| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 66th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 330 Adams St, Oakland, CA, 94610, US |
| Region / Metro | Oakland |
| Year of Construction | 1973 |
| Units | 30 |
| Transaction Date | 2011-08-17 |
| Transaction Price | $3,675,000 |
| Buyer | SCHWARTZ FELSON ARNOLD JEFFREY |
| Seller | KNISS RICHARD DAVID |
330 Adams St Oakland Multifamily Investment
This 30-unit property built in 1973 offers value-add potential in Oakland's rental-dominant market. The neighborhood's 73% renter-occupied housing units provide a stable tenant base, according to CRE market data from WDSuite.
The property sits in an Urban Core neighborhood with strong fundamentals for multifamily investors. With 73% of housing units renter-occupied, this area ranks in the top quartile nationally among 469 metro neighborhoods for rental tenure, indicating robust demand for multifamily housing. The neighborhood maintains a median contract rent of $2,142, positioning it in the 94th percentile nationally, while household income averages $99,886 within the 3-mile radius.
Built in 1973, this property predates the neighborhood's average construction year of 1959, presenting potential capital expenditure considerations alongside value-add renovation opportunities. The area's amenity density supports tenant retention, ranking in the 66th percentile nationally with nearly 10 grocery stores per square mile and 32 restaurants per square mile, both in the top 2% nationally.
Demographics within the 3-mile radius show steady growth with population increasing 3.7% over five years to approximately 253,000 residents. Household formation expanded 5.1% during the same period, supporting rental demand. The area's 66% renter-occupied housing units and projected household growth of 40.8% through 2028 indicate continued expansion of the renter pool, reinforcing occupancy stability for well-positioned multifamily assets.
Home values averaging $847,356 in the neighborhood limit accessibility to ownership, sustaining rental demand. The elevated ownership costs relative to median household income contribute to reliance on rental housing, supporting lease retention and pricing power for multifamily operators in this Urban Core location.
Safety metrics show mixed trends that warrant investor consideration. The neighborhood ranks 215th among 469 metro neighborhoods for overall crime, placing it near the median. Property crime rates have declined significantly by 65.8% year-over-year, ranking in the 94th percentile nationally for improvement trends. Violent crime has similarly decreased by 63.2%, though absolute rates remain elevated at 395 incidents per 100,000 residents.
While recent crime reduction trends are encouraging for neighborhood stability, investors should factor current safety conditions into tenant retention strategies and property management approaches. The improving trajectory suggests positive momentum, but ongoing monitoring of local safety initiatives and community development efforts remains prudent for long-term investment planning.
The property benefits from proximity to major corporate employers anchoring the regional economy, providing workforce housing opportunities for professionals commuting to nearby business centers.
- Clorox — consumer products headquarters (1.2 miles) — HQ
- Gap — retail corporate offices (7.6 miles) — HQ
- Charles Schwab — financial services (7.7 miles) — HQ
- Salesforce — technology headquarters (7.7 miles) — HQ
- PG&E Corp — utilities headquarters (7.8 miles) — HQ
This 30-unit property represents a value-add opportunity in Oakland's rental-concentrated market. The neighborhood's 73% renter occupancy rate ranks in the top quartile nationally, providing a stable foundation for multifamily operations. Built in 1973, the asset offers renovation upside potential while benefiting from established neighborhood infrastructure and amenity density that supports tenant retention.
Demographics within the 3-mile radius support long-term rental demand, with household growth of 5.1% over five years and projected expansion of 40.8% through 2028. Elevated home values averaging $847,356 limit ownership accessibility, reinforcing rental housing reliance. According to multifamily property research from WDSuite, the area's Urban Core designation and strong amenity rankings position it favorably for sustained occupancy performance.
- Rental-dominant market with 73% renter-occupied housing units
- Value-add potential from 1973 construction vintage
- Projected 40.8% household growth through 2028 expanding renter pool
- High home values sustain rental demand fundamentals
- Risk: Neighborhood occupancy at 85.5% below metro averages requires active management