| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 87th | Best |
| Amenities | 36th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2211 Hastings Dr, Belmont, CA, 94002, US |
| Region / Metro | Belmont |
| Year of Construction | 1972 |
| Units | 99 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2211 Hastings Dr, Belmont CA Multifamily Investment
Neighborhood fundamentals show a sizable renter-occupied base and above-median occupancy stability for the metro, according to WDSuite s CRE market data. Investors can underwrite demand depth from nearby employers and high-income households while planning for an older 1970s vintage.
Belmont s suburban setting combines strong schools and parks with limited neighborhood retail, creating a quiet residential profile that still supports multifamily demand. School quality is top quartile nationally (100th percentile) and the neighborhood ranks above metro median for overall housing metrics (85th percentile nationwide), based on CRE market data from WDSuite. Parks density scores high (92nd percentile nationally), while cafes are competitive (78th percentile). In contrast, on-neighborhood grocery and pharmacy options are sparse, so residents typically rely on nearby corridors for daily needs.
From an investment perspective, the neighborhood s occupancy rate trends above the metro median (ranked 87th of 193 metro neighborhoods), and median asking rents benchmark near the top of U.S. neighborhoods (98th percentile). The share of housing units that are renter-occupied in the neighborhood is roughly six in ten and sits in a high national percentile, indicating a deep tenant base that can support lease-up and retention management. NOI per unit metrics also place the area in a strong national position (93rd percentile), suggesting revenue potential relative to operating costs.
Vintage is a consideration: the average neighborhood construction year is 1981, while this property s 1972 build is older. That age gap points to potential value-add through interior modernization and system upgrades, which can improve competitive positioning against newer stock and capture premium demand from high-earning renters.
Demographics within a 3-mile radius show very high household incomes and steady household growth over the last five years, with further increases in household counts projected even as population is expected to edge down modestly. This pattern signals demographic shifts that can still support multifamily demand by expanding the tenant base and sustaining occupancy, especially in a high-cost ownership market where elevated home values tend to reinforce rental reliance.
Safety indicators are mixed but broadly comparable to U.S. norms. The neighborhood s crime rank sits near the metro middle (93rd among 193), and national percentiles indicate around-average property crime exposure (roughly the middle of U.S. neighborhoods) and slightly below-average standing for violent crime. Notably, estimated property offenses show a meaningful year-over-year improvement, placing the neighborhood in a stronger national percentile for downward trends. As always, investors should evaluate micro-location and property operations, as conditions can vary within small geographies.
Proximity to major Peninsula employers supports weekday demand and retention, with large corporate campuses and headquarters within a short drive, including Oracle, Franklin Resources, Visa, and Gilead Sciences.
- Oracle Conference Center — corporate offices (2.41 miles)
- Franklin Resources — asset management (2.42 miles) — HQ
- Oracle — enterprise software (2.42 miles) — HQ
- Visa — payments (3.67 miles) — HQ
- Gilead Sciences — biotechnology (4.13 miles) — HQ
2211 Hastings Dr sits in a high-income Peninsula neighborhood where renter demand is reinforced by limited on-neighborhood retail, top-tier schools, and proximity to blue-chip employers. The neighborhood s occupancy rate is above the metro median and rents benchmark near the top nationally; according to CRE market data from WDSuite, the area s renter-occupied share is high versus U.S. neighborhoods, supporting a deeper tenant base and potential leasing stability. Elevated home values in the neighborhood context generally sustain reliance on multifamily housing, aiding pricing power and retention management.
The 1972 vintage is older than the neighborhood s early-1980s average, pointing to clear value-add pathways through interior and building system updates. Within a 3-mile radius, household counts have grown and are projected to increase further even as population is forecast to drift down, indicating demographic shifts that can still expand the effective renter pool and support occupancy.
- Above-median neighborhood occupancy and top-tier rent benchmarks support revenue durability.
- High renter-occupied share and strong incomes underpin depth of demand and retention.
- 1972 vintage offers value-add and CapEx-driven upside versus newer competitive stock.
- Blue-chip employers nearby bolster weekday demand and leasing stability.
- Risks: older building systems and sparse on-neighborhood retail; plan CapEx and resident services accordingly.