| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 59th | Poor |
| Amenities | 54th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 935 Cresta Way, San Rafael, CA, 94903, US |
| Region / Metro | San Rafael |
| Year of Construction | 1978 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
935 Cresta Way San Rafael Multifamily Investment
Neighborhood fundamentals point to durable renter demand and tight occupancy in this inner suburban pocket of San Rafael, according to WDSuite’s CRE market data. The takeaway for investors is stable leasing conditions supported by a sizable renter base at the neighborhood level.
Located in an Inner Suburb setting of San Rafael, the property benefits from balanced neighborhood amenities and everyday conveniences. Cafes, parks, and neighborhood services register around the middle of national comparisons, with cafes and parks trending above average, supporting day-to-day livability that helps retention and leasing.
Neighborhood rental dynamics are a core strength. The neighborhood occupancy rate sits in the top quartile among 58 metro neighborhoods, and the share of neighborhood housing units that are renter-occupied is also high by national standards. Together, these indicators suggest a deep tenant pool and support for occupancy stability relative to broader metro trends.
Within a 3-mile radius, demographics show population growth over the past five years with additional gains projected, alongside an increase in households. Rising household counts and generally high incomes expand the local renter pool and underpin demand for professionally managed multifamily. Median contract rents in the neighborhood rank among the highest nationally, which reinforces revenue potential but warrants disciplined lease management.
Construction year averages in the neighborhood skew to the late 1980s, while this asset was built in 1978. The older vintage points to typical capital planning needs and potential value-add or modernization opportunities to enhance competitive positioning against newer nearby stock.
Home values in the neighborhood are elevated versus national benchmarks, which often sustains renter reliance on multifamily housing. At the same time, rent-to-income levels indicate affordability pressure for some households, so operators should emphasize renewal strategy and resident services to support retention.
Safety indicators are mixed but generally favorable in a national context. The neighborhood sits above the national average for safety, while recent year-over-year trends show declines in both property and violent offense rates, based on CRE market data from WDSuite.
Within the San Rafael metro (58 neighborhoods), the area is not among the lowest-crime sub-areas, so prudent onsite measures and lighting/security best practices remain advisable. For investors, the directional improvement and nationally competitive standing support leasing and retention while still warranting routine risk management.
Proximity to major San Francisco financial services and technology employers supports commuter demand and leasing durability for workforce and professional renters. The employers below reflect the nearby corporate base accessible within typical regional commute patterns.
- Wells Fargo — banking & financial services (17.45 miles) — HQ
- Ameriprise Financial — wealth management (17.47 miles)
- Salesforce.com — enterprise software (17.60 miles) — HQ
- Pfizer — biopharma offices (17.71 miles)
- PG&E Corp. — utilities (17.72 miles) — HQ
935 Cresta Way offers exposure to a San Rafael neighborhood with tight neighborhood occupancy, elevated renter-occupied share, and household growth within a 3-mile radius that expands the tenant base. According to CRE market data from WDSuite, neighborhood rents track among the highest nationally, reinforcing revenue potential, while elevated ownership costs locally help sustain reliance on rental housing.
Built in 1978, the asset is older than nearby averages, implying routine capital planning with potential value-add and modernization upside to sharpen competitiveness against late-1980s stock. Key watch items include affordability pressure relative to incomes and standard age-related systems risk, suggesting disciplined expense management and resident retention strategies will be important to the thesis.
- Tight neighborhood occupancy and a deep renter-occupied base support leasing stability
- 3-mile population and household growth expand the tenant pool and support demand
- Elevated home values reinforce renter reliance on multifamily, supporting pricing power
- 1978 vintage offers value-add/modernization potential relative to newer neighborhood stock
- Risk: affordability pressure and aging systems require active renewal and capex planning