| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 52nd | Poor |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 619 E 10th St, Oakland, CA, 94606, US |
| Region / Metro | Oakland |
| Year of Construction | 2008 |
| Units | 75 |
| Transaction Date | 2014-12-01 |
| Transaction Price | $24,700,000 |
| Buyer | Berkshire Group |
| Seller | Madison Park Financial Corporation |
619 E 10th St Oakland Multifamily Investment
Renter-occupied housing is prevalent in this Oakland inner-suburb, supporting a deep tenant base and steady leasing, according to WDSuite’s CRE market data informed commercial real estate analysis. Newer construction at the asset level further positions it to compete against older neighborhood stock.
Situated in Oakland’s Inner Suburb, the neighborhood rates B+ and ranks 139 out of 469 metro neighborhoods, placing it above the metro median. Amenity access is a relative strength: grocery and dining densities score in the mid-to-high national percentiles, and parks and cafes are also plentiful by national comparison. Pharmacy access is limited locally, which may slightly reduce daily-convenience appeal.
With a neighborhood-average construction year of 1943, the local stock skews older; a 2008-vintage asset stands competitively newer, which can support renter appeal versus prewar buildings while still warranting routine system updates over a long hold. Neighborhood occupancy trends sit above the U.S. median, and renter concentration is high (renter-occupied share ranks among the top neighborhoods in the metro), indicating depth in the tenant pool and potential resilience for stabilized assets.
Within a 3-mile radius, population and household counts have risen over the last five years, with forecasts pointing to further household growth and smaller average household size—factors that can expand the renter pool and support occupancy stability. Income distribution is broad, with a substantial share of higher-earning households; paired with contract rents that have grown over time, this supports sustained leasing, though operators should manage affordability pressure carefully to preserve retention.
Elevated home values relative to national norms and a high value-to-income ratio characterize a high-cost ownership market. That backdrop typically sustains reliance on multifamily rentals and can reinforce pricing power when units are well-maintained and well-located. For investors conducting multifamily property research, these dynamics—combined with strong amenity access—underline balanced fundamentals with practical operational considerations (e.g., limited pharmacy access, below-average school ratings) to monitor.
Safety indicators are mixed. Compared with other U.S. neighborhoods, the area benchmarks below average on crime safety metrics; within the Oakland–Berkeley–Livermore metro, it falls below the metro average. However, recent year-over-year trends show material declines in both violent and property offense rates, suggesting improvement momentum that investors should track over multiple periods rather than treat as a single-year anomaly.
Given these contrasts—lower relative safety today but improving directionally—operators may account for enhanced security measures and community engagement, while monitoring whether multi-year trend lines continue to improve against metro peers.
The location benefits from proximity to a diversified employment base that supports renter demand and commute convenience, led by consumer goods, retail, finance, and technology employers.
- Clorox — consumer goods HQ (1.2 miles) — HQ
- Gap — retail apparel HQ (7.4 miles) — HQ
- Aig — insurance services (7.5 miles)
- Charles Schwab — financial services HQ (7.5 miles) — HQ
- Salesforce.com — cloud software HQ (7.6 miles) — HQ
This 75-unit, 2008-vintage property offers competitive positioning versus an older neighborhood base, supporting renter appeal and operational durability. Neighborhood occupancy trends are above the national median, renter-occupied share is high, and amenity access (groceries, restaurants, parks) is strong by national benchmarks—all conducive to tenant retention when paired with diligent management. Elevated ownership costs in the area typically reinforce reliance on multifamily rentals, while rent levels relative to incomes suggest manageable affordability pressure that can support lease stability.
According to CRE market data from WDSuite, the immediate area shows rising households within a 3-mile radius and forecast growth, which points to a larger tenant base over time. Key watch items include safety metrics that, while improving year over year, remain below broader benchmarks, and local school ratings that trail national norms—factors to underwrite into marketing, security, and resident-experience plans rather than core demand.
- 2008 vintage competes well against older neighborhood stock, with routine capital planning for systems over hold
- Above-median occupancy and high renter concentration support depth of demand and leasing stability
- Strong amenity access and high-cost ownership market reinforce multifamily reliance and pricing power
- Expanding households within 3 miles indicate a growing tenant base supporting future absorption
- Risks: below-average safety today and low school ratings; mitigate through security, resident experience, and targeted marketing