| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 52nd | Poor |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7750 Wren Ave, Gilroy, CA, 95020, US |
| Region / Metro | Gilroy |
| Year of Construction | 1982 |
| Units | 75 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7750 Wren Ave, Gilroy Multifamily in High-Cost Silicon Valley
Neighborhood occupancy trends are solid and ownership costs are elevated for Santa Clara County, supporting renter demand and lease retention according to WDSuite’s CRE market data. Expect steady renter interest driven by commute access to South Bay job nodes and a broadening household base.
Situated in Gilroy within the San Jose–Sunnyvale–Santa Clara metro, the property’s neighborhood rates C overall and shows occupancy that trends above national averages, per WDSuite. The area skews Urban Core with practical conveniences: grocery and pharmacy access rank strong nationally, while restaurant and café density is lighter, which suggests daily needs are covered but lifestyle options are more limited locally.
Home values in the neighborhood are elevated compared with most U.S. areas, reinforcing reliance on multifamily rentals and aiding pricing power for well-maintained assets. At the same time, neighborhood rent-to-income metrics indicate relatively manageable rent loads, a combination that can support leasing stability rather than turnover pressure.
The local housing stock is older on average (1950), while this asset’s 1982 vintage is newer than much of the immediate area. That positioning can be competitive versus aging stock, though investors should plan for system updates and selective modernization to meet current renter expectations.
Renter-occupied housing comprises a little over one-third of neighborhood units, signaling a moderate renter concentration that can provide depth without excessive turnover risk. Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue rising, which points to a larger tenant base and supports occupancy stability over the medium term based on CRE market data from WDSuite.
Relative to U.S. neighborhoods, safety metrics are below the national average, and within the San Jose–Sunnyvale–Santa Clara metro the neighborhood ranks below the metro median (229 out of 344 neighborhoods). Recent trends show year-over-year declines in both property and violent offense rates, indicating incremental improvement, but investors should underwrite to conservative assumptions and consider standard security and lighting upgrades.
The employment base draws from major South Bay technology and corporate offices, supporting workforce housing demand and commute-oriented renter retention. Nearby employers include IBM, Netflix, eBay, Adobe, and PayPal.
- IBM Silicon Valley Lab — technology R&D (15.7 miles)
- Netflix — streaming/media HQ (27.1 miles) — HQ
- eBay — ecommerce HQ (27.3 miles) — HQ
- Adobe Systems — software (28.0 miles)
- PayPal Holdings — fintech HQ (31.4 miles) — HQ
7750 Wren Ave offers exposure to Santa Clara County’s high-cost ownership environment, where elevated home values bolster the renter pool and can support rent resilience for well-positioned assets. Neighborhood occupancy is above national norms and grocery/pharmacy access is strong, while restaurant/café density is thinner, suggesting day-to-day convenience with fewer discretionary amenities nearby. The 1982 vintage is newer than the neighborhood average, creating an opportunity to outperform older stock with targeted renovations and system updates.
Within a 3-mile radius, population and households have expanded and are forecast to continue increasing, pointing to a larger tenant base and steadier lease-up dynamics. According to CRE market data from WDSuite, rent-to-income dynamics appear supportive of retention, and proximity to South Bay employers underpins demand from commuting households. Key underwriting considerations include modest local lifestyle amenities and safety metrics that trail national levels, which can be addressed through property-level upgrades and prudent management.
- High-cost ownership market supports durable multifamily demand and pricing power
- Occupancy trends above national averages with strong daily-needs access (grocery/pharmacy)
- 1982 vintage offers value-add and modernization potential versus older neighborhood stock
- 3-mile population and household growth expand the tenant base and support leasing
- Risks: thinner restaurant/café density and below-average safety require prudent operations