| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 80th | Best |
| Amenities | 70th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1059 Reed Ave, Sunnyvale, CA, 94086, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1974 |
| Units | 95 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1059 Reed Ave Sunnyvale Multifamily Investment
Neighborhood fundamentals point to durable renter demand and above-metro income support, according to WDSuite’s CRE market data. Expect steady occupancy from a deep renter base in Sunnyvale’s Urban Core, with pricing power tempered by competitive Class B/C supply.
Sunnyvale’s Urban Core location around 1059 Reed Ave carries an A neighborhood rating and ranks 38 out of 344 metro neighborhoods — top quartile in the San Jose–Sunnyvale–Santa Clara region. For investors, that positioning signals resilient demand drivers and competitive leasing performance relative to the metro.
Local amenities are a strength: neighborhood measures for restaurants and grocery options are high relative to national peers, while parks and cafes provide additional lifestyle support. Pharmacy access is thinner within the immediate neighborhood, which may modestly affect everyday convenience, but broader retail nodes are accessible within short drives. These dynamics help sustain renter appeal and retention.
The area skews renter-friendly: WDSuite indicates the neighborhood’s share of renter-occupied housing units is elevated versus national norms, pointing to a deep tenant base and consistent leasing velocity for multifamily assets. Within a 3-mile radius, households have grown and average household size has trended lower, expanding the pool of prospective renters and supporting occupancy stability over time.
Ownership costs are among the highest nationally, and neighborhood rents benchmark near the top of national ranges. In this context, elevated home values tend to reinforce reliance on multifamily housing, while rent-to-income levels tracked by WDSuite suggest many households still have capacity to support market rents — an underpinning for renewal rates and revenue management in a high-cost Bay Area market.
Safety indicators for the neighborhood sit around the metro median and below the national median for safety, based on WDSuite’s comparative ranks and percentiles. Recent data shows year-over-year improvement in both property and violent offense rates, which is a constructive trend for long-term risk management, though investors should continue to underwrite with conservative assumptions and monitor local conditions.
The immediate area draws from a large tech employment base that supports strong weekday populations and commute convenience for renters. Notable nearby employers include Applied Materials, Amazon, Nvidia, Apple, and Intel.
- Applied Materials — corporate offices (1.5 miles) — HQ
- Amazon — corporate offices (1.8 miles)
- Nvidia — corporate offices (2.0 miles) — HQ
- Apple - Tantau 14 — corporate offices (2.5 miles)
- Intel — corporate offices (2.5 miles) — HQ
This 95-unit asset built in 1974 sits in a top-quartile Sunnyvale neighborhood where high household incomes, elevated home values, and proximity to major employers underpin deep renter demand. The submarket’s renter-occupied housing share and steady neighborhood occupancy point to a broad tenant base and durable leasing, while amenity access supports retention and day-to-day livability.
Vintage positions the property for a value-add program: 1970s construction typically trails the neighborhood’s newer average stock, creating opportunities to modernize interiors, address building systems, and enhance common areas. According to CRE market data from WDSuite, neighborhood rents benchmark near the top nationally but are supported by strong incomes and a rent-to-income profile that aids renewal capture. Key underwriting considerations include ongoing capital planning, monitoring safety trends that sit below national medians but are improving, and managing rent positioning against competitive supply.
- Top-quartile Sunnyvale location with strong incomes and employer proximity supports durable renter demand
- Renter-occupied housing concentration and stable neighborhood occupancy bolster leasing consistency
- 1974 vintage offers clear value-add and system upgrade potential relative to newer neighborhood stock
- High-cost ownership market reinforces reliance on multifamily; rent-to-income trends support retention
- Risks: aging building capex, safety levels below national median (improving), and competition from well-renovated assets