| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 53rd | Poor |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 825 Morse Ave, Sunnyvale, CA, 94085, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1983 |
| Units | 35 |
| Transaction Date | 2003-07-10 |
| Transaction Price | $2,800,000 |
| Buyer | MP MORSE COURT ASSOCIATES |
| Seller | MORSE COURT ASSOCIATES |
825 Morse Ave Sunnyvale Multifamily Investment
This 35-unit property from 1983 positions investors in a high-income Silicon Valley neighborhood with strong rental demand, supported by commercial real estate analysis showing above-average NOI performance relative to the metro area.
Located in Sunnyvale's Urban Core neighborhood, this property benefits from a mature rental market where 53.5% of housing units are renter-occupied, ranking in the 90th percentile nationally for rental share. The neighborhood demonstrates strong fundamentals with a median household income of $143,639 and contract rents averaging $2,462, positioning it competitively among the metro's 344 neighborhoods.
Built in 1983, this property aligns with the neighborhood's average construction year of 1996, suggesting potential value-add opportunities through strategic capital improvements. The area maintains a 93.8% occupancy rate, though this trails metro averages, indicating room for operational improvements through enhanced tenant retention and property positioning.
Demographics within a 3-mile radius support sustained rental demand, with 121,096 residents and a median household income of $172,832. The area's 61.2% renter share reflects Silicon Valley's cost dynamics, where median home values of $1.77 million reinforce rental demand among the substantial professional workforce. Forecasts project household growth of 36.8% through 2028, expanding the potential tenant base significantly.
Amenity access varies across categories, with strong childcare density ranking in the 96th percentile nationally and restaurant options in the 92nd percentile. However, grocery and pharmacy access ranks lower, which may influence tenant preferences and retention strategies. The neighborhood's overall B- rating reflects this mixed amenity profile alongside its strong income demographics.
Crime metrics present a mixed profile for this Sunnyvale neighborhood. Property offense rates of 355.8 per 100,000 residents rank 96th among the metro's 344 neighborhoods, placing it above the median for property crime. Violent crime rates of 89.0 per 100,000 residents rank 179th, indicating below-average performance in this category.
Recent trends show property crime increased 1.3% year-over-year while violent crime rose 29.9%, though these increases should be evaluated within broader regional context. The neighborhood's 37th percentile national ranking for overall crime suggests room for improvement compared to similar communities nationwide, which investors should factor into tenant screening, insurance considerations, and property management protocols.
The property benefits from proximity to major Silicon Valley employers, providing stable workforce housing demand within commuting distance of technology and corporate headquarters.
- Comcast Silicon Valley — telecommunications (1.1 miles)
- Apple — technology offices (1.2 miles)
- NetApp — data management technology (1.2 miles) — HQ
- Yahoo — internet services (1.6 miles) — HQ
- Lockheed Martin Space Systems — defense & aerospace (1.7 miles)
This 35-unit Sunnyvale property offers investors exposure to Silicon Valley's rental market fundamentals, anchored by high household incomes and sustained technology sector employment. The 1983 vintage presents value-add potential through strategic improvements, while the neighborhood's strong renter demographics and proximity to major employers support long-term occupancy stability. CRE market data from WDSuite indicates above-average NOI performance at $15,086 per unit, ranking in the 94th percentile nationally.
Demographic projections show household growth of 36.8% through 2028 within the 3-mile radius, expanding the potential tenant base as Silicon Valley's workforce housing needs continue. The area's elevated home values reinforce rental demand, though investors should monitor the below-metro occupancy rate of 93.8% and recent crime trend increases when developing operational strategies.
- Strong NOI performance ranking 94th percentile nationally at $15,086 per unit
- High-income tenant base with neighborhood median household income of $143,639
- Value-add opportunity through 1983 vintage property improvements
- Projected 36.8% household growth through 2028 expanding tenant pool
- Below-metro occupancy rate of 93.8% requires active management and positioning strategy