| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 82nd | Best |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 308 Jackson St, Oakland, CA, 94607, US |
| Region / Metro | Oakland |
| Year of Construction | 2001 |
| Units | 89 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
308 Jackson St Oakland Multifamily Investment
Renter demand is supported by a high-cost ownership market and strong household incomes, according to WDSuite’s CRE market data, which can aid occupancy stability for well-positioned assets. Built in 2001, the property competes effectively against older neighborhood stock while allowing room for targeted modernization.
Located in Oakland’s Inner Suburb context, the neighborhood rates competitive among Oakland-Berkeley-Livermore’s 469 neighborhoods (overall rank 129), with strengths in educated workforce and daily conveniences that matter to renters. Restaurant and park access benchmark in the mid‑90s nationally, while grocery availability is also strong; cafes and pharmacies are thinner, placing amenities overall around the metro median.
For investors evaluating demand depth, renter-occupied housing is substantial. Within a 3‑mile radius, 71.9% of housing units are renter‑occupied, indicating a deep tenant base. At the neighborhood level, renter concentration also scores high relative to national norms (90th percentile), reinforcing multifamily leasing prospects and renewal potential.
Income and cost signals point to sustained renting: neighborhood home values sit in a high‑cost ownership market (95th percentile nationally), while the rent‑to‑income ratio trends comparatively manageable (lower national percentile), a mix that can support retention and reduce turnover risk. Neighborhood median contract rents trend in the upper national tier, aligning with the area’s higher‑earning households.
Vintage matters for competitiveness. With a 2001 construction year versus an average neighborhood vintage from the early 1980s, the asset is newer than much of the local stock—supporting positioning against older comparables. Investors should still underwrite routine modernization for systems and finishes to maintain pricing power.
Demographics within a 3‑mile radius show recent population growth and a 5‑year increase in households, with forecasts indicating further expansion and smaller average household sizes. This combination points to a larger tenant base and steady demand for professionally managed rental housing over the medium term.
Operating signals are mixed: neighborhood occupancy has softened versus five years ago and trails metro leaders, but NOI per unit performance benchmarks in the upper national percentiles, suggesting that well-managed assets can still perform competitively relative to national comparables based on WDSuite’s commercial real estate analysis.
Safety trends require measured underwriting. Relative to neighborhoods nationwide, the area benchmarks below average on safety, with violent and property offenses comparing unfavorably. Within the Oakland-Berkeley-Livermore metro, the neighborhood sits roughly mid‑pack among 469 neighborhoods. Recent data indicate meaningful year‑over‑year declines in both violent and property offenses, signaling an improving trend, though investors should still budget for security and lighting enhancements and align operating plans with local conditions.
Nearby headquarters and corporate offices underpin a durable employment base that supports renter demand and commute convenience, notably Clorox, Gap, Charles Schwab, Salesforce, and PG&E.
- Clorox — consumer products (0.6 miles) — HQ
- Gap — apparel retail (6.7 miles) — HQ
- Charles Schwab — financial services (6.8 miles) — HQ
- Salesforce.com — enterprise software (6.9 miles) — HQ
- PG&E Corp. — utilities (6.9 miles) — HQ
308 Jackson St offers an 89‑unit, 2001‑built profile in a renter‑oriented Oakland neighborhood where high ownership costs and strong household incomes underpin multifamily demand. Neighborhood rents sit in the upper national tier while rent‑to‑income ratios remain comparatively manageable, supporting retention for well‑amenitized assets. Although neighborhood occupancy has softened versus five years ago, the area’s NOI per unit performance ranks in upper national percentiles, indicating room for operational outperformance with disciplined management, per WDSuite’s CRE market data.
Three‑mile demographics point to population growth, a rising household count, and forecasts for further expansion alongside smaller average household sizes—signals that typically expand the renter pool and support occupancy stability. The 2001 vintage is newer than much of the surrounding stock, offering a competitive position against older assets while leaving scope for targeted value‑add to capture tenant preferences.
- Newer 2001 vintage versus local averages supports competitive positioning and moderate capex planning.
- Deep renter base (3‑mile area) and high‑income households sustain leasing velocity and renewal potential.
- High-cost ownership market reinforces reliance on rental housing and pricing power for quality product.
- Operational upside: strong neighborhood NOI-per‑unit benchmarking and proximity to major employers support performance.
- Risks: below‑average safety benchmarks, softer neighborhood occupancy, and lower school ratings warrant prudent underwriting and active asset management.