| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 60th | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 690 15th St, Oakland, CA, 94612, US |
| Region / Metro | Oakland |
| Year of Construction | 1993 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
690 15th St, Oakland CA Multifamily Investment
Positioned in Oakland’s urban core with strong renter concentration, the asset benefits from deep tenant demand and high local amenity access, according to WDSuite’s CRE market data. Neighborhood occupancy is measured for the area rather than the property and trails metro leaders, suggesting focus on leasing execution and resident retention.
Located in Oakland’s Urban Core, the neighborhood ranks 45 out of 469 metro neighborhoods, placing it in the top quartile among Oakland-Berkeley-Livermore submarkets. Amenity access is a clear strength: restaurants and cafes are among the highest concentrations nationally, and grocery and park access also test in the upper percentiles, which supports day-to-day livability and renter appeal.
The area skews strongly renter-occupied (neighborhood renter-occupied share ranks 17 of 469), indicating a deep tenant base and consistent multifamily demand. Neighborhood occupancy is measured for the neighborhood and sits below the metro median (rank 449 of 469), so underwriting should emphasize leasing strategy and renewal management rather than assuming rapid lease-up.
Within a 3-mile radius, demographics point to a growing renter pool: population and households have expanded over the last five years, with forecasts calling for continued population growth and a sizable increase in households alongside smaller average household sizes. This combination typically widens the addressable renter base and can support occupancy stability over time.
Ownership costs are elevated relative to national norms, and neighborhood home values rank in a high national percentile. In practice, a high-cost ownership market can reinforce reliance on multifamily housing, bolstering pricing power when paired with income growth. Median household incomes in the neighborhood test above national medians, while rent-to-income levels suggest watching affordability pressure as part of lease management.
The property’s 1993 vintage is newer than the neighborhood’s older average stock, which can be competitively advantageous versus mid-century assets. Investors should still plan for targeted modernization and systems upkeep typical of early-1990s construction to sustain positioning against newer deliveries.
Safety indicators for the neighborhood are mixed and should be considered in context. The area’s crime rank sits below the metro median (rank 273 of 469), indicating higher reported incidents than many Oakland-Berkeley-Livermore neighborhoods. Nationally, safety percentiles are on the lower end; however, recent year-over-year estimates show meaningful declines in both violent and property offenses, suggesting improving momentum rather than deterioration.
For underwriting, this points to prudent security measures and resident engagement, while recognizing that a downward trend in estimated incidents can support perception over time. Comparisons should be made against peer urban-core neighborhoods rather than suburban benchmarks.
Proximity to major employers supports commuter convenience and multifamily demand, particularly among office and headquarters workforces. The immediate employment base includes Clorox, Gap, AIG, Charles Schwab, and Salesforce.com.
- Clorox — consumer products HQ (0.35 miles) — HQ
- Gap — apparel retail HQ (6.38 miles) — HQ
- AIG — insurance (6.45 miles)
- Charles Schwab — financial services HQ (6.48 miles) — HQ
- Salesforce.com — software HQ (6.56 miles) — HQ
This 26-unit asset benefits from a high-amenity urban setting, strong renter concentration, and a 1993 vintage that compares favorably to the area’s older housing stock. Based on CRE market data from WDSuite, neighborhood rents and incomes trend above national norms while home values are elevated for owners, supporting durable multifamily demand. Neighborhood occupancy is measured for the neighborhood and trails metro leaders, so returns hinge on disciplined leasing, renewals, and targeted upgrades that sustain competitive positioning.
Demographic trends within a 3-mile radius point to continued population growth and an expanding household base with smaller household sizes, which typically enlarges the tenant pool. The property’s scale and average unit size are suited to workforce and professional renters accessing nearby employment centers, with modernization and preventative capital planning key to capturing retention and rent growth.
- Urban-core location with top-quartile neighborhood standing and exceptional amenity access that supports leasing velocity
- Strong renter-occupied share signals deep tenant base and demand resilience
- 1993 vintage offers competitive edge versus older stock, with focused value-add and systems upkeep opportunities
- High-cost ownership market supports multifamily pricing power when paired with income strength
- Risks: neighborhood occupancy below metro median and safety perceptions require proactive leasing and resident experience management