| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 22nd | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 345 Catalina Blvd, San Rafael, CA, 94901, US |
| Region / Metro | San Rafael |
| Year of Construction | 1999 |
| Units | 29 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
345 Catalina Blvd San Rafael Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep in this Urban Core pocket of San Rafael, according to CRE market data from WDSuite, supporting income stability for well-positioned assets. Metrics reflect neighborhood conditions rather than the property and point to durable leasing fundamentals with measured affordability considerations.
Positioned in San Rafael’s Urban Core with a neighborhood rating of C+, the area shows durable renter demand and everyday convenience. Neighborhood occupancy trends rank 5th out of 58 metro neighborhoods (top quartile nationally), indicating tight availability and supportive conditions for stabilized multifamily operations. Amenities are competitive, with grocery access ranking 3rd of 58 and restaurant density 6th of 58; both sit in the low‑to‑mid 90s nationally, signaling strong daily‑needs and dining coverage for residents.
Renter concentration is high, ranking 1st among 58 metro neighborhoods, which points to a sizable base of renter‑occupied units and helps underpin leasing depth and renewal potential. Median home values in the neighborhood are elevated and sit in the mid‑90s nationally, while the value‑to‑income ratio is near the top of national readings; together, this describes a high‑cost ownership market that tends to sustain rental demand and can support pricing power for competitive product. At the same time, neighborhood rent‑to‑income sits in a low national percentile, a signal of affordability pressure that warrants disciplined lease management.
Construction patterns in the broader neighborhood skew older (average vintage in the 1970s), so a 1999 asset can compete well against aging stock, with potential to capture demand from residents seeking relatively newer product. Local amenities score well overall (amenity rank 3rd of 58; top quartile nationally), and pharmacy and cafe density also track above metro medians, supporting day‑to‑day livability that can aid retention.
Demographic statistics aggregated within a 3‑mile radius indicate a high‑income customer base and resilient spending power, with recent years showing elevated mean and median household incomes and projections calling for modest population stabilization and an increase in households. For investors, this suggests a larger tenant base over time and support for occupancy stability, even as household composition and incomes continue to evolve.
School ratings in the neighborhood benchmark below national norms (average rating sits in the lower national percentiles). While this may not be a primary driver for all renter cohorts, it is a consideration for family‑oriented leasing strategies and unit mix positioning.
Neighborhood safety indicators compare favorably versus many areas nationwide, with violent‑offense measures in a higher national percentile (safer relative to peers) and recent year‑over‑year improvement in those trends. Within the metro, the neighborhood’s crime rank sits mid‑pack (26th of 58), so investors should view safety as competitive among San Rafael neighborhoods but not top tier.
Property‑offense readings benchmark in a higher national percentile (safer), yet the most recent annual change shows an uptick that merits routine monitoring. Overall, the directional picture suggests personal‑safety improvements alongside variable property‑crime dynamics—practical for underwriting, security planning, and resident‑experience considerations.
Proximity to major San Francisco employment centers supports commuter convenience and renter retention, with nearby employers spanning banking, software, utilities, healthcare, and financial services.
- Wells Fargo — banking (12.8 miles) — HQ
- Ameriprise Financial — financial services (12.8 miles)
- Salesforce.com — software (12.9 miles) — HQ
- Pfizer — healthcare & pharmaceuticals (13.0 miles)
- PG&E Corp. — utilities (13.0 miles) — HQ
345 Catalina Blvd offers 29 units averaging 722 sq. ft., built in 1999—newer than much of the surrounding neighborhood stock—positioning the asset competitively against older properties while still warranting standard system updates over the hold. Tight neighborhood occupancy (top‑tier locally) and a pronounced renter base support income durability, while elevated for‑sale housing costs in Marin County reinforce reliance on multifamily options. According to CRE market data from WDSuite, the neighborhood sits in high national percentiles for occupancy and amenities, a combination that tends to aid leasing velocity and retention.
Within a 3‑mile radius, incomes are strong and household counts are projected to edge higher, pointing to a larger tenant base over time. Balanced against these strengths are investor considerations: a low national percentile for rent‑to‑income (affordability pressure), below‑average school ratings for family renters, and recent variability in property‑offense trends. Underwriting that emphasizes renewal management, targeted unit renovations, and prudent expense controls can help capture the market’s depth while mitigating these risks.
- Tight neighborhood occupancy and high renter concentration support leasing stability
- 1999 vintage competes well versus older local stock with value‑add and modernization upside
- Elevated ownership costs in Marin underpin multifamily demand and potential pricing power
- 3‑mile demographics show strong incomes and projected household growth, expanding the tenant base
- Risks: affordability pressure (low national rent‑to‑income percentile), variable property‑crime trends, and lower school ratings