| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 83rd | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 575 E Remington Dr, Sunnyvale, CA, 94087, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1977 |
| Units | 68 |
| Transaction Date | 2013-01-15 |
| Transaction Price | $6,203,750 |
| Buyer | SV JAM LP |
| Seller | LOUKATE INC |
575 E Remington Dr Sunnyvale Multifamily Investment
Positioned in Sunnyvale with deep renter concentration and proximity to major tech employers, the asset benefits from durable renter demand and pricing power, according to WDSuite’s CRE market data. Elevated neighborhood home values further support lease retention and reliance on multifamily housing.
Sunnyvale’s A+ neighborhood rating (ranked 10th among 344 metro neighborhoods) reflects strong fundamentals for multifamily investors. Amenities are dense and walkable—cafés, groceries, restaurants, parks, and pharmacies all sit in the low-to-high 90s national percentiles—which supports renter satisfaction and day-to-day convenience. Average school ratings around 4.0/5 are above many U.S. neighborhoods, adding family appeal without relying on a single school boundary.
Renter demand is underpinned by a high share of renter-occupied housing units in the neighborhood (approximately two-thirds), indicating a large tenant base and consistent leasing velocity. Median contract rents in the neighborhood rank in the upper percentiles nationally, while rent-to-income levels suggest manageable affordability pressure for many households—helpful for retention and renewal strategies.
Within a 3-mile radius, demographic data show modest population growth alongside an increase in households and a projected expansion of the renter pool over the next five years. Household sizes are trending smaller, which typically supports demand for professionally managed apartments and sustained occupancy.
Home values are elevated relative to national norms, which tends to sustain rental demand and supports pricing resilience for well-run assets. Against national commercial real estate analysis benchmarks, the neighborhood’s strong incomes and amenities place it in the top quartile nationally for multiple categories, reinforcing long-term attractiveness for stabilized multifamily operations.
Safety indicators track below national averages, with national percentiles suggesting comparatively higher crime exposure than many U.S. neighborhoods. Within the San Jose–Sunnyvale–Santa Clara metro, the neighborhood’s crime rank is in the lower tier (ranked 252 out of 344), indicating investors should underwrite appropriate security and insurance assumptions.
Recent signals are mixed: property offenses show a slight year-over-year improvement, while violent offense estimates rose. Pragmatic measures—lighting, controlled access, and resident engagement—can help support leasing and retention alongside market-comparable operating practices.
The property sits near a dense tech employment base—Apple, Applied Materials, and Symantec—supporting a broad renter pipeline and short commutes that can aid leasing stability.
- Apple — technology (2.0 miles) — HQ
- Apple - Tantau 14 — technology offices (2.4 miles)
- Apple - Benecia 02 — technology offices (2.5 miles)
- Applied Materials — semiconductor HQ (2.9 miles) — HQ
- Symantec — cybersecurity HQ (2.9 miles) — HQ
The property’s positioning in an A+ Sunnyvale neighborhood with elevated home values and high renter concentration supports long-term multifamily demand and lease retention. Based on CRE market data from WDSuite, neighborhood occupancy, rents, and income profiles compare favorably to many U.S. areas, with amenities and schools providing additional support for retention and renewal strategies.
Proximity to anchor tech employers expands the tenant pipeline and underpins stable leasing, while projected household growth within a 3-mile radius points to a larger renter base over time. Operators should still account for neighborhood safety metrics that lag national averages and manage exposure to tech employment cycles through prudent underwriting.
- A+ neighborhood with top-quartile amenities and schools supports renter satisfaction and renewals
- High renter-occupied share indicates deep tenant base and consistent leasing velocity
- Strong employment access near Apple, Applied Materials, and Symantec broadens demand and aids retention
- Household growth within 3 miles suggests a larger renter pool and supports occupancy over time
- Risks: safety metrics below national averages and sensitivity to tech-cycle volatility warrant conservative assumptions