| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Good |
| Demographics | 41st | Poor |
| Amenities | 72nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 752 Saint Clar Ave, Gilroy, CA, 95020, US |
| Region / Metro | Gilroy |
| Year of Construction | 2000 |
| Units | 21 |
| Transaction Date | 1999-01-06 |
| Transaction Price | $156,000 |
| Buyer | SOUTH COUNTY/HOPE VILLA ESPERANZA INC |
| Seller | SOUTH COUNTY HOUSING CORP |
752 Saint Clar Ave Gilroy Multifamily Investment
This 21-unit property built in 2000 benefits from strong neighborhood-level occupancy at 98.3% and elevated median rents of $2,123, according to CRE market data from WDSuite.
Located in Gilroy's urban core, this neighborhood ranks in the 83rd national percentile for housing fundamentals, with neighborhood-level occupancy at 98.3% and median contract rents of $2,123. The area maintains a B- rating among 344 metro neighborhoods, positioning above metro median for rental demand stability.
Demographics within a 3-mile radius show household income growth of 37.3% over five years, with median household income reaching $119,529. Population projections indicate 4.3% growth through 2028, supporting expansion of the renter pool. With 39.4% of housing units renter-occupied, the tenure mix reinforces consistent rental demand.
The property's 2000 construction year aligns with neighborhood averages, reducing near-term capital expenditure pressures while offering potential value-add opportunities through selective upgrades. Home values averaging $921,896 with 54.8% appreciation over five years sustain rental demand by limiting ownership accessibility for many households.
Amenity density supports tenant retention with 1.95 grocery stores per square mile (82nd national percentile) and 4.87 childcare facilities per square mile (99th national percentile). However, school ratings average 1.5 out of 5, ranking in the 26th national percentile, which may influence family tenant demographics.
Crime metrics show mixed trends for this neighborhood. Property offense rates of 918 per 100,000 residents improved 10.4% year-over-year, though the neighborhood ranks 176th among 344 metro neighborhoods for property crime. Violent crime rates remain relatively contained at 172 incidents per 100,000 residents, placing the area in the 22nd national percentile.
While violent crime increased 87.7% year-over-year, this reflects low baseline numbers typical of smaller communities. Investors should monitor these trends as part of ongoing asset management, particularly for tenant retention and leasing considerations in this urban core location.
The property benefits from proximity to major Silicon Valley employers, providing workforce housing opportunities for technology and corporate professionals commuting to established employment centers.
- IBM Silicon Valley Lab — technology offices (14.6 miles)
- Netflix — streaming technology (26.1 miles) — HQ
- eBay — e-commerce technology (26.2 miles) — HQ
- Adobe Systems — software development (26.9 miles)
- PayPal Holdings — financial technology (30.3 miles) — HQ
This 21-unit property built in 2000 presents a stable cash flow opportunity supported by neighborhood-level occupancy of 98.3% and strong rental fundamentals. The area's B- rating among 344 metro neighborhoods reflects solid housing metrics, with median rents of $2,123 and rent growth of 35.7% over five years. Demographics within a 3-mile radius show household income growth of 37.3% and projected population growth of 4.3% through 2028, expanding the renter pool.
The property's 2000 vintage reduces near-term capital requirements while offering selective value-add potential through strategic improvements. Home values averaging $921,896 sustain rental demand by limiting ownership accessibility, supported by multifamily property research indicating strong tenure dynamics with 39.4% renter-occupied units. Proximity to major Silicon Valley employers provides workforce housing appeal, though investors should monitor mixed crime trends and below-average school ratings that may influence tenant demographics.
- Strong neighborhood occupancy at 98.3% with median rents of $2,123
- Projected 4.3% population growth through 2028 expanding renter pool
- 2000 construction reduces near-term capital needs with value-add upside
- Workforce housing proximity to major Silicon Valley technology employers
- Risk consideration: Mixed crime trends and below-average school ratings require monitoring