| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 73rd | Good |
| Amenities | 73rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4230 Terman Dr, Palo Alto, CA, 94306, US |
| Region / Metro | Palo Alto |
| Year of Construction | 1984 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4230 Terman Dr, Palo Alto Multifamily Investment
In a high-cost ownership pocket of Palo Alto, neighborhood fundamentals support steady renter demand; according to WDSuite’s CRE market data, occupancy in the neighborhood trends around national averages while pricing power is reinforced by elevated for-sale values.
Rated A- and positioned in Palo Alto’s Urban Core, the neighborhood ranks 74th of 344 across the San Jose–Sunnyvale–Santa Clara metro—placing it in the top quartile among 344 metro neighborhoods. For investors, this signals balanced location quality with deep employment access and durable renter appeal.
Local livability indicators are strong. Parks and open space score in the upper tiers nationally (park access around the 95th percentile), with pharmacy and grocery access also well above national norms. Restaurants index strongly (about the 81st percentile nationwide), though immediate cafe density is comparatively light. School quality is a standout, with average ratings near the 96th percentile nationally—supportive of retention for family-oriented renters.
Tenure data points to a meaningful renter base: the neighborhood’s share of housing units that are renter-occupied is competitive for the metro, helping underpin leasing depth. Within a 3-mile radius, demographics show recent population growth and an increase in households, suggesting a larger tenant base over time. Forward-looking estimates indicate continued household expansion, which typically supports occupancy stability and leasing velocity.
Home values in the neighborhood sit at the highest end of the national distribution, and the value-to-income ratio is also elevated. This high-cost ownership market tends to sustain reliance on multifamily options, supporting pricing power and lease retention, while the rent-to-income profile indicates manageable affordability pressure relative to many U.S. neighborhoods. The property’s 1984 vintage is moderately newer than the neighborhood average stock (1978), implying relative competitiveness versus older assets, while prudent investors should still plan for targeted system updates or modernization to meet current renter preferences.
Safety indicators are mixed but stable in context. The neighborhood’s overall crime positioning is around the metro average (ranked near the middle among 344 metro neighborhoods), aligning roughly with national mid-percentile readings.
Property offenses benchmark below national averages for safety, yet recent data shows year-over-year improvement, and violent offense measures sit slightly better than the national midpoint. For investors, the takeaway is a generally steady safety profile with recent directional improvement—worth monitoring alongside standard security and lighting upgrades at the asset level as part of risk management.
Proximity to major technology employers supports a deep white-collar renter base and short commutes, which can aid leasing stability and retention for workforce housing. Nearby anchors include Tesla, Hewlett Packard Enterprise, HP, Alphabet, and Symantec.
- Tesla — electric vehicles (1.36 miles) — HQ
- Hewlett Packard Enterprise — enterprise technology (1.38 miles) — HQ
- HP — enterprise technology (1.38 miles) — HQ
- Alphabet — search & cloud (2.75 miles) — HQ
- Symantec — cybersecurity (3.99 miles) — HQ
4230 Terman Dr combines Palo Alto’s high-barrier ownership environment with a solid renter base and top-tier amenities. Elevated home values and a strong value-to-income ratio reinforce the preference for multifamily housing, while school quality and park access bolster long-term retention. According to CRE market data from WDSuite, neighborhood occupancy trends are roughly in line with national norms, suggesting stable operations with potential pricing resilience given the depth of nearby employment.
Built in 1984, the asset is modestly newer than much of the surrounding housing stock, offering relative competitiveness versus older properties. Investors should plan for targeted capital projects to modernize systems and finishes as needed, positioning the community to capture demand from growing households within a 3-mile radius and sustain occupancy through market cycles.
- High-cost ownership market supports multifamily demand and pricing power
- Household growth within 3 miles expands the renter pool over time
- Proximity to major tech employers underpins leasing depth and retention
- 1984 vintage offers competitive positioning versus older stock with targeted upgrades
- Risk: safety metrics sit around metro averages; ongoing monitoring and on-site measures recommended