| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 69th | Fair |
| Amenities | 61st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 550 King Dr, Daly City, CA, 94015, US |
| Region / Metro | Daly City |
| Year of Construction | 1975 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
550 King Dr Daly City Multifamily Investment
This 80-unit property built in 1975 is positioned in a neighborhood with 97.5% occupancy rates and strong tenant retention fundamentals. Commercial real estate analysis shows the area maintains above-average rental demand supported by proximity to major Bay Area employment centers.
The Daly City neighborhood demonstrates solid fundamentals for multifamily investors, ranking in the top half among 193 metro neighborhoods for overall investment metrics. With a B-grade neighborhood rating and occupancy rates of 97.5%, the area shows strong tenant retention that outperforms many Bay Area submarkets.
Demographics within a 3-mile radius reveal a stable renter base with median household income of $133,509 and projected growth to $177,264 by 2028. The area maintains 37.9% renter-occupied units, providing consistent demand for rental housing. Population growth of 1.3% is forecast through 2028, supporting expansion of the tenant pool and occupancy stability.
Built in 1975, this property aligns with the neighborhood's average construction year of 1976, indicating consistent building stock that may present value-add renovation opportunities. Median contract rents of $2,753 with 36.1% growth over five years demonstrate pricing power, though investors should monitor affordability pressures given rent-to-income ratios.
The neighborhood provides solid amenity access with above-average restaurant and cafe density, ranking in the 91st and 95th national percentiles respectively. School ratings average 4.0 out of 5, ranking in the 84th percentile nationally, which supports family-oriented tenant attraction and retention.
Safety metrics show mixed performance relative to the broader San Francisco metro area. Property crime rates rank 73rd among 193 metro neighborhoods, placing the area near the median, while violent crime rates rank 112th, indicating below-average performance compared to other neighborhoods in the region.
Recent trends show property crime declining by 3.9% year-over-year, though violent crime increased 44.1% over the same period. Investors should consider these dynamics when evaluating tenant retention and lease-up strategies, particularly for ground-floor units and common areas requiring enhanced security measures.
The property benefits from proximity to major corporate employers that support steady rental demand from professional workers and commuters to the broader Bay Area job market.
- Walmart Global eCommerce HQ — corporate offices (2.4 miles)
- Core-Mark Holding — corporate offices (4.1 miles) — HQ
- Sfo Airport Marriott Accounting Office — corporate offices (5.7 miles)
- Celgene — pharmaceutical (8.7 miles)
- McKesson — healthcare services (9.9 miles) — HQ
This 80-unit property presents a value-add opportunity in a stable Daly City neighborhood with strong occupancy fundamentals and access to Bay Area employment. According to CRE market data from WDSuite, the area maintains 97.5% occupancy rates that significantly outperform many metro submarkets. The 1975 construction year aligns with neighborhood norms and suggests potential for capital improvements to capture rent growth in a market where median rents have increased 36.1% over five years.
Demographics within a 3-mile radius support long-term rental demand, with household income growth projected at 32.8% through 2028 and renter pool expansion of 37.3% forecast over the same period. The property's proximity to major employers including Walmart Global eCommerce HQ and multiple corporate headquarters provides workforce housing appeal, though investors should monitor affordability pressures and competitive dynamics in this high-cost market.
- Neighborhood occupancy of 97.5% demonstrates strong tenant retention and absorption
- Value-add potential from 1975 vintage with renovation upside opportunities
- Proximity to major Bay Area employers supports consistent rental demand
- Projected household income growth of 32.8% through 2028 supports rent growth potential
- Risk: High rent-to-income ratios may limit pricing power and require active lease management