| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 80th | Best |
| Amenities | 70th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 946 Tamarack Ln, Sunnyvale, CA, 94086, US |
| Region / Metro | Sunnyvale |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 1994-08-03 |
| Transaction Price | $597,500 |
| Buyer | ASM2 SUNNYVALE PROPERTIES LLC |
| Seller | FONGSONG LIFE FOUNDATION AND LSF LLC |
946 Tamarack Ln Sunnyvale Multifamily Opportunity
Neighborhood occupancy trends in the mid-90s and a deep renter base point to durable income potential, according to WDSuite’s CRE market data. These signals reflect area dynamics rather than the property itself, offering investors context for stability and leasing performance.
Situated in Sunnyvale’s Urban Core, the property benefits from a neighborhood rated A and performing in the top quartile among 344 metro neighborhoods. Local rents and incomes are high relative to national norms, and neighborhood occupancy sits above national medians even if it is closer to the middle of the pack within the San Jose–Sunnyvale–Santa Clara metro, based on WDSuite’s data.
Amenity access is a strength: restaurant and grocery density rank in the top quartile nationally, supporting day-to-day convenience and lease retention. Cafes and childcare options are also above national medians. School ratings are not available in this data cut; investors should underwrite education preferences qualitatively if they influence unit mix or marketing.
Tenure patterns indicate a sizable renter-occupied share in the neighborhood, reinforcing depth of demand for multifamily units and providing a broader tenant pipeline for renewals and backfill. In a 3-mile radius, household counts have increased in recent years and are projected to grow further, indicating a larger tenant base ahead and supporting occupancy stability.
Ownership costs in the area are elevated versus national benchmarks, which generally sustains reliance on multifamily rentals and can support pricing power. At the same time, rent-to-income ratios remain manageable locally, a combination that can aid lease retention while allowing measured rent growth where value is demonstrated.
Safety indicators for the neighborhood track around the metro median among 344 neighborhoods and below the national median for safety. Recent trend data show estimated violent and property offense rates declining year over year, suggesting improvement momentum, but current levels still warrant proactive security posture and resident communication.
Investors should underwrite to neighborhood-level trends rather than block-specific assumptions, monitor ongoing changes, and align on-site measures and insurance considerations with observed patterns.
Proximity to major technology employers supports a large, well-compensated renter pool and convenient commutes, strengthening leasing fundamentals for workforce and professional households. Key nearby employers include Apple, Applied Materials, Intel, Nvidia, and Amazon.
- Apple - Tantau 14 — technology offices (1.8 miles)
- Applied Materials — semiconductors (1.9 miles) — HQ
- Intel — semiconductors (1.9 miles)
- Nvidia — semiconductors (2.2 miles) — HQ
- Amazon — technology offices (2.3 miles)
Built in 1972, this 24-unit asset is older than the neighborhood’s average vintage, creating potential value-add and modernization angles while requiring deliberate capital planning. The surrounding Sunnyvale neighborhood shows top-quartile overall performance within the metro, high household incomes, and strong amenity access, all supportive of multifamily demand and rent durability.
Neighborhood occupancy remains solid by national standards, the renter-occupied share is sizable, and 3-mile demographics point to continued renter pool expansion—factors that can aid renewal rates and lease-up velocity. Based on commercial real estate analysis from WDSuite, elevated home values in the area tend to reinforce reliance on rental housing, while manageable rent-to-income levels support retention when paired with clear unit-level value.
- Top-quartile neighborhood performance in the metro with strong amenity access and high-income households
- Solid neighborhood occupancy and a deep renter-occupied base support demand and renewals
- 1972 vintage offers value-add and modernization potential with targeted capex
- Elevated ownership costs bolster multifamily reliance and measured pricing power
- Key risks: below-national-median safety indicators and older systems requiring ongoing capital planning