| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Good |
| Demographics | 73rd | Good |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1601 Tenaka Pl, Sunnyvale, CA, 94087, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 2006 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1601 Tenaka Pl Sunnyvale Multifamily Near Apple
Neighborhood occupancy is around 95% with a renter-occupied share near half of housing units, supporting durable demand according to WDSuite’s CRE market data.
Located in Sunnyvale’s Urban Core, the property benefits from a deep employment base and a renter-occupied share of roughly half of neighborhood housing units, which supports multifamily demand and leasing stability. Elevated home values in the area indicate a high-cost ownership market that tends to sustain reliance on rentals, aiding tenant retention and pricing power in well-maintained assets.
The 2006 construction is newer than the neighborhood’s average vintage, which skews to the early 1970s. For investors, the relative youth of this asset can be a competitive advantage versus older local stock, while still planning for mid-life system updates or targeted modernization to capture renewals and premium rents.
Neighborhood livability signals are mixed. Average school ratings sit above national norms (top quartile nationally), a positive for family-oriented renter demand. Grocery access is competitive among San Jose–Sunnyvale–Santa Clara neighborhoods, while limited in-neighborhood café and park density suggests residents may rely on nearby districts for leisure amenities. Childcare density is notably strong, which can support retention among working households.
Rents and occupancy at the neighborhood level indicate steady fundamentals: occupancy trends are above the national median, and median contract rents are high for the region. Within a 3-mile radius, recent data show strong household incomes and modest population growth, with projections calling for continued renter pool expansion as household counts rise and average household size edges lower. These dynamics generally support occupancy stability and renewal conversions for well-positioned properties.
Safety indicators for the neighborhood track near the metro middle and below the national median for overall safety. Property crime sits around the national midpoint, while violent crime levels trend lower than the national average but not in the top safety tiers. Recent year-over-year property crime movements warrant routine monitoring and proactive asset-level measures such as lighting, access control, and resident engagement.
Investors should view these metrics as neighborhood-level context rather than property-specific conditions. Compared with other neighborhoods in the San Jose–Sunnyvale–Santa Clara metro (344 total), the area is competitive but not top-tier on safety; asset-level management and design can materially influence on-site outcomes.
The immediate area draws from flagship technology employers that underpin strong renter demand and short commutes for residents, including Apple, Applied Materials, Symantec, and Intel.
- Apple — technology (0.68 miles) — HQ
- Apple - Tantau 14 — technology offices (1.76 miles)
- Applied Materials — semiconductor equipment (4.0 miles) — HQ
- Symantec — cybersecurity (4.07 miles) — HQ
- Intel — semiconductors (4.1 miles)
This 66-unit, 2006-vintage asset sits in a high-income, high-cost ownership market where elevated home values tend to reinforce multifamily demand. Neighborhood occupancy remains solid and renter concentration near 50% suggests a deep tenant base, while the property’s younger vintage versus local stock provides a competitive edge with potential for targeted value-add upgrades. According to CRE market data from WDSuite, neighborhood rents and incomes indicate capacity for quality assets to sustain leasing velocity and renewals, though operators should stay attentive to affordability pressure at the margin.
Within a 3-mile radius, steady population growth and a projected increase in households point to a larger renter pool over the next planning period, with smaller household sizes supporting demand for professionally managed units. Proximity to major employers further supports tenant retention and occupancy stability through economic cycles.
- Newer 2006 vintage vs. older neighborhood stock — competitive positioning with selective modernization potential
- Neighborhood occupancy near the mid-90s supports stable cash flow and renewals
- High-cost ownership market and strong incomes reinforce depth of the renter pool
- 3-mile household growth and smaller household sizes align with sustained multifamily demand
- Risk: amenity and safety metrics are mixed; prudent lease management and property-level enhancements recommended