| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 70th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 Saint Francis Blvd, Daly City, CA, 94015, US |
| Region / Metro | Daly City |
| Year of Construction | 1974 |
| Units | 78 |
| Transaction Date | 2006-05-25 |
| Transaction Price | $20,056,500 |
| Buyer | SKYLINE HEIGHTS LLC |
| Seller | BRE PIPER MF SKYLINE HEIGHTS CA LLC |
900 Saint Francis Blvd Daly City Multifamily Investment
Positioned in an Urban Core pocket where renter-occupied housing is prevalent and daily amenities are dense, this asset benefits from durable renter demand even as neighborhood occupancy has moderated, according to WDSuite’s CRE market data. Investors should view elevated ownership costs and high-income households as support for pricing power and retention at the neighborhood level.
The property sits in a Daly City neighborhood rated A- (37 of 193 locally), placing it above the metro median and competitive among San Francisco–San Mateo–Redwood City submarkets for amenity access and renter demand. Neighborhood figures cited here reflect the neighborhood, not the property.
Amenity density is a strength: cafes and restaurants rank near the top of metro peers and in high national percentiles, with pharmacies and groceries also plentiful. This concentration supports day-to-day convenience and helps bolster renter retention and leasing velocity for multifamily operators.
At the neighborhood level, median asking rents rank in the top decile nationally while the rent-to-income ratio sits on the lower end versus peers, signaling manageable affordability pressure for many renters and potential for steadier collections. Meanwhile, the occupancy rate is below the metro median and has softened over five years; investors should underwrite conservative lease-up and renewal assumptions while recognizing that amenity strength and income levels can help counterbalance volatility.
Within a 3-mile radius, households have grown in recent years and are projected to expand further, with average household size trending lower. This points to a larger tenant base over time and supports stable multifamily absorption, particularly for efficient floor plans near employment and transit options. Elevated home values at the neighborhood level indicate a high-cost ownership market, which typically sustains reliance on rentals and supports lease retention.
Safety indicators for the neighborhood sit below the metro median (ranked 116 out of 193), and national comparisons place it below the middle of U.S. neighborhoods. That said, recent trends show a notable decline in estimated violent offenses year over year, an improving signal relative to national movement.
For underwriting, investors may consider added attention to security, lighting, and resident engagement to support retention, while noting the improving trajectory in violent offense estimates and weighing property-level measures against neighborhood comparatives.
Nearby employers span e‑commerce, wholesale distribution, biotech, healthcare services, and hospitality—supporting a broad renter base and commute convenience for workforce tenants. The following anchors are within a roughly 10‑mile radius and help sustain leasing fundamentals.
- Walmart Global eCommerce — e‑commerce operations (4.1 miles)
- Core‑Mark Holding — wholesale distribution (5.4 miles) — HQ
- SFO Airport Marriott Accounting Office — hospitality corporate office (7.4 miles)
- Celgene — biotech (8.5 miles)
- McKesson — healthcare distribution (9.5 miles) — HQ
This 78‑unit asset benefits from strong neighborhood fundamentals: high amenity density, elevated household incomes, and neighborhood median rents that rank nationally high—supporting revenue stability when managed thoughtfully. At the same time, neighborhood occupancy sits below the metro median; prudent underwriting should incorporate measured lease-up timelines and renewal assumptions. Elevated home values indicate an expensive ownership market, which typically supports renter reliance on multifamily and steadier retention.
Within a 3‑mile radius, households have increased and are projected to grow further, pointing to a larger tenant base and supportive demand for professionally managed apartments. According to CRE market data from WDSuite, neighborhood NOI per unit ranks among the top nationally for the metro, suggesting favorable operating margins when paired with disciplined expense control and asset-specific improvements.
- Amenity-rich Urban Core location supports leasing velocity and resident retention.
- High neighborhood rent ranking with manageable rent-to-income profile aids collections stability.
- Household growth within 3 miles expands the tenant base and supports occupancy over time.
- Elevated ownership costs reinforce multifamily demand and pricing power potential.
- Risk: neighborhood occupancy below metro median and softer safety metrics warrant conservative underwriting and active asset management.