| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 63rd | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 330 N Mathilda Ave, Sunnyvale, CA, 94085, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1977 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
330 N Mathilda Ave Sunnyvale Multifamily Investment
This 120-unit property built in 1977 sits in a neighborhood ranking in the top quartile nationally for net operating income per unit, with 97% occupancy and strong tech employment nearby.
This Urban Core neighborhood ranks 103rd among 344 metro neighborhoods, earning a B+ rating with strong fundamentals for multifamily investment. The area demonstrates solid occupancy at 97%, ranking in the 84th percentile nationally, while median contract rents of $2,727 place it in the 98th percentile compared to neighborhoods nationwide. The neighborhood's net operating income per unit averages $12,572, ranking in the 90th percentile nationally.
Demographics within a 3-mile radius show 160,487 residents with a median household income of $177,820, substantially above national averages. The area maintains 58.4% renter-occupied housing units, supporting consistent rental demand. Population growth of 2.8% over five years indicates stable tenant pool expansion, with forecasts projecting continued household growth of 32.6% through 2028, reinforcing long-term rental demand.
The property's 1977 construction year aligns with the neighborhood average, suggesting potential value-add opportunities through strategic renovations and unit improvements. High home values with a median of $1,805,508 reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing. The area offers strong amenity density with 11.18 grocery stores per square mile (99th percentile nationally) and robust childcare access, supporting tenant retention and appeal.
The neighborhood demonstrates moderate safety metrics compared to the broader San Jose-Sunnyvale-Santa Clara metro area. Property offense rates of 222.3 per 100,000 residents rank 62nd among 344 metro neighborhoods, placing it near the metro median. Violent crime rates show improvement with a 34.6% decline year-over-year, indicating positive trending in neighborhood security conditions.
While crime metrics place the area in the middle range among metro neighborhoods, the strong employment base and high household incomes contribute to overall neighborhood stability. Investors should monitor local crime trends as part of routine market analysis, particularly given the competitive rental market dynamics in this high-value area.
The neighborhood benefits from proximity to major technology employers that provide substantial workforce housing demand, with several Fortune 500 companies and headquarters within a short commute.
- Apple — technology offices (0.9 miles)
- Comcast Silicon Valley — telecommunications (1.4 miles)
- Symantec — cybersecurity (1.6 miles) — HQ
- Lockheed Martin Space Systems — defense & aerospace (2.1 miles)
- NetApp — enterprise storage (2.2 miles) — HQ
This 120-unit property presents a compelling value-add opportunity in one of Silicon Valley's most stable rental markets. According to CRE market data from WDSuite, the neighborhood's 97% occupancy rate and $12,572 average NOI per unit place it in the top performance tier nationally. The 1977 construction vintage offers renovation upside potential while benefiting from proximity to major tech employers including Apple, Symantec headquarters, and NetApp headquarters within 2.5 miles.
Strong demographic fundamentals support long-term investment performance, with household growth projected at 32.6% through 2028 and median incomes of $177,820 sustaining rental demand. High home values exceeding $1.8 million reinforce renter reliance on multifamily housing, while the neighborhood's Urban Core designation and exceptional amenity density enhance tenant retention prospects.
- Top-tier occupancy performance at 97% with strong NOI metrics
- Value-add potential through strategic renovations of 1977-vintage units
- Proximity to major tech employers supporting workforce housing demand
- Strong household growth projections through 2028
- Risk consideration: High rent-to-income ratios may limit pricing power