| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 70th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 85 Kent Ct, Daly City, CA, 94015, US |
| Region / Metro | Daly City |
| Year of Construction | 1972 |
| Units | 23 |
| Transaction Date | 2008-03-28 |
| Transaction Price | $547,500 |
| Buyer | CHIN NELLY D |
| Seller | LEUNG ANDREA |
85 Kent Ct Daly City Multifamily Investment
Amenity-rich surroundings and a high-cost ownership market point to durable renter demand in the immediate neighborhood, according to WDSuite’s CRE market data.
Situated in Daly City’s Urban Core, the property benefits from a neighborhood that ranks 37 out of 193 across the San Francisco–San Mateo–Redwood City metro, signaling competitive fundamentals for multifamily investors. Dense daily-needs access stands out: cafe density performs in the top quartile among 193 metro neighborhoods, and pharmacy availability is also top quartile, while grocery and restaurant access are competitive among metro peers. These characteristics typically support leasing velocity and resident retention for workforce-oriented assets.
Household incomes in the neighborhood are strong relative to national norms, and median contract rents benchmark high versus the nation, underscoring a high-cost ownership market. In this context, elevated home values and a high value-to-income environment tend to reinforce reliance on rental housing, supporting pricing power and lease stability where product is well maintained.
Within a 3-mile radius, demographics indicate a modest population dip in recent years but growth in the number of households, with projections pointing to additional household expansion and smaller average household sizes by 2028. For investors, a rising household count—despite flat-to-slightly lower population—suggests a larger tenant base and potential renter pool expansion that can support occupancy over time.
Tenure patterns are favorable for multifamily: the surrounding neighborhood shows an above-average share of renter-occupied housing units compared with national norms, indicating depth in renter demand. While neighborhood occupancy has trended below the metro median in recent years, the combination of amenity density, strong income profiles, and an expanding household base provides a constructive backdrop for well-positioned assets.
Safety signals are mixed. Relative to neighborhoods nationwide, the area tracks below the national median for overall safety, but recent trends show meaningful declines in violent incidents, while property-related offenses have risen year over year. For underwriting, this suggests monitoring near-term property crime trends alongside improving violent-offense momentum, and focusing on site-level measures (lighting, access controls) to support resident experience.
Proximity to major employers supports commuter convenience and a broad renter constituency, including logistics, healthcare, and diversified financial services. Nearby anchors include Walmart’s eCommerce operations, Core-Mark, McKesson, Wells Fargo, and PG&E, which together contribute to steady employment demand.
- Walmart Global eCommerce HQ — eCommerce operations (4.2 miles)
- Core-Mark Holding — wholesale & distribution (5.3 miles) — HQ
- McKesson — healthcare distribution (9.2 miles) — HQ
- Wells Fargo — banking & financial services (9.5 miles) — HQ
- PG&E Corp. — utilities (9.6 miles) — HQ
This 23-unit asset is positioned in a high-income, amenity-dense Daly City neighborhood that performs competitively within the San Francisco–San Mateo–Redwood City metro. Elevated home values and nationally high rent benchmarks indicate a high-cost ownership market, which typically sustains multifamily demand and supports rent resilience for well-operated properties. According to CRE market data from WDSuite, the neighborhood’s NOI performance trends among the top quartile locally, while renter-occupied housing share is above national norms—both supportive of tenant depth and renewal prospects.
Counterbalancing these strengths, neighborhood occupancy has been below the metro median and safety indicators are mixed, warranting conservative lease-up and expense assumptions. Even so, within a 3-mile radius, household counts have grown and are projected to increase further with smaller average household sizes—dynamics that generally expand the renter pool and can underpin longer-run occupancy stability when paired with professional management and targeted unit upgrades.
- Amenity-rich, high-income location supportive of rent resilience
- Above-average renter-occupied share indicates depth of tenant demand
- Household growth within 3 miles expands the potential renter pool
- Strong neighborhood NOI positioning relative to metro peers
- Risks: below-metro occupancy and mixed safety trends call for prudent underwriting