| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 80th | Best |
| Amenities | 70th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 825 E Evelyn Ave, Sunnyvale, CA, 94086, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1988 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
825 E Evelyn Ave Sunnyvale Multifamily Opportunity
Majority renter-occupied housing and resilient neighborhood occupancy point to durable tenant demand, according to WDSuite’s CRE market data.
Situated in Sunnyvale’s Urban Core, the neighborhood scores an A with strong livability and investor fundamentals. Amenity access is competitive among San Jose–Sunnyvale–Santa Clara neighborhoods (ranked 101 out of 344), with restaurants and groceries concentrated nearby, supporting leasing appeal for working professionals.
The area shows a majority renter-occupied share at the neighborhood level, indicating depth in the tenant base and consistent demand for multifamily units. Neighborhood occupancy is in the upper national range and near the metro median, supporting ongoing renewal potential rather than heavy lease-up risk. High median household incomes and elevated home values in the neighborhood (both in the top national percentiles) suggest a high-cost ownership market that tends to reinforce reliance on rental housing and can support pricing power, subject to lease management.
Within a 3-mile radius, demographics point to a larger tenant base ahead: population growth has been positive, households have increased and are projected to expand further over the next five years, and household sizes are trending smaller. These dynamics generally broaden the renter pool and can support occupancy stability for well-positioned assets.
From an operating perspective, neighborhood-level NOI per unit ranks competitively (top-quartile nationally), while median contract rents are also high versus national benchmarks. For investors, this combination highlights potential for durable revenue in a market where ownership costs are elevated, provided product positioning and capital plans are aligned with renter preferences.
Safety outcomes for the neighborhood sit around the metro median (ranked 173 out of 344), and compare below the national median for safety. However, recent trends are directionally favorable: both violent and property offense rates have declined year over year, indicating improving conditions at the neighborhood level.
As always, investors should assess submarket and street-level variation with current data and integrate security measures and resident communication into asset plans, particularly when performance is near the regional midpoint but national comparisons are weaker.
Proximity to major Silicon Valley employers supports weekday demand, commute convenience, and resident retention. Nearby anchors include Applied Materials, Intel, Amazon, Comcast, and Nvidia.
- Applied Materials — semiconductors (2.0 miles)
- Intel — semiconductors (2.2 miles)
- Amazon — e-commerce & cloud (2.3 miles)
- Comcast Silicon Valley — telecommunications (2.6 miles)
- Nvidia — AI & semiconductors (2.7 miles) — HQ
825 E Evelyn Ave combines a majority-renter neighborhood, resilient occupancy near the metro median, and proximity to marquee employers—factors that typically underpin demand durability and renewal momentum. High incomes and a high-cost ownership environment at the neighborhood level support renter reliance on multifamily housing, while neighborhood NOI per unit ranks in the top quartile nationally. Built in 1988, the asset is slightly older than the neighborhood average vintage, which can create value-add potential through targeted renovations and system updates balanced against capital planning.
According to CRE market data from WDSuite, the neighborhood exhibits strong amenity access and high median contract rents by national standards, while household growth within a 3-mile radius points to a broader tenant base ahead. These dynamics favor stabilized operations for well-managed assets, with underwriting attention to rent-to-income balance and ongoing competitive positioning.
- Majority renter-occupied neighborhood and resilient occupancy support consistent leasing
- High incomes and elevated ownership costs bolster rental demand and pricing power
- 1988 vintage offers value-add upside with targeted renovations and modernization
- Risks: safety metrics below national median and tech-cycle exposure; mitigate via resident experience, capex planning, and conservative underwriting