| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 85th | Best |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2301 Park Blvd, Palo Alto, CA, 94306, US |
| Region / Metro | Palo Alto |
| Year of Construction | 1989 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2301 Park Blvd Palo Alto Multifamily Opportunity
Renter demand is reinforced by a high-cost ownership market and proximity to major Silicon Valley employers, according to WDSuite’s CRE market data.
Located in Palo Alto’s Urban Core within the San Jose–Sunnyvale–Santa Clara metro, the property benefits from neighborhood fundamentals that are above the metro median for overall livability (A rating among 344 neighborhoods). Parks access is a standout, with the area performing at the top tier nationally, and restaurant density is also notably strong. These amenities support resident retention and day-to-day convenience for a professional renter base.
Public school quality is a key long-term driver here, with average ratings in the top national percentile. Pharmacies and childcare access score well compared with neighborhoods nationwide, which can support leasing to family and dual-income households.
On housing dynamics, the neighborhood shows a higher renter concentration, with more than half of occupied housing units renter-occupied. For investors, that indicates a deeper tenant base and supports multifamily demand through cycles. While overall housing occupancy in the neighborhood trails stronger metro performers, elevated home values in Palo Alto relative to national norms tend to sustain reliance on rental options, which can aid pricing power when paired with thoughtful lease management.
Within a 3-mile radius, demographics point to a stable and affluent renter pool. Population is projected to grow modestly over the next five years while household counts are expected to rise more quickly, implying slightly smaller household sizes and more households entering the market. Median incomes are high by national standards, and rent levels track accordingly; combined, these factors support occupancy and renewal prospects. These observations are based on commercial real estate analysis from WDSuite.
Safety indicators are mixed when viewed across geographies. Relative to U.S. neighborhoods, the area sits below average on safety, with property crime elevated versus national norms. Within the San Jose–Sunnyvale–Santa Clara metro, reported crime levels are closer to the middle of the pack rather than an extreme. Recent data also show a year-over-year decline in property offenses, suggesting some improvement in trends. Investors typically address these conditions through lighting, access control, and resident engagement programs appropriate to the asset’s positioning.
The employment base is anchored by nearby technology headquarters and large corporate campuses, supporting a deep pool of well-paid renters and short commute times for residents. Key employers include HP, Hewlett Packard Enterprise, Tesla, Alphabet, and Facebook.
- HP — technology HQ (1.0 miles) — HQ
- Hewlett Packard Enterprise — technology HQ (1.0 miles) — HQ
- Tesla — electric vehicles (2.4 miles) — HQ
- Alphabet — internet & software (3.3 miles) — HQ
- Facebook — social media (3.7 miles) — HQ
Built in 1989, the asset is newer than much of the neighborhood’s housing stock. That positioning can be competitive for leasing versus older properties, while still leaving room for targeted modernization and systems updates to drive rent premiums. The surrounding renter base is sizable, supported by high home ownership costs and proximity to large technology employers, which together help sustain demand for professionally managed rentals.
Within a 3-mile radius, modest population growth and a faster projected increase in households point to a larger tenant base over the next five years. Household incomes are high by national standards, and rent-to-income measures are relatively favorable; according to CRE market data from WDSuite, these conditions support lease retention and pricing discipline when paired with consistent asset upkeep. Key risks include property crime levels that are elevated versus national norms and the need to plan for aging systems typical of late-1980s construction.
- Newer 1989 vintage versus local stock, with renovation and systems-upgrade potential
- Strong nearby employer base and tech HQ concentration supporting steady renter demand
- High-cost ownership market reinforces reliance on rentals, aiding pricing power
- 3-mile area shows modest population growth and faster household expansion, enlarging the tenant pool
- Risks: elevated property crime versus national norms and aging late-1980s systems require capital planning