| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 80th | Best |
| Amenities | 70th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1180 Reed Ave, Sunnyvale, CA, 94086, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1972 |
| Units | 69 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1180 Reed Ave Sunnyvale Multifamily with Value-Add Upside
Neighborhood occupancy and renter demand remain resilient, according to WDSuite’s CRE market data, pointing to stable leasing dynamics in an Urban Core location near major Silicon Valley employers.
Sunnyvale’s Urban Core setting delivers daily-life convenience that supports renter retention. The neighborhood rates competitively within the San Jose–Sunnyvale–Santa Clara metro, ranking 38th of 344 neighborhoods (top quartile among metro peers). Amenities skew strong relative to national norms, with dining, cafes, groceries, and parks landing in the upper national percentiles, though pharmacy options are comparatively limited.
For investors, demand signals are constructive. The neighborhood 7s occupancy is above the national median, and its share of renter-occupied housing units is high (top quartile in the metro and strong nationally), indicating a deep tenant base for multifamily. Median contract rents in the neighborhood benchmark toward the high end nationally, consistent with the area 7s income profile; the rent-to-income relationship indicates manageable affordability pressure that can aid retention and reduce turnover risk.
Demographic indicators aggregated within a 3-mile radius show recent population and household growth, with projections pointing to additional household gains and smaller average household sizes. That combination typically expands the renter pool and supports occupancy stability. Elevated home values relative to income levels make ownership a high-cost path in this submarket, which tends to sustain reliance on rental housing and underpins pricing power for well-located assets.
Vintage context matters for competitive positioning. Neighborhood construction skews newer on average, while the subject A0property A0(1972) is older than the local norm. That typically implies capital planning needs alongside potential value-add or renovation upside to align finishes and systems with modern renter expectations and compete effectively against younger stock.
Safety metrics for the neighborhood sit around the metro average among 344 San Jose–Sunnyvale–Santa Clara neighborhoods, and below the national median for safety. Recent trend data is constructive: both violent and property offense rates have moved lower year over year, improving faster than many neighborhoods nationwide. Investors should underwrite to mixed-but-improving conditions and consider property-level security, lighting, and access controls as part of standard risk management.
Proximity to major technology and manufacturing employers anchors the local renter base and shortens commutes, supporting leasing velocity and retention for workforce and professional tenants. Notable nearby employers include Applied Materials, Intel, Amazon, and Nvidia.
- Applied Materials D corporate offices (1.3 miles) — HQ
- Intel D corporate offices (1.4 miles)
- Amazon D corporate offices (1.6 miles)
- Nvidia D corporate offices (1.8 miles) — HQ
- Intel D corporate offices (2.4 miles) — HQ
1180 Reed Ave is a mid-size multifamily asset (69 units) positioned in an amenity-rich Urban Core neighborhood where renter-occupied housing is prevalent and neighborhood occupancy trends are above national norms. Elevated home values and strong local incomes reinforce reliance on rental housing, supporting depth of demand and pricing power for competitive product. Based on CRE market data from WDSuite, the neighborhood ranks in the top quartile locally with strong NOI performance benchmarks and a solid amenity profile.
Built in 1972, the property is older than the neighborhood average vintage, which points to value-add and modernization opportunities along with routine capital planning. Nearby blue-chip employers expand the professional renter pool, while 3-mile demographics indicate further household growth, a larger tenant base, and support for occupancy stability over the medium term.
- Urban Core location with top-quartile neighborhood standing among 344 metro peers
- High renter-occupied share and above-national-median neighborhood occupancy support leasing stability
- Strong employment anchors nearby deepen the professional renter pool and aid retention
- 1972 vintage offers renovation and repositioning upside relative to newer competitive stock
- Risks: mixed-but-improving safety metrics, limited pharmacy access, and capex needs to meet Class B/C-to-B standards