| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 66th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 305 Euclid Ave, Oakland, CA, 94610, US |
| Region / Metro | Oakland |
| Year of Construction | 1972 |
| Units | 36 |
| Transaction Date | 2005-04-01 |
| Transaction Price | $4,500,000 |
| Buyer | FONTAINEBLEAU APARTMENTS LLC |
| Seller | FONTAINEBLEAU LLC |
305 Euclid Ave Oakland Multifamily Investment Opportunity
Renter demand is reinforced by a deep tenant base and strong amenity density at the neighborhood level, according to WDSuite’s CRE market data, while recent softness in neighborhood occupancy suggests potential to create value through leasing and operations.
Located in Oakland’s Urban Core, the area surrounding 305 Euclid Ave ranks competitive among 469 Oakland-Berkeley-Livermore neighborhoods (B+ neighborhood rating). Dense access to daily needs and lifestyle amenities helps support leasing: cafes, groceries, parks, and restaurants place the neighborhood in the top national percentiles, while childcare and pharmacies are more limited. For investors, this mix points to convenience for renters with select service gaps to factor into resident experience planning.
The property’s 1972 vintage is newer than the neighborhood’s average construction year of 1959, offering relative competitiveness versus older stock. Investors should still consider mid-life systems and potential modernization to drive rent premiums and retention.
Neighborhood-level rents sit on the higher side regionally, and household incomes benchmark above many areas nationally. A rent-to-income profile at the neighborhood level indicates manageable affordability pressure, which can support lease retention and measured pricing power. At the same time, neighborhood occupancy has trended lower in recent years, signaling the need for disciplined marketing, turn efficiency, and unit positioning to stabilize quickly.
Tenure patterns are favorable for multifamily: a high share of housing units are renter-occupied at the neighborhood level (top national percentiles), indicating a deep renter pool and durable demand for apartments. Within a 3-mile radius, demographics show recent population growth and an increase in households, with forecasts pointing to further renter pool expansion and smaller average household sizes over the next five years. Together, these dynamics support absorption potential and long-term demand for well-positioned units.
Ownership costs in the area are elevated relative to incomes (top national percentiles for home values and value-to-income), which tends to reinforce reliance on rental housing and supports occupancy stability for multifamily assets during typical cycles.
Safety metrics are mixed and should be contextualized. Overall crime performance is around the national middle, while certain categories compare weaker nationally. However, WDSuite’s data indicates notable year-over-year declines in both property and violent offense rates, an improving trend investors should monitor alongside on-the-ground management practices.
Within the Oakland-Berkeley-Livermore metro, the neighborhood’s safety rank sits in the lower half among 469 neighborhoods, underscoring the importance of security-forward operations (lighting, access control, and partnerships with local resources). Nationally, recent downward trends in offense rates suggest conditions have been improving, but underwriting should remain conservative and incorporate continued monitoring.
Proximity to major employers in Downtown Oakland and the nearby San Francisco core supports a broad white-collar renter base and commute convenience, led by consumer products, retail apparel, insurance, financial services, and enterprise software firms.
- Clorox — consumer products (1.3 miles) — HQ
- Gap — apparel retail (7.7 miles) — HQ
- Aig — insurance (7.8 miles)
- Charles Schwab — financial services (7.8 miles) — HQ
- Salesforce.com — enterprise software (7.9 miles) — HQ
This 36-unit asset benefits from a renter-heavy neighborhood with top-tier amenity access and strong household incomes, supporting depth of demand and lease retention. Based on commercial real estate analysis from WDSuite, neighborhood occupancy has softened, indicating near-term operational upside via leasing focus, unit refresh, and community programming to capture demand from a growing 3-mile renter pool.
Built in 1972, the property is newer than much of the area’s housing stock, offering competitive positioning versus older buildings while leaving room for targeted capital planning to modernize systems and interiors. Elevated ownership costs in the surrounding market further support reliance on rentals, while demographic trends point to continued household growth that can sustain absorption.
- High renter-occupied share at the neighborhood level supports a deep tenant base and durable demand
- Amenity-rich Urban Core location enhances leasing velocity and resident retention
- 1972 vintage offers relative competitiveness versus older stock with modernization upside
- Elevated ownership costs reinforce multifamily demand and pricing power potential
- Risk: neighborhood occupancy softness and variable safety conditions require conservative underwriting and proactive management