| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 70th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1450 Southgate Ave, Daly City, CA, 94015, US |
| Region / Metro | Daly City |
| Year of Construction | 1973 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1450 Southgate Ave Daly City Multifamily Investment
Strong renter concentration and high-cost ownership dynamics in Daly City support durable tenant demand, according to WDSuite’s CRE market data. Neighborhood occupancy has room to firm, positioning well-run assets to compete on retention and leasing efficiency.
The property sits within an Urban Core neighborhood in the San Francisco–San Mateo–Redwood City metro that rates A- overall and is top quartile among 193 metro neighborhoods. Amenity access is a clear strength: neighborhood measures land in the top quartile nationally for restaurants, cafes, groceries, and pharmacies, offering daily convenience that bolsters renter appeal and supports leasing.
On housing dynamics, neighborhood median rents are elevated relative to national norms (top national percentiles), while the renter-occupied share of housing is also high by national comparison. For investors, this combination indicates a deep tenant base and consistent demand for multifamily units. At the same time, neighborhood occupancy trails national averages, suggesting operators who emphasize renewal management, competitive finishes, and targeted concessions can capture share.
Within a 3-mile radius, demographics show slightly softer population levels in recent years but a modest increase in total households and a trend toward smaller household sizes. Forward-looking projections indicate additional household growth, which points to gradual renter pool expansion and supports occupancy stability for well-positioned assets.
Income levels in the area are high versus national benchmarks, while the rent-to-income relationship sits at comparatively manageable levels for many households. Elevated home values in this high-cost ownership market tend to sustain reliance on rental housing, aiding resident retention and giving well-managed communities measured pricing power without overextending affordability.
Safety indicators for the neighborhood are below metro average among 193 San Francisco–San Mateo–Redwood City neighborhoods and land below the national median when compared nationwide. For investors, this calls for practical operational attention to lighting, access control, and vendor coordination.
Trend-wise, recent data show improvement in violent-offense rates year over year, a constructive signal to monitor alongside property-level safety measures. Comparisons here are neighborhood-level, not block-specific, and should be paired with on-the-ground due diligence.
Proximity to major employers supports commuter convenience and leasing durability, with a mix of e-commerce, distribution, life sciences, hospitality, and healthcare/services represented nearby.
- Walmart Global eCommerce — e-commerce operations (4.4 miles)
- Core-Mark Holding — distribution & corporate offices (5.2 miles) — HQ
- SFO Airport Marriott Accounting Office — hospitality back-office (7.7 miles)
- Celgene — life sciences (7.9 miles)
- McKesson — healthcare distribution & corporate (8.8 miles) — HQ
This Daly City location offers a compelling mix of demand drivers for multifamily: a top-quartile neighborhood rating within the metro, strong amenity density, and a renter-occupied share that is high by national standards. Elevated incomes and a high-cost ownership market reinforce reliance on rental housing, supporting retention. Meanwhile, neighborhood occupancy trends are softer than national averages, creating an opening for operators who lean into renewal management, value-oriented upgrades, and focused leasing to outperform.
According to CRE market data from WDSuite, neighborhood rent levels are among the higher tiers nationally while the rent-to-income relationship remains comparatively manageable, which can underpin stable cash flow for well-run assets. Demographics aggregated within a 3-mile radius point to gradual household growth and smaller average household sizes over time, implying a steady expansion of the renter pool and support for long-run performance, with safety and leasing execution as the primary variables to underwrite.
- Top-quartile neighborhood fundamentals in a high-amenity Urban Core location
- Elevated incomes and high-cost ownership reinforce durable renter demand
- Renter-occupied share supports deep tenant base and retention potential
- Household growth within 3 miles suggests gradual renter pool expansion
- Risks: softer neighborhood occupancy and below-median safety require active management