| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 80th | Best |
| Amenities | 70th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1245 Lakeside Dr, Sunnyvale, CA, 94085, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1998 |
| Units | 63 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1245 Lakeside Dr Sunnyvale Multifamily Investment
Neighborhood occupancy around 95% points to durable income potential and steady leasing, according to WDSuite’s CRE market data.
Situated in Sunnyvale’s Urban Core, the neighborhood ranks 38th of 344 metro neighborhoods (above the metro median and competitive within San Jose–Sunnyvale–Santa Clara). Amenity access is strong by national standards, with restaurants and groceries in the top decile nationally, supporting renter convenience and retention.
The housing stock skews renter-occupied (about 60% renter-occupied units at the neighborhood level), indicating a deep tenant base for multifamily assets and potential stability through turnover cycles. Neighborhood occupancy is 94.8%, a touch lower than five years ago, but still supportive of cash flow consistency and pricing discipline.
Home values are elevated locally, which tends to reinforce reliance on multifamily housing and supports rent levels relative to incomes. Rent-to-income levels around the neighborhood indicate manageable affordability pressure, an important consideration for lease management and retention.
Within a 3-mile radius, populations and households have grown in recent years, and households are projected to rise further by 2028. This points to a larger tenant base and ongoing renter pool expansion, which can support occupancy stability and measured rent growth over time based on CRE market data from WDSuite.
Safety indicators are mixed relative to national benchmarks. The neighborhood sits near the middle of the pack within the metro (173rd of 344), while national percentiles suggest lower comparative safety. However, recent trends show improvement, with estimated violent and property offenses declining year over year, which can support perception and leasing over time.
Investors should underwrite normal operating practices for an urban core location and consider measures that enhance resident confidence (lighting, access control), aligning with the area’s gradual improvement trajectory.
Proximity to major tech employers supports a robust renter pipeline, with commute-friendly access that can aid leasing velocity and retention. The employers below represent nearby demand anchors relevant for workforce housing in this submarket.
- Amazon — e-commerce & cloud (1.01 miles)
- Applied Materials — semiconductor equipment (1.08 miles) — HQ
- Intel — semiconductors (1.65 miles) — HQ
- Nvidia — semiconductors & AI (1.87 miles) — HQ
- NetApp — data storage (1.99 miles) — HQ
1245 Lakeside Dr is a 63-unit, 1998-vintage asset in an Urban Core neighborhood that performs above the metro median on key housing and amenity measures. The vintage is slightly newer than the local average, suggesting competitive positioning versus older stock while leaving room for targeted modernization of interiors and building systems to drive value-add returns. Neighborhood occupancy around 95% and a renter-occupied share near 60% indicate depth of demand and potential income stability.
High local home values tend to sustain rental demand, while 3-mile demographics show recent growth in households with further increases projected, expanding the tenant base. According to commercial real estate analysis from WDSuite, elevated incomes and strong amenity access support rent performance, though underwriting should acknowledge modest occupancy softening over five years and typical urban safety considerations.
- 1998 vintage offers value-add potential through selective modernization while maintaining competitive positioning
- Neighborhood occupancy near 95% and sizable renter concentration support income stability
- High local home values and strong amenity access reinforce sustained multifamily demand
- 3-mile household growth and projections point to a growing tenant base
- Risks: modest five-year occupancy softening, urban safety considerations, and exposure to tech cycle dynamics