| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 96th | Best |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 550 18th St, San Francisco, CA, 94107, US |
| Region / Metro | San Francisco |
| Year of Construction | 2008 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
550 18th St, San Francisco Multifamily Investment
Renter demand at the neighborhood level is supported by a high renter concentration and strong incomes, according to WDSuite’s CRE market data. While neighborhood occupancy trends have been variable, deep amenities and proximity to major employers provide a diversified leasing base for the property.
The property sits in San Francisco’s Urban Core with an A-rated neighborhood that is competitive among San Francisco-San Mateo-Redwood City neighborhoods (ranked 24 out of 193). Dense amenities are a defining feature: cafes, restaurants, groceries, and parks register in the upper tiers nationally, reinforcing day-to-day convenience and supporting retention for multifamily assets.
At the neighborhood level, the share of housing units that are renter-occupied is high, indicating a deep tenant base for multifamily. Neighborhood occupancy has trended below the metro median recently, suggesting the need for active leasing and renewal management, but strong amenity access and employment proximity help support demand.
Vintage positioning matters: the building’s 2008 construction is newer than the neighborhood’s average stock from the late 1990s. That generally enhances competitive standing versus older inventory, though investors should still plan for ongoing systems upkeep and selective modernization to meet current renter preferences.
Within a 3-mile radius, demographics point to a large, high-income renter pool with modest population growth to date and projections for additional population and household growth over the next five years. A high-cost ownership market locally sustains renter reliance on multifamily housing, while rent-to-income readings at the neighborhood level indicate manageable affordability pressure that can support lease retention.
Safety indicators for the neighborhood are below metro and national norms overall. The neighborhood ranks 144 out of 193 within the metro for crime, placing it below the metro median, and sits in lower national percentiles for safety.
Property and violent offense measures are in low national percentiles, but recent year-over-year trends show improvement, with declines that are competitive among neighborhoods nationwide. Investors should underwrite with standard urban-core security considerations and monitor ongoing trendlines rather than block-level assumptions.
Nearby corporate anchors span finance, technology, life sciences, and utilities—an employment base that supports workforce housing demand and commute convenience for renters.
- Celgene — biotech/pharma (0.56 miles)
- Charles Schwab — financial services (1.90 miles) — HQ
- Gap — apparel retail (1.91 miles) — HQ
- McKesson — healthcare distribution (1.93 miles) — HQ
- PG&E Corp. — utilities (1.99 miles) — HQ
This 39-unit asset, built in 2008, benefits from a location with dense amenities and proximity to multiple Fortune 500 employers, supporting a broad tenant base and day-to-day convenience. The building’s newer vintage versus much of the surrounding stock enhances competitive positioning and can reduce near-term capital intensity, though investors should still plan for targeted upgrades as systems age. According to CRE market data from WDSuite, the neighborhood shows high incomes and a sizable renter-occupied housing share, which helps underpin demand even as neighborhood occupancy has been softer than metro leaders.
Within a 3-mile radius, population and household counts have grown and are projected to expand further, pointing to renter pool expansion that supports occupancy stability over the long term. Elevated local home values indicate a high-cost ownership market, which tends to sustain multifamily demand and can aid lease retention and pricing power when managed alongside affordability considerations.
- Newer 2008 construction relative to nearby stock supports competitive positioning with selective modernization upside
- Dense neighborhood amenities and transit-accessible job centers bolster tenant attraction and retention
- High-income renter base and a high renter-occupied share at the neighborhood level support demand depth
- High-cost ownership market reinforces reliance on rentals, aiding lease stability and pricing power
- Risk: Neighborhood occupancy trails metro leaders; plan for active leasing, renewals, and competitive concessions as needed