| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 41st | Poor |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 108 E Park St, Hollister, CA, 95023, US |
| Region / Metro | Hollister |
| Year of Construction | 2011 |
| Units | 72 |
| Transaction Date | 2000-09-25 |
| Transaction Price | $750,000 |
| Buyer | SOUTH COUNTY HOUSING CORP |
| Seller | ROBERTS JANET P |
108 E Park St, Hollister CA Multifamily Investment
Neighborhood occupancy sits at the top of the San Jose–Sunnyvale–Santa Clara metro, supporting stable renter demand; according to WDSuite’s CRE market data, elevated ownership costs in Hollister further sustain reliance on multifamily housing.
This suburban Hollister location offers everyday convenience with grocery and pharmacy access competitive among San Jose–Sunnyvale–Santa Clara neighborhoods, while park and cafe density is limited. Average school ratings in the area are on the lower side (around 1.5 out of 5), an important consideration for family-oriented leasing strategies.
Neighborhood occupancy ranks highest among 344 metro neighborhoods, indicating tight conditions that can support pricing discipline and retention. The share of housing units that are renter-occupied is roughly three in ten, suggesting an owner-leaning area where multifamily assets draw from a defined but stable tenant base rather than transient demand.
Within a 3-mile radius, population has grown and households have expanded meaningfully over the past five years, with projections calling for further population growth and a modest decrease in average household size by 2028. These trends typically translate into a larger tenant base and reinforce occupancy stability even as product competes with single-family options.
Home values in the neighborhood sit in a high-cost ownership market (well above national norms), which tends to reinforce renter reliance on apartments and support lease retention. Rent-to-income indicators point to manageable affordability pressure locally, a positive for collections and renewals. Based on WDSuite’s commercial real estate analysis, the combination of tight occupancy and strong household incomes supports a durable demand profile despite thinner lifestyle amenities.
Constructed in 2011, the property is newer than the neighborhood’s 1980s-average housing stock, positioning it competitively versus older inventory. Investors should still plan for typical mid-life system updates and selective modernization to sustain renter appeal.
Comparable crime data for this neighborhood is not available in WDSuite at this time. Investors often contextualize safety by reviewing city and county trend reports and touring at different times of day, then benchmarking perceptions against nearby San Jose–Sunnyvale–Santa Clara submarkets.
Given the absence of a metro rank or national percentile, treat safety as a diligence item rather than a modeled strength or weakness, and incorporate it into underwriting through insurance quotes, security line items, and resident feedback.
Proximity to major Bay Area technology employers supports commuter-driven renter demand and lease stability, with access to IBM, Netflix, eBay, and Adobe within a broader drive shed.
- IBM Silicon Valley Lab — enterprise technology (31.0 miles)
- Netflix — streaming/media (42.4 miles) — HQ
- Ebay — ecommerce (42.7 miles) — HQ
- Adobe Systems — software (43.4 miles)
108 E Park St is a 72-unit, 2011-vintage asset in Hollister that benefits from neighborhood occupancy at the highest level in the metro and a high-cost ownership environment. The newer vintage relative to the 1980s neighborhood average provides competitive positioning versus older stock, with room for targeted updates to sustain performance.
Within a 3-mile radius, population growth and a notable increase in households expand the renter pool, while smaller projected household sizes point to continued demand for multifamily product. Elevated home values support renter retention and pricing power, and, according to CRE market data from WDSuite, local rent-to-income signals indicate manageable affordability pressure that can underpin collections. Key risks include limited park/cafe amenities, lower average school ratings, and an owner-leaning housing mix that may require focused marketing to capture qualified renters.
- Metro-leading neighborhood occupancy supports rent and retention
- 2011 vintage offers competitive edge versus older local stock
- High-cost ownership market reinforces multifamily reliance and pricing power
- 3-mile population and household growth expand the tenant base
- Risks: limited lifestyle amenities, lower school ratings, and owner-leaning area