| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 93rd | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 135 Franklin St, Mountain View, CA, 94041, US |
| Region / Metro | Mountain View |
| Year of Construction | 2013 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
135 Franklin St, Mountain View Multifamily Investment
Positioned in Mountain View’s urban core with proximity to major tech employers, this 2013-vintage, 51-unit asset aligns with durable renter demand and supports steady operations, according to WDSuite’s CRE market data. The neighborhood shows resilient occupancy and deep renter concentration, pointing to stable leasing fundamentals without relying on aggressive underwriting.
Mountain View’s urban core combines daily convenience with strong live-work connectivity. Amenities are competitive among San Jose–Sunnyvale–Santa Clara neighborhoods (ranked 35 of 344), with abundant restaurants and cafes (national top percentiles), plus strong park and pharmacy access (both near the national top decile). Grocery access tracks above national norms, supporting day-to-day livability that helps with retention.
The neighborhood’s renter-occupied share is high (top national percentiles), indicating a deep tenant base for multifamily. Neighborhood occupancy is above the national median (63rd percentile) but sits below the metro median (ranked 230 of 344), suggesting generally stable leasing conditions with room for operational execution to drive property-level outperformance.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to expand further, pointing to a larger tenant base over time. Household sizes are gradually trending smaller, which can favor well-designed one- and two-bedroom layouts. Income levels are elevated relative to national benchmarks, reinforcing demand for quality rentals and supporting lease stability.
Ownership costs in this pocket of Santa Clara County are among the highest nationally, which tends to sustain reliance on multifamily housing rather than shifting to home purchase. Median contract rents in the neighborhood are also high versus national levels, but rent-to-income ratios remain manageable locally, a constructive backdrop for pricing power and renewals.
Safety indicators for the neighborhood trail both metro and national leaders (crime rank 296 of 344; national safety percentiles are lower), so investors should underwrite prudent security, lighting, and access-control measures. Property offenses show modest year-over-year improvement, which is a constructive directional signal, but monitoring trends and coordinating with local property management remains important for tenant experience.
Proximity to leading tech and enterprise employers underpins workforce housing demand and supports leasing durability for commuting professionals. Nearby anchors include cybersecurity, search/cloud, consumer electronics, telecom, and defense contractors that broaden the weekday demand base.
- Symantec — cybersecurity (1.4 miles) — HQ
- Alphabet — search & cloud (1.9 miles) — HQ
- Apple - Benecia 02 — consumer electronics (2.2 miles)
- Comcast Silicon Valley — telecom (2.5 miles)
- Lockheed Martin Space Systems — defense & aerospace (2.8 miles)
Constructed in 2013, this asset is newer than most neighborhood stock (average 1979), offering competitive positioning versus older buildings while leaving room for targeted modernization and operational upgrades during the hold. Occupancy at the neighborhood level trends above the national median, and a high renter-occupied share indicates depth in the tenant base—both supportive of leasing stability. Elevated home values in the area reinforce multifamily reliance and help sustain demand from high-income renters. These dynamics are corroborated by commercial real estate analysis from WDSuite, which also highlights the amenity-rich location and proximity to major employers.
Forward-looking demographics within a 3-mile radius point to continued renter pool expansion, with household growth and smaller average household sizes favoring quality, well-located units. Given strong incomes and commuting convenience, the property can compete for professional tenants while focusing on resident experience, renewal capture, and disciplined expense control.
- 2013 vintage offers competitive positioning versus older local stock, with potential for selective value-add and modernization.
- High renter-occupied share and above-national-median occupancy support demand depth and leasing stability.
- Elevated ownership costs sustain renter reliance, aiding pricing power and renewal capture.
- Amenity-rich, employer-proximate location enhances retention for commuting professionals.
- Risks: neighborhood safety metrics trail metro leaders; underwrite security and monitor trends; occupancy is mid-pack locally, requiring strong operations.