| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 18th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6455 Foothill Blvd, Oakland, CA, 94605, US |
| Region / Metro | Oakland |
| Year of Construction | 1993 |
| Units | 51 |
| Transaction Date | 2011-05-05 |
| Transaction Price | $919,936 |
| Buyer | KENNETH HENRY COURT LP |
| Seller | OAKLAND COMMUNITY HOUSING INC |
6455 Foothill Blvd Oakland Multifamily Investment
Neighborhood-level occupancy is solid and renter demand is deep, according to WDSuite’s CRE market data, suggesting stable leasing fundamentals around the property. These are neighborhood statistics rather than property performance.
Located in Oakland’s Urban Core, the area around 6455 Foothill Blvd shows leasing resilience: neighborhood occupancy is strong relative to many U.S. neighborhoods, and the share of renter-occupied housing units is high, indicating a sizable tenant base. These metrics describe the neighborhood, not the property.
Amenities are mixed but serviceable for daily needs. Overall amenity access ranks competitively among 469 metro neighborhoods (rank 149 of 469), with grocery and park access trending well above national averages, while cafes and pharmacies are thinner locally. For investors, this blend supports day‑to‑day livability and can aid resident retention even if lifestyle amenities are more dispersed.
Home values in the neighborhood sit in the higher range relative to incomes (top national percentiles for value-to-income), creating a high-cost ownership context that can reinforce reliance on rental housing and help support pricing power and lease retention in multifamily. School quality trends below national norms, which may matter for family‑oriented renters and suggests positioning toward value, convenience, or renovated product.
Vintage positioning is a relative strength: the property’s 1993 construction is newer than the neighborhood’s older average stock. This can enhance competitive standing versus pre‑war assets, while still leaving room for targeted modernization or system upgrades to drive value and reduce future capital calls.
Within a 3‑mile radius, population and household counts have grown in recent years and are projected to expand further, with average household size edging lower. For investors, this points to a gradually expanding renter pool and supports occupancy stability over the medium term, based on CRE market data from WDSuite.
Safety trends are mixed and should be weighed in underwriting. The neighborhood sits near the metro median for crime (rank 238 of 469), but compares below the national median for safety. Notably, both violent and property offenses show sharp year‑over‑year declines, indicating recent improvement momentum. Use a conservative assumption set and emphasize on‑site security, lighting, and resident engagement when planning operations.
The surrounding employment base includes a concentration of corporate offices within commutable distance, supporting renter demand and retention through diversified white‑collar and logistics roles. Highlights include Clorox, Ryder, Caterpillar, Gap, and AIG.
- Clorox — consumer products HQ (5.4 miles) — HQ
- Ryder — logistics (8.6 miles)
- Caterpillar — industrial offices (10.4 miles)
- Gap — apparel retail HQ (11.5 miles) — HQ
- AIG — insurance (11.5 miles)
This 51‑unit, 1993‑built asset benefits from solid neighborhood occupancy and a high concentration of renter‑occupied units, pointing to depth in the tenant base and potential leasing stability. The property’s vintage is newer than much of the surrounding housing stock, which can translate to competitive positioning versus older assets, with targeted modernization offering additional value‑add potential. A high‑cost ownership landscape locally tends to sustain multifamily demand, while 3‑mile demographics indicate population and household growth that can support absorption and retention.
According to CRE market data from WDSuite, the neighborhood’s operating backdrop compares above many U.S. areas on occupancy, while amenity access is serviceable for daily needs. Underwriting should account for below‑average school ratings and a safety profile that, while improving, is closer to the metro midpoint; prudent operating practices and resident‑facing enhancements can mitigate these risks.
- Strong neighborhood occupancy and deep renter‑occupied unit share support leasing stability
- 1993 vintage is competitive versus older local stock, with room for targeted upgrades
- High-cost ownership context reinforces reliance on rentals and pricing power
- 3‑mile population and household growth expand the renter pool over time
- Risk: safety and school quality trends warrant conservative assumptions and active management