| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Poor |
| Demographics | 58th | Fair |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 430 28th St, Oakland, CA, 94609, US |
| Region / Metro | Oakland |
| Year of Construction | 1995 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
430 28th St Oakland Multifamily Investment
This 20-unit property built in 1995 sits in an urban core neighborhood ranking in the top quartile nationally for amenities. The area maintains strong rental demand with 64.5% renter occupancy, according to CRE market data from WDSuite.
The property occupies an A-rated urban core neighborhood that ranks 86th among 469 metro neighborhoods, placing it in the top quartile for overall investment fundamentals. This area demonstrates exceptional amenity density, ranking 29th metro-wide with 8.37 grocery stores per square mile—placing it in the 99th percentile nationally. The neighborhood also features robust dining and service options with 35.34 restaurants per square mile.
Demographic data aggregated within a 3-mile radius shows a population of 241,400 with median household income of $117,188, representing 53% growth over five years. The area maintains strong rental demand fundamentals with 67.4% of housing units occupied by renters. Forecasts project continued household formation, with total households expected to increase 40% through 2028, supporting expanded tenant pools for multifamily properties.
The 1995 construction year positions this asset within the neighborhood's building stock, where average vintage dates to 1938. This relatively newer construction suggests reduced near-term capital expenditure needs compared to the area's older housing inventory. Median contract rents of $1,747 reflect competitive pricing, while the neighborhood's 89.8% occupancy rate indicates stable rental absorption, though this represents a slight decline from five-year trends.
Home values averaging $892,855 have appreciated 54% over five years, reinforcing rental demand as elevated ownership costs limit accessibility to homeownership. The rent-to-income ratio of 0.19 suggests manageable affordability for the area's income profile, supporting lease retention and renewal rates for multifamily operators.
The neighborhood's safety profile shows mixed indicators that require careful consideration for investment analysis. Property crime rates rank 422nd among 469 metro neighborhoods, placing the area in the 4th percentile nationally. However, recent trends indicate improvement, with property crime declining 56% year-over-year, ranking 104th metro-wide for crime reduction.
Violent crime statistics follow similar patterns, with current rates ranking in the bottom quartile nationally but showing significant improvement with a 51% year-over-year decline. These improving trends suggest positive momentum in neighborhood safety conditions, though investors should factor current crime levels into tenant screening, security considerations, and insurance planning.
The property benefits from proximity to major corporate headquarters and offices that anchor employment in the greater Oakland-San Francisco region, providing workforce housing opportunities for diverse professional tenant bases.
- Clorox — consumer goods headquarters (1.0 miles) — HQ
- Gap — retail headquarters (7.1 miles) — HQ
- Charles Schwab — financial services headquarters (7.2 miles) — HQ
- Salesforce — technology headquarters (7.2 miles) — HQ
- PG&E Corp — utilities headquarters (7.3 miles) — HQ
This 20-unit property built in 1995 offers exposure to Oakland's urban core fundamentals with strong amenity access and corporate employment proximity. The neighborhood ranks in the top quartile nationally for amenities while maintaining 64.5% renter occupancy, indicating solid rental demand dynamics. Demographic projections show 40% household growth through 2028 within a 3-mile radius, supporting expanded tenant pools and occupancy stability.
The 1995 vintage provides operational advantages over the neighborhood's 1938 average construction year, suggesting reduced near-term capital expenditure needs. Home values of $892,855 sustain rental demand as elevated ownership costs reinforce renter reliance on multifamily housing. However, multifamily property research indicates neighborhood-level occupancy trends show modest decline, requiring active lease management and competitive positioning strategies.
- Strong amenity density ranking 99th percentile nationally for grocery access
- Proximity to major corporate headquarters including Clorox within 1 mile
- Newer construction vintage relative to neighborhood average reduces maintenance exposure
- Projected 40% household growth through 2028 supports tenant demand expansion
- Risk consideration: Current safety metrics rank bottom quartile nationally despite recent improvements