| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 86th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 210 Lower Via Casitas, Greenbrae, CA, 94904, US |
| Region / Metro | Greenbrae |
| Year of Construction | 1975 |
| Units | 23 |
| Transaction Date | 2025-05-27 |
| Transaction Price | $6,685,000 |
| Buyer | RUTHERFORD GREENBRAE LLC |
| Seller | 210 LOWER VIA CASITAS LLC |
210 Lower Via Casitas Greenbrae Multifamily Investment
Neighborhood-level occupancy rates of 98.6% demonstrate strong rental demand fundamentals in this Marin County market, according to WDSuite's CRE market data.
This Greenbrae neighborhood ranks 8th among 58 metro neighborhoods with an A-rating, reflecting strong fundamentals across housing, demographics, and amenities. The area maintains a 66.4% renter-occupied housing concentration in the 96th percentile nationally, indicating substantial multifamily demand depth. Neighborhood-level occupancy of 98.6% significantly outperforms typical market averages, suggesting stable tenant retention and absorption rates.
Demographics within a 3-mile radius show a mature, high-income tenant base with median household income of $154,868, supporting rent collection stability. Population projections indicate 8.6% growth through 2028 alongside a 40.7% increase in households, expanding the renter pool for multifamily properties. The area's elevated home values at a median of $957,498 and value-to-income ratio in the 98th percentile nationally sustain rental demand by limiting accessibility to ownership options.
Built in 1975, this property aligns with the neighborhood's average construction year of 1973, suggesting consistent building stock without significant vintage disadvantages. The neighborhood offers strong amenity access with cafes, parks, and restaurants all ranking in top percentiles nationally, supporting tenant appeal and retention. However, limited grocery and childcare density may present convenience challenges for some tenant segments.
The neighborhood demonstrates solid safety metrics with a crime rank of 5th among 58 metro neighborhoods, placing it in the 72nd percentile nationally. Property offense rates have declined 44.4% year-over-year, indicating improving security trends that support tenant retention and leasing velocity.
Violent crime rates remain moderate at 20.7 incidents per 100,000 residents, ranking 30th among metro neighborhoods. While not exceptional, the 15.8% year-over-year decline in violent offenses suggests stabilizing conditions that align with investor expectations for a mature suburban market.
The employment base centers on major corporate offices within commutable distance, providing workforce housing demand from professional tenants in financial services, technology, and healthcare sectors.
- Wells Fargo — financial services (12.6 miles) — HQ
- Ameriprise Financial — financial services (12.6 miles)
- Salesforce.com — technology (12.8 miles) — HQ
- Pfizer — pharmaceuticals (12.8 miles)
- McKesson — healthcare services (12.8 miles) — HQ
This 23-unit Greenbrae property benefits from exceptional neighborhood occupancy rates and a concentrated renter base in one of Marin County's most stable multifamily markets. The combination of high home values sustaining rental demand, projected household growth of 40.7% through 2028, and proximity to major Bay Area employers creates favorable conditions for occupancy stability and renewal rates.
Built in 1975, the property offers potential value-add opportunities through strategic renovations while maintaining alignment with neighborhood construction patterns. Strong demographic fundamentals, including high household incomes and educational attainment, support premium rent positioning, though elevated rent-to-income ratios in the 3rd percentile nationally may limit aggressive rent growth strategies.
- Neighborhood occupancy of 98.6% demonstrates exceptional tenant retention and absorption
- 66.4% renter-occupied housing concentration supports deep multifamily demand
- Projected 40.7% household growth through 2028 expands tenant base
- High home values limit ownership competition and sustain rental demand
- Risk: Rent-to-income ratios in 3rd percentile may constrain aggressive rent growth