened from prior peaks, so execution rests on effective leasing, amenity activation, and disciplined expense management to sustain performance through cycles.
- Urban Core location with strong amenities and deep renter pool supporting demand
- Elevated ownership costs reinforce multifamily reliance and pricing discipline
- 1974 vintage newer than area average, with value-add potential via modernization
- Top-quartile NOI per unit nationally signals solid revenue potential for capable operators
- Risk: neighborhood safety and softer occupancy trends require active management and resident-focused operations