| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 89th | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3322 Buchanan St, San Francisco, CA, 94123, US |
| Region / Metro | San Francisco |
| Year of Construction | 2001 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3322 Buchanan St San Francisco Multifamily Opportunity
Positioned in San Francisco’s amenity-rich urban core, this 28-unit 2001 vintage asset benefits from deep renter demand and proximity to major employers, according to WDSuite’s CRE market data. Newer construction relative to nearby housing stock supports competitive positioning while larger unit layouts can aid lease retention.
Livability is a core strength for the neighborhood surrounding 3322 Buchanan St. Restaurants, parks, pharmacies, and grocery options rank among the strongest locally and test in the top end of national comparisons, supporting daily convenience and walkable appeal for renters. Average school ratings trend above many areas nationally, adding credibility for family-oriented demand without being the primary driver in an Urban Core location.
Construction in the immediate area skews older (neighborhood average year 1949), while the subject’s 2001 vintage is newer than most nearby stock. For investors, that typically translates into more competitive unit finishes and common areas versus legacy inventory, with potential capex focused on selective modernization and systems that are now over two decades old.
Neighborhood data indicate a high share of renter-occupied units (renter concentration), which points to a sizable tenant base and supports leasing velocity for multifamily. At the same time, neighborhood occupancy rates have recently trailed stronger metro performers; investors should underwrite lease-up and renewal strategies that emphasize the location’s amenity density and access to jobs to support stabilization.
Within a 3-mile radius, demographics show high incomes and a large professional cohort, with contract rents trending upward over the last cycle and further rent growth forecast. While recent years show a modest decline in population, forecasts point to an increase in total households alongside smaller household sizes—conditions that can expand the renter pool and support occupancy stability for well-located properties.
Home values in the neighborhood are elevated relative to incomes, reflecting a high-cost ownership market. For multifamily, this context typically reinforces reliance on rental housing and can support pricing power and retention, especially for larger, well-amenitized units that compete with condo alternatives. Neighborhood-level NOI per unit benchmarks also track favorably versus national norms, a positive signal for long-run income potential when matched with disciplined expense control.
Safety trends in this San Francisco neighborhood are mixed. Relative to other metro neighborhoods (193 total), recent rankings place the area behind many peers on reported crime. In nationwide comparisons, the neighborhood sits below the middle of the pack for safety. Investors should account for this in underwriting via security measures and tenant experience programming.
Encouragingly, both property and violent offense rates have shown meaningful year-over-year declines, placing the neighborhood among stronger improvers in recent trend comparisons. Monitoring whether this improvement persists—and aligning onsite practices with those trends—can help support leasing and retention assumptions.
Proximity to large finance and healthcare corporates supports a steady professional renter base and convenience-driven leasing. Notable nearby employers include Wells Fargo, McKesson, McKesson Ventures, Ameriprise Financial, and Pfizer.
- Wells Fargo — banking (1.72 miles) — HQ
- McKesson — healthcare distribution (1.83 miles) — HQ
- McKesson Ventures — healthcare venture investing (1.83 miles)
- Ameriprise Financial — financial services (1.84 miles)
- Pfizer — pharmaceuticals (1.95 miles)
3322 Buchanan St is a 28-unit, 2001-built multifamily asset in an A+ rated Urban Core neighborhood with exceptional amenity access, high-income households, and proximity to blue-chip employers. The property’s newer vintage versus nearby housing stock should remain competitive against older buildings, while larger average unit sizes can support tenant retention and pricing relative to smaller-format alternatives.
Neighborhood data signal strong renter depth and elevated home values that reinforce reliance on rental housing. However, recent neighborhood occupancy has lagged stronger metro sub-areas and safety rankings trail many San Francisco neighborhoods. Underwriting that emphasizes the location’s amenity density, improving crime trends, and professional employment base is prudent. According to CRE market data from WDSuite, these fundamentals align with sustained renter demand and the potential for stable income when paired with disciplined operations.
- Amenity-dense Urban Core location with strong walkable convenience and daily needs coverage
- 2001 vintage offers competitive positioning versus older neighborhood stock; focus capex on targeted modernization
- High-cost ownership market supports renter reliance and lease retention for larger, quality units
- Proximity to major employers underpins professional renter demand and weekday occupancy
- Risks: neighborhood occupancy and safety rank below stronger peers; lean on operations, security, and marketing to support leasing