| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 86th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 174 Carroll St, Sunnyvale, CA, 94086, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1994 |
| Units | 121 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
174 Carroll St Sunnyvale Multifamily Investment Outlook
Neighborhood fundamentals point to durable renter demand, with a high share of renter-occupied housing and strong amenity access supporting day-to-day livability, according to WDSuite’s CRE market data. While neighborhood occupancy trends have eased modestly versus the metro, elevated ownership costs in Sunnyvale help sustain the tenant base and leasing velocity.
The property sits within an Urban Core neighborhood in Sunnyvale that ranks competitively among San Jose–Sunnyvale–Santa Clara neighborhoods (10 out of 344) for overall amenities. Restaurant density is among the strongest nationally, with cafes, childcare, parks, groceries, and pharmacies all testing in high national percentiles — a combination that tends to support resident satisfaction and lease retention.
Renter concentration is high at the neighborhood level (71.9% of housing units are renter-occupied), indicating depth in the tenant pool and consistent multifamily demand. Neighborhood contract rents benchmark near the top of national distributions, yet the local rent-to-income profile suggests room for disciplined pricing without overextending typical households — a favorable setup for income stability.
Schools in the neighborhood average roughly 4.0 out of 5 and place in the top quartile nationally, an additional quality-of-life factor for longer-term residents. Compared with the metro, the neighborhood’s housing and demographic scores trend above the median, reinforcing a balanced demand story for professionally managed apartments.
Within a 3-mile radius, demographics show recent population growth and a rising household count, with forecasts calling for further increases and smaller average household sizes. This combination points to more households — and potentially more renters — entering the market, which typically supports occupancy stability and absorption for well-located multifamily assets.
Safety indicators should be evaluated thoughtfully. Relative to neighborhoods nationwide, this area scores below the national median for safety (national percentile readings in the lower range), and within the San Jose–Sunnyvale–Santa Clara metro it ranks closer to the higher-crime end (275 out of 344). Recent data also indicate a year-over-year uptick in property offenses at the neighborhood level. Investors often account for these dynamics through security enhancements, lighting, access controls, and resident engagement to support on-site experience.
Proximity to major tech and corporate employers underpins a deep, commute-friendly renter base. Nearby nodes include Apple, Comcast, Symantec, NetApp, and Applied Materials — a mix that supports leasing durability for workforce and professional tenants.
- Apple - Benecia 02 — technology offices (1.54 miles)
- Comcast Silicon Valley — communications (2.02 miles)
- Symantec — cybersecurity (2.11 miles) — HQ
- Netapp — data storage (2.67 miles) — HQ
- Applied Materials — semiconductor equipment (2.69 miles) — HQ
Built in 1994, the asset is newer than the neighborhood’s average vintage, offering competitive positioning versus older stock while warranting targeted capital planning for aging systems and modernization. The surrounding neighborhood shows a high share of renter-occupied units and strong amenity access, both supportive of tenant retention and steady leasing. According to CRE market data from WDSuite, neighborhood rents benchmark near the top nationally while rent-to-income levels and a high-cost ownership environment in Sunnyvale help reinforce reliance on multifamily housing.
Within a 3-mile radius, population and households have grown and are projected to expand further, with smaller household sizes pointing to a larger pool of renting households over time. Combined with proximity to major employers, this demand backdrop supports long-term occupancy and pricing power for well-managed communities, even as operators remain attentive to local crime trends and cyclical leasing risk.
- 1994 construction offers relative competitiveness with selective value-add and systems upgrades
- High neighborhood renter-occupied share and strong amenities support leasing stability
- 3-mile growth and employer proximity expand the prospective tenant base
- Elevated ownership costs in Sunnyvale reinforce sustained rental demand
- Risks: below-median safety readings and modestly softer neighborhood occupancy require active management