| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1060 Terra Nova Blvd Pacifica Multifamily Investment
Neighborhood occupancy remains elevated and has trended stable, supporting cash flow durability for a 102-unit asset, according to WDSuite’s CRE market data. High home values in San Mateo County further sustain renter reliance on professionally managed apartments.
The property sits in a suburban Pacifica neighborhood where renter demand is supported by high household incomes and limited for-sale accessibility. Neighborhood occupancy is in the top quartile nationally and ranks 17 out of 193 metro neighborhoods, a constructive backdrop for lease stability. Median contract rents benchmark near the high end nationally, while rent-to-income levels indicate room for disciplined pricing without overextending residents.
Livability signals are mixed. School quality in the neighborhood is above the metro median (rank 35 of 193) and in the top quartile nationally, which can bolster family-oriented retention. At the same time, on-amenity density inside the neighborhood boundaries is light (retail, grocery, cafes rank near the bottom of the metro), so residents typically rely on nearby corridors for daily needs—an operating consideration for marketing and resident services.
Tenure patterns point to a smaller renter base: renter-occupied share is modest in the neighborhood, which can temper leasing velocity but often coincides with longer stays among qualified tenants. Elevated home values relative to incomes in San Mateo County reinforce reliance on multifamily housing, supporting renewal prospects and pricing discipline for well-run assets.
Demographic statistics aggregated within a 3-mile radius show modest population contraction alongside a projected increase in household count and smaller average household sizes. For investors, that combination suggests a stable or expanding tenant base for professionally managed units, with potential tilt toward smaller formats. Based on WDSuite’s multifamily property research benchmarks, NOI per unit performance for the neighborhood places it in a strong national cohort, consistent with durable rent collections when operations are executed well.
Safety indicators are comparatively favorable at the national level, with violent and property offense rates placing the neighborhood in higher safety percentiles nationwide. Within the San Francisco–San Mateo–Redwood City metro, the neighborhood’s crime rank (122 out of 193) suggests conditions near the metro average rather than a clear outlier in either direction. Recent year-over-year movements indicate some volatility, so prudent investors may underwrite to conservative assumptions and monitor trend updates rather than relying on a single-year read.
Proximity to major employers across eCommerce, hospitality back office, distribution, asset management, and biopharma supports a steady commuter tenant base and reinforces retention for workforce and professional households.
- Walmart Global eCommerce HQ — eCommerce operations (4.1 miles)
- Sfo Airport Marriott Accounting Office — hospitality/back office (5.8 miles)
- Core-Mark Holding — wholesale distribution (7.6 miles) — HQ
- Franklin Resources — asset management (10.5 miles) — HQ
- Gilead Sciences — biopharma (10.7 miles) — HQ
1060 Terra Nova Blvd offers scale at 102 units in a high-income Peninsula location where elevated ownership costs underpin multifamily demand. Neighborhood occupancy trends remain strong, and national safety positioning is comparatively favorable, supporting lease retention and consistent collections. According to CRE market data from WDSuite, local rent benchmarks sit near the upper end nationally while rent-to-income levels indicate manageable affordability pressure, suggesting room for steady rent growth through disciplined renewals rather than aggressive mark-to-market assumptions.
Built in 1977, the asset presents clear value-add and capital planning opportunities. Thoughtful upgrades to unit interiors, common areas, and building systems can enhance competitiveness versus newer Peninsula stock. While the neighborhood’s renter concentration is lower than metro norms, proximity to major employment centers and strong household incomes support a dependable tenant base.
- Strong neighborhood occupancy and high-income context support retention
- Pricing power potential with elevated home values and manageable rent-to-income
- 1977 vintage offers value-add upside through targeted renovations
- Risks: smaller renter pool and light amenity density; monitor crime trend volatility and population drift