| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 94th | Best |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 475 Weldon Ave, Oakland, CA, 94610, US |
| Region / Metro | Oakland |
| Year of Construction | 1973 |
| Units | 44 |
| Transaction Date | 1994-06-22 |
| Transaction Price | $2,700,000 |
| Buyer | WALZ ROBERT K |
| Seller | 475 WELDON INVESTORS |
475 Weldon Ave Oakland Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady absorption, with high renter concentration and a high-cost ownership market, according to WDSuite’s CRE market data. These metrics reflect the immediate neighborhood, not the property, and suggest investors can prioritize cash-flow stability over speculative lease-up.
Situated in Oakland’s Urban Core, the area surrounding 475 Weldon Ave shows balanced livability drivers that matter for multifamily: strong everyday conveniences and access to open space. Grocery access ranks among the top quartile nationally, and park density is also top quartile, supporting resident retention and daily convenience. Restaurant availability is competitive among Oakland-Berkeley-Livermore neighborhoods and above national norms, while limited counts for certain services (like pharmacies and cafes) suggest residents rely on nearby districts for some needs.
Renter concentration is high at the neighborhood level, with roughly six in ten housing units renter-occupied, indicating a deep tenant base for mid-size assets and supporting demand across unit types. Neighborhood occupancy trends sit around national norms, so underwriting should focus on operations and positioning versus expecting outsized market-driven occupancy gains. The 1973 vintage is newer than the neighborhood’s older average housing stock, which can be a competitive edge versus pre-1960s buildings, though investors should still plan for system upgrades and selective renovations to meet current renter expectations.
Within a 3-mile radius, population and household counts have grown and are projected to continue increasing, pointing to renter pool expansion and a larger tenant base over the next several years. Median household incomes are high relative to national benchmarks, which supports rent levels, while the area’s elevated home values signal a high-cost ownership market that tends to sustain rental demand and lease retention. Rent-to-income levels are near national norms for coastal metros, giving operators room to balance pricing with retention goals.
Relative to the broader metro, the neighborhood’s overall rating sits above the metro median, with strengths in amenities and demographics offset by average occupancy. For investors, this mix favors disciplined operations and targeted value-add to differentiate on finishes and livability, rather than relying on market momentum alone.
Safety indicators are mixed when viewed against nationwide benchmarks. Overall crime conditions are modestly better than national averages (around the mid-range nationally), but property and violent offense metrics sit below national percentiles associated with the safest areas. Recent data shows notable year-over-year declines in estimated offense rates, which is a favorable directional trend, according to WDSuite’s market figures. As with any Urban Core location, investors should underwrite for typical city-center risk controls (lighting, access management, and community engagement) and monitor sub-block variations over time.
When comparing neighborhoods across the Oakland-Berkeley-Livermore metro (469 neighborhoods total), this area is competitive in several livability factors, while safety readings tend to be closer to the metro middle rather than the top quartile. Trend monitoring and property-level management practices will be key to sustaining occupancy and rent collections.
The nearby employment base mixes headquarters and major corporate offices, supporting commuter convenience and steady renter demand from finance, consumer goods, and technology workers. The list below reflects prominent employers within a short to moderate commute that can help underpin leasing stability.
- Clorox — consumer products HQ (1.8 miles) — HQ
- Gap — apparel retail HQ (8.2 miles) — HQ
- Charles Schwab — financial services (8.3 miles) — HQ
- Salesforce.com — enterprise software (8.4 miles) — HQ
- PG&E Corp. — utilities (8.5 miles) — HQ
- Wells Fargo — banking (8.8 miles) — HQ
475 Weldon Ave offers exposure to an Urban Core neighborhood with high renter concentration, strong grocery and park access, and income levels that support sustained rent performance. The 1973 vintage is newer than much of the surrounding housing stock, creating a platform for targeted upgrades that can differentiate against older properties. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends are near national norms but below top-quartile metro peers, suggesting operators who execute on value-add and resident experience can capture stable demand without relying on outsized market lifts.
Within a 3-mile radius, population and household growth—along with projections for additional gains—point to renter pool expansion that supports occupancy stability and renewal rates. Elevated home values in the neighborhood indicate a high-cost ownership market, reinforcing reliance on multifamily housing and providing room for disciplined pricing, while keeping watch on affordability pressure to protect retention.
- High neighborhood renter-occupied share supports a deep tenant base and steady leasing.
- Newer-than-average 1973 vintage enables targeted renovations to outperform older local stock.
- Strong grocery and park access enhances livability and retention relative to national norms.
- Growth within 3 miles indicates a larger future renter pool to support occupancy stability.
- Risks: neighborhood safety readings are mixed and occupancy sits near national averages—plan for active management and thoughtful pricing.