| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 86th | Best |
| Amenities | 60th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 729 El Camino Real, Burlingame, CA, 94010, US |
| Region / Metro | Burlingame |
| Year of Construction | 1980 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
729 El Camino Real Burlingame Multifamily Investment
This 22-unit property built in 1980 sits in a B+ rated neighborhood with strong demographics and high-income tenants, according to WDSuite's CRE market data. The area maintains above-average occupancy rates while benefiting from proximity to major tech employers.
The property sits within a B+ rated neighborhood ranking 60th among 193 metro neighborhoods, placing it above the metro median. Demographic statistics aggregated within a 3-mile radius show a median household income of $161,197, ranking in the 94th percentile nationally. The area's 46% renter-occupied housing units support consistent rental demand, while the high-income tenant base provides pricing power for operators.
Built in 1980, this property is slightly newer than the neighborhood average construction year of 1973, suggesting reduced near-term capital expenditure needs compared to older competing assets. Neighborhood-level occupancy stands at 93.9%, indicating stable absorption despite recent softening. Contract rents at $2,406 median reflect the area's premium positioning, ranking 139th among metro neighborhoods in the 96th percentile nationally.
The area demonstrates strong livability fundamentals with school ratings averaging 4.0 out of 5 and ranking in the 84th percentile nationally. Amenity density includes 10.7 restaurants per square mile and 2.15 grocery stores per square mile, both above metro averages. Population projections show 3% growth through 2028, with household formation increasing 30.4%, expanding the potential renter pool and supporting long-term occupancy stability.
Home values at $1.94 million median create affordability pressures that reinforce rental demand, as elevated ownership costs keep households in the multifamily market. The rent-to-income ratio of 0.20 suggests manageable affordability for the high-income demographic, supporting lease retention and renewal rates.
Crime metrics show property offense rates of 1,158 incidents per 100,000 residents, ranking 128th among 193 metro neighborhoods in the 20th percentile nationally. Violent crime rates are notably lower at 73 incidents per 100,000 residents, ranking 125th among metro neighborhoods in the 36th percentile nationally.
Both property and violent crime rates showed year-over-year declines of 12.9% and 8.4% respectively, indicating improving trends. While crime levels remain above national averages for similar neighborhoods, the downward trajectory and the area's strong demographics suggest ongoing improvements in neighborhood conditions that support tenant retention.
The property benefits from proximity to major corporate headquarters and offices that provide employment stability for the high-income tenant base, including Fortune 500 companies within a 5-mile radius.
- Sfo Airport Marriott Accounting Office — hospitality services (1.9 miles)
- Gilead Sciences — biotechnology (4.2 miles) — HQ
- Franklin Resources — financial services (4.3 miles) — HQ
- Visa — financial technology (4.6 miles) — HQ
- Walmart Global eCommerce HQ — e-commerce operations (5.0 miles)
This 22-unit property offers exposure to one of the Bay Area's most affluent rental markets, with neighborhood-level demographics showing median household incomes in the 94th percentile nationally. The 1980 construction year positions the asset for potential value-add opportunities while avoiding the extensive capital needs of older vintage properties. Commercial real estate analysis indicates the area's 93.9% occupancy rate and premium rent levels provide both income stability and pricing power.
Population growth projections of 3% through 2028, combined with 30.4% household formation growth, suggest expanding rental demand that should support occupancy and rent growth. The concentration of major employers within 5 miles, including Visa, Gilead Sciences, and Franklin Resources headquarters, provides employment stability for the high-income tenant base. Home values exceeding $1.9 million median reinforce rental demand by keeping ownership options beyond reach for many households.
- Premium demographics with 94th percentile household incomes support pricing power
- Proximity to Fortune 500 headquarters provides employment stability
- 1980 vintage offers value-add potential without extensive capital needs
- High home values reinforce rental demand and tenant retention
- Risk: Crime rates above national averages may impact tenant appeal despite improving trends