| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 48th | Poor |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6601 Mission St, Daly City, CA, 94014, US |
| Region / Metro | Daly City |
| Year of Construction | 2010 |
| Units | 95 |
| Transaction Date | 2011-09-14 |
| Transaction Price | $39,441,000 |
| Buyer | EQR HILLSIDE LIMITED PARTNERSHIP |
| Seller | OLIVERMCMILLAN DALY CITY LLC |
6601 Mission St Daly City Multifamily Investment
Newer 2010 construction in a high-cost ownership market supports durable renter demand even as neighborhood occupancy trends sit below the metro median, according to WDSuite’s CRE market data.
Positioned in Daly City’s Urban Core, the property benefits from a strong daily-needs ecosystem: grocery access ranks 24 of 193 metro neighborhoods and restaurants 36 of 193—both firmly top quartile locally and high in national percentiles. Pharmacies also sit in the top quartile, while cafes are competitive among San Francisco-San Mateo-Redwood City neighborhoods. Parks availability is closer to the metro middle, offering some green-space access without being a defining amenity.
Renter-occupied housing accounts for a sizable share of neighborhood units (high national percentile), signaling depth in the tenant base and support for multifamily leasing. Neighborhood occupancy is 89.7%, below the metro median, which points to more active leasing dynamics and the need for attentive asset management to sustain performance.
Construction trends matter: with an average neighborhood vintage near the mid-1960s, a 2010 asset is newer than much of the local stock. That typically enhances competitiveness versus older buildings, while investors should still plan for periodic system updates and modernization over a long hold.
Within a 3-mile radius, data show modest population contraction alongside a rising household count and smaller household sizes over the next five years. In practice, that mix can expand the renter pool as more, smaller households seek apartments—supporting occupancy stability and lease-up velocity for appropriately positioned units. Elevated area incomes and rising rents (per WDSuite’s commercial real estate analysis) reinforce pricing power, though affordability management remains an important consideration.
Ownership costs are among the highest nationally, with home values in the top percentile range, which tends to sustain reliance on rental housing and can aid retention for well-managed communities. School ratings are weaker relative to the metro, which may matter for family-oriented demand segments, but the broader amenity base and employment access underpin consistent adult household demand.
Safety indicators are mixed relative to regional and national benchmarks. The neighborhood’s overall crime standing is below the metro median (ranked 110 out of 193), and national comparisons place it slightly below the midpoint. Property offense metrics sit in lower national percentiles, yet both violent and property categories have recorded year-over-year declines, indicating recent improvement momentum.
For investors, this suggests underwriting that prioritizes professional onsite management, lighting and access controls, and resident engagement. Continued downward trends would be supportive of leasing stability; however, asset plans should remain conservative until improvements are firmly established.
Proximity to major corporate offices supports commuter convenience and a diversified white-collar tenant base, including Core-Mark Holding, Walmart Global eCommerce, Celgene, McKesson Ventures, and McKesson.
- Core-Mark Holding — corporate offices (5.0 miles) — HQ
- Walmart Global eCommerce HQ — corporate offices (5.7 miles)
- Celgene — corporate offices (5.8 miles)
- McKesson Ventures — corporate offices (6.7 miles)
- McKesson — corporate offices (6.7 miles) — HQ
6601 Mission St offers a 2010-vintage, professionally scalable multifamily asset in a high-cost homeownership market where renter reliance supports demand durability. Neighborhood rents are elevated in national context and ownership costs rank among the highest, reinforcing the case for sustained multifamily demand. While neighborhood occupancy trends trail the metro median, the asset’s newer vintage provides competitive positioning versus older local stock, with prudent allowances for periodic system updates and modernization over the hold period.
Within a 3-mile radius, WDSuite’s CRE market data indicate shrinking household sizes and an increase in total households over the forecast period, even as population trends edge lower—conditions that can expand the renter pool and support leasing. Strong employer access across nearby corporate offices underpins weekday demand, while robust daily-needs amenities bolster resident convenience. Key watch items include managing affordability pressure and monitoring safety metrics, which have recently improved.
- Newer 2010 construction versus a 1960s neighborhood average supports competitive positioning and rent attainment.
- High-cost ownership market sustains renter reliance, aiding retention and pricing power.
- Household growth and smaller household sizes within 3 miles point to a larger renter pool and leasing support.
- Strong daily-needs amenities and access to major corporate offices support occupancy stability.
- Risks: neighborhood occupancy below metro median and mixed safety standing warrant conservative underwriting and active management.