| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 68th | Fair |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 54 McAllister St, San Francisco, CA, 94102, US |
| Region / Metro | San Francisco |
| Year of Construction | 1986 |
| Units | 100 |
| Transaction Date | 2018-05-15 |
| Transaction Price | $43,000,000 |
| Buyer | MERCY HOUSING CALIFORNIA 75 L P |
| Seller | DOROTHY DAY COMMUNITY L P |
54 McAllister St, San Francisco Multifamily Investment
Amenity-rich Urban Core location with a deep renter base suggests durable leasing potential, according to WDSuite’s CRE market data, though neighborhood occupancy has eased versus metro norms.
Located in San Francisco’s Urban Core, the property sits in a neighborhood that ranks 28 out of 193 metro neighborhoods overall (top quartile among 193), according to WDSuite’s CRE market data. Amenity density is among the highest nationally (100th percentile for restaurants, groceries, parks, pharmacies, and cafes), supporting walkable convenience that helps retain renters and sustain demand for nearby multifamily assets.
Renter-occupied housing accounts for a high share of units locally (renter concentration near the top of national comparisons), indicating a sizeable tenant base for multifamily. Neighborhood rents sit above national norms, while the occupancy rate for the neighborhood is below the metro average, pointing to competitive leasing conditions that reward well-located, well-managed assets.
Within a 3-mile radius, demographics show strong income profiles and a large working-age cohort, with forecasts indicating an increase in households and a modest reduction in household size over the next five years. For investors, that points to a larger tenant base and potential renter pool expansion, which can support occupancy stability and pricing discipline as new leases cycle.
Median home values are elevated compared with national markets (upper percentiles nationally) and value-to-income ratios sit near the top of U.S. comparisons. In a high-cost ownership market like this, multifamily can benefit from sustained renter reliance on rentals, supporting lease retention and reducing move-out to ownership risk. Average school ratings trail metro and national benchmarks, which may matter less for studios and smaller-unit mixes but is still a consideration for family-oriented demand.
The asset’s 1986 vintage is newer than the neighborhood average stock (1970s era). That typically offers competitive positioning versus older buildings, while still warranting ongoing system updates and targeted renovations to capture value-add upside and strengthen rent positioning.
Safety indicators in this neighborhood track below metro and national averages (crime rank near the bottom of 193 metro neighborhoods and low national percentiles). Recent data from WDSuite notes year-over-year declines in both violent and property offense rates, which is a constructive trend to monitor, but investors should underwrite with conservative assumptions and emphasize on-site security, lighting, and access controls consistent with Urban Core operations.
Proximity to major corporate offices supports weekday foot traffic and convenient commutes, bolstering renter retention and leasing stability for workforce and professional tenants. Notable nearby employers include McKesson Ventures, McKesson, Pfizer, Wells Fargo, and PG&E.
- McKesson Ventures — venture/healthcare investment (0.8 miles)
- McKesson — healthcare distribution (0.8 miles) — HQ
- Pfizer — pharmaceuticals (1.0 miles)
- Wells Fargo — financial services (1.0 miles) — HQ
- PG&E Corp. — utilities (1.2 miles) — HQ
54 McAllister St offers 100 units in an amenity-dense Urban Core neighborhood that scores in the top quartile among 193 metro neighborhoods on overall fundamentals. The 1986 vintage is newer than nearby stock, providing competitive positioning and potential for targeted modernization to drive rent lift. Neighborhood renter concentration is high and homeownership costs are elevated, reinforcing multifamily demand and supporting retention even as neighborhood occupancy trends remain below the metro average.
Within a 3-mile radius, WDSuite’s CRE market data shows strong income levels today and a forecast increase in households, implying renter pool expansion that can underpin leasing and reduce downtime risk. Underwriting should still account for softer neighborhood occupancy benchmarks and operational considerations typical of Urban Core assets, including safety and property management intensity.
- Amenity-rich Urban Core location with national top-tier access to groceries, restaurants, parks, and services supporting leasing velocity
- High renter concentration and elevated ownership costs deepen the tenant base and support retention
- 1986 vintage creates value-add opportunity via targeted system upgrades and unit/interior refreshes
- 3-mile household growth outlook suggests renter pool expansion, aiding occupancy stability
- Risks: neighborhood safety metrics below metro and national norms and below-metro occupancy require disciplined operations and conservative underwriting