| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 66th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 382 Adams St, Oakland, CA, 94610, US |
| Region / Metro | Oakland |
| Year of Construction | 1974 |
| Units | 30 |
| Transaction Date | 2016-01-21 |
| Transaction Price | $7,540,000 |
| Buyer | SOUTH VAN NESS 490 LP |
| Seller | HARCOURT JAMES MICHAEL |
382 Adams St, Oakland CA Multifamily Investment
Urban-core location with deep renter demand and strong amenity access supports leasing potential, according to WDSuite s CRE market data. Neighborhood occupancy trends have been softer recently, favoring hands-on management to stabilize income.
Located in Oakland s Urban Core, the property benefits from dense amenity coverage and a sizable renter base. Grocery and dining options are competitive among the 469 neighborhoods in the Oakland-Berkeley-Livermore metro, with grocery, restaurant, and park density each ranking near the front of the pack, which can aid retention and daily-life convenience for tenants.
The neighborhood shows a high renter concentration (renter-occupied share ranks near the front among 469 metro neighborhoods), indicating depth of the tenant base for multifamily assets. By contrast, the neighborhood s occupancy is below the metro median, signaling potential lease-up and renewal risk that may be mitigated through active asset management, product repositioning, or targeted marketing.
Within a 3-mile radius, demographics point to population growth and an increase in households, with household sizes trending smaller over time. This combination typically supports a larger tenant base and steady absorption for well-managed units. Median household incomes in the 3-mile radius are healthy and rising, which can underpin rent collections and modest pricing power where unit quality is competitive.
Home values in the neighborhood are elevated relative to many U.S. areas, and the value-to-income ratio sits near the top of national ranges. In practice, a high-cost ownership market often sustains reliance on rental housing, supporting demand depth and lease retention for quality multifamily inventory. Median contract rents have trended upward, but rent-to-income levels indicate scope for disciplined revenue management rather than aggressive pushes.
Amenity balance is a mixed positive: strong access to cafes, parks, groceries, and restaurants compares favorably to metro peers, though some household services (such as pharmacies or childcare within the immediate neighborhood) are thinner, which is typical of dense urban districts and may modestly influence certain renter segments.
Safety metrics sit around the middle of the pack within the metro (crime rank is mid-range among 469 Oakland-Berkeley-Livermore neighborhoods), and WDSuite s national benchmarking places the area roughly around the national midpoint overall. Recent year-over-year trends show notable declines in both property and violent offense rates, which is competitive among metro neighborhoods and places the area in stronger national improvement percentiles. Even with these improvements, investors should underwrite with prudent assumptions and consider standard security, lighting, and operating protocols appropriate for an urban-core asset.
Proximity to established corporate employers supports renter demand from professionals seeking short commutes. Nearby anchors include Clorox, Gap, Charles Schwab, Salesforce, and PG&E s corporate offices.
- Clorox — consumer goods (1.3 miles) — HQ
- Gap — apparel retail (7.7 miles) — HQ
- Charles Schwab — financial services (7.8 miles) — HQ
- Salesforce.com — enterprise software (7.8 miles) — HQ
- PG&E Corp. — utilities (7.9 miles) — HQ
382 Adams St offers scale at 30 units with larger-than-typical floor plans for the submarket, positioned in an amenity-rich pocket of Oakland s Urban Core. The asset s 1974 vintage suggests potential value-add through unit and systems modernization to compete against newer stock while leveraging strong neighborhood renter concentration and high-cost ownership dynamics that tend to reinforce multifamily demand. Based on CRE market data from WDSuite, neighborhood occupancy trails metro norms, pointing to an execution-driven opportunity where operational focus, renovations, and targeted leasing can stabilize income.
Within a 3-mile radius, population growth and an increase in households point to a larger tenant base over time, while rising incomes support collections and measured rent growth for well-positioned units. Dense access to groceries, restaurants, parks, and major employment nodes strengthens day-to-day livability and should aid retention once product quality aligns with renter expectations.
- Urban-core location with competitive amenity density among 469 metro neighborhoods supports tenant retention
- High renter concentration and elevated ownership costs reinforce demand depth for multifamily
- 1974 vintage offers value-add potential via unit upgrades and systems modernization
- Demographic tailwinds within 3 miles (population and household growth with rising incomes) bolster the renter pool
- Risks: below-metro neighborhood occupancy and urban safety considerations warrant conservative underwriting and active management