| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 90th | Best |
| Amenities | 27th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 141 Flora Ave, Walnut Creek, CA, 94595, US |
| Region / Metro | Walnut Creek |
| Year of Construction | 1972 |
| Units | 60 |
| Transaction Date | 2012-06-04 |
| Transaction Price | $10,700,000 |
| Buyer | Tilden-Oakmont West LLC |
| Seller | Oakmont Apartments |
141 Flora Ave, Walnut Creek CA Multifamily Investment
Neighborhood occupancy is in the metro's top quartile, supporting stable leasing conditions, according to WDSuite's CRE market data. High incomes and a high-cost ownership market in Walnut Creek help sustain renter demand relative to nearby East Bay suburbs.
This suburban Walnut Creek setting carries a B+ neighborhood rating and is competitive among 469 Oakland–Berkeley–Livermore neighborhoods (ranked 168 of 469). Occupancy is strong, landing in the top quartile locally (rank 95 of 469) and the 93rd percentile nationally, which supports day-one stability and reduces downtime risk between turns.
Livability is anchored by essentials. Grocery access trends above national norms (75th percentile) and childcare availability is strong (86th percentile), while cafes, restaurants, parks, and pharmacies are comparatively sparse within the neighborhood footprint. For investors, this pattern favors quiet, needs-based tenancy; marketing should emphasize everyday convenience rather than entertainment.
Home values sit in the national 99th percentile, and the neighborhood's rent-to-income ratio is relatively modest at 0.18 (38th percentile nationally). In investor terms, a high-cost ownership market can reinforce sustained reliance on multifamily housing, while a lower rent burden can support retention and measured pricing power.
About one-third of neighborhood housing units are renter-occupied (72nd percentile nationally), indicating a meaningful tenant base without oversaturation. The average neighborhood vintage is 1981, while the subject property was built in 1972—an older profile that typically warrants targeted capital planning and presents value-add potential to compete against 1980s-and-newer stock. Based on commercial real estate analysis from WDSuite, area rents are high (96th percentile nationally), suggesting upgraded finishes and operations can be monetized if aligned with local affordability.
Demographic statistics aggregated within a 3-mile radius show population and households expanding over the past five years, with incomes and contract rents rising. Projections indicate additional household growth over the next five years, pointing to a larger tenant base that can support occupancy durability and steady leasing.
Safety conditions are competitive among Oakland–Berkeley–Livermore neighborhoods (crime rank 171 of 469) and slightly better than the national average overall (54th percentile). Violent-offense estimates trend favorable compared with U.S. neighborhoods (71st percentile), while property-offense levels are around the national median (51st percentile).
Year-over-year trends are mixed: estimated violent incidents declined, while property offenses showed an uptick. Investors may wish to reflect these dynamics in underwriting assumptions and site-level security planning, using recent local trend data for context.
Nearby corporate offices provide a diversified white-collar employment base that supports renter demand and commute convenience for residents, including Chevron, Clorox, Ross Stores, Ryder, and Caterpillar.
- Chevron — energy HQ (11.3 miles) — HQ
- Clorox — consumer products HQ (12.4 miles) — HQ
- Ross Stores — retail HQ (16.2 miles) — HQ
- Ryder — logistics offices (16.8 miles)
- Caterpillar — industrial offices (18.4 miles)
Built in 1972 with 60 units, the asset competes in a neighborhood where occupancy is top quartile among 469 metro peers and high nationally—an attractive setup for income stability. Elevated home values and strong household incomes reinforce reliance on rental housing, while a relatively modest rent-to-income ratio supports retention and measured rent growth, according to CRE market data from WDSuite.
The property is older than the neighborhood average vintage (1981), creating clear value-add pathways through modernization and systems upgrades to stay competitive with 1980s-and-newer stock. Within a 3-mile radius, population and household growth—alongside rising incomes—point to a larger tenant base over the next five years, supporting ongoing leasing strength. Key watch items include comparatively limited dining/park amenities within the immediate neighborhood and a recent uptick in property offenses, which can be managed with focused operations and marketing.
- Strong neighborhood occupancy (top quartile in the metro) supports stable cash flows
- High-cost ownership market and strong incomes reinforce multifamily demand and pricing power
- 1972 vintage offers value-add potential versus newer local stock
- 3-mile demographics indicate expanding household base, supporting tenant demand and occupancy
- Risks: limited neighborhood amenity density and recent property-crime uptick warrant operational focus