| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 68th | Fair |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 583 Natoma St, San Francisco, CA, 94103, US |
| Region / Metro | San Francisco |
| Year of Construction | 1997 |
| Units | 29 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
583 Natoma St San Francisco Multifamily Investment
High renter concentration and a high-cost ownership market in the neighborhood support durable apartment demand, according to WDSuite’s CRE market data. Investors should balance strong amenity access with signs of softer neighborhood occupancy.
Located in San Francisco’s Urban Core, the neighborhood ranks 28 out of 193 metro neighborhoods (A rating), placing it in the top quartile locally. Amenity density is a clear strength: restaurants and grocery access sit at the 100th national percentile, translating to daily convenience and lifestyle appeal that can aid leasing and retention.
The property’s 1997 construction is newer than the neighborhood average vintage of 1976. For investors, that generally implies relatively competitive building systems versus older stock, while still leaving room for targeted renovations or modernization to capture rent premiums as finishes age.
Tenure patterns point to depth of the renter base: about three-quarters of housing units in the neighborhood are renter-occupied (76.0%), indicating steady multifamily demand. Within a 3-mile radius, demographics show high household incomes and a sizable professional cohort, and forecasts indicate an increase in households, which can expand the renter pool and support occupancy stability.
Home values in the neighborhood sit near the 98th national percentile, reflecting a high-cost ownership market. For multifamily investors, elevated ownership costs tend to reinforce reliance on rentals and can sustain pricing power, though rent-to-income dynamics (with a reported rent-to-income ratio of 0.25) warrant ongoing lease management for retention. Note that neighborhood occupancy tracks below national norms today, so underwriting should account for leasing velocity and potential concessions relative to stronger-cycle periods.
Safety indicators for the neighborhood are weaker than most of the metro: it ranks 184 out of 193 metro neighborhoods, positioning it near the bottom locally and below national averages. Nationally benchmarked percentiles indicate comparatively higher reported offense rates versus many U.S. neighborhoods.
Recent trend data provides some context: estimated year-over-year changes show declines in both violent (-6.5%) and property (-5.6%) offense rates. While this does not resolve broader safety considerations, it suggests directional improvement that owners can monitor when planning security measures, marketing, and resident retention strategies.
Nearby corporate anchors support a large professional workforce and commute convenience for residents, with proximity to McKesson, McKesson Ventures, Pfizer, Celgene, and Wells Fargo helping stabilize renter demand.
- McKesson — healthcare distribution (0.79 miles) — HQ
- McKesson Ventures — healthcare investment (0.79 miles)
- Pfizer — pharmaceuticals (0.99 miles)
- Celgene — biopharma (1.01 miles)
- Wells Fargo — banking (1.09 miles) — HQ
583 Natoma St offers exposure to San Francisco’s Urban Core with exceptional amenity access and a renter-centric housing base. The asset’s 1997 vintage is newer than much of the surrounding stock, providing a competitive position and opportunities for selective value-add to drive rent premiums. According to CRE market data from WDSuite, the neighborhood shows elevated home values that can sustain rental reliance, alongside NOI-per-unit strength at the metro level; however, current neighborhood occupancy trends are softer, warranting disciplined leasing assumptions.
Within a 3-mile radius, high incomes and a large professional workforce underpin demand, and forecasts point to growth in households that can expand the renter pool over time. Proximity to major employers in healthcare and finance adds daily commuter demand, while investors should underwrite security and marketing strategies appropriate for the area’s safety profile and modest school ratings.
- Newer 1997 vintage versus local average, with targeted renovation upside
- Top-tier amenity density supports leasing, retention, and rent positioning
- High-cost ownership landscape supports durable multifamily demand
- Strong nearby employer base adds commuter-driven renter depth
- Risks: below-average neighborhood occupancy and weaker safety metrics require conservative underwriting