| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 52nd | Poor |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 250 E 11th St, Oakland, CA, 94606, US |
| Region / Metro | Oakland |
| Year of Construction | 1983 |
| Units | 40 |
| Transaction Date | 2013-07-08 |
| Transaction Price | $2,823,500 |
| Buyer | ELDRIDGE LP |
| Seller | ELDRIDGE II LLC |
250 E 11th St Oakland Multifamily Investment
Renter demand is reinforced by a high neighborhood renter-occupied share and a high-cost ownership market, according to WDSuite’s CRE market data. Occupancy in the surrounding neighborhood has remained solid, supporting income stability for professionally managed assets.
Located in Oakland’s Inner Suburb, the neighborhood scores a B+ and ranks 139 out of 469 metro neighborhoods, which is competitive among Oakland-Berkeley-Livermore neighborhoods. The area’s occupancy is measured at the neighborhood level and sits above many U.S. locations, helping sustain leasing continuity for multifamily assets, based on WDSuite’s CRE market data.
Livability supports renter appeal: grocery access is abundant (top national percentiles), restaurants are dense, and parks are well represented. Cafes are plentiful relative to the nation, though pharmacy options are limited locally, which is a minor convenience trade-off. Average school ratings in the neighborhood are lower than many areas, which may modestly narrow family-driven demand but does not preclude workforce-oriented leasing strength.
Tenure data shows a high share of housing units are renter-occupied within the neighborhood (among the highest nationally). For investors, this signals a deep tenant base and steady turnover velocity typical of urban East Bay submarkets. Elevated home values relative to income (top national percentiles) indicate a high-cost ownership market that tends to reinforce reliance on rental housing and can aid pricing power and retention management.
Within a 3-mile radius, demographics indicate recent population growth with households increasing and average household size edging lower, pointing to a gradual renter pool expansion. Median incomes have trended higher locally, and reported rent levels remain within a range that suggests manageable affordability pressure (as reflected by a relatively low rent-to-income ratio percentile), a constructive backdrop for lease renewals and occupancy stability.
Safety metrics at the neighborhood level sit below national averages, with crime indicators placing the area around the middle of the metro (ranked 286 out of 469) but in lower national percentiles for both property and violent incidents. That said, recent year-over-year trends show notable declines in both categories, suggesting conditions have been improving versus the prior year. Investors should weigh these mixed signals: comparatively elevated incident rates today, but improving momentum.
The address benefits from proximity to a diversified employment base that supports workforce housing demand and commute convenience, notably corporate offices in Oakland and Downtown San Francisco, including Clorox, Gap, AIG, Charles Schwab, and Salesforce.
- Clorox — corporate offices (0.96 miles) — HQ
- Gap — corporate offices (7.33 miles) — HQ
- AIG — corporate offices (7.40 miles)
- Charles Schwab — corporate offices (7.42 miles) — HQ
- Salesforce.com — corporate offices (7.53 miles) — HQ
This 1983-vintage, 40-unit asset is newer than much of the surrounding housing stock, positioning it competitively versus older neighborhood product while leaving room for targeted modernization to enhance rentability and operating efficiency. Neighborhood-level occupancy remains healthy and the renter concentration is among the highest nationally, pointing to a deep tenant base and resilient leasing even as residents weigh urban conveniences against school quality and service mix.
High ownership costs relative to incomes in the neighborhood underpin sustained reliance on rental housing, while within a 3-mile radius, population and household counts are expanding, broadening the renter pool. According to commercial real estate analysis from WDSuite, amenity density (groceries, restaurants, parks) is a local strength, and recent safety trends are improving off a higher baseline—factors that collectively support stable operations with thoughtful risk management.
- 1983 vintage offers competitive positioning versus older stock with value-add and systems-upgrade potential
- High neighborhood renter-occupied share indicates depth of tenant demand and supports occupancy stability
- Elevated home values reinforce rental reliance, aiding pricing power and lease retention
- Amenity-rich location (groceries, restaurants, parks) supports day-to-day livability and leasing appeal
- Risks: below-average safety metrics and lower school ratings; mitigate via security, tenant screening, and amenity investment