| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 66th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Vernon St, Oakland, CA, 94610, US |
| Region / Metro | Oakland |
| Year of Construction | 1973 |
| Units | 22 |
| Transaction Date | 1999-09-22 |
| Transaction Price | $1,600,000 |
| Buyer | BLACKLIDGE LUKE A |
| Seller | KALMAR G A |
300 Vernon St Oakland 22-Unit Multifamily Investment
Strong neighborhood renter demand and deep amenity access suggest durable leasing fundamentals, according to WDSuite’s CRE market data. Neighborhood occupancy and rent trends apply to the surrounding area, not this property, and point to steady long-term renter reliance in an Urban Core location.
This Urban Core neighborhood ranks 150 out of 469 within the Oakland-Berkeley-Livermore metro, indicating it is competitive among local neighborhoods for multifamily positioning. Dense retail and lifestyle access stand out: cafes, groceries, restaurants, and parks test near the top nationally, supporting daily convenience and resident retention.
Renter-occupied housing accounts for a high share of local units (73.3%), signaling a sizable tenant base for smaller and mid-sized multifamily assets. While the neighborhood occupancy rate trends below national medians, the depth of the renter pool and amenity concentration can help support leasing velocity and renewal capture in well-managed properties.
Home values in the area sit at elevated levels relative to income, which typically reinforces reliance on multifamily housing and can sustain pricing power during renewals. At the same time, rent-to-income metrics for the neighborhood indicate manageable affordability pressure compared with many coastal submarkets, a dynamic that can aid retention and reduce turnover risk.
The property’s 1973 vintage is newer than the neighborhood’s average construction year (1959). For investors, this generally implies competitive positioning versus older local stock, while still allowing for targeted capital programs (systems, interiors, common areas) to unlock value-add potential and support long-run NOI. Within a 3-mile radius, modest population growth to date and projected increases in households point to a larger tenant base ahead, which can support occupancy stability and leasing performance over time based on CRE market data from WDSuite.
Safety indicators are mixed when viewed in context. The neighborhood’s crime rank sits in the middle of the pack at 215 out of 469 metro neighborhoods, roughly aligning with average conditions in the region. Nationally, composite safety reads around the midpoint as well.
Recent trends show meaningful improvement: both property and violent offense rates have declined sharply year over year, placing the neighborhood in stronger improvement percentiles nationwide. For investors, the takeaway is that current safety levels warrant routine risk management and resident-experience measures, with recent directionality offering a constructive near-term trend.
Nearby corporate employers provide a diversified white-collar employment base that supports renter demand and commute convenience, including Clorox, Gap, AIG, Charles Schwab, and Salesforce.
- Clorox — consumer products HQ (1.1 miles) — HQ
- Gap — retail apparel HQ (7.5 miles) — HQ
- Aig — financial services offices (7.6 miles)
- Charles Schwab — brokerage & wealth management HQ (7.6 miles) — HQ
- Salesforce.com — enterprise software HQ (7.7 miles) — HQ
300 Vernon St offers exposure to an amenity-rich Urban Core pocket with a high concentration of renter-occupied housing and elevated ownership costs that reinforce multifamily demand. The 1973 vintage is newer than much of the neighborhood stock, creating room for targeted renovations to capture value-add upside while maintaining competitive operating costs.
According to CRE market data from WDSuite, the surrounding neighborhood shows strong consumer convenience and a sizable tenant base, with household growth within 3 miles and forecasts pointing to additional renter pool expansion. While neighborhood occupancy trends run softer than national medians, improving safety trajectories and high local incomes support a thesis of stable long-term demand for well-managed, needs-based units.
- Amenity-dense Urban Core location supports leasing velocity and renewal capture.
- High renter-occupied share indicates deep tenant base for 22-unit scale assets.
- 1973 vintage allows targeted interior and systems upgrades for value-add NOI growth.
- Elevated ownership costs reinforce reliance on rentals, aiding pricing power and retention.
- Risk: neighborhood occupancy trends below national medians; performance depends on execution and cost controls.