| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 88th | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 375 Oaktree Dr, Mountain View, CA, 94040, US |
| Region / Metro | Mountain View |
| Year of Construction | 1993 |
| Units | 107 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
375 Oaktree Dr Mountain View Multifamily Investment
This 107-unit property built in 1993 sits in a top-quartile neighborhood among 344 metro areas, where occupancy rates reflect stable rental demand according to CRE market data from WDSuite.
The property occupies a neighborhood ranking 16th among 344 metro neighborhoods, earning an A rating with strong fundamentals across housing, demographics, and amenities. Built in 1993, this vintage aligns with the neighborhood's 1986 average construction year, suggesting potential value-add opportunities through selective unit upgrades and common area improvements.
Neighborhood-level occupancy stands at 91.3% with a strong 64.4% share of housing units renter-occupied, ranking in the 95th percentile nationally for rental tenure. Median contract rents of $3,138 place the area in the 99th percentile nationally, while the rent-to-income ratio of 0.20 indicates manageable affordability pressure for residents. Demographics within a 3-mile radius show a median household income of $193,962, with 49% of households earning above $200,000 annually.
The neighborhood benefits from exceptional amenity density, ranking in the 96th percentile nationally for grocery access with 4.94 stores per square mile, and achieving the top rank metro-wide for pharmacy availability. Childcare facilities rank in the 94th percentile nationally, supporting family retention. The area's 39.51 restaurants per square mile rank 12th metro-wide, enhancing tenant appeal.
Demographic projections within the 3-mile radius indicate household growth of 28.9% through 2028, expanding the potential renter pool from 49,411 to 63,696 households. Population growth of 1.8% and rising median incomes support sustained rental demand, while the forecast maintains the current 47.8% renter-occupied share.
Crime metrics present a mixed profile requiring careful monitoring. The neighborhood ranks 272nd among 344 metro neighborhoods for overall crime, placing it in the 29th percentile nationally. Property crime rates of 5,021 per 100,000 residents rank in the 2nd percentile nationally, though these rates declined 20.4% year-over-year, ranking in the 64th percentile for improvement trends.
Violent crime rates of 375 per 100,000 residents rank in the 12th percentile nationally, with an 18.7% increase year-over-year. While these metrics warrant attention in tenant communications and security planning, the neighborhood's strong employment base and high-income demographics typically support stable occupancy despite elevated crime statistics.
The property benefits from proximity to major technology headquarters and corporate offices that anchor regional employment demand.
- Alphabet — technology (1.9 miles) — HQ
- HP — technology hardware (2.6 miles) — HQ
- Hewlett Packard Enterprise — enterprise technology (2.6 miles) — HQ
- Tesla — automotive & energy (2.6 miles) — HQ
- Symantec — cybersecurity (2.7 miles) — HQ
This 107-unit property built in 1993 presents a value-add opportunity in one of Silicon Valley's most fundamentally strong rental markets. The neighborhood's A rating and top-quartile ranking among 344 metro areas reflects exceptional demographics, with median household incomes of $193,962 and 49% of households earning above $200,000. The 91.3% neighborhood occupancy rate and 64.4% renter-occupied housing share demonstrate sustained rental demand, while the 1993 vintage offers renovation upside potential through unit and common area improvements.
Demographic growth projections show household expansion of 28.9% through 2028, increasing the renter pool from 49,411 to 63,696 households within a 3-mile radius. Proximity to major technology employers including Alphabet (1.9 miles) and Tesla (2.6 miles) supports workforce housing demand, while exceptional amenity density ranking in the 96th percentile nationally for grocery access enhances tenant retention prospects according to multifamily property research from WDSuite.
- Strong rental fundamentals with 91.3% neighborhood occupancy and 64.4% renter tenure
- High-income demographics with $193,962 median household income supporting rent growth
- Proximity to major tech employers provides stable workforce housing demand
- 1993 vintage offers value-add potential through selective renovations
- Crime metrics require monitoring with property crime in 2nd percentile nationally