| 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 trends are near the national median with a renter-occupied share above the metro midpoint, supporting stable leasing fundamentals according to WDSuite’s CRE market data.
Campbell’s Urban Core setting pairs strong income profiles with a high-cost ownership market, creating dependable renter demand for well-located assets. Home values benchmark in the top percentile nationally, which tends to sustain renter reliance on multifamily housing and support pricing power for competitive product. At the same time, rent-to-income ratios track closer to national medians than pricing alone would suggest, helping with retention and renewal strategies for professionally managed properties.
Amenity access skews mixed. Restaurant density ranks in the top quartile nationally, while grocery access is a notable strength at a high national percentile, reducing daily friction for residents. However, café, park, and pharmacy counts are limited within the immediate neighborhood. Investors should underwrite on-site conveniences or partnerships that offset these gaps to enhance resident satisfaction and reduce turnover.
On housing performance, the neighborhood’s renter-occupied share sits above the metro median (based on 344 metro neighborhoods), indicating a deeper tenant base for multifamily leasing. Occupancy in the neighborhood reads near the national midpoint, suggesting competitive positioning and the potential to outperform with targeted unit and common-area upgrades.
Within a 3-mile radius, demographic trends show recent population and household growth with further increases projected, pointing to a larger tenant base over the next several years. Income distribution is skewed toward higher-earning households, which supports absorption of quality renovations and reinforces demand for professionally managed rentals.
Compared with neighborhoods nationwide, safety indicators track below the national median, and the area places in the lower tier among 344 San Jose metro neighborhoods. Recent data also show an increase in property offenses over the past year, while violent offense rates remain comparatively lower than many urban submarkets. Investors should plan for prudent security measures and resident engagement to support retention and protect NOI.
Proximity to major corporate offices supports a deep white-collar employment base and short commutes that can aid leasing velocity and retention. Nearby anchors include Netflix, eBay, Apple facilities, and Adobe within a tight radius.
- Netflix — entertainment & streaming (0.87 miles) — HQ
- eBay — e-commerce (2.62 miles) — HQ
- Apple - Stevens Creek 8 — technology offices (5.35 miles)
- Adobe Systems — software (5.67 miles)
- Apple - Tantau 14 — technology offices (5.82 miles)
This 63-unit asset, built in 1978, is older than the neighborhood average vintage and presents clear value-add and capital planning angles. According to CRE market data from WDSuite, occupancy trends sit near national medians while per-unit NOI benchmarks among stronger national readings, indicating room to capture upside through targeted renovations and operational execution.
Campbell’s high-cost ownership landscape and affluent income base reinforce multifamily demand, and the neighborhood’s renter-occupied share stands above the metro median, supporting depth of the tenant pool. Nearby corporate employers further underpin leasing stability, though investors should account for amenity gaps and safety considerations in asset and site plans.
- 1978 vintage offers value-add potential; plan for systems upgrades and interior modernization.
- High-cost ownership market supports sustained renter demand and pricing power for competitive product.
- Renter-occupied share above the metro median indicates a deeper tenant base for leasing and renewals.
- Risks: below-median safety signals and limited nearby amenities warrant thoughtful security and on-site convenience programming.