| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 71st | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1060 Terra Nova Blvd, Pacifica, CA, 94044, US |
| Region / Metro | Pacifica |
| Year of Construction | 1977 |
| Units | 102 |
| Transaction Date | 1998-12-21 |
| Transaction Price | $10,528,000 |
| Buyer | NGO LYAN SENG |
| Seller | MCCLOSKEY KENNETH D |
1060 Terra Nova Blvd, Pacifica CA Multifamily Investment
Neighborhood occupancy remains resilient and above most San Francisco–Peninsula submarkets, while elevated ownership costs in Pacifica support renter demand, according to CRE market data from WDSuite. This positioning favors stable leasing dynamics for a 100+ unit asset when paired with disciplined operations.
Pacifica’s suburban setting offers quiet residential streets and access to coastal recreation, with day‑to‑day retail somewhat dispersed locally. For investors, that translates to a primarily residential renter base that values commute access to the broader San Francisco–San Mateo employment corridor more than immediate retail density.
Neighborhood occupancy is strong and top quartile among 193 metro neighborhoods, signaling durable leasing even through cycles. Renter concentration is comparatively lower (share of housing units that are renter‑occupied is below many metro peers), which implies a smaller but stable tenant pool; properties that compete on quality and service can capture consistent demand.
School quality trends positively, with average ratings in the top quartile among 193 metro neighborhoods—an attribute that can aid retention for family renters. Median household incomes are high and home values reflect a high‑cost ownership market; this context often sustains reliance on multifamily housing and supports pricing power when units are well maintained.
Within a 3‑mile radius, demographics show recent population contraction alongside rising incomes and a projected increase in total households over the next five years. This points to smaller household sizes and a renter pool that skews higher‑income—factors that can support occupancy stability and reduce turnover risk for well‑positioned assets.
Vintage context: the property’s 1977 construction is newer than the neighborhood’s average 1960s housing stock. That relative youth can enhance competitive positioning versus older buildings, though investors should still plan for modernization of aging systems and targeted renovations to meet current renter expectations.
Safety indicators are mixed in comparative terms. Overall crime ranks below the metro median (ranked 122 among 193 neighborhoods), placing the area behind many Peninsula submarkets on aggregate safety. Nationally, the neighborhood sits around the middle of the pack, suggesting conditions that warrant standard risk management and property-level security practices.
By offense type, WDSuite data indicates relatively favorable positioning on violent crime (top quartile nationally compared with neighborhoods nationwide), while property crime trends are closer to mid‑pack nationally. Recent year‑over‑year changes show an uptick in reported incidents; investors should underwrite with attention to lighting, access control, and partnership with local policing, rather than relying solely on historical averages.
Proximity to e‑commerce, hospitality, distribution, asset management, and biotech employers supports a diverse commuter tenant base and underpins leasing durability for workforce and professional households.
- Walmart Global eCommerce HQ — e‑commerce operations (4.0 miles)
- Sfo Airport Marriott Accounting Office — hospitality accounting office (5.8 miles)
- Core-Mark Holding — food distribution (7.6 miles) — HQ
- Franklin Resources — asset management (10.4 miles) — HQ
- Gilead Sciences — biotechnology (10.7 miles) — HQ
This 102‑unit property benefits from neighborhood occupancy that ranks in the top quartile among 193 metro neighborhoods and from a high‑cost ownership market that tends to sustain multifamily demand. The 1977 vintage is newer than much of the surrounding 1960s stock, offering a relative quality edge, while still presenting scope for targeted system upgrades and unit renovations to drive rent premiums and retention.
Within a 3‑mile radius, incomes are high and households are projected to grow even as population trends soften, indicating smaller household sizes and a deeper pool of higher‑earning renters—factors that can support steady leasing and measured rent growth. Based on CRE market data from WDSuite, this submarket’s fundamentals point to durable cash flow potential when paired with disciplined expense control and asset refresh initiatives.
- Top‑quartile neighborhood occupancy among 193 peers supports leasing stability
- High‑cost ownership market reinforces renter reliance on quality apartments
- 1977 vintage offers a competitive edge versus older local stock, with value‑add potential
- Diverse nearby employers broaden the commuter tenant base and retention prospects
- Risks: limited immediate retail density, lower renter concentration, and recent crime uptick warrant conservative underwriting