| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 80th | Best |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 620 Alamo Ct, Mountain View, CA, 94043, US |
| Region / Metro | Mountain View |
| Year of Construction | 1974 |
| Units | 25 |
| Transaction Date | 2019-01-23 |
| Transaction Price | $9,883,875 |
| Buyer | Romax Maubert LLC |
| Seller | Young Properties II LP |
620 Alamo Ct, Mountain View Multifamily Investment
Neighborhood occupancy is 96.8%, supporting income stability for well-managed assets in this inner-suburban pocket of Mountain View, according to WDSuite’s CRE market data.
Located in Mountain View’s inner-suburban fabric, the neighborhood carries an A- rating and ranks 66 out of 344 metro neighborhoods, indicating competitive positioning within the San Jose–Sunnyvale–Santa Clara region. Amenity access trends above national averages, with cafes in the top quartile nationally and groceries and restaurants also scoring solidly, which supports renter convenience and day-to-day livability.
At the neighborhood level, occupancy trends are strong (96.8%; 82nd national percentile), and average NOI per unit ranks among the metro’s leaders (96th national percentile), signaling resilient operations for comparable assets. Median contract rent has risen over the past five years while rent-to-income remains moderate for the area, suggesting room for disciplined revenue management without overextending affordability. Note that these metrics reflect neighborhood conditions, not the property’s own performance.
The asset’s 1974 vintage is older than the neighborhood’s average construction year (1983 rank position competitive within the metro), pointing to potential value-add through systems modernization and interior updates. For investors, this can translate into targeted capex planning to enhance competitiveness against newer stock while leveraging the area’s durable renter demand.
Tenure dynamics indicate a high renter concentration at the neighborhood scale (59.2% renter-occupied units; 93rd national percentile), deepening the multifamily tenant base and supporting leasing continuity. Within a 3-mile radius, population and households have grown in recent years and are projected to see a further increase in households alongside a gradual reduction in average household size, which typically expands the renter pool and underpins occupancy stability. Elevated home values at the neighborhood level reinforce reliance on multifamily housing, supporting retention and pricing power for well-amenitized, professionally managed properties.
Safety conditions should be evaluated with care. Compared with neighborhoods nationwide, this area sits below average for safety (22nd national percentile), reflecting elevated property crime relative to U.S. benchmarks. Within the San Jose–Sunnyvale–Santa Clara metro, the neighborhood ranks 292 out of 344, placing it in a weaker cohort locally.
Recent neighborhood data also show year-over-year increases in both property and violent offenses, warranting prudent security measures and active management. For investors, practical mitigations—such as lighting, access control, and coordination with local resources—can help support resident retention and operational consistency over a hold period.
Proximity to major tech and communications employers supports a deep, commuter-friendly renter base, including Symantec, Apple, Alphabet, Comcast, and Yahoo.
- Symantec — cybersecurity (0.8 miles) — HQ
- Apple — technology offices (1.6 miles)
- Alphabet — technology (1.6 miles) — HQ
- Comcast Silicon Valley — telecommunications (1.8 miles)
- Yahoo — internet & media (2.6 miles) — HQ
620 Alamo Ct is a 25-unit asset in a neighborhood that ranks competitively within the San Jose–Sunnyvale–Santa Clara metro, with occupancy at 96.8% and NOI per unit performance in top national percentiles at the neighborhood level. According to CRE market data from WDSuite, the area’s renter concentration and strong amenity access underpin a durable tenant base, while elevated ownership costs at the neighborhood level tend to sustain reliance on multifamily housing.
Built in 1974, the property is older than the area’s average stock, suggesting achievable value-add through modernization and operational upgrades to maintain competitiveness against newer assets. Household growth within a 3-mile radius and a projected increase in households, alongside slightly smaller household sizes, point to a larger renter pool over time—supporting occupancy stability and measured rent growth for well-executed renovations and professional management.
- Neighborhood occupancy at 96.8% supports income stability versus broader benchmarks.
- High renter concentration expands the tenant base and underpins leasing continuity.
- 1974 vintage presents value-add potential through targeted capex and modernization.
- Proximity to major employers (tech and communications) supports demand and retention.
- Risk: Below-average safety metrics warrant enhanced security and active on-site management.