| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Good |
| Demographics | 76th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Forest Glen St, Mountain View, CA, 94043, US |
| Region / Metro | Mountain View |
| Year of Construction | 1978 |
| Units | 24 |
| Transaction Date | 2015-03-18 |
| Transaction Price | $11,864,000 |
| Buyer | Prometheus Real Estate Group, Inc. |
| Seller | Loney 2003 Family Trust |
1 Forest Glen St Mountain View Multifamily Investment
Positioned near a deep tech employment base and a high-cost ownership market, the property benefits from durable renter demand according to WDSuite s CRE market data. Neighborhood occupancy trends should be monitored, but the broader tenant pool supports leasing stability.
Located in Mountain View s Urban Core within the San Jose Sunnyvale Santa Clara metro, the neighborhood rates a solid B and performs above the metro median on several investor-relevant measures (rank 138 of 344 metro neighborhoods). Grocery and park access are competitive among metro peers, with both amenities testing in high national percentiles, while on-site dining density inside the neighborhood is lighter, relying on nearby corridors for restaurants and cafes. Average public school ratings hover around the national middle, offering functional coverage for family renters.
Renter demand is reinforced by a high-cost ownership environment and strong local incomes relative to national benchmarks. Median home values and household incomes in the neighborhood sit in the upper national percentiles; for investors, that context typically sustains rental reliance and supports pricing power, while also requiring attentive lease management to balance affordability pressure. Neighborhood rents trend toward the high end nationally, consistent with Silicon Valley s broader market positioning.
Within a 3-mile radius, demographics indicate a large, affluent renter pool with continued population and household growth expected over the next five years, which points to a larger tenant base and supports occupancy stability. The share of housing units that are renter-occupied is a touch above half within this radius, suggesting depth for multifamily absorption near major employment nodes.
The building s 1978 vintage is older than the neighborhood s average stock from 1990. For investors, that typically implies capital planning for systems and common-area updates, along with potential value-add upside to tighten competitiveness against newer product.
Safety indicators for the neighborhood are mixed relative to the region and nation. Compared with 344 metro neighborhoods, crime ranks in the lower half, and national percentiles place the area below the national median for both violent and property offenses. Recent data show property offense rates trending down year over year, while violent offense trends have moved up; investors should underwrite with conservative assumptions and consider standard security and lighting upgrades typical for urban core assets.
Proximity to major technology and enterprise employers underpins workforce housing demand and commute convenience. Nearby employers include Alphabet, Symantec, Apple, Comcast Silicon Valley, and Hewlett Packard Enterprise, supporting a stable leasing base across tech, cybersecurity, telecommunications, and enterprise IT.
- Alphabet technology (1.2 miles) HQ
- Symantec cybersecurity (2.0 miles) HQ
- Apple Benecia 02 technology offices (2.8 miles)
- Comcast Silicon Valley telecommunications (3.0 miles)
- Hewlett Packard Enterprise enterprise IT (3.1 miles) HQ
This 24-unit, 1978-vintage asset sits in a high-income, high-cost ownership pocket of Mountain View where renters rely on multifamily options near major tech employers. Based on CRE market data from WDSuite, neighborhood rents benchmark high nationally and home values test at the upper end, which together support tenant reliance on rentals and pricing power for well-maintained properties. The older vintage suggests practical value-add opportunities through unit and system modernization to compete with newer stock.
Within a 3-mile radius, population and household growth are projected to expand the renter pool, reinforcing leasing velocity and renewal prospects. While neighborhood occupancy has softened versus prior years, proximity to anchor employers and above-median neighborhood ratings indicate durable demand with thoughtful operations and capital planning.
- Silicon Valley location with deep tenant base supported by major employers
- High-cost ownership market sustains renter reliance and supports pricing power
- 1978 vintage offers value-add potential through interior and systems updates
- Demographic growth within 3 miles supports occupancy stability and renewals
- Risk: neighborhood safety and occupancy trends warrant conservative underwriting and active asset management