| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 77th | Good |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 828 Franklin St, San Francisco, CA, 94102, US |
| Region / Metro | San Francisco |
| Year of Construction | 1983 |
| Units | 87 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
828 Franklin St San Francisco Multifamily Investment
This 87-unit property benefits from neighborhood-level occupancy of 85.3% and strong renter concentration at 70.7% of housing units, positioning it within San Francisco's competitive urban core rental market according to WDSuite's CRE market data.
Located in San Francisco's Urban Core, this neighborhood ranks 18th among 193 metro neighborhoods with an A rating, placing it in the top quartile for overall investment fundamentals. The area demonstrates exceptional amenity density, ranking in the 100th national percentile for restaurants, cafes, grocery stores, and parks per square mile, supporting strong tenant appeal and retention potential.
The neighborhood maintains a 70.7% renter-occupied housing concentration, ranking 12th among metro neighborhoods and placing in the 97th national percentile nationally. This high renter concentration indicates a deep tenant base and sustained multifamily demand. Demographics within a 3-mile radius show a population of 441,304 with 72.4% renter-occupied units, reinforcing the area's reliance on rental housing.
The property's 1983 construction year is newer than the neighborhood average of 1963, potentially reducing near-term capital expenditure needs compared to surrounding properties. Median home values of $1.2 million create elevated ownership costs that sustain rental demand, while median household incomes of $117,079 support rent levels. However, neighborhood-level occupancy has declined 6.4% over five years to 85.3%, requiring attention to lease management and tenant retention strategies.
Net operating income per unit averages $21,109 in the neighborhood, ranking 19th among metro neighborhoods and placing in the 99th national percentile nationally. This metric reflects the area's strong rent collection potential, though rent-to-income ratios at 21% indicate affordability pressures that could impact lease renewals and tenant retention in economic downturns.
Safety metrics present mixed conditions that require careful consideration. The neighborhood ranks 178th out of 193 metro neighborhoods for overall crime, placing it in the 28th national percentile. Property crime rates are elevated at 8,907 incidents per 100,000 residents, ranking in the 1st national percentile, while violent crime rates reach 3,118 per 100,000 residents, also ranking in the bottom national percentile.
However, recent trends show improvement with property crime declining 17.9% year-over-year and violent crime decreasing 1.0%. These downward trends may indicate stabilizing conditions, though the elevated baseline levels warrant ongoing monitoring for tenant retention and property management considerations.
The property benefits from proximity to major corporate headquarters and offices that anchor employment demand in San Francisco's financial and healthcare sectors, supporting workforce housing needs within a 1.7-mile radius.
- McKesson Ventures — healthcare services (1.2 miles)
- McKesson — healthcare services (1.2 miles) — HQ
- Wells Fargo — financial services (1.3 miles) — HQ
- Pfizer — pharmaceutical (1.4 miles)
- PG&E Corp. — utilities (1.6 miles) — HQ
This 87-unit property in San Francisco's Urban Core presents a value-add opportunity within a top-quartile neighborhood that ranks 18th among 193 metro areas. The 1983 construction year positions the asset newer than the neighborhood average, potentially reducing immediate capital expenditure needs while offering renovation upside potential. Strong renter concentration at 70.7% of neighborhood housing units, combined with elevated home values exceeding $1.2 million, creates sustained rental demand that limits ownership competition.
Exceptional amenity density ranking in the 100th national percentile supports tenant retention, while proximity to major employers including McKesson and Wells Fargo headquarters within 1.3 miles provides employment stability. According to multifamily property research, neighborhood-level NOI per unit averaging $21,109 demonstrates strong rent collection potential. However, declining occupancy trends and elevated crime metrics require active management strategies to optimize performance and mitigate retention risks.
- Top-quartile neighborhood ranking with A-rated fundamentals and exceptional amenity density
- Strong renter concentration at 70.7% supported by elevated ownership costs exceeding $1.2M median
- Proximity to major corporate headquarters including McKesson and Wells Fargo within 1.3 miles
- 1983 construction newer than neighborhood average, reducing near-term capital needs
- Risk factors include declining neighborhood occupancy trends and elevated crime metrics requiring active management