| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Good |
| Demographics | 77th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3941 Stevens Creek Blvd, Santa Clara, CA, 95051, US |
| Region / Metro | Santa Clara |
| Year of Construction | 1996 |
| Units | 59 |
| Transaction Date | 2022-02-03 |
| Transaction Price | $5,075,000 |
| Buyer | CRP THE MERIDIAN LP |
| Seller | MB EXCLUSIVELY PROPERTIES LLC |
3941 Stevens Creek Blvd Santa Clara Multifamily Investment
1996-vintage asset in an Urban Core setting where neighborhood occupancy trends are above national medians and ownership costs are elevated, supporting renter reliance according to WDSuite s CRE market data.
Rated A- and ranked 53 out of 344 within the San Jose Sunnyvale Santa Clara metro, the neighborhood sits in the top quartile among metro peers. For investors, that positioning reflects durable fundamentals and a broad renter base relative to many submarkets across the region.
Livability is supported by strong daily-needs access grocery and pharmacy density track in the 85th 90th national percentiles while dining options are also well represented. Caf coverage is thinner locally, but overall amenity access is competitive among metro neighborhoods. Elevated median household incomes (98th percentile nationally) and a rent-to-income profile that trends more manageable than many coastal nodes suggest room for sustained lease retention and disciplined pricing power.
Within a 3-mile radius, demographic statistics indicate modest population growth and a larger household base than five years ago, with projections pointing to further household increases through 2028. A renter-occupied share that sits slightly above half of housing units signals meaningful depth in the tenant pool, which typically supports occupancy stability and leasing velocity for well-managed multifamily assets.
Construction in the neighborhood skews older than this property (average 1977 vs. asset built 1996). The 1996 vintage can be competitively positioned against older stock, while investors should still plan for mid-life system updates or selective renovations to support rentability and retention.
Home values sit at the very high end nationally, a high-cost ownership backdrop that tends to reinforce reliance on multifamily housing and can aid tenant retention, particularly for professionally managed communities offering quality finishes and convenient access to jobs and services.
Safety signals are mixed when benchmarked nationally: overall crime levels align around the lower third of neighborhoods nationwide, indicating a need for routine property-level security practices and resident communication. Against regional peers, the neighborhood tracks below the metro average for safety among 344 San Jose Sunnyvale Santa Clara neighborhoods.
Recent trend data show property offenses improving year over year, while violent offense measures have moved higher. Investors should underwrite standard risk management lighting, access controls, and coordination with local resources to support resident experience and retention over the hold.
Proximity to major tech employers including multiple Apple campuses and eBay supports a deep, high-wage renter base and short commutes, which can benefit leasing and retention.
- Apple Stevens Creek 8 corporate offices (1.78 miles)
- Apple Tantau 14 corporate offices (1.96 miles)
- Ebay corporate offices (3.16 miles) HQ
- Apple corporate offices (3.30 miles)
- Apple corporate offices (3.31 miles) HQ
This 59-unit, 1996-vintage property sits in a top-quartile neighborhood within the San Jose Sunnyvale Santa Clara metro, with amenity access and employment proximity that support renter demand. Elevated home values and high incomes underpin a market where many households rely on rentals, and neighborhood occupancy trends remain solid by national standards based on CRE market data from WDSuite.
The vintage is newer than the neighborhood average, creating a competitive edge versus older stock while leaving room for targeted capital to modernize interiors and systems. Nearby Apple campuses and other tech employers drive a deep, high-wage renter pool, which can bolster lease-up and retention through cycles when paired with disciplined operations.
- Top-quartile neighborhood within the metro with strong amenity access and job proximity
- High-cost ownership market supports sustained renter reliance and pricing power
- 1996 vintage offers competitive positioning versus older stock with value-add potential
- Large nearby tech employment base supports tenant demand and retention
- Risks: below-metro-average safety signals and exposure to tech employment cyclicality