| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 93rd | Best |
| Demographics | 62nd | Poor |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 275 Los Ranchitos Rd, San Rafael, CA, 94903, US |
| Region / Metro | San Rafael |
| Year of Construction | 1990 |
| Units | 96 |
| Transaction Date | 1996-05-15 |
| Transaction Price | $7,384,725 |
| Buyer | KRC SAN RAFAEL LP |
| Seller | TS PROPERTIES LLC |
275 Los Ranchitos Rd San Rafael Multifamily Investment
Neighborhood occupancy is tight with a sizable renter-occupied housing base, supporting leasing stability for well-positioned assets, according to WDSuite’s CRE market data. Strong local incomes and a high-cost ownership landscape in San Rafael underpin consistent renter demand.
Situated in Marin County s Urban Core, the neighborhood around 275 Los Ranchitos Rd carries a B+ rating and is competitive among San Rafael s 58 neighborhoods. WDSuite s CRE market data indicates neighborhood occupancy is very tight, and the share of housing units that are renter-occupied is elevated together signaling depth in the tenant base and support for sustained leasing.
Everyday convenience is well-covered by groceries and parks, which rank in higher national percentiles, while immediate access to cafes and pharmacies is thinner within the neighborhood boundary. For investors, that mix suggests reliable day-to-day amenities with some retail gaps that properties often address through on-site services or nearby corridors.
Within a 3-mile radius, demographics point to a high-income renter pool and projected population growth over the next five years, which expands the prospective tenant base. Median contract rents in the area have trended upward in recent years and are projected to continue rising, reinforcing pricing power for well-managed communities while highlighting the need for careful lease management.
Construction in the immediate area skews slightly older than this asset s 1990 vintage. That positioning can be advantageous against older stock, though operators should plan for systems modernization and selective upgrades to maintain competitiveness and capture value-add upside.
Safety indicators compare favorably at the national level. WDSuite s data places the neighborhood in high national percentiles for lower violent and property offense rates, with violent incidents trending down modestly year over year. For investors, this supports resident retention and leasing stability relative to many U.S. neighborhoods, while ongoing monitoring at the submarket level remains prudent.
Regional employment is anchored by major financial services, technology, healthcare, and utilities employers within commuting distance, supporting a diverse renter base and aiding retention for professionally managed assets.
- Wells Fargo corporate offices (16.16 miles) HQ
- Ameriprise Financial corporate offices (16.19 miles)
- Salesforce.com technology (16.33 miles) HQ
- Pfizer healthcare & pharmaceuticals (16.42 miles)
- McKesson healthcare distribution (16.44 miles) HQ
This 96-unit community built in 1990 benefits from tight neighborhood occupancy and a high renter-occupied housing share, indicating depth in local multifamily demand. Elevated home values in San Rafael create a high-cost ownership market that supports reliance on rental housing and underpins pricing power for well-located assets. Based on CRE market data from WDSuite, the surrounding area s rent levels and projections suggest room for continued rent growth, contingent on asset quality and operations.
Within a 3-mile radius, strong household incomes and projected population growth expand the prospective renter pool and support long-term absorption. The property s slightly newer-than-average vintage versus nearby stock can be a competitive edge, while prudent capital planning for modernization helps capture value-add upside. Key watch items include affordability pressure for some cohorts and the need to differentiate through management, finishes, and amenities.
- Tight neighborhood occupancy and elevated renter-occupied share support leasing stability
- High-cost ownership market reinforces renter reliance and pricing power
- 1990 vintage offers competitive positioning with targeted upgrade potential
- 3-mile demographics point to a high-income tenant base and projected renter pool expansion
- Risks: affordability pressure and need for operational differentiation to sustain absorption