| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 55th | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2652 Harrison St, San Francisco, CA, 94110, US |
| Region / Metro | San Francisco |
| Year of Construction | 2013 |
| Units | 20 |
| Transaction Date | 2006-03-12 |
| Transaction Price | $1,900,000 |
| Buyer | 360-362 10TH STREET ASSOCIATES LLC |
| Seller | 360-362 10TH STREET ASSOCIATES LLC |
2652 Harrison St, San Francisco Multifamily Investment
Newer construction relative to the surrounding housing stock supports competitive positioning and renter appeal, according to WDSuite’s CRE market data. Strong local amenity density and a high-cost ownership market point to durable renter demand at the neighborhood level.
Amenity access is a clear strength: the neighborhood ranks 15th among 193 metro neighborhoods for overall amenities and sits in the top percentiles nationally for cafes, restaurants, groceries, parks, and pharmacies. For investors, this supports leasing velocity and retention by offering daily convenience without relying on long commutes.
The property s 2013 vintage is materially newer than the neighborhood average year built of 1928. This typically enhances competitive standing versus older stock while keeping an eye on mid-life system updates over the hold period rather than immediate, heavy capital programs.
Unit tenure patterns indicate depth for multifamily: approximately 59% of housing units in the neighborhood are renter-occupied (above-metro median rank of 39 out of 193). This renter concentration supports a stable tenant base for small and mid-size assets. Neighborhood occupancy references are measured for the neighborhood, not the property; recent readings have trended softer than the metro median, which calls for disciplined leasing and renewal strategies.
Within a 3-mile radius, demographic statistics show relatively steady population with a projected increase in households and smaller average household sizes over the next five years. This points to a larger tenant base and more one- to two-person households entering the market. Income levels are high relative to national norms, and elevated home values in this high-cost ownership market reinforce reliance on multifamily rentals, supporting pricing power and lease-up resilience. These dynamics align with multifamily property research indicating that strong urban-core amenity clusters can offset modest macro softness.
Schools in the area score below metro and national averages, which matters for family-oriented demand but is less determinative for smaller-format urban units. Overall neighborhood standing is competitive among San Francisco-San Mateo-Redwood City neighborhoods (ranked 59 of 193; B+), signaling solid fundamentals with selective underwriting on concessions and renewal management.
Safety trends should be contextualized at the neighborhood scale. The area s safety profile is below the metro average (crime rank 166 out of 193), and national comparisons indicate weaker standing. However, recent year-over-year data point to improving momentum: estimated property offenses declined and violent offense estimates edged lower. Investors should underwrite to current conditions while recognizing the direction of change and the urban-core context.
As always, crime statistics are neighborhood aggregates rather than property-specific. Comparative due diligence against nearby San Francisco neighborhoods and trend monitoring can help calibrate security measures, insurance assumptions, and leasing strategy without over-relying on single-period readings.
Proximity to major employers supports workforce demand and commute convenience for renters, with a concentration in life sciences and corporate services including Celgene, McKesson Ventures, McKesson, Pfizer, and PG&E Corp.
- Celgene life sciences (1.3 miles)
- McKesson Ventures venture/healthcare investment (2.4 miles)
- McKesson healthcare distribution (2.4 miles) HQ
- Pfizer pharmaceuticals (2.6 miles)
- PG&E Corp. utilities (2.7 miles) HQ
2652 Harrison St offers a 2013-vintage, 20-unit asset in an urban-core neighborhood where amenity density is a competitive advantage and renter concentration is above the metro median. The newer vintage relative to the area s older housing stock enhances positioning versus legacy buildings while leaving room for targeted modernization over the hold. According to CRE market data from WDSuite, neighborhood occupancy has run softer than the metro median, so returns will hinge on disciplined leasing, renewals, and expense control rather than outsized rent growth assumptions.
Within a 3-mile radius, household counts are projected to increase and average household size to edge down, expanding the tenant pool for smaller formats. High incomes alongside elevated ownership costs in San Francisco sustain reliance on rentals, supporting occupancy stability and pricing power for well-managed assets. Nearby anchor employers deepen the weekday population and help underpin leasing consistency.
- 2013 construction provides competitive positioning versus older neighborhood stock with manageable mid-life capex
- Dense amenities and strong corporate presence support leasing velocity and retention
- High-cost ownership market reinforces renter reliance, aiding pricing power and renewal outcomes
- Household growth and smaller household sizes within 3 miles expand the tenant base
- Risks: below-metro-average neighborhood safety and softer occupancy require cautious underwriting and active management