| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 92nd | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2120 Pacific Ave, San Francisco, CA, 94115, US |
| Region / Metro | San Francisco |
| Year of Construction | 1973 |
| Units | 40 |
| Transaction Date | 1994-08-09 |
| Transaction Price | $50,750 |
| Buyer | WALZ ROBERT K |
| Seller | PACIFIC AVENUE |
2120 Pacific Ave San Francisco Multifamily Investment
This Pacific Heights neighborhood demonstrates strong rental fundamentals with 59.3% renter occupancy and NOI averaging $23,153 per unit according to CRE market data from WDSuite.
Located in one of San Francisco's premier neighborhoods, this property sits within the Pacific Heights area, which ranks 6th among 193 metro neighborhoods with an A+ rating. The neighborhood demonstrates exceptional amenity density, ranking in the 99th percentile nationally for grocery stores (11.17 per square mile), restaurants (34.75 per square mile), and pharmacies, supporting strong tenant retention potential.
The area maintains a 59.3% renter occupancy share, ranking in the 93rd percentile nationally, indicating robust rental demand dynamics. Median household income reaches $183,027 with 98th percentile national ranking, while contract rents average $2,588 for one-bedroom units. The high-income demographic profile, combined with 46.8% of residents holding bachelor's degrees (99th percentile nationally), suggests stable tenant quality and rent collection potential.
Built in 1973, this 40-unit property with average unit sizes of 766 square feet aligns with the neighborhood's older building stock (1935 average construction year). This vintage presents potential value-add opportunities through unit renovations and common area improvements. Within a 3-mile radius, demographics show 381,000 residents with household income growth of 50.2% over five years, supporting continued rental demand as elevated home values ($1.7 million median) reinforce renter reliance on multifamily housing.
The neighborhood's safety profile presents mixed indicators that require careful consideration for property management planning. Property crime rates rank 175th among 193 metro neighborhoods (9th percentile nationally), though recent trends show improvement with property offense rates declining 21% year-over-year. Violent crime rates similarly rank in the lower percentiles nationally at the 5th percentile.
While current crime metrics indicate challenges, the declining trend in both property and violent offenses suggests improving conditions. Investors should factor security measures and tenant screening protocols into operational planning, while monitoring neighborhood improvement initiatives that may further enhance the safety profile over time.
The surrounding Financial District and SOMA areas provide strong employment anchors within commuting distance, supporting workforce housing demand from major corporate tenants.
- Wells Fargo — financial services (1.5 miles) — HQ
- McKesson — healthcare distribution (1.6 miles) — HQ
- Ameriprise Financial — financial services (1.7 miles)
- PG&E Corp. — utilities (1.9 miles) — HQ
- Salesforce.com — technology (1.9 miles) — HQ
This Pacific Heights property offers exposure to one of San Francisco's most established rental markets, with neighborhood fundamentals ranking in the top 6 among 193 metro areas. The 59.3% renter occupancy share and $23,153 average NOI per unit (99th percentile nationally) demonstrate strong cash flow potential supported by high-income demographics and limited ownership alternatives due to $1.7 million median home values.
The 1973 construction year presents value-add opportunities through unit and common area improvements, while the prime location benefits from exceptional amenity access and proximity to major employment centers. Demographic trends within the 3-mile radius show income growth of 50.2% over five years, supporting rental demand sustainability despite current safety considerations that require active management attention.
- Top-tier neighborhood ranking (6th of 193) with A+ rating and exceptional amenity density
- Strong rental fundamentals with 59.3% renter occupancy and $23,153 average NOI per unit
- High-income tenant base ($183,027 median) with 46.8% holding bachelor's degrees
- Value-add potential through renovations of 1973-vintage units
- Crime rates require enhanced security planning and tenant screening protocols