| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 66th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 366 Staten Ave, Oakland, CA, 94610, US |
| Region / Metro | Oakland |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
366 Staten Ave Oakland Multifamily Investment
Neighborhood data points to deep renter demand and strong amenity access supporting leasing potential, according to WDSuite’s CRE market data. Focus is on sustained renter depth rather than short-term swings.
Situated in Oakland’s Urban Core, the property benefits from a neighborhood rated B+ and ranked 150 among 469 metro neighborhoods—competitive within the Oakland-Berkeley-Livermore area. Amenity access is a clear strength: cafes, groceries, parks, and restaurants trend in the top quartile nationally, reinforcing daily convenience that supports tenant retention and leasing velocity.
Renter concentration in the neighborhood is high (measured as the share of housing units that are renter-occupied), placing it among the top quartile locally. For investors, this indicates a broad tenant base and durable multifamily demand, even as the neighborhood occupancy rate has trended below the metro median in recent years. Lease-up may require more active management, but the depth of renters can help stabilize performance over hold periods.
Vintage matters. Built in 1972, the asset is newer than the neighborhood’s older average stock from 1959. That positioning can be competitively advantageous versus pre-1960s product, while owners should still plan for system modernization and targeted renovations to capture value-add upside and preserve operating efficiency.
Demographic statistics within a 3-mile radius show modest population growth historically with further increases in population and households projected, implying a larger tenant base over time. Elevated home values and a high value-to-income ratio in the neighborhood signal a high-cost ownership market, which tends to sustain rental demand and support pricing power for well-maintained units. At the same time, rent-to-income metrics suggest manageable affordability pressure relative to local incomes—useful for lease management and retention strategies.
Safety indicators are mixed. The neighborhood’s crime rank sits near the metro middle (rank 215 out of 469), while national comparisons reflect below-average safety levels. However, year-over-year trends show notable improvement in both violent and property offense estimates, suggesting conditions have been improving. Investors should underwrite with prudent operating protocols and monitor ongoing trends at the neighborhood scale rather than block-by-block assumptions.
Nearby corporate offices provide a diverse employment base that can support renter demand and retention, especially for residents prioritizing commute convenience to Clorox, Gap, AIG, Charles Schwab, and Salesforce.
- Clorox — consumer products HQ (1.2 miles) — HQ
- Gap — apparel HQ (7.6 miles) — HQ
- Aig — insurance (7.7 miles)
- Charles Schwab — financial services HQ (7.7 miles) — HQ
- Salesforce.com — software HQ (7.8 miles) — HQ
366 Staten Ave is a 24-unit asset positioned in an amenity-rich Oakland Urban Core neighborhood with a deep renter pool and high-cost ownership backdrop—factors that typically support multifamily demand and rent durability. Based on CRE market data from WDSuite, the neighborhood skews renter-occupied and ranks competitively in the metro for amenities, while occupancy at the neighborhood level has trended below the metro median, warranting attentive leasing strategy.
Constructed in 1972, the property is newer than much of the surrounding pre-1960s stock, offering relative competitiveness with potential value-add through targeted system updates and interior refreshes. Demographic indicators within a 3-mile radius point to population growth and a projected increase in households, expanding the tenant base over time and supporting long-term absorption. Key underwriting considerations include safety variability and the need for active management to maintain occupancy and pricing.
- Amenity-rich Urban Core location with top-tier access that supports tenant retention
- Large renter-occupied share indicates deep tenant base and demand resilience
- 1972 vintage offers competitive positioning vs. older local stock with value-add potential
- 3-mile demographics show population and household growth supporting absorption
- Risks: neighborhood-level occupancy below metro median and mixed safety profile require active management