| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Poor |
| Demographics | 81st | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 845 Ramona St, Palo Alto, CA, 94301, US |
| Region / Metro | Palo Alto |
| Year of Construction | 2005 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
845 Ramona St Palo Alto Multifamily Investment
Positioned in Palo Alto’s urban core with high-income households and elevated home values that sustain rental demand, according to WDSuite’s CRE market data. Newer construction relative to the neighborhood supports competitive leasing and retention.
Located in Palo Alto’s Urban Core, the property benefits from a high-amenity setting with dense parks and everyday conveniences. Neighborhood amenities score in the top quartile nationally, highlighted by strong access to childcare and parks, which supports daily livability for renters and reduces friction for leasing.
Schools in the neighborhood average around 4.0 out of five and fall in the top quartile nationwide, a family-friendly dynamic that can underpin longer stays and lower turnover. Cafes and restaurants per square mile are also high versus national benchmarks, further reinforcing walkable lifestyle appeal that many renters prioritize.
The property’s 2005 vintage is newer than the neighborhood’s average construction year (ranked 144 among 344 metro neighborhoods), indicating relative competitiveness versus older stock. Investors should still anticipate selective modernization over a hold period to keep finishes and systems current, but near-term capital needs may be more predictable than for 1970s-era product.
Within a 3-mile radius, renter-occupied housing represents roughly half of units, supporting a deep tenant base for multifamily assets. Median household incomes are high by national standards and rent-to-income readings suggest manageable affordability pressure, which can support retention and disciplined rent growth management. Elevated ownership costs in the neighborhood (top national percentiles for home values) typically reinforce reliance on multifamily housing rather than competing away demand.
Safety indicators for the neighborhood are mixed and should be contextualized against the broader San Jose–Sunnyvale–Santa Clara metro. Overall crime ranks 235 among 344 metro neighborhoods, which is below the metro median, while national comparisons place the area below average for safety. Violent offense rates sit closer to the national midpoint, with a recent year-over-year decline, whereas property offenses are comparatively higher and have ticked up modestly.
For investors, this suggests standard operating focus on access control, lighting, and package management can be material to resident experience and retention. Monitoring submarket trends and coordinating with professional security vendors where appropriate can help maintain stability as the surrounding area evolves.
Proximity to major technology headquarters supports a large professional renter base and commute convenience for residents. Nearby employment anchors include HP, Hewlett Packard Enterprise, Facebook, Tesla, and Alphabet, which collectively help stabilize leasing and renewal pipelines.
- HP — technology (2.0 miles) — HQ
- Hewlett Packard Enterprise — technology (2.0 miles) — HQ
- Facebook — technology (2.8 miles) — HQ
- Tesla — technology (3.3 miles) — HQ
- Alphabet — technology (4.3 miles) — HQ
845 Ramona St offers 2005-vintage construction in a high-income, high-amenity Palo Alto location where elevated home values tend to sustain multifamily demand. Compared with older neighborhood stock, the asset’s vintage supports competitive positioning and predictable capital planning, while the local renter base is underpinned by proximity to major technology employers and strong schools.
Based on commercial real estate analysis from WDSuite, neighborhood fundamentals show strong household incomes, walkable amenities, and nationally high ownership costs that reinforce renter reliance on multifamily housing. Demographic data aggregated within a 3-mile radius points to a sizable professional tenant pool and a forecast increase in households by 2028, which can support occupancy stability and measured rent growth over a hold period. Key risks include softer neighborhood occupancy trends and comparatively higher property-crime readings, warranting active asset management.
- 2005 vintage offers competitive positioning versus older neighborhood stock with manageable near-term capex
- High-income households and elevated home values support rental demand and pricing power
- Walkable amenities and strong school ratings aid retention and leasing velocity
- 3-mile radius data indicates a deep professional renter pool and growing household counts supporting occupancy
- Risk: below-metro-median safety and softer neighborhood occupancy call for proactive security and leasing strategy