| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 76th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 877 Heatherstone Way, Mountain View, CA, 94040, US |
| Region / Metro | Mountain View |
| Year of Construction | 1972 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
877 Heatherstone Way, Mountain View Multifamily Thesis
Positioned in an Urban Core pocket with strong renter concentration and high-cost ownership dynamics, this asset benefits from deep tenant demand and proximity to major tech employers, according to WDSuite’s CRE market data. Neighborhood occupancy is steady and supported by a robust income base, suggesting resilient leasing even as conditions normalize across the metro.
The property sits within an A-rated Urban Core neighborhood that is competitive among San Jose–Sunnyvale–Santa Clara neighborhoods (rank 41 of 344) and in the top quartile nationally on overall fundamentals. Amenities skew favorable: grocery, parks, and pharmacies index in the upper national percentiles, and restaurant density is strong, reinforcing daily convenience for residents and supporting renter retention.
Renter concentration is high, with a large share of housing units renter-occupied (rank 10 of 344 and high nationally). For multifamily owners, that depth of the tenant base typically supports marketing efficiency and ongoing lease-up needs, while helping smooth turnover through a broader pool of prospective renters.
Home values are elevated (upper national percentiles), making this a high-cost ownership market. In investor terms, that tends to sustain reliance on rental housing, bolstering pricing power and lease retention in well-managed assets. Median household incomes in the neighborhood are also high by national standards, and rent-to-income indicators point to manageable affordability pressure relative to other coastal tech hubs.
Within a 3-mile radius, population has grown modestly in recent years with households trending upward and further expansion projected. This points to a gradually expanding renter pool and supports occupancy stability over the medium term, based on CRE market data from WDSuite.
Vintage and value-add: The asset’s 1972 construction is older than the neighborhood’s average stock (1980s), which implies capital planning for systems and common areas. For sponsors targeting value-add, this age profile can offer renovation upside to better compete against newer stock.
Safety performance is mixed when viewed against both metro and national benchmarks. Neighborhood crime ranks below the metro median (rank 259 of 344), and national percentiles suggest outcomes below the national median. However, recent data indicate property offenses have eased year over year, which is a constructive trend to monitor for investors focused on tenant retention and insurance costs.
As always, investors should evaluate block-by-block conditions, on-site security, lighting, and management policies alongside trend data to contextualize risk and potential operating impacts.
Nearby technology anchors provide a large, diversified employment base that supports commuter demand and leasing stability for workforce and professional tenants. The list below highlights prominent employers within a short drive that are most relevant to this submarket’s renter base: Symantec, Apple, Comcast Silicon Valley, and Alphabet.
- Symantec — software & cybersecurity (2.0 miles) — HQ
- Apple - Benecia 02 — corporate offices (2.3 miles)
- Comcast Silicon Valley — telecommunications (2.9 miles)
- Apple — corporate headquarters & offices (3.2 miles) — HQ
- Alphabet — corporate headquarters (3.8 miles) — HQ
877 Heatherstone Way comprises 108 units in a high-income, high-cost ownership pocket of Mountain View where renter demand is durable and supported by proximity to major tech employment. Neighborhood renter-occupied share is elevated and home values rank in the upper national percentiles, reinforcing reliance on multifamily housing and supporting pricing power for well-maintained assets. According to CRE market data from WDSuite, neighborhood NOI per unit metrics are top quartile nationally, underscoring strong operating potential in this location.
Built in 1972, the asset is older than the area’s average vintage, which calls for targeted capital planning but also presents clear value-add and repositioning opportunities to compete with newer product. Within a 3-mile radius, modest population growth and increasing household counts point to a steadily expanding tenant base, which should aid occupancy stability over a multi-year hold.
- High renter-occupied share and elevated home values support deep, stable tenant demand.
- Proximity to major tech employers (Apple, Alphabet, Symantec) underpins leasing and retention.
- Neighborhood operating performance (NOI per unit) ranks top quartile nationally.
- 1972 vintage offers renovation and repositioning upside with appropriate CapEx planning.
- Risk: Safety metrics trail the metro median; underwriting should incorporate security and insurance considerations.