| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 48th | Poor |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 370 F St, Colma, CA, 94014, US |
| Region / Metro | Colma |
| Year of Construction | 2010 |
| Units | 119 |
| Transaction Date | 2017-03-09 |
| Transaction Price | $745,000 |
| Buyer | NGUYEN JIMMY |
| Seller | SCALA DEVELOPMENT LP |
370 F St Colma Multifamily Investment
This 119-unit property built in 2010 benefits from strong neighborhood amenity density ranking in the top quartile nationally, with commercial real estate analysis indicating stable rental demand in a high-income corridor.
This Colma neighborhood demonstrates strong investment fundamentals with a B rating among 193 metro neighborhoods. The area ranks in the 95th percentile nationally for amenity density, featuring 10.36 grocery stores per square mile and 29.48 restaurants per square mile, creating an attractive environment for tenant retention.
Demographics within a 3-mile radius show a median household income of $126,124, with 39.1% of housing units renter-occupied. The area's median contract rent of $2,543 reflects the premium location, though rent-to-income ratios indicate affordability pressure that requires careful lease management considerations.
Neighborhood-level occupancy stands at 89.7%, though this has declined 6.5% over five years, suggesting some market softening. The property's 2010 construction year positions it as newer than the neighborhood average of 1966, potentially reducing near-term capital expenditure needs and providing competitive positioning.
Five-year demographic projections show household growth of 34.2% within the 3-mile radius, with median household income forecast to increase 34.7% to $169,865. This expansion in the renter pool supports long-term occupancy stability, while elevated home values at $987,472 median reinforce rental demand by keeping households in the multifamily market.
Crime metrics show mixed performance compared to regional and national benchmarks. The neighborhood ranks 110th among 193 metro neighborhoods for overall crime, placing it near the middle of the pack locally while scoring in the 43rd percentile nationally.
Property crime rates have improved 13.6% year-over-year, indicating positive trend direction. Violent crime has also declined 19.1% annually, suggesting strengthening security conditions that can support tenant retention and leasing velocity.
The submarket benefits from proximity to major corporate employers, providing workforce housing opportunities for professional tenants within reasonable commuting distance.
- Walmart Global eCommerce HQ — retail technology (4.4 miles)
- Core-Mark Holding — distribution services (4.6 miles) — HQ
- Celgene — biotechnology (7.0 miles)
- McKesson — healthcare distribution (8.1 miles) — HQ
- Charles Schwab — financial services (8.4 miles) — HQ
This 119-unit property offers exposure to San Francisco Bay Area rental demand with newer construction providing competitive advantages. Built in 2010, the asset requires less immediate capital investment compared to the neighborhood's 1966 average vintage. According to CRE market data from WDSuite, the location demonstrates exceptional amenity access ranking in the 95th percentile nationally, supporting tenant appeal and retention.
Demographic projections within 3 miles show household growth of 34.2% through 2028, expanding the potential tenant base significantly. High home values at $987,472 median reinforce rental demand by keeping households in the multifamily market, while proximity to major employers like Walmart Global eCommerce and Charles Schwab provides workforce housing opportunities.
- Newer 2010 construction reduces near-term capital expenditure needs
- Exceptional amenity density supports tenant retention and lease-up
- Projected 34.2% household growth expands renter pool through 2028
- High ownership costs reinforce rental demand dynamics
- Risk: Rent-to-income ratios indicate affordability pressure requiring careful lease management