| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Poor |
| Demographics | 36th | Poor |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 711 South St, Hollister, CA, 95023, US |
| Region / Metro | Hollister |
| Year of Construction | 1974 |
| Units | 41 |
| Transaction Date | 2022-02-16 |
| Transaction Price | $7,045,000 |
| Buyer | HOLLISTER APARTMENTS LLC |
| Seller | JOHN B HOWARD 1992 TRUST |
711 South St Hollister Value-Add Multifamily Opportunity
Neighborhood renter-occupied share is comparatively high and home values trend elevated, supporting steady tenancy according to WDSuite s CRE market data. Occupancy in the area is near national midrange, suggesting stable operations with room for asset-level improvement.
Situated in Hollister within the San Jose Sunnyvale Santa Clara metro, the neighborhood shows a mix of strengths and constraints relevant to multifamily operations. Parks are a clear highlight, with park access in the top percentile nationally, offering quality open-space adjacency for residents. By contrast, everyday retail like groceries, pharmacies, and cafes is sparse locally, so residents typically rely on short drives for essentials.
Rents in the neighborhood benchmark above many areas nationwide, while the rent-to-income ratio sits near the national middle, indicating manageable affordability pressure and supporting lease retention. The neighborhood s renter-occupied share is high by national comparison, pointing to a deep tenant base and durable demand for multifamily units.
School ratings in the neighborhood track below national averages, which may influence family renter preferences and unit-mix strategy. Overall neighborhood ranking is toward the lower end among 344 metro neighborhoods, while parks are a notable outlier for quality-of-life appeal.
Within a 3-mile radius, demographics show recent population and household growth, with projections indicating further increases in households over the next five years. This trajectory implies a larger renter pool and supports occupancy stability, even as household sizes gradually trend smaller.
Comparable neighborhood crime statistics are not available in WDSuite for this location. Investors typically benchmark safety using citywide and county-level trends over time, alongside property-level security measures and resident feedback, to gauge relative positioning versus nearby San Benito County communities.
The broader labor pool is anchored by Silicon Valley employers within commuting range, supporting workforce housing demand and lease retention for residents working at IBM Silicon Valley Lab, Netflix, eBay, and Adobe Systems.
- IBM Silicon Valley Lab technology & engineering (30.4 miles)
- Netflix streaming & media (41.7 miles) HQ
- Ebay ecommerce marketplace (42.0 miles) HQ
- Adobe Systems software (42.8 miles)
Built in 1974 with 41 units, the property s vintage suggests straightforward capital planning and potential value-add through unit upgrades and common-area modernization. The neighborhood s high renter concentration, elevated home values by national comparison, and parks access support consistent renter demand, while amenity-light retail nearby places a premium on on-site conveniences. According to CRE market data from WDSuite, area occupancy trends sit near national midrange, indicating a stable baseline with scope for asset-level performance gains.
Within a 3-mile radius, recent population and household growth with additional gains projected points to a larger tenant base over time, supporting lease-up and renewal prospects. School ratings and limited walkable retail are considerations for targeting, but proximity to major Silicon Valley employment centers within driving distance broadens demand beyond purely local employers.
- 1974 vintage positions the asset for targeted renovations and value-add upside
- High renter-occupied share and elevated ownership costs reinforce multifamily demand
- Occupancy near national midrange offers stable operations with improvement potential
- Growing 3-mile population and households support a widening tenant base
- Risks: limited nearby retail/schools below national averages; commuter distances to major employers