| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 79th | Best |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3895 Fabian Way, Palo Alto, CA, 94303, US |
| Region / Metro | Palo Alto |
| Year of Construction | 2010 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3895 Fabian Way Palo Alto Multifamily Investment
2010-vintage, 56-unit asset positioned in a high-income Palo Alto neighborhood where elevated ownership costs sustain rental reliance, according to WDSuite’s CRE market data. Newer construction versus local stock supports competitive positioning and renter demand.
Situated in Palo Alto’s inner-suburban fabric of the San Jose–Sunnyvale–Santa Clara metro, the property benefits from strong neighborhood fundamentals and proximity to major tech employment. The area’s average school rating sits among the top quartile nationally, which helps underpin family-oriented rental demand and supports lease retention for multifamily assets.
Local housing stock skews older than this asset (neighborhood average construction year is 1988), so a 2010 delivery offers relative competitiveness against older comparables while still warranting routine system updates as the asset moves beyond its first lifecycle. Neighborhood occupancy is near the U.S. midpoint and has softened in recent years, suggesting an environment where well-located, professionally managed properties can differentiate on quality and operations.
Within a 3-mile radius, high household incomes and a meaningful renter-occupied share indicate a deep tenant base. Households have been expanding even as population trends remain flat to slightly down, pointing to smaller household sizes and a steady flow of renters entering the market—dynamics that can support occupancy stability. Elevated home values in the neighborhood reinforce renter reliance on multifamily housing, which can aid pricing power and lease-up consistency during typical turnover.
Amenity access is anchored by parks and childcare density that score above many U.S. neighborhoods, while day-to-day retail and cafes are more dispersed, aligning the location with car or bike convenience. Overall, the neighborhood ranks above the metro median on several livability factors, and, based on CRE market data from WDSuite, maintains demographics and schools that are competitive among Silicon Valley neighborhoods.
Safety signals here are mixed in national context. Property-related offenses track below the higher national safety percentiles (i.e., more incidents than the U.S. average), while violent-offense indicators sit near the national midpoint. This suggests investors should underwrite standard security measures and thoughtful site management to support resident satisfaction and retention.
Within the San Jose–Sunnyvale–Santa Clara metro (344 neighborhoods), the neighborhood’s overall crime positioning trails the metro’s safest clusters, but trends do not indicate outlier risk. A practical approach—lighting, access control, and community engagement—can help maintain stability without materially altering the investment thesis.
Proximity to major tech employers supports a robust renter pool and commute convenience for knowledge workers. Nearby anchors include Alphabet, HP, Hewlett Packard Enterprise, Tesla, and Lockheed Martin Space Systems.
- Alphabet — technology (1.1 miles) — HQ
- HP — technology hardware (2.4 miles) — HQ
- Hewlett Packard Enterprise — enterprise technology (2.4 miles) — HQ
- Tesla — automotive & energy (3.3 miles) — HQ
- Lockheed Martin Space Systems — defense & aerospace (3.8 miles)
3895 Fabian Way offers a 2010 construction year in a Palo Alto neighborhood characterized by high household incomes, top-tier schools, and sustained reliance on renting due to elevated ownership costs. The asset’s newer vintage relative to surrounding stock can enhance leasing appeal and reduce near-term competitive obsolescence, while investors should still plan for system refreshes typical of properties entering mid-life. According to CRE market data from WDSuite, neighborhood occupancy sits around the national midpoint, highlighting the importance of operations-led differentiation.
Within a 3-mile radius, households are increasing even as population growth remains flat to slightly down, indicating smaller household sizes and a steady renter pipeline. Combined with proximity to major employers, these factors support tenant demand and lease retention, with high home values reinforcing multifamily as a primary housing option for many residents.
- 2010-vintage asset outcompetes older neighborhood stock while entering a predictable mid-life maintenance window.
- High-income area with top-tier schools supports stable renter demand and retention.
- Proximity to major tech employers underpins leasing velocity among knowledge workers.
- Elevated ownership costs reinforce multifamily demand and can support pricing power.
- Risk: neighborhood safety sits near national midlevels on violent crime and weaker on property crime—budget for practical security and resident engagement.