| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 47th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1131 Main St, Half Moon Bay, CA, 94019, US |
| Region / Metro | Half Moon Bay |
| Year of Construction | 2001 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1131 Main St, Half Moon Bay CA Multifamily Investment
Stable renter demand is supported by a high-cost ownership market and strong Peninsula employment access, according to WDSuite’s CRE market data. Neighborhood occupancy signals are tight, reinforcing retention and pricing discipline for operators.
Located in San Mateo County’s coastal suburb of Half Moon Bay, the property benefits from proximity to the Peninsula job corridor while retaining a quieter suburban setting. Neighborhood-level occupancy is exceptionally tight (ranked at the top among 193 metro neighborhoods), a dynamic that typically supports steady leasing and limited turnover relative to the broader San Francisco–San Mateo–Redwood City metro.
Home values in the neighborhood are among the highest in the metro (ranked 1 of 193) and sit in the top percentile nationally. In investor terms, this high-cost ownership market tends to reinforce reliance on multifamily housing, supporting tenant retention and giving operators room to manage renewals thoughtfully.
Within a 3-mile radius, demographics show a well-capitalized consumer base and incremental household growth alongside smaller household sizes projected over the next five years. That combination can support a larger tenant base for quality rentals and underscores the importance of product positioning and unit-mix strategy to sustain occupancy stability.
The property’s 2001 vintage is newer than the neighborhood average construction year of 1977. This positioning can be competitive against older local stock while still warranting selective modernization to keep interiors and building systems aligned with renter expectations and to protect long-run operating performance.
Neighborhood safety indicators benchmark favorably on a national basis. WDSuite’s data places violent and property offense measures in the upper quartile nationally, with notable year-over-year declines in estimated incident rates. For investors, this comparative positioning tends to support leasing confidence and resident retention without relying on hyperlocal claims.
Proximity to major Peninsula employers supports a commuter-friendly tenant base and helps stabilize leasing, particularly for professionals tied to finance, technology, and life sciences. Nearby anchors include Franklin Resources, Oracle (and its conference center), the SFO Airport Marriott accounting office, and Visa.
- Franklin Resources — asset management (9.8 miles) — HQ
- Oracle Conference Center — technology offices/events (10.6 miles)
- Oracle — technology (10.6 miles) — HQ
- Sfo Airport Marriott Accounting Office — corporate services (10.8 miles)
- Visa — payments technology (11.1 miles) — HQ
1131 Main St combines tight neighborhood occupancy, high home values, and Peninsula employer access to create a durable multifamily demand profile. Based on commercial real estate analysis informed by WDSuite’s data, the submarket’s elevated ownership costs tend to sustain the renter pool, while the property’s 2001 vintage competes well against older housing stock. Within 3 miles, household counts are edging up even as household sizes are projected to contract, implying a steady flow of renters and the need for attentive unit positioning to maintain pricing power.
For long-term holders, the thesis centers on demand durability and operational consistency rather than outsized rent growth. Selective value-add and modernization can unlock incremental returns, with risk management focused on monitoring any shifts in local population trends and maintaining competitiveness versus newer product on the Peninsula.
- Tight neighborhood occupancy supports leasing stability and renewal control
- High-cost ownership market reinforces reliance on rentals and tenant retention
- 2001 vintage offers competitive positioning with targeted modernization upside
- Peninsula employer access underpins depth of professional renter demand
- Risk: watch projected population shifts and potential competition from newer deliveries