| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 85th | Best |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 360 Sheridan Ave, Palo Alto, CA, 94306, US |
| Region / Metro | Palo Alto |
| Year of Construction | 1979 |
| Units | 57 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
360 Sheridan Ave, Palo Alto Multifamily Investment
High-cost ownership dynamics in Palo Alto support renter reliance and pricing resilience, according to WDSuite s CRE market data, even as neighborhood occupancy trends warrant closer asset-level underwriting.
Situated in Palo Alto s Urban Core, the property benefits from a neighborhood rated A and ranked 42 out of 344 metro neighborhoods competitive among San Jose Sunnyvale Santa Clara submarkets. Restaurants and daily-needs access are strengths, with restaurant density performing in the upper national percentiles and grocery and pharmacy access also testing above typical U.S. neighborhoods. Abundant parks rank at the top nationally, and average school ratings trend at the top of national comparisons appealing features for retention and long-term demand.
Renter-occupied share in the neighborhood is 50.6%, indicating a deep tenant base for multifamily. Neighborhood occupancy trends are below the metro median (ranked 335 of 344), so investors should underwrite property-level leasing performance carefully; however, a sizable renter pool can support absorption and stabilize tenancy with effective operations.
Within a 3-mile radius, demographics point to a high-income renter pool and steady fundamentals. Household counts have edged up historically and are projected to grow further, with forecasts indicating additional renter pool expansion and modest population growth over the next five years. These dynamics typically support occupancy stability and renewals, particularly for well-managed assets.
Ownership costs in the area are elevated compared with national norms, which tends to sustain multifamily demand and reinforce lease retention, while rent-to-income levels in the neighborhood suggest manageable affordability pressure relative to local incomes. For a 1979 vintage asset, targeted renovations and systems upgrades can enhance competitive positioning versus newer offerings while tapping into demand driven by nearby employment nodes.
Safety indicators for the neighborhood sit below national medians, and the area ranks below the metro average (246 out of 344) for overall crime, suggesting investors should incorporate prudent security and loss-prevention assumptions. At the same time, property offenses have trended lower year over year, indicating some improvement in recent conditions compared with prior periods.
Framed nationally, violent and property crime metrics fall in lower percentiles versus U.S. neighborhoods overall, while recent declines in property incidents point to directionally improving trends. Asset-level measures lighting, access control, and partnership with professional management can help mitigate risk and support resident retention.
Proximity to major tech employers underpins demand for workforce and professional housing, supporting leasing stability and renewal potential. Nearby anchors include HP, Hewlett Packard Enterprise, Tesla, Alphabet, and Facebook.
- HP technology (0.8 miles) HQ
- Hewlett Packard Enterprise technology (0.8 miles) HQ
- Tesla technology/auto (2.2 miles) HQ
- Alphabet technology (3.2 miles) HQ
- Facebook technology (3.9 miles) HQ
360 Sheridan Ave is a 57-unit, 1979-vintage asset positioned in an Urban Core neighborhood with top-tier schools, strong amenities, and a sizable renter base. While neighborhood occupancy runs below the metro median, elevated local home values and high-area incomes reinforce sustained reliance on rental housing, supporting long-term demand for well-operated multifamily. Based on CRE market data from WDSuite, the neighborhood s amenity access and renter concentration compare favorably to national benchmarks, suggesting potential for resilient leasing with disciplined management.
The 1979 vintage points to targeted value-add potential interior updates and building systems planning can narrow the competitive gap with newer stock. Within a 3-mile radius, forecasts call for growth in households and incremental population gains, which typically expand the tenant base and support occupancy stability. Nearby employment anchors deepen the pool of professional renters and bolster renewal prospects.
- High-cost ownership market supports rental reliance and pricing power
- Large renter-occupied share and strong amenities underpin tenant demand
- 1979 vintage enables focused value-add and systems upgrades
- Major nearby employers broaden the professional renter pool
- Risks: below-metro occupancy and safety considerations require conservative underwriting