| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 81st | Best |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 70 Mihalakis St, Milpitas, CA, 95035, US |
| Region / Metro | Milpitas |
| Year of Construction | 2008 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
70 Mihalakis St, Milpitas Multifamily Investment
Renter demand is supported by a high-cost ownership market and strong schools in a competitive Silicon Valley neighborhood, according to WDSuite’s CRE market data. Occupancy trends are stable nationally even if softer versus the metro, aligning with large-unit layouts that cater to longer stays.
This Urban Core pocket of Milpitas is competitive among San Jose–Sunnyvale–Santa Clara neighborhoods (ranked 126 of 344; B+ rating), offering solid livability for working households. Grocery access and dining options track above national norms, while parks, pharmacies, and cafes are limited nearby, which may concentrate resident activity toward private and community amenities on-site.
The property’s 2008 vintage is slightly older than nearby stock (metro average skews newer), which suggests planning for selective modernization to sustain leasing velocity against 2010s deliveries. Large average unit sizes (~1,500 sf) position the asset well for family and roommate households seeking more space, supporting retention and lower turnover costs.
Renter-occupied housing comprises a majority of neighborhood units, indicating above-median renter concentration versus the metro and a deeper tenant base for multifamily. Neighborhood occupancy sits above the national median but below the metro median, pointing to steady day-to-day operations with room to outperform through renovations and precise lease management.
Within a 3-mile radius, households have expanded over the past five years and are projected to increase further, even as average household size trends smaller. Elevated household incomes and high home values create a high-cost ownership market that reinforces reliance on multifamily rentals, supporting lease retention and pricing power for well-positioned properties. School quality is a local strength, with average ratings in the top decile nationally, which can bolster demand for larger floor plans.
Compared with the San Jose–Sunnyvale–Santa Clara metro, this neighborhood ranks in the lower tier on safety (313 of 344), and its national standing is also below average. Investors should underwrite with conservative assumptions around security and monitoring, and consider that safety perceptions can vary block to block.
Recent year-over-year indicators show volatility in reported offenses, underscoring the value of active property management, lighting, and access controls. Framing risk comparatively, the area is not among the top quartile nationally for safety; however, professional operations and resident screening can help maintain tenancy quality and support leasing stability.
Proximity to major tech and life sciences employers supports weekday traffic and a deep renter pool, with commute times that favor retention for professional households. The list below includes nearby anchors likely to influence leasing at this address.
- Bristol-Myers Squibb, BDC — biopharma offices (0.63 miles)
- Qualcomm — semiconductors & wireless (0.80 miles)
- Sanmina — electronics manufacturing (1.91 miles) — HQ
- Cisco - McCarthy Ranch 1 — networking & enterprise tech (2.01 miles)
- Paypal Holdings — fintech (2.40 miles) — HQ
70 Mihalakis St offers 32 units averaging roughly 1,500 square feet, aligning with family-sized demand in a high-income, high-cost ownership pocket of Silicon Valley. Neighborhood renter concentration is above the metro median, and occupancy trends are solid at the national level. According to commercial real estate analysis from WDSuite, school quality and proximity to major employers underpin durable leasing fundamentals, while the high ownership cost environment supports rental reliance and retention for well-operated assets.
Built in 2008, the property may benefit from targeted updates to stay competitive with newer nearby stock, creating potential value-add leverage through interior modernization and amenity refreshes. Local safety metrics trail the metro, so investors should underwrite for enhanced operations and security measures; however, the employment base and income profile continue to support depth of demand for larger floor plans.
- Large-unit layouts fit family and roommate demand, aiding retention
- Above-median renter concentration provides a deeper tenant base
- High-cost ownership market supports pricing power for well-run assets
- 2008 vintage offers value-add potential via selective modernization
- Risk: safety metrics lag the metro; plan for robust property management