| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 29th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3700 International Blvd, Oakland, CA, 94601, US |
| Region / Metro | Oakland |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | 2011-08-31 |
| Transaction Price | $50,000 |
| Buyer | NUEVA VISTA PARTNERS LLC |
| Seller | OAKLAND COMMUNITY HOUSING INC |
3700 International Blvd Oakland Multifamily Investment
This 30-unit property built in 1986 sits in an urban core neighborhood with 96th percentile rental occupancy and strong NOI performance according to WDSuite's CRE market data.
The property is located in an urban core neighborhood ranking in the top 15% among 469 Oakland-Berkeley-Livermore metro neighborhoods for NOI per unit performance. Neighborhood-level occupancy sits at 92.9%, with 64.9% of housing units renter-occupied—ranking in the 96th percentile nationally for rental market depth. Contract rents average $1,275 with 25.4% growth over five years, though rent-to-income ratios suggest affordability pressures that require careful lease management strategies.
Built in 1986, the property is newer than the neighborhood average construction year of 1936, potentially reducing near-term capital expenditure requirements compared to surrounding vintage stock. Within a 3-mile radius, the area serves 232,000 residents with projected population growth of 7.3% through 2028, supporting an expanding renter pool. Median household income of $103,870 shows 47% growth over five years, with forecasted increases to $132,484 by 2028.
The neighborhood offers exceptional amenity density with grocery stores ranking in the 99th percentile nationally and restaurant access in the top 1% of neighborhoods. However, childcare and park access rank poorly, which may affect family tenant appeal. The area maintains strong walkability with cafes ranking in the 97th percentile nationally, supporting tenant retention through convenience factors.
Property crime rates rank 390th among 469 metro neighborhoods, placing this area below regional averages. However, crime trends show significant improvement with property offenses declining 58.3% year-over-year, ranking in the 91st percentile nationally for crime reduction. Violent crime rates also decreased 59.6% annually, suggesting positive trajectory in neighborhood safety metrics.
While current crime levels remain elevated compared to metro benchmarks, the substantial year-over-year improvements indicate strengthening conditions that may support tenant retention and lease-up velocity over time. Investors should monitor these trends as part of ongoing property management and tenant screening protocols.
The property benefits from proximity to major Bay Area corporate headquarters and offices, providing workforce housing opportunities for commuting professionals.
- Clorox — consumer goods headquarters (3.4 miles) — HQ
- Gap — retail headquarters (9.4 miles) — HQ
- AIG — insurance offices (9.5 miles)
- Charles Schwab — financial services headquarters (9.5 miles) — HQ
- Salesforce — technology headquarters (9.6 miles) — HQ
This 30-unit property offers exposure to Oakland's strong rental fundamentals with neighborhood-level occupancy at 92.9% and NOI performance ranking in the top 15% among metro neighborhoods. The 1986 construction year provides a balance of reduced maintenance compared to older neighborhood stock while offering potential value-add opportunities through strategic renovations. Population growth projections of 7.3% through 2028 support expanding rental demand, while income growth trends indicate improving tenant quality over time.
According to multifamily property research from WDSuite, the neighborhood's 96th percentile ranking for rental occupancy share demonstrates sustained renter demand despite affordability pressures. The substantial decline in both property and violent crime rates creates a more favorable operating environment, though investors should continue monitoring safety trends as part of asset management protocols.
- Strong occupancy fundamentals with 92.9% neighborhood-level performance
- NOI per unit ranking in top 15% among 469 metro neighborhoods
- Population growth of 7.3% projected through 2028 supports rental demand
- Proximity to major Bay Area employers including Clorox headquarters
- Risk factor: Rent-to-income ratios suggest affordability pressure requiring active lease management