| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 83rd | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1230 Sunnyvale Saratoga Rd, Sunnyvale, CA, 94087, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1980 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1230 Sunnyvale Saratoga Rd Multifamily Investment
This 44-unit property offers exposure to Silicon Valley's high-income rental market, with neighborhood-level occupancy at 87.7% and median household incomes exceeding $177,000 according to CRE market data from WDSuite.
The property sits within a top-tier Silicon Valley neighborhood ranking 10th among 344 metro neighborhoods, earning an A+ rating. With median household incomes of $177,934 and 64.7% of housing units occupied by renters, the area demonstrates strong fundamentals for multifamily demand. Demographics within a 3-mile radius show 56.6% of housing units are renter-occupied, supporting sustained rental demand in this high-cost market.
Built in 1980, this property requires consideration of capital expenditure needs typical of older vintage assets, though the neighborhood's average construction year of 1975 indicates alignment with local building stock. The area ranks in the 96th percentile nationally for net operating income per unit at $16,326, reflecting strong rental pricing power supported by elevated home values exceeding $1.6 million median.
Neighborhood occupancy at 87.7% trails metro performance, though this reflects broader Silicon Valley dynamics rather than fundamental weakness. The area offers exceptional amenity density, ranking in the 95th percentile nationally with strong access to childcare, restaurants, and grocery stores. Median contract rents of $2,846 with modest 5-year growth of 32% indicate stable pricing dynamics in this established market.
Population growth within the 3-mile radius shows steady expansion with household formation supporting multifamily demand. Forecast data indicates continued household growth of 31.9% through 2028, with renter-occupied units projected to increase substantially, expanding the tenant base for area properties.
The neighborhood presents mixed safety metrics that warrant consideration in investment analysis. Property crime rates rank 145th among 344 metro neighborhoods, placing performance in the lower half locally while maintaining the 31st percentile nationally. Violent crime rates rank 238th metro-wide at the 22nd percentile nationally, indicating elevated levels compared to broader regional and national benchmarks.
Recent trends show property crime declining modestly by 0.1% year-over-year, though violent crime increased 23.2% over the same period. These metrics suggest ongoing attention to security measures and tenant screening may be prudent operational considerations for multifamily investors in this submarket.
The property benefits from proximity to major Silicon Valley technology employers, providing workforce housing for high-income professionals within commuting distance of leading corporate campuses.
- Apple — technology headquarters (1.5 miles) — HQ
- Apple — technology offices (1.5 miles)
- Apple - Tantau 14 — technology offices (2.1 miles)
- Apple - Stevens Creek 8 — technology offices (2.6 miles)
- Symantec Corporation — cybersecurity offices (3.2 miles)
This 44-unit property offers exposure to Silicon Valley's affluent rental market, with neighborhood median household incomes of $177,934 supporting premium rental rates. The 1980 construction vintage presents value-add renovation opportunities while benefiting from established neighborhood infrastructure. Multifamily property research indicates strong fundamentals with 64.7% of area housing units renter-occupied and elevated home values exceeding $1.6 million reinforcing rental demand among high-income professionals.
Demographic projections within the 3-mile radius show household growth of 31.9% through 2028, expanding the renter pool substantially. The neighborhood's A+ rating and top-10 metro ranking reflect exceptional amenity access and proximity to major technology employers including Apple's headquarters. While current neighborhood occupancy at 87.7% requires active management, the area's high-income profile and limited ownership accessibility support long-term rental demand stability.
- Prime Silicon Valley location with median household incomes exceeding $177,000
- Value-add potential from 1980 vintage with renovation upside opportunities
- Strong renter demand supported by elevated home values limiting ownership accessibility
- Proximity to Apple headquarters and major technology employers within 3 miles
- Risk consideration: Neighborhood occupancy at 87.7% requires active leasing management