| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 77th | Good |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1860 Ogden Dr, Burlingame, CA, 94010, US |
| Region / Metro | Burlingame |
| Year of Construction | 1977 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1860 Ogden Dr Burlingame Multifamily Investment
Neighborhood fundamentals point to sustained renter demand and comparatively strong incomes, according to WDSuite’s CRE market data. Occupancy is measured at the neighborhood level and has held near stable, supporting lease retention for well-managed assets.
This Inner Suburb location ranks 44th of 193 San Francisco–San Mateo–Redwood City metro neighborhoods, placing it in the top quartile metro-wide for overall livability. Amenities score in the top quartile nationally, and average school ratings sit among the highest nationwide, reinforcing family appeal and long-run neighborhood stickiness for multifamily operators.
The property’s 1977 vintage is older than the neighborhood’s average construction year (1983), which points to potential value-add through targeted renovations and systems upgrades. Larger floorplans relative to many Bay Area assets can help differentiate product and support renewal rates when paired with thoughtful capital planning.
Renter-occupied housing accounts for roughly two-fifths of units in the immediate area, indicating a meaningful tenant base and depth for multifamily leasing. Elevated home values (top nationally) signal a high-cost ownership market, which typically sustains reliance on rentals and can bolster pricing power; at the same time, the neighborhood’s rent-to-income levels suggest manageable affordability pressure that supports retention.
Within a 3-mile radius, demographics show essentially flat population trends recently with signs of smaller household sizes ahead, implying more households spread across similar population levels. For investors, that shift can translate into steady multifamily demand for well-located, convenience-oriented product. Neighborhood occupancy has hovered around the low-90% range in recent years; while slightly below the metro’s top performers, it remains competitive and, per multifamily property research from WDSuite, supports stable operations for assets with active leasing and renewal strategies.
Safety indicators are mixed. The neighborhood ranks 136th of 193 metro neighborhoods on crime, placing it below the metro median on this measure. Compared with neighborhoods nationwide, violent and property offense rates sit in lower percentiles, though recent trends show property offenses declining year over year, which is a constructive signal for long-term performance.
Investors should calibrate leasing strategies and on-site management to local conditions—security-conscious operations, lighting, and access controls can help mitigate risk and support resident retention, particularly for value-add repositioning.
The area draws from a diverse employment base spanning hospitality corporate functions, e-commerce, wholesale distribution, biopharma, and asset management—supporting demand from professionals seeking short commutes and stability in tenant profiles.
- Sfo Airport Marriott Accounting Office — hospitality corporate accounting (1.1 miles)
- Walmart Global eCommerce HQ — e-commerce operations (3.1 miles)
- Core-Mark Holding — wholesale distribution (5.1 miles) — HQ
- Gilead Sciences — biopharma (6.1 miles) — HQ
- Franklin Resources — asset management (6.3 miles) — HQ
1860 Ogden Dr offers exposure to a top-quartile Inner Suburb neighborhood with nationally strong schools and a deep white-collar employment base. Elevated ownership costs in the area tend to reinforce multifamily reliance, while neighborhood rent-to-income levels indicate manageable affordability pressure that can aid renewal performance. According to commercial real estate analysis from WDSuite, neighborhood occupancy has been relatively steady and competitive, suggesting well-executed operations can sustain stabilized performance.
The 1977 vintage creates a clear value-add path through unit and system updates, particularly given the potential to leverage larger floorplans for differentiation. Nearby anchor employers across life sciences, finance, and technology broaden the renter pool and support leasing resiliency through cycles.
- Top-quartile neighborhood within the 193-area metro with strong amenities and schools
- High-cost ownership market reinforces rental demand and supports pricing power
- 1977 vintage provides value-add upside via renovations and modernization
- Proximity to life sciences, finance, and e-commerce employers underpins leasing
- Risks: crime metrics below metro median and occupancy below top-tier submarkets require attentive management