Yes it fking does. The Bay Area and coastal Northern California is practically identical to Portland climate wise. Check a map of the PNW, nor cal is usually included.
I never understood why people say SF is NorCal. It's only halfway up the coast. I know of Crescent City because I drove up 101 once, and we stopped there. We were amazed at the size of the redwoods around there. Each time we drove around a switchback our headlights illuminated another one which we would collectively gasp at. Later on we got a traffic ticket on our way to Grants Pass. It was worth it though, as Crater Lake was similarly impressive.
Also because the micro-climate of the penninsula, SF proper, and a decent bit around the bay is almost identical to the rest of the PNW. The culture is also nearly identical.
I went to a bar in SF that had some graffiti all over it. One of the graffiti said "Itching to get out of Portland". I asked inside about it, and they said it's because at the time Portland had a bedbug infestation.