| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 77th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1730 Bay Rd, East Palo Alto, CA, 94303, US |
| Region / Metro | East Palo Alto |
| Year of Construction | 2005 |
| Units | 77 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1730 Bay Rd, East Palo Alto Multifamily Investment
Positioned in a high-cost ownership pocket of San Mateo County, the asset benefits from durable renter demand and proximity to major tech employment, according to WDSuite’s CRE market data. Neighborhood occupancy trends and tenant incomes point to steady leasing potential with room for product differentiation.
East Palo Alto’s Urban Core location offers strong daily-life convenience for residents: grocery and dining options score in the top decile nationally, while cafes and parks are also well represented. Pharmacy access is thinner than typical, so residents may rely on nearby submarkets for certain errands.
Home values in the neighborhood rank near the top nationally, indicating a high-cost ownership market that tends to sustain reliance on multifamily rentals and support pricing power for well-positioned product. Median household income levels are above many U.S. neighborhoods, which can aid rent collections and reduce turnover risk.
Renter-occupied housing accounts for a meaningful share of units in the neighborhood (approximately two in five), signaling a sizable tenant base for a 77-unit community. At the same time, the neighborhood’s overall housing occupancy sits below national medians, so competitive positioning, management execution, and refreshed finishes can matter for maintaining absorption.
Within a 3-mile radius, demographics show modest population growth historically with forecasts suggesting a slight population dip alongside a notable increase in household count and smaller household sizes. For multifamily investors, that points to a broader renter pool and support for occupancy stability even if headcount growth slows.
The average neighborhood construction year is earlier than 2005, making this property comparatively newer stock. For investors, that typically reduces near-term capital needs versus older inventory while still leaving opportunity for targeted modernization to capture premiums.
Relative to the San Francisco–San Mateo–Redwood City metro, the neighborhood’s safety profile is competitive, with crime levels aligning to stronger-performing areas locally and landing in the upper tier compared with neighborhoods nationwide. Recent data also indicate year-over-year improvement in violent incidents, which supports resident retention and leasing stability.
As with any urban core location, trends can vary by micro-area and cycle. Investors should underwrite with current comps and consider property-level security and lighting to match renter expectations.
The property sits near a deep technology and professional services employment base that supports commuter convenience and renter demand, including major campuses and headquarters noted below.
- Facebook — social media (1.1 miles) — HQ
- Facebook MPK 22GW-36 — corporate offices (1.8 miles)
- Hewlett Packard Enterprise — enterprise technology (3.9 miles) — HQ
- Alphabet — technology (4.5 miles) — HQ
- Tesla — automotive and energy (5.3 miles) — HQ
Built in 2005, this 77-unit community offers relatively newer stock versus much of the surrounding neighborhood, positioning it to compete effectively with older assets while leaving room for targeted value-add. The location’s high-cost homeownership context and strong nearby amenities support multifamily demand, and proximity to major employers underpins commuter appeal. According to CRE market data from WDSuite, neighborhood-level occupancy trends sit below national norms, suggesting that refreshed interiors and hands-on leasing can differentiate the asset.
Within a 3-mile radius, households are projected to increase even as population edges down, pointing to smaller household sizes and a broader renter pool. Combined with above-average incomes in the area and a concentration of nearby HQs, this creates a foundation for stable tenancy with potential to capture premiums through renovations and operational execution.
- 2005 vintage offers competitive positioning versus older neighborhood stock with targeted modernization upside
- High-cost ownership market reinforces multifamily reliance and supports pricing power for well-executed product
- Strong employer proximity (Meta, Alphabet, Tesla, HPE) supports demand depth and retention
- 3-mile household growth and smaller household sizes expand the renter pool, aiding occupancy stability
- Risk: neighborhood occupancy below national averages requires focused leasing, competitive amenities, and active management