| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 83rd | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 E Remington Dr, Sunnyvale, CA, 94087, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1973 |
| Units | 114 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 E Remington Dr Sunnyvale Multifamily Investment
Neighborhood-level fundamentals point to durable renter demand supported by a high renter concentration and strong incomes, according to CRE market data from WDSuite. Metrics cited reflect neighborhood conditions, not this specific property.
Situated in Sunnyvale s Urban Core, the neighborhood rates A+ and is competitive among San Jose Sunnyvale Santa Clara neighborhoods (10th of 344). High amenity access stands out with restaurants, groceries, parks, pharmacies, and childcare density in the top quartile nationally which supports day-to-day convenience and renter retention.
Schools in the neighborhood average roughly 4.0 out of 5 and are competitive among 344 metro neighborhoods, aligning with family-oriented rental demand. Neighborhood demographics (aggregated within a 3-mile radius) show a large professional base and high median incomes, which underpin the ability to support market rents while giving operators room to focus on quality and service rather than deep concessions.
Renter-occupied housing accounts for a substantial share of neighborhood units (top-tier nationally), indicating depth in the tenant base and consistent leasing activity for multifamily. Home values are elevated relative to incomes, a high-cost ownership context that tends to sustain reliance on rental housing and can support pricing power when managed with attention to renewal outcomes.
Demographic trends within 3 miles point to modest population growth recently with a projected increase over the next five years and a notable rise in household counts alongside smaller average household sizes. For investors, that combination typically expands the renter pool and supports occupancy stability over a longer horizon.
This asset s 1973 vintage is slightly older than the neighborhood s average construction year (mid-1970s). That typically implies planning for system upgrades or common-area modernization, with corresponding value-add potential to compete effectively against newer supply.
Safety indicators for the neighborhood are mixed compared with national benchmarks. Overall crime and property-offense rates track below national percentiles, suggesting more incidents than the U.S. average, while the most recent year shows a slight improvement in property-related incidents and an uptick in violent-offense rates. These figures describe neighborhood conditions rather than the property and can vary by block; investors often incorporate enhanced access control and lighting to support resident retention and leasing.
Within the San Jose Sunnyvale Santa Clara metro (344 neighborhoods), the area s safety position is not among the top performers; operators should monitor trends and adjust onsite practices accordingly as part of standard risk management.
Proximity to major technology employers supports a large, high-income renter base and convenient commutes for residents. The following nearby offices are key demand drivers referenced by local operators.
- Apple consumer electronics (1.8 miles) HQ
- Apple corporate offices (1.8 miles)
- Apple Tantau 14 corporate offices (2.3 miles)
- Symantec cybersecurity (3.1 miles) HQ
- Applied Materials semiconductor equipment (3.2 miles) HQ
150 E Remington Dr is a 114-unit multifamily asset built in 1973 in an A+ rated Sunnyvale neighborhood. The submarket combines a high renter concentration with elevated ownership costs, reinforcing reliance on rental housing and supporting pricing power when supported by service quality. Neighborhood-level NOI per unit trends rank among the stronger cohorts nationally, and, according to CRE market data from WDSuite, amenity access and household incomes are both well above national medians factors that typically aid leasing and renewals.
Demographics aggregated within a 3-mile radius indicate modest recent population growth with a meaningful increase in household counts and a projected expansion of the renter pool. Given the property s early-1970s vintage, investors should underwrite near- to medium-term capital plans for systems, interiors, and common areas to remain competitive against newer supply. Neighborhood occupancy has run below the national median in recent readings, so disciplined lease management and product differentiation will be important to sustain performance.
- High-income, renter-heavy neighborhood supports deep tenant demand and renewal potential.
- Elevated ownership costs sustain rental reliance and can bolster pricing power.
- Amenity-rich Urban Core location with schools competitive among metro neighborhoods.
- 1973 vintage offers value-add and modernization opportunities to sharpen competitive positioning.
- Risk: Neighborhood safety metrics trail national averages and occupancy has been softer; active operations and targeted upgrades are key.