| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 70th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7411 Rainbow Dr, Cupertino, CA, 95014, US |
| Region / Metro | Cupertino |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7411 Rainbow Dr Cupertino Multifamily Investment
This 20-unit property benefits from neighborhood-level occupancy rates of 98.4% and proximity to major tech employers in Silicon Valley's core. According to WDSuite's CRE market data, the submarket demonstrates resilient rental demand fundamentals despite elevated ownership costs.
This Cupertino neighborhood ranks in the top quartile among 344 metro neighborhoods for housing fundamentals, with 28.9% of housing units renter-occupied within a 3-mile radius. The area maintains strong occupancy rates at 98.4%, supported by high household incomes and limited ownership accessibility due to median home values exceeding $1.9 million.
Demographic data aggregated within a 3-mile radius shows household incomes averaging $283,000 with 52.8% of households earning above $200,000 annually. Population projections indicate modest growth of 1.7% through 2028, while household formation is expected to increase by 27.7%, expanding the potential tenant base. The neighborhood's 1973 construction year predates the area average of 1994, presenting potential value-add opportunities through strategic renovations.
Rent levels reflect the premium location, with median contract rents at $3,335 compared to elevated ownership costs. The area offers strong amenity density including restaurants and childcare facilities, though grocery access is limited within the immediate vicinity. Educational attainment remains high with 35.1% of residents holding bachelor's degrees, ranking in the 92nd percentile nationally.
The neighborhood demonstrates strong safety metrics, ranking 1st out of 344 metro neighborhoods for overall crime rates and achieving the 90th percentile nationally. Property offense rates have declined significantly by 76.6% year-over-year, while violent crime rates remain low at 3.2 per 100,000 residents.
These safety trends support tenant retention and leasing velocity in a market where residents prioritize security alongside proximity to employment centers. The improving crime statistics indicate positive neighborhood trajectory that typically correlates with sustained rental demand.
The property benefits from proximity to Silicon Valley's largest tech employers, providing stable workforce housing demand for high-income professionals. Major corporate campuses within a 6-mile radius include Apple, Netflix, and other Fortune 500 technology companies.
- Apple — technology headquarters (2.1 miles) — HQ
- Apple - Stevens Creek 8 — technology offices (2.4 miles)
- Apple - Tantau 14 — technology offices (2.7 miles)
- Netflix — streaming technology (4.9 miles) — HQ
- Nvidia — semiconductor technology (6.2 miles) — HQ
This Cupertino property offers exposure to Silicon Valley's resilient rental market, supported by neighborhood-level occupancy of 98.4% and proximity to major tech employers including Apple headquarters 2.1 miles away. The 1973 vintage provides value-add potential through strategic improvements, while elevated home values sustain rental demand among high-income tech workers.
Demographics within a 3-mile radius show household income growth and projected household formation increases of 27.7% through 2028, according to multifamily property research data. The neighborhood's top-quartile housing fundamentals and strong safety metrics support long-term occupancy stability in this premium Silicon Valley submarket.
- Neighborhood occupancy rates of 98.4% indicate strong rental demand stability
- Proximity to Apple headquarters and major tech employers supports workforce housing demand
- 1973 construction year offers value-add renovation opportunities in premium market
- Projected 27.7% household formation growth through 2028 expands tenant base
- Risk: Elevated ownership costs may limit tenant mobility and require competitive amenities