| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 96th | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 321 Clementina St, San Francisco, CA, 94103, US |
| Region / Metro | San Francisco |
| Year of Construction | 1984 |
| Units | 91 |
| Transaction Date | 2006-03-23 |
| Transaction Price | $10,700,000 |
| Buyer | CEATRICE POLITE LP |
| Seller | TODCO/YBC 2 |
321 Clementina St San Francisco Multifamily Investment
Urban-core location with deep renter demand supported by high-income households and a strong amenity base, according to WDSuite’s CRE market data. Neighborhood occupancy has softened, but elevated ownership costs and proximity to major employers support leasing resilience with careful asset management.
Situated in San Francisco’s Urban Core, the property benefits from an A+ neighborhood rating and the top overall rank among 193 metro neighborhoods, per WDSuite. Amenities are dense by national standards, with abundant restaurants, cafes, grocery options, parks, and pharmacies—favorable for retention and daily convenience.
Neighborhood occupancy is below the metro median and has trended down in recent years, which argues for disciplined leasing and renewal strategies. At the same time, the surrounding ownership market is high-cost relative to incomes, which tends to support sustained reliance on rental housing and helps preserve a stable tenant base during slower leasing cycles.
Within a 3-mile radius, renter-occupied housing comprises a large share of units, indicating strong rental orientation and depth of demand for multifamily. Household incomes are high and median contract rents are elevated, which can support pricing power, provided operators manage affordability pressure to protect retention.
Population within 3 miles has been relatively stable and is projected to edge higher over the next five years, while household counts are expected to expand and average household size to decline—dynamics that typically enlarge the renter pool and support occupancy stability. These local patterns compare favorably to national trends for dense urban markets, based on multifamily property research from WDSuite.
The average construction year in the neighborhood skews newer than this asset. With a 1984 vintage, investors should underwrite ongoing capital planning and consider targeted renovations or modernization to remain competitive against post-1990s stock.
Safety indicators for this Urban Core location are weaker than many parts of the metro, with the neighborhood ranked near the bottom among 193 San Francisco–area neighborhoods. Compared with neighborhoods nationwide, the area sits in a lower safety percentile, though recent data show year-over-year declines in violent offense estimates, suggesting gradual improvement. Investors should incorporate prudent security measures and tenant communication into operations and underwrite accordingly.
The immediate area is anchored by finance, energy, and healthcare corporate offices that reinforce weekday foot traffic and offer commute-friendly housing demand. Notable nearby employers include McKesson, McKesson Ventures, Pfizer, PG&E Corp., and Charles Schwab.
- McKesson — healthcare distribution (0.47 miles) — HQ
- McKesson Ventures — healthcare venture capital (0.47 miles)
- Pfizer — pharmaceuticals (0.62 miles)
- PG&E Corp. — energy & utilities (0.74 miles) — HQ
- Charles Schwab — financial services (0.79 miles) — HQ
321 Clementina St offers scale in San Francisco’s Urban Core with 91 units and connectivity to major employers, dense amenities, and a renter-oriented housing landscape. While neighborhood occupancy has softened, the high-cost ownership market and strong income base underpin renter demand and can support lease-up and renewals with thoughtful pricing and retention strategies. According to CRE market data from WDSuite, the neighborhood’s amenity depth and income profile are competitive both metro-wide and nationally.
Built in 1984, the asset is older than the local average vintage, creating potential for value-add upgrades and systems modernization to enhance positioning against newer stock. Demographics within a 3-mile radius point to stable population with projected growth in households and a sizable renter-occupied share—factors that typically support occupancy stability and long-term demand for multifamily.
- Urban-core location with dense amenities and proximity to HQ employers supports durable renter demand
- High household incomes and elevated home values can sustain pricing power with careful lease management
- 1984 vintage allows targeted renovations and capex to improve competitiveness versus newer properties
- 3-mile demographics indicate a large renter-occupied share and projected household growth, supporting occupancy stability
- Risk: softer neighborhood occupancy and weaker safety metrics require active operations, security planning, and measured underwriting