| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 73rd | Good |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3880 Callan Blvd, South San Francisco, CA, 94080, US |
| Region / Metro | South San Francisco |
| Year of Construction | 1973 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3880 Callan Blvd, South San Francisco Multifamily Investment
Neighborhood multifamily fundamentals point to steady demand and high occupancy, according to WDSuite s CRE market data. Metrics cited reflect the surrounding neighborhood, not the property, and indicate durable renter depth relative to regional peers.
The property sits in an Urban Core neighborhood that ranks 23 out of 193 metro neighborhoods overall, keeping it competitive within the San Francisco San Mateo Redwood City area based on CRE market data from WDSuite. Local occupancy is strong at the neighborhood level and renter demand is supported by a balanced tenure mix and income levels that are high for the region.
Amenity access is a clear strength. The neighborhood places 32 out of 193 metro neighborhoods for overall amenities and scores in the top quartile nationally for cafes, groceries, parks, and pharmacies. These lifestyle drivers support leasing velocity and resident retention, particularly for workforce renters seeking convenience to daily needs.
Schools in the area average 4.0 out of 5 and rank 35 of 193, which is also top quartile nationally. For investors, this can translate into broader family renter appeal and longer average tenures, supporting occupancy stability.
At the neighborhood level, the share of housing units that are renter-occupied is about one-third (33.8%), which suggests a moderate renter concentration and a deep but diversified tenant base. Median contract rents benchmark in the top national percentile, reinforcing revenue potential while making affordability a key lease management consideration. Elevated home values relative to income indicate a high-cost ownership market, which tends to sustain renter reliance on multifamily housing and can support pricing power when renewals are handled carefully.
Within a 3-mile radius, demographics show a stable population with a recent increase in households and forecast household growth, pointing to a larger tenant base even as average household size trends down. Rising median incomes in the area further support rent collections and reduce turnover risk, while the neighborhood s occupancy performance sits above the metro median, aiding underwriting confidence.
Neighborhood safety trends compare favorably in a regional and national context. The area ranks 61 out of 193 metro neighborhoods, placing it above the metro median, and sits around the 61st percentile nationally, which indicates a comparatively safer environment than many neighborhoods nationwide.
Recent directionality is constructive: estimated violent offense rates declined meaningfully year over year, and property offenses also retreated. While safety can vary by block and over time, these trends indicate improving conditions that support renter retention and leasing stability at the neighborhood level.
Proximity to major employers underpins workforce renter demand and supports commuting convenience, with nearby corporate offices spanning e-commerce, distribution, hospitality back-office, biotech, and healthcare.
- Walmart Global eCommerce HQ e-commerce (2.8 miles)
- Core-Mark Holding distribution (4.8 miles) HQ
- Sfo Airport Marriott Accounting Office hospitality back-office (6.2 miles)
- Celgene biotech (9.1 miles)
- McKesson healthcare services (10.2 miles) HQ
3880 Callan Blvd totals 104 units built in 1973, which is older than the neighborhood s average construction year. That vintage points to potential value-add through targeted renovations and systems upgrades, while neighborhood-level occupancy of 94.8% and a moderate renter-occupied share (33.8%) indicate a stable, diversified tenant base in a high-cost ownership market. Elevated local incomes and top-tier amenities support retention, and high headline rents can translate into revenue durability when paired with disciplined lease management.
Demographics aggregated within a 3-mile radius show increasing households and strong income growth, suggesting a larger renter pool over the forecast period. According to CRE market data from WDSuite, neighborhood performance sits above the metro median on several fundamentals, reinforcing the underwriting case while warranting prudent reserves for capital improvements given the property s age.
- Neighborhood occupancy strength supports income stability at the property level.
- 1973 vintage creates value-add and modernization upside with targeted capex.
- High-cost ownership market sustains renter reliance, aiding pricing power and lease retention.
- 3-mile household growth and rising incomes expand the tenant base supporting occupancy.
- Risk: Elevated market rents and older systems require careful affordability and capital planning.