| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 80th | Best |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5915 Martin Luther King Jr Way, Oakland, CA, 94609, US |
| Region / Metro | Oakland |
| Year of Construction | 1976 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5915 Martin Luther King Jr Way Oakland Multifamily
High home values and a deep renter base in this Oakland urban core location support durable demand, according to WDSuite 7s commercial real estate analysis. Neighborhood occupancy trends sit near the national mid-range, pointing to steady, management-driven performance rather than lease-up risk.
The property sits in an Urban Core pocket of Oakland that ranks in the top quartile among 469 metro neighborhoods, per WDSuite. Amenity access is a clear strength: cafes and grocery options rank among the metro 7s most concentrated, and restaurants are also competitive, supporting walkable living and day-to-day convenience for renters.
Rents in the neighborhood track high versus the nation, and five-year rent growth has been solid, while the neighborhood occupancy rate trends around the national middle. Within the metro, occupancy performance is below many peers, so execution on renewals and turn timing will matter for maintaining stability. The renter-occupied share is elevated for the metro, indicating a larger tenant base and deeper demand for smaller-format units typical of urban stock.
Within a 3-mile radius, population and households have grown over the past five years, and WDSuite data indicates further increases ahead alongside smaller average household sizes. That combination typically expands the renter pool and supports lease retention for well-managed assets.
Ownership costs in the surrounding neighborhood are high relative to national benchmarks, which tends to sustain reliance on multifamily rentals and can support pricing power for appropriately positioned units. At the same time, limited nearby childcare and pharmacy options suggest residents rely on adjacent districts for certain services, a minor consideration for marketing and tenant expectations.
Safety indicators for the neighborhood sit near the metro middle, based on WDSuite 7s CRE data for Oakland Berkeley Livermore (469 neighborhoods). Compared with neighborhoods nationwide, current levels of both property and violent offenses remain elevated; however, the most recent year shows material declines in estimated rates, indicating improving trends to monitor rather than a resolved condition.
For investors, the takeaway is comparative and directional: performance is competitive among Oakland neighborhoods but not a top performer on national safety benchmarks. Continued improvement would be a tailwind for leasing and retention; conversely, stagnation could pressure marketing costs and concession strategy.
Proximity to established corporate employment cores underpins renter demand and commute convenience. Notable nearby employers include Clorox, Gap, AIG, Charles Schwab, and Salesforce.
- Clorox consumer products (2.8 miles) HQ
- Gap retail apparel (7.5 miles) HQ
- Aig financial services (7.6 miles)
- Charles Schwab financial services (7.6 miles) HQ
- Salesforce.com software (7.6 miles) HQ
This 28-unit, 1976-vintage asset is positioned in an amenity-rich Oakland neighborhood that ranks in the top quartile of the metro and serves a predominantly renter-occupied housing base. According to CRE market data from WDSuite, neighborhood rents are high relative to national levels while occupancy sits near the national middle, suggesting stable demand with performance driven by hands-on leasing and renewal execution.
The 3-mile trade area shows recent population and household growth with projections for further expansion and smaller household sizes, which typically widen the renter pool for efficient floor plans. Elevated home values in the immediate neighborhood reinforce reliance on multifamily housing, supporting pricing power for a well-maintained property. Given the 1976 construction, investors should underwrite selective modernization to enhance competitiveness against both newer deliveries and renovated peers.
- Amenity-dense Urban Core location with top-quartile metro ranking and strong walkability drivers.
- Deep renter-occupied concentration supports demand depth and occupancy stability.
- High local ownership costs bolster renter reliance and pricing power for positioned units.
- 1976 vintage offers value-add through targeted renovations and systems modernization.
- Risks: mid-pack occupancy within the metro and safety metrics below national leaders require active management and marketing discipline.