| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2530 International Blvd, Oakland, CA, 94601, US |
| Region / Metro | Oakland |
| Year of Construction | 1994 |
| Units | 26 |
| Transaction Date | 2010-10-29 |
| Transaction Price | $422,136 |
| Buyer | DRASNIN MANOR LLC |
| Seller | 2530 ASSOCIATES |
2530 International Blvd Oakland Multifamily Investment
This 26-unit property built in 1994 sits in an urban core neighborhood with 94.4% occupancy rates and strong renter demand, supported by 68% rental housing tenure according to CRE market data from WDSuite.
Located in Oakland's International Boulevard corridor, this property operates within an urban core neighborhood ranked in the top quartile nationally for amenities, with exceptional access to dining, parks, and essential services. The area maintains a 94.4% occupancy rate and 68% rental housing tenure, indicating sustained multifamily demand within Oakland's rental-focused housing market.
Demographics within a 3-mile radius show a stable tenant base with 246,540 residents and modest population growth of 1.2% over five years. The area's $109,141 median household income supports rental affordability, while projected household growth of 41.3% through 2028 suggests expanding renter demand. With 61.4% of housing units occupied by renters, the neighborhood demonstrates strong fundamentals for rental property performance.
The property's 1994 construction year aligns with the neighborhood's building stock, potentially reducing capital expenditure needs compared to older vintage properties. Median contract rents of $1,888 within the 3-mile radius reflect competitive pricing dynamics, while the area's high amenity density - including 7.90 grocery stores per square mile and abundant dining options - supports tenant retention through neighborhood appeal.
The neighborhood's crime metrics show mixed trends, with property offense rates ranking 353rd among 469 metro neighborhoods but demonstrating significant improvement with a 61.4% decrease in property crimes year-over-year. This decline places the area in the 92nd national percentile for crime reduction, indicating positive momentum in public safety conditions.
Violent crime rates remain elevated compared to metro averages, though recent trends show a 66.8% year-over-year decrease, ranking in the 94th percentile nationally for violent crime reduction. Investors should monitor these improving safety trends as they may support tenant retention and property values over time.
The property benefits from proximity to major Bay Area corporate headquarters and offices, providing employment stability for the local workforce and supporting rental demand through convenient commute access.
- Clorox — consumer goods headquarters (2.6 miles) — HQ
- Gap — retail headquarters (8.7 miles) — HQ
- Charles Schwab — financial services headquarters (8.8 miles) — HQ
- Salesforce — technology headquarters (8.9 miles) — HQ
- PG&E Corp — utilities headquarters (9.0 miles) — HQ
This 26-unit property presents a value-add opportunity in Oakland's rental-focused market, with 1994 construction positioning it for potential renovation upside while avoiding extensive capital requirements of older vintage assets. The neighborhood's 94.4% occupancy rate and 68% rental tenure indicate stable demand fundamentals, while projected household growth of 41.3% through 2028 supports long-term tenant pool expansion.
Commercial real estate analysis from WDSuite shows the area ranking in the top quartile nationally for amenities, with strong grocery and dining density supporting tenant retention. The property's International Boulevard location provides transit connectivity and urban amenities while maintaining more attainable entry pricing compared to premium Oakland submarkets.
- Strong rental demand with 94.4% neighborhood occupancy and 68% renter-occupied housing units
- Value-add potential from 1994 construction year allowing renovation without extensive structural work
- Projected 41.3% household growth through 2028 expanding tenant pool within 3-mile radius
- Top quartile amenity access nationally supporting tenant retention and lease renewals
- Risk consideration: Monitor improving but historically elevated crime trends and competitive rental pricing