| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 56th | Poor |
| Amenities | 76th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 416 Alida Way, South San Francisco, CA, 94080, US |
| Region / Metro | South San Francisco |
| Year of Construction | 1973 |
| Units | 75 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
416 Alida Way South San Francisco Multifamily Investment
This 75-unit property built in 1973 sits in a neighborhood with 98.4% occupancy rates, ranking in the top 10 among 193 metro neighborhoods. Commercial real estate analysis indicates sustained rental demand supported by high-income demographics and limited new supply.
The property occupies an Urban Core neighborhood in South San Francisco that demonstrates strong rental fundamentals, with occupancy rates of 98.4% ranking 10th among 193 neighborhoods in the San Francisco-San Mateo-Redwood City metro area. This translates to the 92nd percentile nationally, indicating exceptional tenant retention and minimal vacancy risk compared to other multifamily markets across the country.
Demographics within a 3-mile radius support sustained rental demand, with median household income of $134,765 and 36.8% of housing units occupied by renters. The area attracts higher-income households, with 28.4% earning over $200,000 annually. Five-year projections show household count growth of 33.6%, expanding the potential tenant base while median rents are forecast to increase 11.9% to $3,102.
Built in 1973, the property's vintage aligns with the neighborhood average construction year of 1975, suggesting potential value-add opportunities through unit renovations and building improvements. The location benefits from strong amenity density, ranking in the 75th percentile nationally for overall amenities, with 16.18 restaurants per square mile and adequate grocery access at 2.85 stores per square mile.
Median home values of $1.24 million create substantial ownership barriers, reinforcing rental demand as elevated purchase costs keep households in the multifamily market. Contract rents have increased 54.3% over five years, reflecting both strong demand and limited supply in this high-barrier-to-entry submarket.
The neighborhood ranks 120th out of 193 metro neighborhoods for overall crime metrics, placing it near the middle of the local market and in the 40th percentile nationally. Property crime rates of 441.7 incidents per 100,000 residents align with urban core expectations, while violent crime remains relatively contained at 21.2 incidents per 100,000 residents.
Both property and violent crime rates increased approximately 20% year-over-year, reflecting broader regional trends rather than localized deterioration. For multifamily investors, these metrics suggest standard urban market conditions that require appropriate property management protocols and security considerations typical of dense residential areas.
The South San Francisco area benefits from proximity to major corporate employers, supporting workforce housing demand for professional tenants within reasonable commuting distance.
- Walmart Global eCommerce — corporate offices (1.3 miles)
- Core-Mark Holding — corporate offices (2.9 miles) — HQ
- SFO Airport Marriott — corporate offices (4.4 miles)
- Gilead Sciences — biotechnology (9.8 miles) — HQ
- Charles Schwab — financial services (10.2 miles) — HQ
This 75-unit property represents a value-add opportunity in a supply-constrained South San Francisco submarket with exceptional occupancy fundamentals. According to CRE market data from WDSuite, neighborhood occupancy rates of 98.4% rank in the top 10 locally and 92nd percentile nationally, indicating sustained tenant demand despite elevated rents. The 1973 construction year presents renovation upside potential, while high home values reinforce rental market reliance among area households.
Demographic projections show household growth of 33.6% over five years within a 3-mile radius, expanding the tenant pool as median incomes rise 34.1% to support rent increases. The Urban Core location provides access to employment centers including biotechnology and financial services headquarters, supporting professional tenant demand and lease retention in this high-barrier ownership market.
- Exceptional occupancy fundamentals with 98.4% neighborhood rates ranking top 10 locally
- Value-add potential through 1973 vintage property improvements and unit upgrades
- High-income demographics with 28.4% of households earning over $200,000 annually
- Supply constraints reinforced by $1.24 million median home values limiting ownership options
- Risk consideration: Recent 20% increase in crime rates requires enhanced security protocols