| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 70th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 920 Saint Francis Blvd, Daly City, CA, 94015, US |
| Region / Metro | Daly City |
| Year of Construction | 1974 |
| Units | 30 |
| Transaction Date | 2011-05-31 |
| Transaction Price | $43,800,000 |
| Buyer | SKYLINE HEIGHTS LLC |
| Seller | BRE PIPER MF SKYLINE HEIGHTS CA LLC |
920 Saint Francis Blvd Daly City Multifamily Investment
Renter demand is supported by strong neighborhood amenities and an ownership market in the upper national percentiles, according to WDSuite’s CRE market data. Leasing has softened at the neighborhood level, so well-executed operations and unit positioning are key to stable performance.
Positioned in Daly City within the San Francisco–San Mateo–Redwood City metro, the neighborhood is rated A- and ranks 37th of 193 metro neighborhoods — a top-quartile position locally. That standing reflects strong amenity access and income fundamentals relative to many nearby areas, which matter for lease-up velocity and retention.
Amenity access is a clear strength: cafes and restaurants score in the upper national percentiles (cafes near the 100th percentile; restaurants mid-90s), with groceries and pharmacies also high (low-90s and high-90s, respectively). This density of daily-needs retail typically supports renter convenience and reduces frictions around renewals.
The neighborhood shows a high share of housing units that are renter-occupied (about the low-50s percent), signaling a deep tenant base for multifamily. Median contract rents and household incomes both sit in elevated national percentiles, and rent-to-income is comparatively moderate, which can support pricing power without excessive affordability pressure.
Within a 3-mile radius, population has been roughly flat to slightly down in recent years while household counts have increased and average household size has edged lower. This combination points to a stable or expanding renter pool as more households form within existing population levels, which can support occupancy stability for well-managed assets.
Safety indicators are mixed compared with the metro and nation. The neighborhood s crime rank sits in the lower half of the 193-neighborhood metro distribution, indicating more reported incidents than many peers. Nationally, violent and property offense rates benchmark below the median percentiles, although recent data show notable improvement in violent incidents over the past year.
For investors, the takeaway is operational: emphasize lighting, access control, and resident engagement, and underwrite to market-consistent insurance and security line items. Monitoring trend direction is warranted given the recent year-over-year improvement in violent offense rates alongside less favorable property crime benchmarks.
Proximity to major employers underpins workforce housing demand and commuting convenience, with nearby roles spanning e-commerce, food distribution, hospitality accounting, and life sciences/venture offices.
- Walmart Global eCommerce HQ corporate offices (4.1 miles)
- Core-Mark Holding corporate offices (5.3 miles) HQ
- Sfo Airport Marriott Accounting Office corporate offices (7.4 miles)
- Celgene corporate offices (8.5 miles)
- McKesson Ventures corporate offices (9.5 miles)
This 30-unit property competes in a neighborhood with strong amenity density, elevated household incomes, and an ownership market in the upper national percentiles — all supportive of sustained renter reliance on multifamily. Within a 3-mile radius, household counts are rising and average household size is trending lower, expanding the tenant base even as population growth is modest. At the neighborhood level, occupancy has softened, so asset-level leasing, renewals, and unit readiness will be central to maintaining performance.
Built in 1974, the asset likely benefits from proven layouts and larger average unit sizes, while warranting a proactive capital plan around building systems and targeted interior updates to compete with newer stock. According to CRE market data from WDSuite, rents in the area benchmark high nationally while rent-to-income is comparatively moderate, suggesting room for disciplined revenue management where renovations add clear value. Key risks include neighborhood occupancy trends and mixed safety benchmarks, which can be mitigated through operations, security, and resident experience.
- Amenity-rich, high-income neighborhood supports renter demand and renewal potential.
- 3-mile area shows more households and smaller household sizes, reinforcing a broad tenant base.
- 1974 vintage presents value-add and system-upgrade opportunities to drive NOI.
- Elevated ownership costs locally point to sustained multifamily reliance and pricing power.
- Risks: neighborhood occupancy softness and mixed safety metrics require active leasing and security management.