| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 88th | Best |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Parnassus Ave, San Francisco, CA, 94117, US |
| Region / Metro | San Francisco |
| Year of Construction | 1973 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Parnassus Ave San Francisco Multifamily Investment
Neighborhood occupancy is in the low 90s with solid renter demand, according to WDSuite’s CRE market data, supporting stable operations for a 23-unit asset. Elevated home values in the area tend to sustain reliance on rental housing and can aid lease retention.
Located in San Francisco’s Urban Core, the neighborhood scores A- overall and is competitive among San Francisco–San Mateo–Redwood City neighborhoods (36 of 193). Park and open-space access ranks among the top percentile nationally, while groceries and pharmacies are abundant relative to most U.S. neighborhoods. These amenities help support leasing and day-to-day resident convenience.
Renter-occupied housing is prevalent within the 3-mile radius, indicating a deep tenant base for multifamily operators. Median contract rents in the neighborhood sit in the high end of national comparisons, which paired with a rent-to-income profile around the low 20s supports pricing power when managed alongside retention.
School options benchmark at the top nationally on average ratings, which is unusual for dense urban locations and can support resident stickiness. Amenity access overall trends above national averages; restaurants are plentiful, while park density is a standout strength for quality-of-life positioning.
Demographics within a 3-mile radius show very high household incomes and a large professional cohort. While population has softened in recent years, forecasts point to more households and smaller average household sizes over the next five years, implying a larger renter pool entering the market and supporting occupancy stability for well-located properties.
Vintage and asset positioning: Built in 1973, the property is newer than the neighborhood’s older pre-war average. This can provide a competitive edge versus aging stock, with potential upside from targeted modernization of systems and interiors for a value-add strategy.
Safety metrics for the neighborhood trail national benchmarks, reflecting typical urban-core dynamics. However, according to WDSuite’s CRE market data, property offense rates declined by approximately 31% year over year, and violent offense trends also improved, indicating momentum in the right direction. Investors should underwrite to current conditions while noting the recent improvement trajectory.
Proximity to major life sciences, healthcare, and financial services employers supports a steady professional renter base and commute convenience. Nearby anchors include Celgene, McKesson Ventures, McKesson, Wells Fargo, and Pfizer.
- Celgene — biopharma offices (3.1 miles)
- McKesson Ventures — venture capital (3.2 miles)
- McKesson — healthcare distribution (3.2 miles) — HQ
- Wells Fargo — banking (3.4 miles) — HQ
- Pfizer — pharmaceuticals (3.4 miles)
200 Parnassus Ave comprises 23 units averaging roughly 643 sq. ft., positioned in a high-income Urban Core neighborhood where elevated ownership costs reinforce ongoing reliance on rental housing. Neighborhood occupancy trends in the low 90s and an above-average renter concentration within the 3-mile radius point to a deep tenant base and durable leasing. Built in 1973, the asset is newer than much of the surrounding pre-war stock, suggesting competitive positioning with potential value-add through selective modernization.
Amenities, top-tier school ratings, and proximity to large employers underpin demand, while recent improvements in safety metrics warrant monitoring but show positive direction. According to CRE market data from WDSuite, local rent levels benchmark at the higher end nationally, supporting revenue potential when balanced with retention and lease management.
- Urban Core location with strong amenities and top-tier schools supporting resident retention
- Low-90s neighborhood occupancy and sizable renter-occupied base support leasing stability
- 1973 vintage newer than local average with clear value-add and modernization angles
- Proximity to major healthcare, life sciences, and financial employers strengthens demand
- Risks: urban safety remains a consideration despite recent improvements; elevated rent levels require active retention management