| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 90th | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2045 Sutter St, San Francisco, CA, 94115, US |
| Region / Metro | San Francisco |
| Year of Construction | 1974 |
| Units | 103 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2045 Sutter St San Francisco Urban-Core Multifamily
A high renter-occupied share and elevated ownership costs in the surrounding neighborhood support durable renter demand, according to WDSuite’s CRE market data.
Located in an Urban Core pocket of San Francisco rated A+ and ranked 6 out of 193 metro neighborhoods, the area offers top-quartile amenities nationally and competitive positioning within the metro. Dense access to groceries, pharmacies, parks, and cafes (all in the nation s upper percentiles) helps underpin leasing velocity and day-to-day convenience valued by renters.
Neighborhood schools average 4.0 out of 5 (84th percentile nationally), adding family-friendly appeal relative to many urban cores. Median contract rents in the neighborhood sit near the top decile nationwide, while the neighborhood s rent-to-income ratio is moderate for the city context, which can support retention and measured pricing power for quality assets.
Vintage context matters: the neighborhood s average construction year is 1935 (ranked 180 out of 193), while the property s 1974 vintage is newer than much of the surrounding stock. That positioning can be competitive versus prewar buildings, though systems from the 1970s may still benefit from targeted modernization or value-add upgrades to capture premium rents.
Tenure and demand signals are supportive. The neighborhood s share of renter-occupied housing units is 59.3% (93rd percentile nationally), indicating a deep tenant base. Within a 3-mile radius, demographics show a large, high-income population and a renter-leaning tenure mix today, with forecasts indicating more households and smaller average household sizes over the next five years. This points to a stable or expanding renter pool and sustained demand for smaller formats, which aligns with the property s average unit size.
Safety trends are mixed and should be weighed in underwriting. The neighborhood s crime ranking is 147 out of 193 metro neighborhoods, indicating higher incident levels relative to much of the metro and below-average standing nationally. However, recent year-over-year trends in the area show estimated declines in both violent and property offenses, suggesting conditions have been improving.
For investors, this context argues for prudent security measures and leasing strategies while recognizing that the downward trajectory in estimated incident rates could support future stability if improvements continue.
Proximity to major headquarters anchors a strong white-collar employment base that supports renter demand and commute convenience for residents. The nearby employers listed below represent financial services and technology anchors within a short radius.
- McKesson healthcare distribution (1.7 miles) HQ
- Wells Fargo banking (1.8 miles) HQ
- PG&E Corp. utilities (2.1 miles) HQ
- Salesforce.com cloud software (2.2 miles) HQ
- Charles Schwab financial services (2.3 miles) HQ
2045 Sutter St benefits from an amenity-rich, A+ rated Urban Core location with a deep renter base and strong household incomes. Elevated neighborhood home values reinforce reliance on rental housing and help sustain pricing power for well-maintained assets. According to CRE market data from WDSuite, the surrounding neighborhood s renter orientation and top-tier amenity access are supportive of occupancy durability, while the area s competitive school ratings broaden appeal beyond transient renters.
Built in 1974, the asset is newer than much of the neighborhood s prewar stock, offering a relative competitive edge; targeted modernization can unlock value-add upside. While the neighborhood s occupancy rank sits below the metro median and crime rank is weaker than many peers, recent declines in estimated offense rates and continued employer proximity should help underpin demand and leasing stability over a longer horizon.
- Urban-core location with top-quartile amenities and strong renter demand
- High-cost ownership market supports rental reliance and pricing power
- 1974 vintage offers value-add potential versus older neighborhood stock
- Proximity to major corporate headquarters supports leasing and retention
- Risks: below-metro occupancy rank and a weaker crime ranking warrant conservative underwriting