| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 94th | Best |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3845 Harrison St, Oakland, CA, 94611, US |
| Region / Metro | Oakland |
| Year of Construction | 1974 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3845 Harrison St Oakland 45-Unit Multifamily
Neighborhood metrics point to a deep renter pool and resilient demand drivers, with a high renter-occupied share and mid-pack occupancy at the neighborhood level according to WDSuite s CRE market data.
Situated in Oakland s Urban Core, the property benefits from strong day-to-day convenience: grocery access ranks competitively (33rd of 469 in the metro) and park density is among the metro s best (14th of 469), both trends that typically support leasing and retention. Restaurant density tracks well above national norms, while cafe and pharmacy counts are thinner immediately nearby, suggesting residents rely on established commercial corridors for those services.
At the neighborhood level, renter concentration is high (top national quartile), indicating depth in the tenant base and reinforcing multifamily demand. By contrast, occupancy performance sits below the metro median, so underwriting should assume modest lease-up velocity and focus on operations that sustain stabilization rather than outsized growth.
Home values in the area are elevated relative to national benchmarks, and the value-to-income ratio trends high as well. In practice, a high-cost ownership market tends to sustain reliance on multifamily rentals and can support pricing power, particularly for well-maintained assets with good access to amenities.
Within a 3-mile radius, population and household counts have grown in recent years, with projections pointing to further gains by 2028. This expansion, alongside a large cohort of higher-income households, supports a larger tenant base and can help stabilize occupancy through cycles.
The asset s 1974 vintage is newer than the neighborhood s average housing stock (1959), giving it a relative edge versus older comparables. Investors should still plan for system upgrades typical of 1970s construction to protect competitiveness and support rent positioning.
Safety indicators are mixed and should be considered in underwriting and operations. The neighborhood s overall crime rank sits below the metro median (163rd among 469 metro neighborhoods, where lower ranks indicate more crime), yet its national standing is roughly midpack, suggesting conditions compare more favorably nationally than within the metro.
Trend data show notable year-over-year improvement: both property and violent offense estimates have declined sharply, placing these reductions in the upper tier nationally. Even with recent gains, reported levels remain elevated relative to the safest peer areas, so proactive security measures and resident communication can help support retention.
Proximity to major East Bay and San Francisco employers supports commuter convenience and helps deepen the local renter base. Key nearby employers include Clorox, Gap, AIG, Charles Schwab, and Salesforce.
- Clorox consumer products (1.7 miles) HQ
- Gap apparel retail (8.0 miles) HQ
- Aig insurance (8.0 miles)
- Charles Schwab financial services (8.0 miles) HQ
- Salesforce.com software (8.1 miles) HQ
3845 Harrison St offers a 45-unit footprint in Oakland s Urban Core with demand fundamentals anchored by a high renter-occupied share and strong access to parks and groceries. According to CRE market data from WDSuite, neighborhood occupancy sits around the middle of national performance, while the surrounding ownership market remains high cost conditions that typically sustain reliance on rentals and support rent positioning for well-operated assets.
The 1974 vintage is newer than the area s average housing stock, providing relative competitiveness versus older comparables; investors should still plan for targeted system upgrades and common-area refreshes to enhance durability and leasing appeal. Within a 3-mile radius, population and household growth trends, alongside an affluent renter base, point to a larger tenant pool that can aid stabilization and retention through cycles.
- High renter concentration and elevated ownership costs support durable multifamily demand
- 1974 construction is newer than local average, with value-add potential via modernization
- Strong access to parks and groceries enhances livability and resident retention
- Expanding 3-mile population and households indicate a growing renter pool
- Risks: below-metro-median occupancy and mixed safety perceptions require hands-on management