| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 45th | Poor |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9250 Wren Ave, Gilroy, CA, 95020, US |
| Region / Metro | Gilroy |
| Year of Construction | 1998 |
| Units | 74 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9250 Wren Ave Gilroy Multifamily Investment
This 74-unit property built in 1998 benefits from strong neighborhood-level occupancy at 94.8% and projected household growth of 31% through 2028, according to CRE market data from WDSuite.
The neighborhood ranks in the 70th percentile nationally for occupancy stability, with current rates at 94.8% supporting consistent rental demand. Demographics within a 3-mile radius show household income growth of 66% over five years, with median household income reaching $118,504. The area maintains a balanced renter-owner split, with 39.9% of housing units renter-occupied, providing a stable tenant base for multifamily properties.
Built in 1998, this property represents newer vintage compared to the neighborhood average construction year of 1982, positioning it competitively with reduced near-term maintenance requirements. The area's median rent of $1,847 reflects strong pricing power, ranking in the 89th percentile nationally. Projected demographic trends show household count increasing 31% through 2028, expanding the potential tenant pool and supporting occupancy fundamentals.
The neighborhood offers family-oriented amenities with childcare density ranking 81st among 344 metro neighborhoods and parks ranking 44th metro-wide. While retail amenities are limited, the area's high household size averaging 3.6 persons indicates strong family demographics that typically provide stable, longer-term tenancies for multifamily operators.
Property crime rates in the neighborhood show a declining trend, with estimated rates decreasing 5.7% year-over-year. The area ranks 123rd among 344 metro neighborhoods for property offense rates, placing it in the middle tier of the San Jose-Sunnyvale-Santa Clara region. Violent crime rates remain relatively contained at 131 incidents per 100,000 residents, though showing a modest 3.8% increase year-over-year.
Overall crime metrics place the neighborhood in the 38th percentile nationally, indicating room for improvement compared to safer suburban areas but maintaining reasonable stability for urban core locations. Investors should monitor local crime trends as part of ongoing property management and tenant retention strategies.
The property benefits from proximity to major Silicon Valley employers, providing workforce housing opportunities for technology and corporate professionals within reasonable commuting distance.
- IBM Silicon Valley Lab — technology offices (14.6 miles)
- Netflix — media technology (26.1 miles) — HQ
- eBay — e-commerce technology (26.2 miles) — HQ
- Adobe Systems — software technology (26.9 miles)
- PayPal Holdings — financial technology (30.3 miles) — HQ
This 74-unit property presents a compelling investment opportunity anchored by strong occupancy fundamentals and demographic tailwinds. The neighborhood's 94.8% occupancy rate exceeds typical market averages, while projected household growth of 31% through 2028 supports expanding rental demand. Built in 1998, the property offers competitive positioning with lower maintenance requirements compared to the area's older building stock averaging from 1982.
Income growth trends strengthen the investment case, with median household income increasing 38% over five years and projected to reach $181,271 by 2028. The area's family-oriented demographics, reflected in above-average household sizes of 3.6 persons, typically generate stable, longer-term tenancies. However, investors should monitor the limited retail amenities and moderate crime metrics as factors affecting tenant satisfaction and renewal rates.
- Strong neighborhood occupancy at 94.8% indicates stable rental demand
- Projected 31% household growth through 2028 expands tenant pool
- 1998 construction provides competitive positioning with reduced maintenance needs
- Family demographics with 3.6 average household size support lease stability
- Risk factors include limited retail amenities and moderate crime metrics requiring active management