| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 47th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2001 Miramontes Point Rd, Half Moon Bay, CA, 94019, US |
| Region / Metro | Half Moon Bay |
| Year of Construction | 2001 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2001 Miramontes Point Rd, Half Moon Bay Multifamily Investment
Neighborhood-level occupancy is exceptionally tight and renter demand is reinforced by a high-cost ownership market, according to WDSuite’s CRE market data. Expect stable leasing dynamics with investor focus on retention and pricing discipline rather than rapid lease-up.
Located in a suburban pocket of San Mateo County, the neighborhood shows full occupancy and strong renter participation at the neighborhood level, while the broader 3-mile area trends more owner-leaning. That split suggests depth for multifamily demand near the property and a broader pool of higher-income households in the immediate trade area, which can support rent collections and reduce turnover risk.
The building’s 2001 vintage is newer than the neighborhood average construction year of 1977, offering relative competitiveness versus older stock. Investors should still plan for system updates and selective modernization to maintain positioning against newer deliveries across the metro.
Ownership costs are elevated in this neighborhood (home values rank at the top of the metro and sit at the high end nationally), which tends to sustain reliance on rental housing and supports lease retention. Neighborhood rent-to-income ratios are moderate, a mix that can help balance pricing power with retention considerations.
Amenity density within the neighborhood cluster is limited (few cafes, groceries, parks, or pharmacies measured), pointing to more car-dependent living; investors should underwrite tenant expectations for on-site conveniences and parking. At the metro scale, San Mateo County’s employment base and incomes remain supportive, and household growth within the 3-mile radius has edged higher in recent years. As part of this commercial real estate analysis, note that forward-looking data indicate smaller household sizes and a slightly larger share of older residents within 3 miles, which may favor quiet, professionally managed communities with efficient floor plans.
WDSuite’s data indicate the neighborhood performs in the stronger range nationally for safety, with both violent and property offense rates positioned in higher national percentiles (safer than many U.S. neighborhoods). Recent trends also point to sharp year-over-year declines in estimated offenses, reinforcing a constructive safety trajectory for long-term ownership.
While conditions can vary block to block, the broader signal supports tenant retention and leasing stability relative to many metros. Investors should continue to monitor local reporting and compare trends to nearby San Francisco–San Mateo–Redwood City submarkets during diligence.
Proximity to major Peninsula employers supports a steady renter base seeking commute convenience. The nearby corporate landscape includes financial services, enterprise software, and life sciences—key drivers of professional employment that can underpin leasing and renewal rates.
- Franklin Resources — asset management (10.2 miles) — HQ
- Oracle Conference Center — enterprise software (10.8 miles)
- Oracle — enterprise software (10.8 miles) — HQ
- Robert Half International — staffing & consulting (11.1 miles) — HQ
- Visa — payments (11.6 miles) — HQ
- Gilead Sciences — biotechnology (11.8 miles) — HQ
This 33-unit asset built in 2001 offers relative age advantage versus the neighborhood’s older housing stock, supporting competitive positioning with targeted upgrades. Neighborhood-level occupancy is exceptionally high and renter concentration is strong, while the 3-mile area skews owner-occupied—an environment that typically reinforces multifamily demand and lease retention. Elevated home values indicate a high-cost ownership market, which can sustain renter reliance on professionally managed communities.
Within a 3-mile radius, population has grown recently and households are projected to continue edging higher even as average household size trends smaller—signals that can support a stable tenant base, particularly among professionals tied to Peninsula employers. According to CRE market data from WDSuite, neighborhood rent-to-income levels appear manageable relative to incomes, aligning with a balanced approach to rent growth and renewals. Underwriting should incorporate amenity-light neighborhood dynamics and monitor medium-term shifts in renter share within the 3-mile area.
- Newer 2001 vintage vs. local 1970s average supports competitive positioning with selective modernization
- Tight neighborhood occupancy and elevated ownership costs support leasing stability and retention
- High-income employment base nearby underpins demand from professional tenants
- Investor consideration: amenity-light neighborhood suggests emphasis on on-site conveniences and parking
- Investor consideration: monitor 3-mile renter share and demographic shifts as households trend smaller