| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 86th | Best |
| Amenities | 60th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 601 Ansel Ave, Burlingame, CA, 94010, US |
| Region / Metro | Burlingame |
| Year of Construction | 1998 |
| Units | 25 |
| Transaction Date | 1996-05-10 |
| Transaction Price | $325,000 |
| Buyer | BROSNAN CORNELIUS |
| Seller | AMAROLI WILLIAM R |
601 Ansel Ave Burlingame Multifamily Investment
This 25-unit property built in 1998 sits in a B+ rated neighborhood that ranks in the top quartile nationally for demographics and housing metrics. According to CRE market data from WDSuite, the area maintains 94% neighborhood occupancy with strong rental demand fundamentals.
The property sits in an Urban Core neighborhood rated B+ with strong fundamentals for multifamily investors. The area ranks 60th among 193 metro neighborhoods overall, placing it above median for the San Francisco-San Mateo-Redwood City market. Demographic metrics rank in the 86th percentile nationally, while housing indicators achieve the 83rd percentile nationwide.
Built in 1998, this property aligns with the neighborhood's 1973 average construction year while offering more modern amenities and systems that can reduce near-term capital expenditure needs. The area maintains 94% neighborhood occupancy, indicating stable rental demand despite a modest 1.7% decline over five years. Median contract rents of $2,406 have grown 8.8% over the past five years, supporting pricing power for well-positioned properties.
Demographics within a 3-mile radius show 85,649 residents with household income averaging $243,215 and median income of $161,291. The renter-occupied unit share of 46% creates substantial multifamily demand, while 39% of households earn over $200,000 annually, supporting premium rental rates. Population projections indicate 2.7% growth through 2028, expanding the potential tenant base.
Amenity density supports tenant retention with 10.7 restaurants per square mile (91st percentile nationally) and 5.4 childcare facilities per square mile (99th percentile nationally). The area achieves a 4.0 average school rating, ranking in the 84th percentile nationally. However, park access ranks lowest among metro neighborhoods, which may limit outdoor recreation appeal for some tenant segments.
Safety metrics show mixed performance relative to the broader metro area. Property offense rates of 1,158 incidents per 100,000 residents rank 128th among 193 metro neighborhoods, placing the area below average for property crime. However, the trend shows improvement with property offenses declining 12.9% over the past year.
Violent crime rates remain relatively low at 73 incidents per 100,000 residents, though this ranks 125th among metro neighborhoods. Like property crime, violent offenses have improved with an 8.4% decline year-over-year. Overall crime metrics rank in the 42nd percentile nationally, indicating performance below the national median but with recent positive trends that may support tenant comfort and retention.
The property benefits from proximity to major corporate employers and headquarters that support workforce housing demand in the Peninsula market.
- Sfo Airport Marriott Accounting Office — hospitality services (1.9 miles)
- Gilead Sciences — biotechnology (4.0 miles) — HQ
- Franklin Resources — financial services (4.2 miles) — HQ
- Visa — financial technology (4.4 miles) — HQ
- Walmart Global eCommerce HQ — retail technology (5.1 miles)
The 601 Ansel Ave property presents a compelling opportunity in Burlingame's established rental market. Built in 1998, the asset offers modern systems and finishes that can reduce capital expenditure needs while competing effectively against the neighborhood's 1973 average vintage. According to multifamily property research from WDSuite, the area maintains 94% neighborhood occupancy with demographics ranking in the 86th percentile nationally, indicating strong tenant demand fundamentals.
The 3-mile demographic profile shows substantial rental demand drivers with 46% renter-occupied units and household income averaging $243,215. Population growth projected at 2.7% through 2028 expands the potential tenant base, while proximity to major employers including Gilead Sciences, Visa, and Franklin Resources headquarters supports workforce housing demand. However, investors should monitor the area's below-average safety rankings and limited park access when evaluating tenant appeal and retention strategies.
- B+ neighborhood rating with demographics in 86th percentile nationally
- 94% neighborhood occupancy indicates stable rental demand
- 1998 construction year offers modern systems versus area average
- Proximity to major tech and biotech headquarters supports workforce housing
- Below-average safety metrics require monitoring for tenant retention impact