| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 48th | Poor |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 199 San Pedro Rd, Daly City, CA, 94014, US |
| Region / Metro | Daly City |
| Year of Construction | 2001 |
| Units | 74 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
199 San Pedro Rd Daly City Multifamily Investment, 2001 Build
Positioned in a high-cost ownership market that sustains renter reliance, this 2001-vintage asset benefits from steady tenant demand according to WDSuite's CRE market data.
Located in Daly City's Urban Core, the neighborhood carries a B rating and sits in the top quartile for amenities among 193 metro neighborhoods, with strong access to groceries, dining, pharmacies, parks, childcare, and cafes. This concentration of daily-needs retail supports resident convenience and helps leasing visibility for workforce and professional renters.
Home values in the area are elevated relative to both metro and national norms, which reinforces reliance on multifamily housing and supports pricing power and tenant retention for well-managed assets. Neighborhood rent levels are high for the region while rent-to-income measures appear manageable, pointing to disciplined revenue optimization rather than aggressive pushes.
Renter concentration in the neighborhood is 47.5% of housing units, indicating a deep tenant base and durable multifamily demand. Neighborhood occupancy is below the metro median, warranting active lease management and targeted unit positioning to maintain stability.
Within a 3-mile radius, demographics show households have edged higher and are projected to grow further through 2028 even as overall population trends modestly lower, indicating smaller household sizes and a broader renter pool. Rising median incomes in the same radius support absorption for quality units and can mitigate affordability pressure when paired with thoughtful renewals.
The asset's 2001 construction is notably newer than the neighborhood's older average stock, which can enhance competitive positioning versus pre-1980s properties. Investors should still plan for selective modernization and systems updates typical for early-2000s buildings to capture renovation upside and support rent premiums.
Safety levels in this neighborhood track around the metro mid-pack among 193 San Francisco–San Mateo–Redwood City neighborhoods and are below the national median for safety. According to CRE market data from WDSuite, both violent and property offense rates have moved lower year over year, indicating improving trend momentum even if current levels remain comparable to broader urban submarkets.
For underwriting, this pattern supports cautious assumptions: emphasize security-forward operations and resident experience while recognizing recent directional improvement in reported offenses.
Proximity to regional employers supports commuter convenience and a diversified renter base, including roles in e-commerce, distribution, biotech, venture capital, and healthcare corporate operations. The bullets below reflect nearby anchors that can underpin leasing stability.
- Walmart Global eCommerce HQ — e-commerce operations (4.8 miles)
- Core-Mark Holding — wholesale distribution (4.9 miles) — HQ
- Celgene — biotech/pharma offices (6.9 miles)
- McKesson — healthcare/pharmaceuticals corporate (7.9 miles) — HQ
- McKesson Ventures — venture capital (7.9 miles)
199 San Pedro Rd offers a 2001-vintage platform in a high-cost ownership pocket of San Mateo County where elevated home values sustain multifamily reliance. Based on CRE market data from WDSuite, the neighborhood delivers top-quartile amenity access and a sizable renter-occupied share, supporting absorption for well-presented units. While neighborhood occupancy trends sit below the metro median, the area's income profile and amenity strength provide a foundation for stabilization through targeted operations and selective interior upgrades.
Demographics aggregated within a 3-mile radius indicate rising household counts and higher incomes alongside smaller household sizes—signals that can expand the renter pool and support steady leasing. Given its newer construction relative to the local stock, the property can compete effectively with older assets while benefiting from value-add modernization to drive renewal lift and retention.
- High-cost ownership market reinforces renter reliance and supports pricing power
- Top-quartile neighborhood amenities among 193 metro neighborhoods aid leasing visibility
- 2001 construction offers competitive positioning with room for value-add
- Risk: neighborhood occupancy below metro median requires active lease management