| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 48th | Poor |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 50 E Market St, Daly City, CA, 94014, US |
| Region / Metro | Daly City |
| Year of Construction | 1976 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
50 E Market St Daly City Multifamily Investment
Positioned in an Urban Core pocket of San Mateo County with deep renter demand and strong daily amenities, this asset benefits from a high-cost ownership market that supports leasing durability, according to WDSuite’s CRE market data.
Daly City’s Urban Core location provides everyday convenience that supports renter retention. Neighborhood amenity access is a relative strength versus most U.S. areas, with grocery, restaurants, cafes, and pharmacies ranking in the top decile nationally. Average school ratings in the neighborhood sit below the national median, which may modestly narrow the family-renter segment, but proximity to jobs and services anchors broader workforce appeal.
The neighborhood’s renter-occupied share is 47.5%, placing it in a higher renter concentration nationally (86th percentile). For multifamily investors, that indicates depth in the tenant base and supports day‑to‑day leasing. Overall neighborhood occupancy trends are below the metro median (ranked 146 among 193 metro neighborhoods), so underwriting should emphasize unit turns, marketing cadence, and retention programs to maintain stability.
The property was built in 1976. Given the local housing stock skews older (average vintage 1966), the asset is somewhat newer than much of the surrounding inventory, offering competitive positioning versus pre‑1970s product while still warranting capital planning for systems modernization and potential value‑add upgrades.
Within a 3‑mile radius, recent data show a slight population contraction alongside a small increase in households, pointing to smaller household sizes and steady demand for rental housing. Looking ahead to 2028, projections indicate a notable increase in households and a higher renter share in the local mix, expanding the potential renter pool and supporting occupancy over time. Elevated home values (97th percentile nationally) and a high value‑to‑income ratio reinforce renter reliance on multifamily housing, while a comparatively manageable rent‑to‑income profile suggests room for measured pricing power and better lease retention in this submarket.
Relative to U.S. neighborhoods, the area trends below the national median on both violent and property offense measures; however, recent year‑over‑year changes show meaningful declines in estimated violent and property offense rates, indicating improvement. Within the San Francisco–San Mateo–Redwood City metro, the neighborhood’s crime rank is below the metro median (ranked 110 among 193 neighborhoods), so investors typically account for security, lighting, and access controls in operating budgets.
For underwriting, emphasize trend direction and on‑site measures rather than block‑level assumptions. Recent improvements provide a constructive backdrop, but prudent management practices remain important for tenant experience and retention.
Proximity to major corporate offices underpins steady renter demand, with access to roles spanning corporate services, e‑commerce, and life sciences from Core‑Mark Holding, Walmart Global eCommerce HQ, Celgene, McKesson, and McKesson Ventures.
- Core-Mark Holding — corporate offices (4.7 miles) — HQ
- Walmart Global eCommerce HQ — corporate offices (4.8 miles)
- Celgene — corporate offices (6.6 miles)
- McKesson — corporate offices (7.6 miles) — HQ
- McKesson Ventures — corporate offices (7.6 miles)
50 E Market St is a 120‑unit asset in an Urban Core neighborhood where renter demand is reinforced by high ownership costs and strong daily‑needs access. Based on CRE market data from WDSuite, the neighborhood’s renter concentration is elevated nationally, while home values are among the highest in the country—conditions that typically sustain multifamily demand and support lease retention. Neighborhood occupancy ranks below the metro median, so performance hinges on consistent leasing execution and targeted retention.
Constructed in 1976, the property is newer than much of the nearby housing stock, providing a relative edge versus older inventory while still presenting value‑add potential through system updates and unit modernization. Within a 3‑mile radius, households are projected to increase and the renter share to rise, implying a larger tenant base over the medium term even as population trends flatten—an environment conducive to steady absorption for well‑managed communities.
- Elevated renter concentration and high ownership costs support durable demand
- 1976 vintage offers competitive positioning versus older stock with value‑add upside
- Amenity‑rich Urban Core location aids retention and day‑to‑day leasing
- Household growth and rising renter share (3‑mile radius) expand the tenant base
- Risks: neighborhood occupancy below metro median; school quality and safety trends warrant active management