| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 72nd | Fair |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 800 F St, Belmont, CA, 94002, US |
| Region / Metro | Belmont |
| Year of Construction | 2005 |
| Units | 25 |
| Transaction Date | 1994-06-15 |
| Transaction Price | $55,000 |
| Buyer | MENTAL HEALTH ASSN OF SAN MATEO |
| Seller | SURAJ INVESTMENT GROUP LLC |
800 F St Belmont Multifamily Investment Opportunity
This 25-unit property built in 2005 sits in a neighborhood with 95% occupancy rates and strong renter retention fundamentals. CRE market data from WDSuite indicates the area maintains above-average occupancy stability compared to the broader San Francisco metro.
The Belmont neighborhood ranks in the top half among 193 metro neighborhoods for overall investment fundamentals, with particularly strong performance in housing metrics at the 75th percentile nationally. The area maintains a 95% occupancy rate with positive absorption trends, reflecting stable rental demand in this inner suburb location.
Built in 2005, this property represents newer construction compared to the neighborhood average of 1955, potentially reducing near-term capital expenditure requirements while offering competitive positioning against older housing stock. The local rental market shows resilience with median contract rents of $2,086 and 9% growth over five years, though investors should monitor rent-to-income dynamics given the area's high-income demographics.
Demographics within a 3-mile radius support multifamily fundamentals, with a median household income of $190,097 and 43% of housing units occupied by renters. The area benefits from strong amenity density including 5.7 grocery stores per square mile and extensive childcare facilities, supporting tenant retention. Home values exceeding $2 million reinforce rental demand by maintaining elevated ownership costs that sustain renter reliance on multifamily housing.
Safety metrics position this neighborhood competitively among San Francisco metro areas, with property crime rates showing improvement trends. The area ranks 87th of 193 neighborhoods for property offense rates, placing it near the metro median, while recent data indicates a 21% decrease in property crime year-over-year.
Violent crime rates remain low at approximately 30 incidents per 100,000 residents, with the neighborhood ranking 95th of 193 metro areas and showing a 10% improvement over the prior year. These trends support stable occupancy conditions and tenant retention fundamentals for multifamily properties.
The property benefits from proximity to major technology and financial services employers that drive regional workforce housing demand, with several Fortune 500 headquarters within commuting distance.
- Oracle — enterprise software (1.2 miles) — HQ
- Franklin Resources — investment management (2.4 miles) — HQ
- Visa — financial technology (3.1 miles) — HQ
- Gilead Sciences — biotechnology (3.7 miles) — HQ
- Facebook — technology platforms (6.8 miles) — HQ
This 25-unit property offers exposure to stable San Francisco Peninsula fundamentals through a newer vintage asset in a neighborhood demonstrating above-metro occupancy performance. The 2005 construction year positions the property competitively against older area housing stock while potentially reducing near-term capital requirements. Demographic projections show household growth within the 3-mile radius, supporting continued rental demand from a high-income renter base with median incomes approaching $200,000.
The investment case centers on occupancy stability and tenant retention in a supply-constrained market where home values exceeding $2 million maintain rental demand fundamentals. According to commercial real estate analysis from WDSuite, the neighborhood's 95% occupancy rate and declining crime trends support predictable cash flow operations, though investors should evaluate rent growth potential given existing affordability pressures in the high-income tenant base.
- Newer 2005 construction reduces capital expenditure risk compared to area average
- Neighborhood maintains 95% occupancy with positive absorption trends
- Proximity to major tech and financial employers supports workforce housing demand
- High home values sustain rental market participation among affluent households
- Risk consideration: Monitor rent growth potential given existing affordability pressures