| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 56th | Poor |
| Amenities | 76th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 77 Westborough Blvd, South San Francisco, CA, 94080, US |
| Region / Metro | South San Francisco |
| Year of Construction | 1981 |
| Units | 74 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
77 Westborough Blvd South San Francisco Multifamily Investment
This 74-unit property built in 1981 operates in a neighborhood with 98.4% occupancy rates and median rents of $2,670, according to WDSuite's CRE market data validating strong tenant demand fundamentals.
This South San Francisco neighborhood demonstrates strong rental fundamentals with a 98.4% occupancy rate ranking in the top quartile among 193 metro neighborhoods. The area maintains median contract rents of $2,670, reflecting the 99th national percentile for rental rates. With 43.2% of housing units renter-occupied, the neighborhood provides a substantial tenant base for multifamily properties.
Demographics within the 3-mile radius show a population of approximately 126,756 with median household income of $134,961. The area attracts working professionals, with 42.1% of residents aged 35-64 and 27.9% of households earning above $200,000 annually. Projected household growth of 33.4% through 2028 indicates expanding renter demand, while forecast median income increases to $179,823 support rent growth potential.
The property's 1981 construction year aligns with the neighborhood average of 1975, suggesting potential value-add opportunities through targeted renovations and unit upgrades. Elevated home values with a median of $1.24 million sustain rental demand by limiting homeownership accessibility. The neighborhood offers strong amenity access with 2.85 grocery stores per square mile and extensive restaurant density, supporting tenant retention in this urban core location.
Safety metrics position this neighborhood in the middle range among South San Francisco metro areas, with property crime rates ranking 97th out of 193 neighborhoods and violent crime rates at the 58th national percentile. Recent trends show increases in both property and violent crime rates over the past year, which investors should factor into tenant retention and property management strategies.
The neighborhood's overall crime performance remains competitive within the broader San Francisco-San Mateo metro area, though property managers may benefit from enhanced security measures and tenant communication regarding safety protocols.
The property benefits from proximity to major corporate employers anchoring the South Bay employment corridor, providing workforce housing opportunities for professional tenants.
- Walmart Global eCommerce HQ — retail technology (1.9 miles)
- Core-Mark Holding — distribution services (3.0 miles) — HQ
- Sfo Airport Marriott Accounting Office — hospitality services (4.9 miles)
- Celgene — biotechnology (8.2 miles)
- McKesson — healthcare distribution (9.5 miles) — HQ
This 74-unit property offers exposure to one of the Bay Area's most stable rental markets, with neighborhood occupancy rates of 98.4% ranking in the top quartile regionally. The 1981 construction vintage presents value-add opportunities through strategic renovations while operating in a submarket where median rents of $2,670 reflect the 99th national percentile. Proximity to major employers including Walmart Global eCommerce HQ and Core-Mark Holding headquarters supports consistent tenant demand from working professionals.
Demographic projections within the 3-mile radius show household growth of 33.4% through 2028, with median income forecast to increase from $134,961 to $179,823, according to multifamily property research from WDSuite. Home values exceeding $1.24 million sustain rental demand by limiting homeownership accessibility, while the neighborhood's urban core designation provides strong amenity density supporting tenant retention.
- Top quartile neighborhood occupancy at 98.4% indicates strong tenant demand stability
- Value-add potential through 1981 vintage property improvements and unit upgrades
- Projected 33.4% household growth and 33.2% income growth support rent expansion
- Proximity to major employers provides workforce housing demand base
- Recent increases in crime rates require enhanced property management and security considerations