| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 82nd | Best |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20380 Stevens Creek Blvd, Cupertino, CA, 95014, US |
| Region / Metro | Cupertino |
| Year of Construction | 1998 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
20380 Stevens Creek Blvd Cupertino Multifamily Investment
This 120-unit property in an A-rated neighborhood benefits from neighborhood-level occupancy of 94.1% and proximity to major tech employers. The location ranks in the top quartile among 344 metro neighborhoods for overall investment fundamentals.
Located in Cupertino's Urban Core, this neighborhood ranks 28th out of 344 metro neighborhoods with an A rating, placing it in the top quartile for overall investment fundamentals. Built in 1998, the property aligns with the neighborhood's average construction year of 1992, positioning it well within the established multifamily stock without immediate capital expenditure pressures.
The area demonstrates strong rental fundamentals with neighborhood-level occupancy at 94.1% and median contract rents of $3,425, ranking 41st among metro neighborhoods and in the 100th national percentile. Within a 3-mile radius, 39.5% of housing units are renter-occupied, supporting consistent rental demand. The neighborhood's amenity profile ranks in the 76th national percentile, with 10.1 childcare facilities per square mile (100th national percentile) and access to grocery stores and restaurants that enhance tenant retention.
Demographics within the 3-mile radius show a median household income of $200,065, with 51.2% of households earning over $200,000 annually. Five-year projections indicate household growth of 26% and median income increases of 29.4%, according to CRE market data from WDSuite. The area's rent-to-income ratio of 0.18 suggests strong affordability for the target demographic, while median home values of $1.94 million reinforce rental demand by keeping ownership costs elevated relative to rental options.
The neighborhood demonstrates strong safety metrics with violent crime rates of 3.02 per 100,000 residents, ranking 1st among 344 metro neighborhoods and placing in the 88th national percentile. Property crime rates have declined 50.5% year-over-year, with the neighborhood ranking 24th metro-wide and in the 68th national percentile for property offense rates.
These safety trends support tenant retention and property values, with crime reduction patterns indicating improving neighborhood conditions. The combination of low violent crime incidence and declining property crime rates creates a stable environment for long-term rental demand.
The property benefits from proximity to Silicon Valley's technology corridor, with Apple's headquarters and multiple corporate campuses within 1.5 miles supporting strong workforce housing demand.
- Apple — technology headquarters (0.8 miles) — HQ
- Apple Stevens Creek 8 — technology offices (1.5 miles)
- Apple Tantau 14 — technology offices (1.6 miles)
- Applied Materials — semiconductor equipment headquarters (4.8 miles) — HQ
- Nvidia — graphics processing headquarters (5.0 miles) — HQ
This 120-unit Cupertino property capitalizes on Silicon Valley's employment density and housing scarcity dynamics. The neighborhood's A-rating reflects strong fundamentals including 94.1% occupancy, top-quartile amenity access, and proximity to Apple's headquarters. Built in 1998, the property requires minimal near-term capital investment while benefiting from the area's $200,000+ median household incomes and projected 26% household growth through 2028.
The investment case centers on sustained rental demand driven by elevated ownership costs ($1.94 million median home values) and tech sector employment concentration. Commercial real estate analysis from WDSuite shows the neighborhood ranking 28th among 344 metro areas for overall investment metrics, with rent growth of 17.6% over five years and strong demographic tailwinds supporting long-term occupancy stability.
- Top-quartile neighborhood fundamentals with A-rating and 94.1% occupancy
- Apple headquarters 0.8 miles away supporting workforce housing demand
- High-income demographics with 51% of households earning $200,000+
- 1998 construction year aligns with neighborhood average, minimizing capital needs
- Risk: High home values may create ownership competition as interest rates normalize