| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 77th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2301 Cooley Ave, East Palo Alto, CA, 94303, US |
| Region / Metro | East Palo Alto |
| Year of Construction | 1980 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2301 Cooley Ave East Palo Alto Multifamily Near Tech Jobs
In a high-cost ownership pocket of San Mateo County, elevated home values and strong local incomes help sustain renter demand, according to WDSuite’s CRE market data. The location offers daily convenience and proximity to major employers, supporting leasing velocity when well-positioned on finishes and management.
Neighborhood dynamics and investment context
The property sits in East Palo Alto’s Urban Core within the San Francisco-San Mateo-Redwood City metro. Amenities test well: the neighborhood is competitive among 193 metro neighborhoods on overall amenity access, with grocery, restaurants, cafes, and parks benchmarking in the top quartile nationally. Daily needs are largely met nearby, though pharmacy access lags and may require short trips to adjacent areas.
Ownership costs in the neighborhood are elevated versus national norms, and the value-to-income ratio ranks near the top nationally. For multifamily operators, this tends to reinforce reliance on rental housing and can support pricing power, particularly for renovated product and professionally managed communities.
Neighborhood occupancy currently trends below the metro median, but the share of housing units that are renter-occupied is above national averages. For investors, that renter concentration signals a meaningful tenant base, with demand tied to workforce access and commute convenience.
Within a 3-mile radius, demographics show a stable population, high household incomes, and a growing number of households over time, pointing to a larger tenant base and continued demand for quality rentals. Rent levels in the area are high by national standards; lease management should balance pricing with retention to mitigate affordability pressure.
School ratings in the immediate neighborhood score low relative to national benchmarks. For multifamily, this often shifts demand mix toward working adults and households prioritizing commute and amenity access over school performance.
Safety context
Safety indicators present a mixed picture. Compared with neighborhoods nationwide, recent measures land in above-average percentiles for safety, which is favorable. Within the San Francisco-San Mateo-Redwood City metro’s 193 neighborhoods, however, the neighborhood’s crime rank indicates performance below the metro median. For investors, this suggests emphasizing on-site security, lighting, and resident engagement to support retention.
Recent trends point to improvement in severe incidents, with year-over-year declines in violent offense rates benchmarking strongly versus national peers. Monitoring trends and coordinating with property management and local resources remains prudent.
Proximity to major tech employers supports a deep renter pool and commute convenience for residents, anchored by Facebook, HP, Hewlett Packard Enterprise, and Alphabet. This employment base can underpin leasing stability for well-operated multifamily assets.
- Facebook — technology (1.1 miles) — HQ
- Facebook MPK 22GW-36 — technology offices (1.7 miles)
- HP — technology (3.8 miles) — HQ
- Hewlett Packard Enterprise — technology (3.8 miles) — HQ
- Alphabet — technology (4.5 miles) — HQ
2301 Cooley Ave sits in a high-cost ownership market where elevated home values and strong incomes tend to sustain rental demand. Amenity access is competitive in the metro and top quartile nationally across several daily-need categories, while proximity to major tech employers supports a durable renter pipeline. Based on CRE market data from WDSuite, neighborhood occupancy trails the metro median, suggesting that well-executed renovations, service quality, and leasing strategy are important to capture demand and drive retention.
Built in 1980, the asset may warrant targeted capital planning for building systems and interiors. In a market with rising household counts within a 3-mile radius and high national rent benchmarks, a practical value-add program can position units competitively while managing affordability pressure to support steady absorption and renewals.
- High-cost ownership landscape reinforces renter reliance and supports pricing power
- Amenity-rich location and near-term employer access bolster tenant demand
- 1980 vintage offers value-add and systems-upgrade potential to enhance competitiveness
- Demographic depth within 3 miles points to a larger tenant base over time
- Risks: neighborhood safety ranks below metro median and occupancy requires active leasing and retention management