| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 84th | Best |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Village Ln, Foster City, CA, 94404, US |
| Region / Metro | Foster City |
| Year of Construction | 1996 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
100 Village Ln, Foster City Multifamily Investment
High renter concentration and a high-cost ownership landscape point to durable renter demand in Foster City, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit around the national middle, supporting steady lease-up and retention potential.
Foster City’s Urban Core setting delivers an amenity-rich environment that helps sustain tenant demand. Amenity access ranks 40th out of 193 metro neighborhoods, placing the area among the top quartile locally, and national amenity measures (parks, restaurants, cafes, and groceries) sit in the low‑to‑high 90s percentiles, indicating strong daily-life convenience for residents.
From a rental fundamentals standpoint, the neighborhood’s median contract rent benchmarks at the top end nationally (100th percentile), signaling a premium market where pricing power has historically been supported by income levels and location quality. Neighborhood occupancy is around the national middle (54th percentile), which, combined with strong amenities, suggests stable baseline demand rather than dependence on outsized lease-up assumptions.
Tenure data shows a pronounced renter-occupied share at the neighborhood level (78.9%), ranking 4th out of 193 metro neighborhoods. For investors, that renter concentration indicates depth in the tenant base and ongoing demand for multifamily product. Elevated home values (99th percentile nationally) characterize the area as a high-cost ownership market, which tends to reinforce reliance on rental housing and can aid lease retention, particularly for well-located assets.
Vintage context matters: the property was built in 1996, newer than the neighborhood’s average 1988 construction year. That relative youth can bolster competitive positioning versus older stock, though planning for system updates and selective modernization remains prudent to capture renter preferences and sustain performance. Demographic statistics aggregated within a 3‑mile radius show a small population dip alongside a modest increase in households historically and a larger increase projected, pointing to smaller household sizes and a potentially expanding renter pool that can support occupancy stability.
Safety indicators for the neighborhood are mixed in national terms. Overall crime and violent offense measures sit below the national middle (around the low‑40s percentiles), indicating conditions that are not among the strongest nationally but remain competitive within many urban contexts. Investors should underwrite standard security and operations protocols appropriate for a premium Bay Area location.
Recent momentum is constructive: estimated property offenses declined year over year (improvement ranks in the upper tier nationally), suggesting a favorable trend that, if sustained, can support resident satisfaction and retention. As always, compare micro‑location considerations to metro peers and monitor multi‑year trends rather than a single data point.
Proximity to major corporate offices and headquarters underpins a strong white-collar employment base and convenient commutes for renters. Nearby employers include Visa, Gilead Sciences, Franklin Resources, the Oracle Conference Center, and Oracle, supporting leasing depth for workforce and professional households.
- Visa — financial services (0.09 miles) — HQ
- Gilead Sciences — biotech (0.71 miles) — HQ
- Franklin Resources — asset management (1.39 miles) — HQ
- Oracle Conference Center — technology offices (1.89 miles)
- Oracle — enterprise software (2.03 miles) — HQ
This 30‑unit asset at 100 Village Ln benefits from a premium rental ecosystem and strong neighborhood amenities that support demand durability. The local market exhibits top-tier rents nationally alongside a renter-occupied housing base that ranks near the top of the metro, indicating depth of tenants and steady leasing. The 1996 vintage positions the property as newer than the neighborhood average, enhancing competitive standing against older stock while leaving room for targeted updates to drive rentability and retention. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends track near the national middle, consistent with stable operations rather than outsized volatility.
Within a 3‑mile radius, households have grown historically and are projected to increase further even as population edges down and household size shrinks—dynamics that typically expand the renter pool and support occupancy stability. High-cost ownership conditions in the area tend to sustain renter reliance on multifamily housing, reinforcing pricing power for well-managed assets. Key underwriting considerations include standard capital planning for systems given the vintage, resident affordability management in a high-rent market, and continued monitoring of safety trends.
- Premium rental market with national top-tier rents supports pricing power
- Strong renter concentration near the top of metro indicates deep tenant base
- 1996 vintage is newer than neighborhood average, with value-add potential via selective upgrades
- 3‑mile household growth and projected increases point to renter pool expansion and occupancy stability
- Risks: affordability pressure in a high-rent market, mixed-but-improving safety indicators, and routine capital needs for systems