| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Poor |
| Demographics | 81st | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 941 Webster St, Palo Alto, CA, 94301, US |
| Region / Metro | Palo Alto |
| Year of Construction | 1978 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
941 Webster St Palo Alto Multifamily Investment
This 56-unit property built in 1978 sits in an A- rated neighborhood with 96th percentile median rents and strong occupancy fundamentals. According to CRE market data from WDSuite, the area ranks in the top quartile nationally for amenities while maintaining competitive rental dynamics.
The Webster Street property operates within a high-performing urban core neighborhood that ranks 56th among 344 neighborhoods in the San Jose-Sunnyvale-Santa Clara metro. With an A- neighborhood rating and 78th national percentile for amenities, the area offers strong tenant appeal through dense restaurant and childcare access. Median contract rents of $2,401 place the neighborhood at the 96th national percentile, while occupancy rates of 82.7% reflect typical urban core dynamics with moderate vacancy pressures.
Built in 1978, the property aligns with the neighborhood's average construction vintage, suggesting potential value-add opportunities through strategic renovations and unit upgrades. The 39.6% rental share among housing units supports sustained multifamily demand, ranking in the 79th national percentile for renter concentration. Within the 3-mile radius, demographics show a median household income of $175,611 with 49.5% renter-occupied units, indicating a stable tenant base for workforce housing.
Home values averaging nearly $2 million create strong barriers to ownership transition, reinforcing rental demand among the area's high-income workforce. The rent-to-income ratio of 0.13 suggests manageable affordability for target demographics, supporting lease retention and renewal stability. Schools average 4.0 out of 5 stars, ranking in the 84th national percentile and enhancing family tenant appeal in this competitive Silicon Valley submarket.
The neighborhood's safety profile presents mixed indicators that warrant investor attention. Property crime rates of 2,229 incidents per 100,000 residents rank 272nd among 344 metro neighborhoods, placing it in the lower third locally while the 9th national percentile indicates elevated property crime compared to neighborhoods nationwide. Violent crime remains more moderate at 56 incidents per 100,000 residents, ranking 138th metro-wide and 41st percentile nationally.
Recent trends show property crime increasing 2.5% year-over-year while violent crime declined 3.0%, suggesting mixed directional momentum. Investors should factor these safety metrics into tenant retention strategies and consider security enhancements as part of any value-add initiatives, particularly given the neighborhood's otherwise strong amenity profile and rental fundamentals.
The property benefits from proximity to major Silicon Valley technology headquarters and corporate offices, providing strong workforce housing demand from high-income professionals within commuting distance.
- Hewlett Packard Enterprise — technology services (2.2 miles) — HQ
- HP — technology hardware (2.2 miles) — HQ
- Facebook — social media technology (2.5 miles) — HQ
- Tesla — electric vehicles (3.6 miles) — HQ
- Robert Half International — staffing services (3.8 miles) — HQ
This 56-unit Palo Alto asset offers investors exposure to one of the nation's strongest rental markets, with neighborhood-level median rents at the 96th national percentile and a substantial high-income renter base. The 1978 vintage presents value-add opportunities through unit renovations and common area improvements, while the A- neighborhood rating and proximity to major technology employers support long-term tenant demand stability.
Demographic projections within the 3-mile radius show continued household growth and income expansion, with the forecast indicating a 33.6% increase in total households by 2028. Commercial real estate analysis from WDSuite confirms the area's resilience, with elevated home values near $2 million reinforcing rental demand among the technology workforce. The 39.6% rental share provides a deep tenant pool, while strong school ratings and amenity density support family retention in this competitive Silicon Valley submarket.
- Median rents at 96th national percentile with high-income tenant base
- Value-add potential through 1978 vintage property improvements
- Proximity to major technology headquarters within 4 miles
- 33.6% forecast household growth supporting demand expansion
- Risk consideration: Property crime rates above metro median require security planning