| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 59th | Fair |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2943 MacArthur Blvd, Oakland, CA, 94602, US |
| Region / Metro | Oakland |
| Year of Construction | 1992 |
| Units | 23 |
| Transaction Date | 2002-04-25 |
| Transaction Price | $885,000 |
| Buyer | VEMIREDDY VENKATA R |
| Seller | LAKIREDDY PRASAD |
2943 MacArthur Blvd, Oakland — 23-Unit Multifamily Investment
Neighborhood occupancy sits in the mid-90s and renter demand is reinforced by a high-cost ownership market, according to WDSuite s CRE market data. This combination supports income stability while allowing disciplined rent management at the property level.
Set within Oakland s Urban Core, the immediate neighborhood shows solid rent and occupancy fundamentals for investors. Neighborhood occupancy is above the national average (top quartile nationally) and roughly mid-pack among 469 metro neighborhoods, pointing to durable leasing conditions without the overheating seen in tighter submarkets (per WDSuite s data). Renter-occupied housing accounts for a sizable share of units (competitive among Oakland Berkeley Livermore neighborhoods and high nationally), indicating a deep tenant base for multifamily.
Daily convenience is a relative strength: grocery access ranks in the 97th percentile nationally and restaurants in the 91st percentile, while cafes, parks, childcare, and pharmacies are less concentrated in the immediate blocks. For investors, this mix suggests everyday essentials are close by, with selective lifestyle amenities reached via nearby corridors rather than on the doorstep.
Home values sit in the upper tier nationally, and the value-to-income ratio is also elevated (both around the 96th percentile). In practice, this high-cost ownership environment tends to sustain reliance on multifamily rentals, supporting retention and pricing power when managed carefully. Rent-to-income sits lower versus many coastal peers, implying affordability pressure is more manageable locally than headline home values suggest.
Within a 3-mile radius, population has grown in recent years and households increased, with forecasts calling for further population growth and a notable rise in household counts. This points to a larger tenant base over time, which can support occupancy stability and absorption for well-positioned assets, based on WDSuite s commercial real estate analysis.
The property s 1992 vintage is materially newer than the neighborhood s older building stock (average 1957). Newer construction relative to the area can enhance competitive positioning versus legacy assets, while investors should still plan for system modernization and targeted renovations to meet current renter expectations.
Safety conditions are mixed when viewed through metro and national lenses. The neighborhood s composite crime ranking is around the metro s middle tier among 469 neighborhoods and roughly mid-range nationally, signaling conditions that are neither among the region s most challenged nor its strongest.
Property and violent offense rates benchmark below national percentiles, indicating higher incident levels than many U.S. neighborhoods; however, WDSuite s data also shows year-over-year declines in both categories that are strong by national comparison (top decile for improvement). For investors, the directional trend is constructive, but prudent operational practices and resident engagement remain important for retention.
Proximity to established employers supports a steady renter pipeline and commute convenience, notably from Clorox, Gap, AIG, Charles Schwab, and Salesforce offices concentrated within 3.6 10.3 miles.
- Clorox consumer products (3.6 miles) HQ
- Gap apparel retail (10.1 miles) HQ
- AIG insurance & financial services (10.2 miles)
- Charles Schwab financial services (10.2 miles) HQ
- Salesforce cloud software (10.3 miles) HQ
2943 MacArthur Blvd offers 23 units in a submarket where neighborhood occupancy trends are above national norms and renter concentration is competitive locally, supporting demand depth and leasing stability. Elevated home values relative to incomes reinforce renter reliance on multifamily housing, while rent-to-income levels indicate room for disciplined growth without overextending residents. The 1992 vintage is newer than much of the surrounding stock, positioning the asset well against older comparables while leaving scope for targeted upgrades to drive rent premiums and retention.
Within a 3-mile radius, recent population and household gains are projected to continue, expanding the tenant base over the medium term. According to CRE market data from WDSuite, neighborhood-level access to daily amenities is anchored by strong grocery and restaurant density, which supports living convenience and leasing velocity even as lifestyle amenities concentrate along nearby corridors.
- Above-national occupancy and competitive renter concentration support income stability
- High-cost ownership market sustains rental demand and pricing power
- 1992 vintage offers competitive positioning versus older local stock with value-add upside
- 3-mile population and household growth expand the renter pool, aiding absorption
- Risk: safety metrics trail national percentiles despite recent improvement active management remains important