| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 73rd | Good |
| Amenities | 73rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 574 Arastradero Rd, Palo Alto, CA, 94306, US |
| Region / Metro | Palo Alto |
| Year of Construction | 1973 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
574 Arastradero Rd, Palo Alto Multifamily Investment
Positioned in a high-income Palo Alto neighborhood with strong schools and established amenities, this 66‑unit asset benefits from durable renter demand and a deep employment base. Neighborhood occupancy is stable by regional standards, according to WDSuite’s CRE market data, supporting consistent leasing with potential for value-add upside.
The property sits in an Urban Core pocket of Palo Alto rated A- and ranked 74th out of 344 neighborhoods in the San Jose–Sunnyvale–Santa Clara metro, placing it in the top quartile locally. That relative standing is reinforced by national strength across daily-needs access: parks (top decile nationally), pharmacies, and groceries are well-represented, while restaurants are competitive; café density is thinner than peer urban cores. Average school ratings are among the strongest nationally, supporting family-oriented demand.
Ownership costs in the neighborhood are among the highest in the country, which tends to sustain reliance on multifamily rentals and supports pricing power over time. Median contract rents are also elevated versus national norms, yet rent-to-income levels point to manageable affordability pressure for the area’s tenant base, helping retention and lease stability.
Renter-occupied housing accounts for roughly two-fifths of neighborhood units, indicating a meaningful renter concentration and depth of demand for multifamily product. Neighborhood occupancy is near long-term norms with modest recent softening; investors should underwrite to steady operations with attention to turnover management.
Demographic statistics aggregated within a 3‑mile radius show recent population growth with additional expansion in households projected over the next five years, pointing to a larger tenant base and ongoing renter pool expansion. High household incomes relative to national figures, combined with elevated ownership costs, create conditions that support occupancy stability and lease retention for well-managed assets. Based on CRE market data from WDSuite, the average neighborhood construction year skews late‑1970s; with a 1973 vintage, this asset may present targeted renovation or systems upgrades to enhance competitiveness against newer stock.
Safety metrics signal a mixed but improving picture. Within the San Jose–Sunnyvale–Santa Clara metro, the neighborhood’s crime rank sits near the middle of 344 neighborhoods, indicating typical metro-level exposure for an urban location. Nationally, violent offense rates track around average, while property offense levels are higher than national norms; both categories have declined over the past year, according to WDSuite, which is a constructive trend to monitor.
For investors, this suggests standard urban risk management—lighting, access control, and community engagement—can help support resident retention, with recent year-over-year improvement offering a directional positive if the trend persists.
Proximity to major technology corporate offices underpins demand from knowledge-economy renters and supports leasing stability for workforce and professional households. The employers below represent nearby anchors within a short commute.
- Hewlett Packard Enterprise — technology corporate offices (1.17 miles) — HQ
- HP — technology corporate offices (1.17 miles) — HQ
- HP Building 3 — technology corporate offices (1.27 miles)
- Tesla — technology corporate offices (1.68 miles) — HQ
- Alphabet — technology corporate offices (2.45 miles) — HQ
574 Arastradero Rd offers scale in a supply‑constrained Palo Alto location where high ownership costs and top‑tier schools underpin steady multifamily demand. According to CRE market data from WDSuite, the surrounding neighborhood ranks in the top quartile locally with strong amenities and high-income demographics, supporting occupancy stability and disciplined rent growth strategies. The property’s 1973 vintage suggests a clear value‑add path via unit and system upgrades to enhance positioning versus late‑1970s and newer competitive stock.
Near-term underwriting should account for typical urban property-crime exposure and recent metro‑level occupancy softening, balanced by deep employer proximity and a growing 3‑mile household base that supports leasing velocity. Execution focus on targeted renovations, resident experience, and renewal management can help translate location fundamentals into durable net operating performance.
- Top‑quartile Palo Alto neighborhood with strong schools and amenity access supports durable renter demand
- High ownership costs reinforce reliance on rentals, aiding pricing power and lease retention
- 1973 vintage provides value‑add and modernization potential to compete with newer stock
- Proximity to major tech employers supports leasing depth among professional households
- Risk: property‑crime exposure and modest occupancy softening warrant active operations and security planning