| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 83rd | Best |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 561 Boden Way, Oakland, CA, 94610, US |
| Region / Metro | Oakland |
| Year of Construction | 1987 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
561 Boden Way, Oakland CA Multifamily Investment
Positioned in an Urban Core pocket with strong renter concentration, this 27-unit asset benefits from high neighborhood incomes and elevated ownership costs that tend to sustain rental demand, according to WDSuite’s CRE market data. Neighborhood occupancy is monitored at the neighborhood level rather than the property, supporting prudent underwriting and lease management focus.
The immediate neighborhood around 561 Boden Way scores an A within the Oakland-Berkeley-Livermore, CA metro and ranks 66th of 469 neighborhoods, indicating competitive positioning among Oakland submarkets for investors seeking durable renter demand. Restaurants and daily needs are a strength: restaurant density sits in the 99th percentile nationally, grocery access in the 96th percentile, and park access is metro-leading (ranked 1st of 469) — all supportive of livability and retention.
Construction trends matter for asset strategy. With a 1987 vintage in an area where the average construction year is 1962 (older stock), the property is relatively newer than much of the competitive set. This positioning can support leasing versus older product while still warranting targeted modernization for systems and finishes to bolster NOI.
Tenure patterns point to a deep renter pool: 74.7% of housing units are renter-occupied at the neighborhood level (top percentile locally), which typically supports consistent leasing velocity. Within a 3-mile radius, recent growth in population and households, coupled with a forecasted increase through 2028, implies a larger tenant base and supports occupancy stability for multifamily landlords.
Affordability context favors rentals. Elevated home values and a high value-to-income ratio at the neighborhood level indicate a high-cost ownership market, reinforcing renter reliance on multifamily housing and helping pricing power and lease retention. Median school ratings trend around the national middle (61st percentile), while amenity gaps exist in cafes and pharmacies, which investors should weigh against the strong restaurant, childcare (99th percentile), and park access signals. Based on CRE market data from WDSuite, the neighborhood 1 s median contract rent sits near the higher end locally, with rent-to-income around 0.21, suggesting manageable affordability pressure that can aid renewals.
Safety indicators are mixed when compared nationally. Overall crime levels track close to the metro average (mid-pack among 469 Oakland-Berkeley-Livermore neighborhoods) and below the safer end of national comparisons. That said, WDSuite 1 s data shows notable year-over-year declines in both violent and property offense rates at the neighborhood level, signaling improvement momentum that investors should monitor alongside local management practices and security measures.
Nearby corporate offices across consumer products, finance, and technology provide diversified employment nodes that support renter demand and commute convenience for tenants, including Clorox, Gap, AIG, Charles Schwab, and Salesforce.
- Clorox 1 household products (1.4 miles) 1 HQ
- Gap 1 apparel retail (7.9 miles) 1 HQ
- Aig 1 insurance (8.0 miles)
- Charles Schwab 1 brokerage & banking (8.0 miles) 1 HQ
- Salesforce.com 1 enterprise software (8.1 miles) 1 HQ
561 Boden Way offers exposure to an A-rated, Urban Core neighborhood with strong renter concentration and high-cost ownership dynamics that tend to sustain multifamily demand. The 1987 vintage is relatively newer than much of the local housing stock (average 1962), positioning the asset competitively versus older product while leaving room for targeted upgrades to enhance yield. According to CRE market data from WDSuite, neighborhood-level median rents are on the higher side and rent-to-income is around 0.21, which can support renewal performance when paired with effective lease management.
For underwriting, weigh mixed safety benchmarks and mid-pack neighborhood occupancy alongside powerful amenity drivers (parks, restaurants, childcare), diversified nearby employers, and a 3-mile radius outlook that points to continued renter pool expansion. The combination suggests steady leasing fundamentals with value-add potential through modernization and operational execution.
- Urban Core location with A neighborhood rating and strong renter concentration supports depth of tenant demand
- 1987 vintage stands newer than area average, offering competitive positioning plus value-add through targeted updates
- High-cost ownership landscape reinforces multifamily reliance, aiding pricing power and renewal potential
- Proximity to diversified employers (consumer, finance, tech) underpins leasing stability
- Risks: safety metrics below national averages and mid-pack neighborhood occupancy warrant cautious assumptions and active management