| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 81st | Best |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3685 S Bascom Ave, Campbell, CA, 95008, US |
| Region / Metro | Campbell |
| Year of Construction | 1978 |
| Units | 63 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3685 S Bascom Ave Campbell Multifamily Investment
Neighborhood occupancy in the low-90s points to leasing stability and durable renter demand, according to WDSuite’s CRE market data. Elevated ownership costs in Campbell’s Urban Core further support multifamily retention potential relative to older stock nearby.
Located in Campbell’s Urban Core, the area surrounding 3685 S Bascom Ave performs above the metro median on several investor-relevant measures, with a neighborhood rating of B- and strong demographics relative to peers. Neighborhood operating performance is competitive nationally, with net operating income per unit positioned in the top quartile nationwide, based on CRE market data from WDSuite.
Daily-needs access is a clear strength: grocery availability ranks competitive among San Jose–Sunnyvale–Santa Clara neighborhoods (37 out of 344), placing the area in the top national percentiles for essentials. Dining density is also favorable versus many U.S. neighborhoods. By contrast, parks, pharmacies, cafés, and childcare are relatively limited in the immediate neighborhood, suggesting some amenity gaps investors should consider when positioning the asset.
The share of housing units that are renter-occupied in the neighborhood is roughly two-fifths, indicating a meaningful tenant base and demand depth for multifamily without being overly saturated. Neighborhood occupancy trends sit near the metro middle, which can support steady leasing while still allowing for operational upside through asset-level improvements and management.
Within a 3-mile radius, population and households have grown in recent years, and forecasts point to continued population growth and a sizable increase in households. This expansion, alongside a high-income consumer base, implies a larger tenant pool and supports occupancy stability for well-managed assets. Elevated home values locally create a high-cost ownership market, which generally sustains reliance on rental options and can aid lease retention for quality units.
The property’s 1978 vintage is older than the neighborhood’s average construction year (1985). That age profile suggests investors should plan for targeted capital expenditures and presents potential value-add opportunity through modernization, energy systems upgrades, and in-unit improvements to compete effectively with newer stock.
Safety indicators in the immediate neighborhood track below the metro average and sit below the national median, according to WDSuite’s dataset for the San Jose–Sunnyvale–Santa Clara metro. Recent readings also indicate a year-over-year uptick in reported property and violent offenses in the broader area.
Investors should underwrite with conservative assumptions for security and loss prevention, while noting that safety outcomes can vary block to block and improve with property-level measures such as access control, lighting, and resident engagement.
Proximity to major tech employers underpins renter demand and commute convenience for workforce and professional tenants. Nearby anchors include Netflix, eBay, Apple offices along Stevens Creek and Tantau, and Adobe Systems.
- Netflix — media & technology HQ (0.9 miles) — HQ
- eBay — e-commerce HQ (2.6 miles) — HQ
- Apple - Stevens Creek 8 — corporate offices (5.4 miles)
- Adobe Systems — software (5.7 miles)
- Apple - Tantau 14 — corporate offices (5.9 miles)
This 63-unit asset benefits from a deep, high-income renter pool, strong grocery and dining access, and proximity to blue-chip employers that support leasing velocity and retention. Neighborhood occupancy trends are around the metro middle, offering room for operational upside while maintaining demand stability; according to CRE market data from WDSuite, local NOI performance per unit is competitive nationally. Elevated ownership costs in the area tend to reinforce reliance on multifamily housing, supporting pricing power for well-maintained properties.
Built in 1978, the property is older than nearby stock on average, which points to a clear value-add pathway through modernization and systems upgrades. With the 3-mile radius showing ongoing population growth and a projected increase in households, investor attention to finishes, amenities, and energy efficiency can help capture renter preference and sustain occupancy.
- Deep renter base near major tech employers supports steady demand
- Competitive neighborhood NOI per unit and solid grocery/dining access
- 1978 vintage offers value-add potential via renovations and systems upgrades
- Elevated ownership costs reinforce multifamily reliance and retention
- Risks: below-metro safety metrics and limited park/café amenities require underwriting for security and asset positioning