| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 83rd | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1055 Manet Dr, Sunnyvale, CA, 94087, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1977 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1055 Manet Dr Sunnyvale Multifamily Investment
Positioned in a high-income Silicon Valley neighborhood with deep renter demand and proximity to major employers, the asset benefits from durable leasing fundamentals according to WDSuite’s CRE market data. Elevated ownership costs in Sunnyvale support renter reliance on multifamily housing.
Sunnyvale’s Manet Drive area scores strongly on livability and daily convenience. Neighborhood amenities rank 6th among 344 metro neighborhoods (top quartile nationally), with dense access to restaurants, groceries, parks, pharmacies, and childcare — factors that can support retention and sustained renter interest. Average school ratings benchmark in the top quartile locally, appealing to family renters seeking quality education options without sacrificing commute times.
Rents in the neighborhood are elevated relative to most U.S. areas, and median home values are high for the region. In investment terms, this high-cost ownership market often sustains multifamily demand and pricing power, while the neighborhood’s renter-occupied share (approximately two-thirds of housing units) indicates a large tenant base. Neighborhood occupancy is modest versus the metro, suggesting leasing requires active management and product positioning.
Within a 3-mile radius, demographics show a stable-to-growing tenant base: population has edged higher, households have increased, and projections indicate further household growth with smaller average household sizes. These trends point to ongoing renter pool expansion and support for occupancy stability. Based on multifamily property research from WDSuite, the area’s income profile is materially above national norms, reinforcing capacity to absorb market rents when units are well maintained and competitively finished.
Construction vintage in this neighborhood averages mid-1970s. With this property built in 1977, investors should underwrite routine capital planning and targeted renovations to keep finishes and building systems competitive versus newer product, unlocking value-add potential where appropriate.
Safety metrics for the neighborhood are mixed and currently track below national averages. Using neighborhood ranks among 344 San Jose–Sunnyvale–Santa Clara neighborhoods and national percentiles, overall crime sits below the metro median and in lower national percentiles, indicating comparatively higher reported incidents than many U.S. neighborhoods. Property offense rates are in lower national percentiles but have eased slightly year over year, while violent offense measures are also in lower national percentiles with a recent uptick. Investors should frame this in the context of an urban core location and emphasize site-level lighting, access control, and resident engagement when planning operations.
Proximity to major technology employers underpins demand from highly paid renters seeking commute convenience. Nearby anchors include Apple, Applied Materials, Symantec, and Intel — a diversified base that helps support leasing and retention.
- Apple — technology HQ (1.8 miles) — HQ
- Apple - Tantau 14 — technology offices (2.2 miles)
- Applied Materials — semiconductor equipment (3.1 miles) — HQ
- Symantec — cybersecurity (3.2 miles) — HQ
- Intel — semiconductors (3.2 miles)
1055 Manet Dr is an 88-unit, mid-1970s vintage community in a high-income Sunnyvale neighborhood where elevated home values and a large share of renter-occupied housing units support steady multifamily demand. The property s 1977 construction suggests clear value-add potential via unit modernization and building systems updates to compete with newer supply. According to CRE market data from WDSuite, neighborhood rents are among the higher tiers nationally, and incomes in the surrounding 3-mile radius are strong, which can support rent levels when product is well positioned.
Neighborhood occupancy trends are modest relative to the metro, implying that leasing performance hinges on active asset management, competitive finishes, and service quality. Proximity to major tech employers expands the potential renter pool and can aid retention. Safety indicators are weaker than national averages, so operational focus on security, lighting, and access control should be part of the plan.
- High-cost ownership market supports multifamily demand and pricing power
- Large renter-occupied share and growing 3-mile household base support leasing
- 1977 vintage offers value-add opportunity through interior and systems upgrades
- Near major Silicon Valley employers, broadening the qualified tenant pool
- Risks: below-metro occupancy and weaker safety metrics require proactive operations