| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 45th | Poor |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2665 Geneva Ave, Daly City, CA, 94014, US |
| Region / Metro | Daly City |
| Year of Construction | 2010 |
| Units | 75 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2665 Geneva Ave Daly City Multifamily Investment
2010-vintage asset positioned against an older Inner Suburb housing base, with high ownership costs nearby supporting renter reliance; according to WDSuite’s CRE market data, neighborhood-level occupancy has been softer but demand is reinforced by strong incomes and limited new supply pressures.
Located in Daly City within the San Francisco–San Mateo–Redwood City metro, the property sits in an Inner Suburb setting where neighborhood amenities skew convenient for daily needs. Cafe and grocery density rank 57 and 60 out of 193 metro neighborhoods, respectively — competitive among peer subareas and in the mid-90s nationally — indicating walkable access to essentials that can aid lease retention.
The local housing stock is notably older than the subject’s 2010 construction year (neighborhood average year built skews to the 1950s). Newer vintage positioning typically supports competitiveness versus legacy assets, while investors should still plan for periodic system updates as the property ages. Neighborhood occupancy (measured for the neighborhood, not the property) trends on the softer side relative to the metro, which places a premium on product differentiation and asset-level operations.
Within a 3-mile radius, household incomes are high and rising, and home values are elevated compared with national benchmarks. In a high-cost ownership market, this tends to sustain multifamily renter demand and can support pricing power, provided rent-to-income remains manageable. Neighborhood home values rank near the top nationally, while the area’s rent-to-income positioning sits closer to the national middle, suggesting room for disciplined rent growth management.
Demographics aggregated within 3 miles indicate flat-to-down population but a shift toward smaller household sizes over the next five years, with households projected to increase despite population contraction. For investors, this points to a larger number of smaller households and continued reliance on rental options — a dynamic that can support occupancy stability for well-maintained, well-located assets.
Neighborhood safety benchmarks land around the metro middle and near the national midpoint overall, based on recent indicators. The neighborhood’s crime rank is 83 out of 193 within the metro, while national percentiles hover around the 50th for both property and violent offenses. Encouragingly, violent incidents show an improving trend over the last year, placing the neighborhood in a stronger improvement tier nationally. As always, safety conditions can vary by block and over time; investors should corroborate trends with current local data and property-level controls.
Proximity to established corporate employers supports a deep commuter tenant base and can aid leasing consistency. Notable nearby anchors include Core-Mark, Celgene, Walmart Global eCommerce HQ, McKesson, and Pfizer.
- Core-Mark Holding — distribution (3.3 miles) — HQ
- Celgene — biopharma (4.4 miles)
- Walmart Global eCommerce HQ — e-commerce (5.6 miles)
- McKesson — healthcare distribution (5.7 miles) — HQ
- Pfoizer — pharmaceuticals (5.8 miles)
The 2010 construction stands out against an older neighborhood housing base, offering relative competitiveness versus pre-1960 stock while leaving room for targeted refreshes over time. Elevated home values in the area point to a high-cost ownership market that tends to reinforce renter reliance, and according to CRE market data from WDSuite, neighborhood-level occupancy has been softer than the metro median — emphasizing the importance of asset quality, amenity access, and hands-on leasing to capture demand.
Within a 3-mile radius, incomes are strong and trending higher, supporting rent levels as household sizes decline and the number of households is expected to rise. Amenity density (cafes, groceries, and restaurants) tests well against peer neighborhoods locally and nationally, which can aid tenant retention and reduce turnover friction for a well-managed, mid-2010s-vintage community.
- 2010 vintage competitive versus older neighborhood stock; supports positioning with selective value-add potential
- High-cost ownership market sustains renter demand and pricing power for quality assets
- Strong amenity access nearby (cafes, groceries, restaurants) supports retention and leasing velocity
- Demographic shift toward smaller households within 3 miles can expand the renter pool
- Risk: Neighborhood occupancy trends below metro levels; execution and differentiation are key