| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 83rd | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 120 E Remington Dr, Sunnyvale, CA, 94087, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1972 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
120 E Remington Dr, Sunnyvale Multifamily Investment
Positioned in a top-tier Silicon Valley neighborhood with deep renter demand and proximity to major employers, the asset benefits from a strong local income base and high-cost ownership dynamics. Neighborhood fundamentals and rent levels, according to WDSuite’s CRE market data, point to durable leasing potential with selective value-add upside.
Neighborhood performance and renter demand
The property sits in Sunnyvale’s Urban Core, rated A+ and ranked 10 out of 344 metro neighborhoods—firmly top decile locally and top quartile nationally for overall performance. Amenity access is a standout: restaurants, groceries, parks, pharmacies, cafes, and childcare all benchmark in high national percentiles, supporting resident convenience and day-to-day livability for multifamily renters.
Neighborhood schools average roughly 4.0 out of 5 (top quartile nationally), which can aid retention for households prioritizing education. Median contract rents in the neighborhood are among the higher tiers nationally, but a strong income base helps support pricing. Home values are also elevated relative to incomes, indicating a high-cost ownership market that tends to sustain reliance on multifamily rentals—an investor-positive signal for depth of tenant demand and lease stability.
On the operations side, neighborhood occupancy is below national averages and sits in the lower tier of the metro’s distribution; however, the renter-occupied share is high, indicating a deep tenant base. For investors, this combination points to competitive positioning—renters are plentiful, but leasing strategy and unit-level differentiation matter to capture and retain demand.
Within a 3-mile radius, demographic data show modest population growth historically and a meaningful increase in households ahead, alongside very high incomes and continued rent growth. These trends translate into a larger renter pool and support for occupancy stability, particularly for well-maintained or upgraded product, based on CRE market data from WDSuite.
Safety context
Relative to the San Jose–Sunnyvale–Santa Clara metro, the neighborhood’s crime rank indicates it is safer than many areas (above the metro median among 344 neighborhoods). Nationally, safety benchmarks land below the median (lower national percentiles), so investor expectations should be set to mixed: comparatively favorable within the metro, but not a top performer by national standards.
Recent trends are nuanced: property offense estimates show slight year-over-year improvement, while violent offense estimates increased over the same period. For multifamily operations, this suggests standard risk management and lighting/security enhancements can be prudent, particularly for common areas and parking, without altering the broader investment thesis.
Proximity to major technology employers underpins renter demand and commute convenience, with a concentration of roles in consumer tech, cybersecurity, semiconductor equipment, and communications that support a deep, high-income tenant base.
- Apple — technology (1.8 miles) — HQ
- Apple - Tantau 14 — technology offices (2.3 miles)
- Symantec — cybersecurity (3.0 miles) — HQ
- Applied Materials — semiconductor equipment (3.1 miles) — HQ
- Comcast Silicon Valley — communications (3.2 miles)
120 E Remington Dr is a 1972-vintage, 108-unit asset in an A+ Sunnyvale neighborhood where amenity density, high household incomes, and elevated ownership costs reinforce multifamily demand. Neighborhood occupancy trends are softer than national averages, but the renter-occupied share is high, indicating a sizable tenant pool; thoughtful renovations and effective leasing should translate that demand into stable occupancy. According to CRE market data from WDSuite, neighborhood operating benchmarks and rent levels remain competitive relative to metro peers, supporting a defensible long-term hold with targeted value-add.
Within a 3-mile radius, demographics point to modest population growth historically and a notable increase in households ahead, which expands the renter pool. High incomes help support rent levels and moderate affordability pressure, while the 1972 vintage suggests potential to create value through focused interior updates, common-area improvements, and system modernizations to compete against newer stock.
- A+ neighborhood (top decile among 344 metro areas) with strong amenities and schools supporting retention
- Deep renter base and high-cost ownership market reinforce multifamily demand and pricing power
- Proximity to major tech employers sustains a high-income tenant pool and leasing velocity
- 1972 vintage offers value-add potential through targeted renovations and modernization
- Risk: neighborhood occupancy trails national averages—execution on leasing and differentiation is important