| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 80th | Best |
| Amenities | 70th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1247 Lakeside Dr, Sunnyvale, CA, 94085, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1998 |
| Units | 69 |
| Transaction Date | 2017-12-06 |
| Transaction Price | $1,514,000 |
| Buyer | LI MUQI |
| Seller | PULTE HOMES COMPANY LLC |
1247 Lakeside Dr Sunnyvale Multifamily Investment
Positioned in a high-income Silicon Valley neighborhood with durable renter demand, the asset benefits from healthy neighborhood occupancy and proximity to major employers, according to WDSuite’s CRE market data. Strong local incomes support rent levels while providing a wider tenant base for retention and leasing stability.
Sunnyvale’s Urban Core setting delivers day-to-day convenience that supports tenant retention. Neighborhood amenities index above national norms (restaurants and groceries are particularly dense relative to most areas), while parks and cafes also score well. Pharmacy options are comparatively limited within the neighborhood footprint, so residents may rely on nearby districts for certain services.
Renter-occupied housing is prevalent at the neighborhood level, indicating a deep tenant base for multifamily. Neighborhood occupancy is healthy and has been resilient, supporting stable leasing conditions; note these figures reflect the neighborhood, not this specific property. Median contract rents in the neighborhood rank among the highest nationally, yet a favorable rent-to-income profile suggests manageable affordability pressure for many local households.
Within a 3-mile radius, demographics point to ongoing multifamily demand: population has grown in recent years and households have expanded at a faster pace, implying smaller household sizes and a larger renter pool. Forecasts indicate further household growth by 2028, reinforcing demand for well-located apartments and supporting occupancy stability.
The neighborhood ranks competitive among San Jose–Sunnyvale–Santa Clara neighborhoods (38 of 344; rating A) with strong housing and demographic scores relative to metro peers and top-quartile national percentiles across several inputs. Elevated home values characterize a high-cost ownership market, which tends to sustain reliance on multifamily rentals and can aid pricing power for well-maintained assets.
Safety indicators are mixed but improving. Compared with neighborhoods nationwide, this area sits slightly below the national median for safety (lower national percentile), yet recent year-over-year trends show double-digit declines in both property and violent offense estimates. Within the San Jose–Sunnyvale–Santa Clara metro, the neighborhood’s crime rank is mid-pack (173 of 344), suggesting conditions that are roughly around the metro median rather than an outlier.
Investors should view the improving trajectory as supportive of leasing stability while underwriting with neighborhood-level context instead of block-level assumptions. As always, pair this comparative view with property-specific security measures and management practices.
The property sits amid a concentrated tech employment base that supports workforce housing demand and short commutes. Nearby anchors include Amazon, Applied Materials, Intel, Nvidia, and NetApp—all within two miles—bolstering leasing depth and retention potential for professionals.
- Amazon — e-commerce & cloud (1.08 miles)
- Applied Materials — semiconductor equipment (1.13 miles) — HQ
- Intel — semiconductors (1.72 miles) — HQ
- Nvidia — semiconductors & AI (1.93 miles) — HQ
- NetApp — data storage (1.97 miles) — HQ
Built in 1998, this 69-unit asset offers late-1990s construction that can remain competitive against older local stock while presenting selective modernization and interior-value opportunities. Neighborhood-level fundamentals—high renter concentration, strong incomes, and healthy occupancy—support demand durability, while elevated home values in Sunnyvale reinforce reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood occupancy trends remain healthy and rents are among the highest nationally, underscoring pricing power for well-located properties.
Within a 3-mile radius, population growth and a faster increase in households point to a larger tenant base over time, which can support lease-up and retention. Proximity to major tech employers further strengthens weekday demand and minimizes commute friction, though investors should underwrite with attention to premium rent levels and neighborhood safety benchmarks even as recent crime trends improve.
- Late-1990s vintage with potential value-add through targeted upgrades
- High neighborhood renter concentration and healthy occupancy support demand stability
- Strong incomes and high-cost ownership market underpin pricing power and retention
- 3-mile area shows household growth momentum, expanding the renter pool
- Risks: premium rent environment and mid-pack safety ranking require disciplined underwriting