| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 80th | Best |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5815 Martin Luther King Jr Way, Oakland, CA, 94609, US |
| Region / Metro | Oakland |
| Year of Construction | 1976 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5815 Martin Luther King Jr Way Oakland Multifamily
Neighborhood fundamentals point to resilient renter demand in a high-cost ownership market, according to WDSuite’s CRE market data. The core takeaway for investors is demand depth supported by strong amenities and a sizable renter-occupied base.
Positioned in Oakland’s Urban Core, the neighborhood ranks in the top quartile among 469 metro neighborhoods overall, indicating competitive fundamentals for multifamily relative to the region. Amenity access is a differentiator: cafes and grocery options score in the top tier nationally, with local amenity ranks competitive among Oakland–Berkeley–Livermore peers, supporting day-to-day livability and lease retention.
Renter-occupied housing accounts for a substantial share of units in the neighborhood (top quartile renter concentration among 469 metro neighborhoods), which typically signals a deeper tenant base and steadier leasing velocity. Neighborhood occupancy trends sit around the national mid-range, suggesting generally stable absorption, while median contract rents are high versus national norms, reinforcing the value proposition of well-managed apartments.
Within a 3-mile radius, population and households have grown in recent years and are projected to increase further, expanding the local tenant pool. Income levels are comparatively strong, and the mix skews toward working-age cohorts, which tends to support multifamily demand and occupancy stability.
Home values in the neighborhood are elevated versus national norms and value-to-income ratios rank near the top nationally, indicating a high-cost ownership market. For investors, this typically sustains reliance on rental housing, supporting pricing power and retention for well-located properties.
The property’s 1976 vintage is newer than the neighborhood’s older housing stock, offering relative competitiveness versus pre-war and mid-century assets. Investors should still plan for targeted system updates or modernization to align with current renter expectations and drive return on capital.
Safety indicators for the neighborhood are mixed. Overall crime ranks near the metro midpoint among 469 neighborhoods, while national comparisons show property and violent incident rates that trail broader U.S. benchmarks. Importantly, year-over-year trends indicate sizable declines in both property and violent offense rates, which suggests improving conditions; investors should verify submarket patterns and apply prudent on-site security and operational practices.
Nearby corporate offices anchor a diverse employment base that supports renter demand through short commutes and job concentration. Key employers include Clorox, Gap, AIG, Charles Schwab, and Salesforce.
- Clorox — corporate offices (2.8 miles) — HQ
- Gap — corporate offices (7.5 miles) — HQ
- AIG — corporate offices (7.5 miles)
- Charles Schwab — corporate offices (7.6 miles) — HQ
- Salesforce.com — corporate offices (7.6 miles) — HQ
5815 Martin Luther King Jr Way is a 36-unit, 1976-vintage asset positioned in an Urban Core neighborhood with top-quartile standing among 469 metro neighborhoods. The submarket shows strong amenity access and a sizable renter-occupied share, supporting demand depth and leasing durability. Based on CRE market data from WDSuite, neighborhood NOI-per-unit metrics rank among the strongest locally and nationally, and occupancy sits around the national mid-range—conditions consistent with stable operations for well-managed product.
The asset’s vintage is newer than the neighborhood’s older housing stock, suggesting competitive positioning versus pre-war and mid-century properties, with potential value-add through targeted modernization. Within a 3-mile radius, population and households have increased and are projected to rise further, pointing to a larger tenant base over time. Elevated ownership costs in the area reinforce renter reliance on multifamily housing, supporting pricing power and retention, while investors should account for safety variability and operational controls.
- Urban Core location with top-quartile neighborhood rank among 469 metro peers supports multifamily performance
- Strong amenity access and sizable renter-occupied share indicate durable demand and leasing stability
- 1976 vintage offers competitive positioning versus older stock with value-add potential through modernization
- 3-mile radius population and household growth expand the tenant base and support occupancy
- Risk: safety metrics trail national norms despite recent declines—underwrite security and asset management accordingly