| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 86th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 102 S Sunnyvale Ave, Sunnyvale, CA, 94086, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 2013 |
| Units | 89 |
| Transaction Date | 2014-05-14 |
| Transaction Price | $83,000,000 |
| Buyer | --- |
| Seller | --- |
102 S Sunnyvale Ave Sunnyvale Multifamily Investment
Neighborhood renter demand is supported by strong incomes and proximity to major tech employers, while occupancy in the neighborhood sits around the national mid-range, according to WDSuite’s CRE market data. This asset’s 2013 vintage offers competitive positioning versus older local stock.
Sunnyvale’s urban core scores highly for daily conveniences and lifestyle amenities, placing in the top quartile nationally for overall amenity access. Restaurant and cafe density rank competitively among San Jose–Sunnyvale–Santa Clara neighborhoods (e.g., restaurants rank 9th out of 344, cafes 59th out of 344), reinforcing walkable, amenity-rich appeal for renters. Average school ratings near 4.0/5 also sit in a strong national percentile, adding family-friendly depth to the tenant base.
The area’s renter concentration is elevated at the neighborhood level (renter-occupied share ranks 18th of 344), indicating a deep pool of multifamily demand and meaningful leasing throughput. Neighborhood occupancy is around 92% and ranks 267th of 344, suggesting stability but with some room for leasing optimization relative to metro leaders. Median contract rents are high for the neighborhood, which is consistent with the Silicon Valley location and sustained professional employment.
Within a 3-mile radius, population and households have expanded over the past five years, and households are projected to grow further by 2028, pointing to a larger tenant base over time. The income profile is notably strong in this radius, which supports pricing power and reduces near-term affordability pressure for professionally managed units. Elevated single-family home values in the neighborhood context further sustain reliance on multifamily housing, aiding lease retention.
Construction in the immediate neighborhood skews older on average (mid-1980s), so a 2013 property stands out as newer supply. For investors, that typically translates into competitive positioning versus older stock and potentially lower near-term capital expenditures, while still allowing for targeted modernization to drive rent premiums.
Safety indicators for the neighborhood are mixed when benchmarked against the metro and nation. The neighborhood’s crime rank is 275th out of 344 within the San Jose–Sunnyvale–Santa Clara metro, which is below the metro average. Nationally, safety sits below the median, with property and violent offense measures in lower national percentiles compared with neighborhoods across the country.
Recent year-over-year indicators show an uptick in reported property and violent offenses for the neighborhood. Investors typically account for this by emphasizing lighting, access control, and resident engagement, and by underwriting to modestly higher operating costs for security where appropriate.
The location is surrounded by large technology employers that support steady renter demand and short commute times for a professional workforce. Nearby anchors include Apple, Comcast, Symantec, Applied Materials, and NetApp.
- Apple - Benecia 02 — technology offices (1.5 miles)
- Comcast Silicon Valley — communications & media offices (1.9 miles)
- Symantec — cybersecurity (2.0 miles) — HQ
- Applied Materials — semiconductor equipment offices (2.6 miles)
- Netapp — data storage (2.6 miles) — HQ
Built in 2013 with 89 units averaging roughly 836 square feet, the property competes well against the neighborhood’s older 1980s-era stock. High neighborhood home values and a strong local income profile support sustained multifamily reliance, while the immediate area’s elevated renter-occupied share signals depth in the tenant pool. According to CRE market data from WDSuite, the neighborhood’s occupancy trends sit around the national mid-range, which points to stable demand with room for operational upside via leasing and renewal strategies.
Proximity to major technology employers underpins consistent leasing velocity, and 3-mile projections indicate ongoing household growth that can broaden the renter base. While neighborhood safety benchmarks trail metro leaders, professional management practices and targeted capital planning can mitigate operating risk. The 2013 vintage reduces near-term CapEx needs relative to older assets, with optional modernization and amenity upgrades available to capture incremental rent.
- 2013 vintage offers competitive positioning versus older neighborhood stock
- Elevated renter concentration and strong incomes support demand depth and pricing power
- Major nearby tech employers reinforce leasing stability and retention
- Neighborhood occupancy near national mid-range provides room for leasing optimization
- Risk: safety metrics lag metro leaders; underwrite to enhanced security and operating controls