| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 76th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Acalanes Dr, Sunnyvale, CA, 94086, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1975 |
| Units | 82 |
| Transaction Date | 1997-04-16 |
| Transaction Price | $7,800,000 |
| Buyer | SFC WOODACRE INVESTORS LP |
| Seller | ANDERSON SALLY D |
150 Acalanes Dr Sunnyvale Multifamily Investment Opportunity
Neighborhood-level data points to a deep renter base and durable demand drivers, according to WDSuite’s CRE market data, with renter-occupied housing concentrations supporting leasing stability in this Urban Core pocket of Sunnyvale.
Located in Sunnyvale’s Urban Core within the San Jose–Sunnyvale–Santa Clara metro, the neighborhood ranks 41 out of 344 metro neighborhoods, indicating it is competitive among metro peers. Housing and amenity measures land in the top quartile nationally, signaling day-to-day livability that supports tenant retention.
Access to essentials is a strength: grocery and pharmacy availability sit well above national norms (national percentiles in the high 80s), and parks are similarly strong (mid-90s percentile). Childcare density is a standout (upper-90s percentile), which can help stabilize demand for smaller units and family-oriented renters alike. Dining options are plentiful (high-80s percentile for restaurants), though cafe density is thinner; overall convenience should still support leasing velocity.
On the rental side, neighborhood-level rents trend high for the region, and the rent-to-income ratio indicates relatively manageable affordability pressure locally, suggesting room for disciplined pricing while monitoring renewal risk. Elevated home values (top percentile nationally) reflect a high-cost ownership market, which reinforces reliance on multifamily rentals and can deepen the tenant pool.
Tenure patterns matter for investors: the neighborhood shows a high share of renter-occupied housing units, supporting a broad tenant base and ongoing demand for multifamily. The average construction year in the area skews newer than this asset; with a 1975 vintage, investors should plan for targeted capital projects and consider value-add upgrades to maintain competitive positioning against late-1980s and newer stock.
Demographics within a 3-mile radius show modest population growth recently, with forecasts indicating additional population gains and a notable increase in total households alongside a smaller average household size. For multifamily, that points to a larger tenant base over time and supports occupancy stability and absorption of smaller-format units.
Neighborhood safety indicators are below national medians, with crime measures placing the area in lower national percentiles for both property and violent offenses. Within the San Jose–Sunnyvale–Santa Clara metro, the neighborhood’s crime rank sits in the lower tier (ranked 259 out of 344), indicating comparatively higher incident levels than many metro peers.
Trend-wise, estimated property offense rates have declined over the past year, which is a constructive signal. Investors should underwrite to neighborhood-level conditions—focusing on lighting, access controls, and on-site management—to support retention and mitigate risk while monitoring metro and local trends over time.
Proximity to major technology and aerospace employers underpins workforce housing demand and commute convenience, including Symantec, Apple, Comcast, and Lockheed Martin.
- Symantec Corporation — cybersecurity (0.93 miles)
- Symantec — cybersecurity (0.96 miles) — HQ
- Apple - Benecia 02 — consumer tech office (1.19 miles)
- Comcast Silicon Valley — telecommunications (1.81 miles)
- Lockheed Martin Space Systems — aerospace & defense (2.48 miles)
With 82 units and a 1975 vintage, this Sunnyvale asset offers scale in a high-cost ownership market where elevated home values bolster renter reliance on multifamily. Neighborhood-level metrics point to strong amenity access and a deep renter base, while occupancy trends sit near metro averages; according to CRE market data from WDSuite, these dynamics support steady leasing fundamentals when paired with attentive asset management.
Given that nearby stock skews newer on average, a targeted value-add plan—systems, interiors, and curb appeal—can improve competitive positioning and help capture demand from a well-paid workforce. Forward-looking demographics within a 3-mile radius indicate population growth and a rising household count with smaller household sizes, expanding the tenant base for professionally managed, well-located apartments.
- High-cost ownership landscape sustains renter demand and supports pricing discipline
- Amenity-rich Urban Core location aids retention and leasing velocity
- 1975 vintage presents value-add potential versus newer competitive stock
- 3-mile demographics point to more households and a larger tenant base
- Risk: neighborhood safety is below metro averages—plan for security and operational controls