| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Fair |
| Demographics | 86th | Best |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2260 Homestead Ct, Los Altos, CA, 94024, US |
| Region / Metro | Los Altos |
| Year of Construction | 1980 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2260 Homestead Ct, Los Altos Multifamily Investment
Positioned in an A+ rated neighborhood with deep renter demand and high-cost homeownership, the asset benefits from durable tenant depth and pricing power, according to WDSuite’s CRE market data.
Los Altos sits within the San Jose–Sunnyvale–Santa Clara metro and this neighborhood ranks in the top quartile among 344 metro neighborhoods for overall quality (A+). Amenity access is a strength, with grocery, parks, pharmacies, cafes, and restaurants measuring in the top quartile nationally — supportive of livability and retention.
School quality is a standout, with the neighborhood’s average school rating near the top of both the metro and the nation. For workforce access, the area’s Urban Core setting provides short commutes to major employment hubs, a practical advantage for leasing stability.
Home values are elevated relative to national norms and the value-to-income ratio is high, which typically sustains reliance on multifamily housing. Neighborhood median asking rents track well above national levels, but rent-to-income appears manageable locally, suggesting affordability pressure is less acute than in many coastal peers — a tailwind for lease retention.
On renter demand, the share of housing units that are renter-occupied is high for the metro, indicating a deep tenant base. Neighborhood occupancy trends have been softer than the metro median in recent years, so operators should prioritize customer service, renewal management, and targeted upgrades to support occupancy.
Demographic statistics within a 3-mile radius show a large, high-income population with modest recent growth and a projected increase in households alongside smaller household sizes. This combination points to a stable or expanding renter pool that can support occupancy and absorption, based on commercial real estate analysis from WDSuite.
Safety indicators are around the national median overall, with the neighborhood’s composite safety sitting slightly above the national midpoint. Recent trends show a notable decline in violent incidents year over year, while property offenses have ticked up — a mixed picture that suggests continued monitoring and standard security measures are prudent.
Compared with other neighborhoods nationwide, the area’s safety profile is broadly competitive; within the San Jose–Sunnyvale–Santa Clara metro, it performs in the middle of the pack. Investors should underwrite to routine loss-prevention practices and ensure common-area lighting, access controls, and unit-level hardware are kept current.
Proximity to major technology employers supports steady renter demand and renewal prospects, with short commutes to Apple, Symantec, and Applied Materials reinforcing workforce housing fundamentals.
- Apple — consumer technology (1.96 miles) — HQ
- Apple - Tantau 14 — consumer technology offices (3.34 miles)
- Apple - Stevens Creek 8 — consumer technology offices (3.51 miles)
- Symantec Corporation — cybersecurity offices (4.33 miles)
- Applied Materials — semiconductor equipment (5.62 miles) — HQ
This 48-unit property benefits from top-quartile neighborhood fundamentals, high-performing schools, and proximity to global tech employers that anchor a deep, high-income renter base. Elevated home values and a high value-to-income context reinforce reliance on multifamily housing, while local rent-to-income levels suggest room for sustained retention. According to CRE market data from WDSuite, the neighborhood’s renter concentration is high for the metro, supporting demand depth even as occupancy has trended below the metro median.
Within a 3-mile radius, expectations for rising household counts and slightly smaller households point to a larger pool of renters over time. Operators can pursue targeted unit and common-area upgrades to support occupancy and capture rent premiums commensurate with area incomes, while maintaining prudent underwriting for safety and marketing to commuters employed at nearby campuses.
- Top-quartile neighborhood quality and amenity access support retention
- High-cost ownership market sustains multifamily reliance and pricing power
- Proximity to major tech employers underpins steady leasing and renewal potential
- 3-mile outlook: more households and smaller sizes expand the renter pool
- Risk: neighborhood occupancy below metro median; maintain active renewal and marketing strategies