| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 85th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 604 S Fair Oaks Ave, Sunnyvale, CA, 94086, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 2006 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
604 S Fair Oaks Ave Sunnyvale Multifamily Investment
Positioned in an Urban Core pocket with a high renter-occupied share and elevated ownership costs, this asset benefits from durable renter demand and steady neighborhood occupancy, according to WDSuite’s CRE market data. Neighborhood metrics reflect strong amenities and incomes that support leasing stability rather than volatility.
Located in Sunnyvale within the San Jose–Sunnyvale–Santa Clara metro, the neighborhood is competitive among San Jose–Sunnyvale–Santa Clara neighborhoods (ranked 21 of 344; rating A). Amenities skew toward daily needs and dining depth, with grocery access in the 94th percentile nationally and restaurant density in the 97th percentile. Average school ratings are above national norms (84th percentile), which can support tenant retention for family-oriented renters.
The neighborhood’s renter-occupied share is high (ranked 22 of 344; 97th percentile nationally), indicating a deep base of multifamily demand. Neighborhood occupancy is stable at the area level, helping underpin income consistency for professionally managed assets; note this refers to neighborhood conditions, not the property itself.
Within a 3-mile radius, household counts have increased over the past five years and are projected to continue rising, while average household size trends lower. This combination typically enlarges the tenant base and supports absorption. High median household incomes alongside a rent-to-income ratio near 22% suggest manageable affordability pressure that can aid renewal rates and reduce turnover risk.
Ownership remains a high-cost option here (home values rank in the 99th percentile nationally and the value-to-income ratio is elevated), which tends to sustain reliance on multifamily rentals and supports pricing power for well-located, professionally operated communities.
Relative to neighborhoods nationwide, local safety metrics sit below average (around the 30th percentile). Within the San Jose–Sunnyvale–Santa Clara metro, the area ranks 260 out of 344 neighborhoods, indicating conditions that are below the metro median.
Recent data show year-over-year increases in both property and violent offense rates at the neighborhood level. Investors commonly address this through measures such as lighting, access control, and coordination with local safety initiatives to support resident satisfaction and risk management. These observations reflect neighborhood-level trends, not property-specific incidents.
Proximity to large technology employers supports a substantial commuter tenant base and helps stabilize leasing, particularly for workforce professionals. Nearby anchors include Apple, Applied Materials, Comcast Silicon Valley, Intel, and Symantec.
- Apple — technology (2.46 miles) — HQ
- Applied Materials — semiconductors (2.54 miles) — HQ
- Comcast Silicon Valley — communications & media (2.70 miles)
- Intel — semiconductors (2.70 miles)
- Symantec — cybersecurity (2.76 miles) — HQ
Built in 2006, this 23‑unit property is newer than the neighborhood’s average vintage (1992), offering relative competitiveness versus older stock and potential for targeted modernization rather than heavy near-term capital programs. Neighborhood occupancy trends are stable and the renter-occupied share is high, supporting depth of demand and income resilience. Elevated home values in the area reinforce reliance on multifamily housing, while rent-to-income levels near 22% point to manageable retention dynamics, based on CRE market data from WDSuite.
Within a 3-mile radius, population and household growth—alongside smaller average household sizes—signal an expanding renter pool that can support lease-up and renewal performance. The location’s amenity access and proximity to major tech employment cores bolster fundamentals; key risks include below-metro-average safety metrics and sensitivity to sector employment cycles that may influence leasing velocity and concessions during downturns.
- Newer 2006 vintage relative to area stock, enabling competitive positioning with selective upgrades
- High renter-occupied share and stable neighborhood occupancy support income durability
- Elevated ownership costs sustain renter demand and pricing power for well-operated assets
- Expanding 3-mile renter base and strong employer proximity underpin leasing
- Risk: below-metro-average safety and tech-cycle exposure may affect concessions and velocity