| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 83rd | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 936 Azure St, Sunnyvale, CA, 94087, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1974 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
936 Azure St Sunnyvale Multifamily Near Major Employers
Strong renter demand and top-tier neighborhood amenities support leasing durability, according to WDSuite’s CRE market data, with local ownership costs that tend to keep residents in multifamily housing.
Sunnyvale’s A+–rated neighborhood (ranked 10th of 344 in the San Jose–Sunnyvale–Santa Clara metro) offers investors a deep amenities base and steady renter demand drivers. Dining density sits in the top quartile nationally, and access to groceries, parks, pharmacies, childcare, and cafes also scores in the 90th-percentile range nationwide, supporting day-to-day convenience and lease retention.
Schools average roughly 4.0 out of 5, placing the area above many metro peers and reinforcing family-oriented appeal for workforce tenants. Median contract rents in the neighborhood are elevated compared with national norms, while the renter-occupied share is high (ranked 36th of 344), indicating a sizable pool of households in multifamily and a broader base for absorption and renewals.
Within a 3-mile radius, population has grown modestly in recent years and is projected to continue expanding, with households increasing and average household size trending lower. This combination typically adds more households into the market and can expand the renter pool, supporting occupancy stability for well-located assets.
Home values are among the highest nationally, and value-to-income ratios sit well above U.S. averages. In practice, this high-cost ownership market sustains reliance on rental housing and can bolster pricing power for quality multifamily product, while the neighborhood’s rent-to-income profile suggests manageable affordability pressure relative to local incomes for professionally managed assets.
Safety indicators for the neighborhood trend below national averages, with violent and property offenses sitting in lower national percentiles. Compared with the San Jose–Sunnyvale–Santa Clara metro (344 neighborhoods), the area is not among the most challenged locations but does not rank in the metro’s top safety cohort either.
Recent data show a slight year‑over‑year improvement in estimated property offenses, while violent offense rates have moved higher. Investors typically address this with routine security measures, lighting and access controls, and resident engagement policies to support retention without over-relying on concessions.
Proximity to large technology employers underpins a deep professional tenant base and short commute times, which can support leasing velocity and retention for workforce and professional renters. Key nearby employers include Apple, Symantec, and Applied Materials.
- Apple — technology (2.0 miles) — HQ
- Apple - Tantau 14 — technology offices (2.46 miles)
- Apple - Benecia 02 — technology offices (2.48 miles)
- Symantec — cybersecurity (2.87 miles) — HQ
- Applied Materials — semiconductors (3.09 miles) — HQ
The property benefits from a high-amenity, job-rich Sunnyvale location where renter-occupied housing is prevalent and homeownership costs are elevated. Neighborhood NOI per unit ranks among the top groups metro-wide, and, based on commercial real estate analysis from WDSuite, the area’s amenity density and school quality support durable leasing fundamentals. While neighborhood occupancy runs below national medians, the large renter base and strong local incomes help sustain demand for well-managed product.
Forward-looking demographics within a 3-mile radius point to modest population growth and a notable increase in households alongside smaller household sizes, which can expand the renter pool and support occupancy stability. Investors should plan for competitive positioning and operational execution to capture pricing while monitoring safety trends and localized supply dynamics.
- High-amenity, job-proximate location supports absorption and renewals
- Elevated ownership costs in the neighborhood reinforce rental demand and pricing power
- Strong neighborhood NOI per unit performance relative to metro peers
- Growing household counts within 3 miles expand the prospective renter base
- Risk: Neighborhood safety sits below national averages; incorporate security and leasing policy planning