| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 80th | Best |
| Amenities | 70th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1249 Lakeside Dr, Sunnyvale, CA, 94085, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1998 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1249 Lakeside Dr Sunnyvale Multifamily Investment
This 43-unit property benefits from strong neighborhood fundamentals, with area occupancy above 94% and median household incomes exceeding $208,000 according to CRE market data from WDSuite.
This Sunnyvale neighborhood ranks in the top quartile among 344 metro neighborhoods for housing fundamentals, with median household incomes of $208,397 representing the 99th percentile nationally. The area maintains strong rental demand with 60.4% of housing units occupied by renters, supporting consistent tenant pools for multifamily properties.
Built in 1998, this property aligns with the neighborhood's average construction year of 1994, indicating minimal near-term capital expenditure pressures relative to older stock. The area demonstrates solid occupancy at 94.8%, though this represents a slight decline from prior years, warranting attention to lease management and retention strategies.
Demographics within a 3-mile radius show a stable renter base with 59.7% of housing units occupied by renters and projected household growth of 42.6% through 2028. Population forecasts indicate 7.3% growth over the next five years, supporting expansion of the tenant pool. The high median home value of $1.5 million reinforces rental demand by keeping households in the rental market longer.
The neighborhood offers strong amenity density with 2.33 grocery stores per square mile and 9.65 restaurants per square mile, both ranking above metro averages. These lifestyle amenities support tenant retention and property competitiveness in the local rental market.
The neighborhood's safety profile shows mixed trends that warrant consideration in investment planning. Property crime rates of 940 incidents per 100,000 residents place the area in the 24th percentile nationally, indicating higher property crime relative to most U.S. neighborhoods, though rates have declined 29.2% over the past year.
Violent crime rates of 188 incidents per 100,000 residents rank in the 21st percentile nationally, but have decreased 14.4% year-over-year. While these metrics suggest room for improvement, the downward trend in both categories may indicate stabilizing conditions that could support tenant retention and property values over time.
The property benefits from proximity to major Silicon Valley technology employers, providing stable workforce housing demand from high-income professionals in the region's core employment corridor.
- Applied Materials — semiconductor equipment manufacturing (0.9 miles)
- Amazon — technology and cloud services (1.1 miles)
- Applied Materials — semiconductor equipment manufacturing (1.2 miles) — HQ
- Intel — semiconductor technology (1.4 miles)
- Intel — semiconductor technology (1.7 miles) — HQ
This 43-unit Sunnyvale property offers access to one of California's strongest rental markets, supported by exceptional household incomes exceeding $208,000 and consistent demand from Silicon Valley's technology workforce. The 1998 construction year positions the asset for value-add opportunities while avoiding immediate major capital requirements typical of older multifamily stock.
Demographic projections within a 3-mile radius show household growth of 42.6% through 2028, with median household incomes forecast to rise 40.1% to over $240,000, according to multifamily property research from WDSuite. High ownership costs exceeding $1.5 million median home values sustain rental demand by keeping households in the multifamily market longer than in lower-cost markets.
- Strong rental fundamentals with 60.4% renter-occupied housing and 94.8% neighborhood occupancy
- Proximity to major technology employers including Applied Materials, Intel, and Amazon headquarters
- Projected 42.6% household growth and 40.1% income growth through 2028
- 1998 vintage offers value-add potential without immediate major capital requirements
- Risk consideration: Property crime rates above national averages require attention to security measures and tenant retention