| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 36th | Poor |
| Amenities | 49th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2701 High St, Oakland, CA, 94619, US |
| Region / Metro | Oakland |
| Year of Construction | 1989 |
| Units | 35 |
| Transaction Date | 2011-08-09 |
| Transaction Price | $2,915,000 |
| Buyer | 2701 HIGH STREET LP |
| Seller | DASILVA LUIS ALBERTO |
2701 High St Oakland Multifamily Investment
Neighborhood occupancy trends and a high-cost ownership landscape support durable renter demand, based on CRE market data from WDSuite. Positioned in Oakland’s urban core, the asset benefits from proximity to major employers and steady tenant depth.
Set in Oakland’s Urban Core, the property is in a neighborhood with a meaningful renter-occupied share (44.7% of housing units), which supports depth of the tenant base. Neighborhood occupancy is reported at 96.1%, signaling resilient leasing and helping underpin renewal probabilities and income stability for multifamily operators.
Access to daily needs is a relative strength: grocery stores and restaurants rank in high national percentiles, and park access is similarly strong. Coverage of cafes and pharmacies is thinner locally, which modestly limits walk-to convenience for those specific services. School ratings run low for the neighborhood and may require targeted retention strategies for family renters.
Within a 3-mile radius, demographics show recent population growth with households up and average household size trending lower, and WDSuite’s commercial real estate analysis indicates continued gains in both population and households through 2028. This trajectory typically expands the renter pool and supports occupancy stability. Elevated home values relative to incomes characterize a high-cost ownership market, which can reinforce reliance on rental options and benefit lease retention.
Built in 1989, the asset is newer than much of the surrounding housing stock (which skews pre-war), providing competitive positioning versus older buildings. Investors should still plan for system updates and selective renovations to meet current renter expectations and sustain long-term performance.
Safety indicators are mixed and should be underwritten with current trends. The area’s overall crime position is around the metro middle (ranked 244 out of 469 neighborhoods in the Oakland–Berkeley–Livermore metro) and near the national median (48th percentile). Violent and property offense rates benchmark weaker than the national average, but both categories show meaningful one-year declines.
One-year change metrics for violent and property offenses register in higher national percentiles (top quartile improvement), suggesting conditions have been trending better versus the prior year. Investors should verify on-the-ground conditions and recent comps to calibrate operating protocols, lighting, and access controls appropriately.
A broad employment base across the East Bay and San Francisco supports commuter convenience and steady renter demand. Notable nearby anchors include Clorox, Ryder, Gap, AIG, and Charles Schwab.
- Clorox — corporate offices (4.0 miles) — HQ
- Ryder — logistics (9.9 miles)
- Gap — retail corporate offices (10.3 miles) — HQ
- AIG — insurance (10.4 miles)
- Charles Schwab — financial services (10.4 miles) — HQ
2701 High St is a 35-unit, 1989-vintage multifamily property positioned for durable renter demand. Neighborhood occupancy is reported at 96.1%, and within a 3-mile radius both population and households have grown with further gains forecast, supporting a larger tenant base and occupancy stability. Elevated ownership costs relative to incomes in the area tend to sustain renter reliance, while neighborhood rent-to-income near 25% suggests manageable affordability pressure that can support pricing initiatives with careful lease management, according to CRE market data from WDSuite.
The vintage is newer than much of the local housing stock, offering relative competitiveness versus older assets; targeted modernization can unlock value-add potential. Amenity access to groceries, restaurants, and parks is a strength, though lower school ratings and thinner coverage of cafes/pharmacies are considerations for retention and marketing. Safety trends show recent improvement, warranting continued monitoring and appropriate property-level measures.
- Stable neighborhood occupancy and expanding 3-mile renter pool support leasing and renewals
- High-cost ownership market reinforces rental demand and pricing power potential
- 1989 construction is competitive versus older stock; scope exists for value-add upgrades
- Strong access to groceries, restaurants, and parks enhances livability positioning
- Risks: low neighborhood school ratings, mixed safety levels despite recent improvement, and selective amenity gaps (cafes/pharmacies)