| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 79th | Good |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 926 Fillmore St, San Francisco, CA, 94117, US |
| Region / Metro | San Francisco |
| Year of Construction | 1989 |
| Units | 25 |
| Transaction Date | 2007-07-20 |
| Transaction Price | $1,992,500 |
| Buyer | JUNIPERO SERRA LP |
| Seller | ACCESS TO HOUSING INC |
926 Fillmore Street San Francisco Multifamily Investment
This 25-unit property in San Francisco's Western Addition benefits from the neighborhood's 70.7% renter concentration and proximity to major corporate headquarters. According to WDSuite's CRE market data, the area's high amenity density and transit accessibility support tenant retention in a premium rental market.
The Western Addition neighborhood ranks in the top quartile nationally for amenities, with exceptional density of grocery stores, restaurants, and parks that appeal to urban renters. With 70.7% of housing units occupied by renters compared to the metro average, this area demonstrates strong rental market fundamentals that support multifamily investment demand.
Demographic data aggregated within a 3-mile radius shows a stable population base of approximately 476,000 residents, with 32.8% in the key 18-34 age group. Median household income of $159,153 provides solid rent-paying capacity, while the high concentration of households earning over $200,000 annually (37.9%) indicates pricing power potential for well-positioned properties.
The property's 1989 construction year aligns closely with the neighborhood's average vintage of 1963, positioning the asset for potential value-add renovations while avoiding obsolescence concerns. Current neighborhood-level occupancy trends at 85.3% reflect typical urban market dynamics, though investors should monitor renewal rates given recent softening compared to historical levels.
Median home values exceeding $1.2 million create a substantial ownership barrier that can keep households in the rental market longer, supporting tenant retention. The area's transit connectivity and walkable amenity base contribute to its appeal among the tech and finance professionals who dominate the local employment landscape.
The neighborhood ranks 178th out of 193 San Francisco metro neighborhoods for overall crime metrics, indicating elevated crime levels compared to regional averages. Property crime rates are notably high at the neighborhood level, though recent trends show improvement with property offenses declining 17.9% year-over-year.
Violent crime metrics also present challenges, with rates ranking in the lower tier among metro neighborhoods. Investors should factor security considerations into operating budgets and tenant screening processes, while noting that the area's urban core location and high foot traffic can support natural surveillance during peak hours.
The property benefits from proximity to major corporate headquarters and offices that anchor San Francisco's employment base, supporting consistent rental demand from finance and healthcare professionals.
- McKesson Ventures — healthcare services (1.7 miles)
- McKesson — healthcare services (1.7 miles) — HQ
- Wells Fargo — financial services (1.9 miles) — HQ
- Pfizer — pharmaceuticals (2.0 miles)
- PG&E Corp. — utilities (2.2 miles) — HQ
This 25-unit Western Addition property offers exposure to San Francisco's resilient rental market, supported by the neighborhood's 70.7% renter concentration and proximity to major corporate headquarters including Wells Fargo and McKesson. The 1989 vintage provides value-add renovation opportunities while maintaining competitive positioning in a neighborhood where median rents have grown 19.7% over five years.
Demographic projections within a 3-mile radius show household growth of 31.5% through 2028, expanding the potential tenant base significantly. Based on multifamily property research from WDSuite, the area's exceptional amenity density and transit connectivity support tenant retention, while high ownership costs exceeding $1.2 million median home values can keep renters in the market longer than typical urban submarkets.
- Strong rental fundamentals with 70.7% of neighborhood housing units occupied by renters
- Proximity to major employers including Wells Fargo HQ (1.9 miles) and McKesson HQ (1.7 miles)
- Value-add potential with 1989 construction offering renovation upside in appreciating market
- High ownership barriers ($1.2M+ median home values) supporting rental demand retention
- Risk consideration: Elevated neighborhood crime levels requiring enhanced security measures and screening