| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 68th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1160 Cochrane Rd, Morgan Hill, CA, 95037, US |
| Region / Metro | Morgan Hill |
| Year of Construction | 2010 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1160 Cochrane Road Morgan Hill Multifamily Investment
This 86-unit property benefits from neighborhood-level occupancy of 96.7% and strong income demographics in the San Jose metro. Commercial real estate analysis indicates median household incomes exceed $205,000 within the 3-mile radius, supporting rental demand in this suburban market.
Built in 2010, this property aligns with the neighborhood's average construction year of 1984, offering competitive positioning with reduced near-term maintenance needs compared to older area stock. The neighborhood ranks in the top quartile among 344 metro neighborhoods for median household income at $205,739, with 96.7% occupancy rates indicating stable rental demand.
Demographics within a 3-mile radius show 33,201 residents with 30.4% of housing units occupied by renters, creating a substantial tenant base. Median contract rents of $3,067 rank in the top quartile nationally, reflecting strong pricing power. The area demonstrates resilience with household income growth of 28.7% over five years, while home values averaging $1.27 million reinforce rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
Local amenities support tenant retention with above-average access to childcare (70th percentile nationally) and parks (80th percentile). The neighborhood achieves a B rating with competitive demographics and housing fundamentals, though restaurant and cafe density remains limited. School ratings average 3.5 out of 5, providing adequate educational access for family-oriented renters.
Safety metrics show the neighborhood ranking 44th among 344 metro neighborhoods for overall crime, placing it in the 64th percentile nationally. Property crime rates of 208 incidents per 100,000 residents have declined 48.8% year-over-year, indicating improving conditions that support tenant retention and leasing stability.
Violent crime remains relatively low at 37 incidents per 100,000 residents, with a 14.6% decrease over the past year. These trends position the area competitively within the San Jose metro for resident safety, though investors should monitor ongoing crime reduction initiatives and community policing efforts.
The property benefits from proximity to major Silicon Valley employers, providing workforce housing for technology and corporate professionals within reasonable commuting distance.
- IBM Silicon Valley Lab — technology offices (6.2 miles)
- Adobe Systems — software development (18.2 miles)
- Netflix — streaming media — HQ (18.8 miles)
- Paypal Holdings — financial technology — HQ (21.5 miles)
- Qualcomm — telecommunications (22.2 miles)
This 2010-vintage property capitalizes on strong suburban fundamentals in the San Jose metro, with neighborhood-level occupancy of 96.7% and median household incomes exceeding $205,000. According to CRE market data from WDSuite, the area ranks in the top quartile nationally for income demographics while maintaining competitive rent levels. Population growth of 5.1% within the 3-mile radius over five years supports expanding renter demand, particularly as home values averaging $1.27 million sustain rental market participation.
The property's construction year positions it favorably against the neighborhood average of 1984, reducing capital expenditure risks while benefiting from proximity to major Silicon Valley employers. With crime rates declining 48.8% year-over-year and strong educational access, the location supports tenant retention and lease renewal stability in this established suburban market.
- High-income demographics with median household incomes of $205,739 supporting pricing power
- Stable occupancy at 96.7% neighborhood-level with declining crime trends
- 2010 construction reduces near-term capital expenditure compared to older area stock
- Proximity to Silicon Valley employment corridor supporting workforce housing demand
- Risk: Limited rental share at 10.3% may indicate ownership competition requiring competitive lease terms