| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 66th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15400 Vineyard Blvd, Morgan Hill, CA, 95037, US |
| Region / Metro | Morgan Hill |
| Year of Construction | 1999 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15400 Vineyard Blvd Morgan Hill Multifamily Investment
Neighborhood occupancy has remained solid and elevated home values in Santa Clara County support steady renter demand, according to WDSuite’s CRE market data. For investors, this submarket’s stability and high-cost ownership landscape can help underpin leasing durability.
Morgan Hill sits within the San Jose–Sunnyvale–Santa Clara metro and scores well on day-to-day livability, with restaurants, cafes, parks, pharmacies, and grocery options placing the neighborhood competitive among San Jose–Sunnyvale–Santa Clara neighborhoods (amenities rank 38 out of 344) and in the top quartile nationally for access. Average school ratings are also strong (rank 74 of 344 and top-quartile nationally), supporting family appeal that can translate to stable lease retention.
The asset’s 1999 vintage is newer than the neighborhood’s average construction year (1981). That positioning typically competes well against older stock while still warranting periodic system updates or targeted renovations to sustain rentability and operating efficiency.
At the neighborhood level, occupancy is high and has held near the mid-90s, a backdrop that supports income stability for well-managed assets. Within a 3-mile radius, demographics indicate an upper-income profile and recent population growth, with household counts also increasing — factors that broaden the tenant base for larger-unit formats. Looking ahead, forecasts within 3 miles show households rising while total population moderates, suggesting smaller average household sizes and a shifting mix that can still sustain multifamily demand through an expanding number of households.
Tenure patterns are mixed: the neighborhood shows a relatively lower renter-occupied share, while the 3-mile radius reflects roughly one-third renter-occupied units. For investors, that implies a defined but selective renter pool — deep enough to support absorption, yet with some competition from ownership given elevated incomes and strong schools. Rent-to-income levels indicate manageable affordability pressure relative to many Bay Area enclaves, aiding retention and measured pricing power.
Safety indicators are comparatively favorable versus the metro and signal above-average conditions nationally. The neighborhood ranks 34 out of 344 within the San Jose–Sunnyvale–Santa Clara area, indicating it is competitive among metro neighborhoods, and sits above the national median for overall safety. Property crime metrics are especially strong — top quartile nationally — and have improved markedly over the last year. Violent-offense readings are closer to national mid-range and have shown a recent uptick, warranting routine monitoring as part of asset management. All figures reflect neighborhood-level comparisons, not property-specific security.
Proximity to key Silicon Valley employers supports a robust commuter tenant base and leasing stability, with nearby roles spanning enterprise software, e‑commerce, streaming media, creative software, and digital payments. Notable employers include IBM Silicon Valley Lab, eBay, Netflix, Adobe Systems, and PayPal Holdings.
- IBM Silicon Valley Lab — enterprise software (8.4 miles)
- eBay — e‑commerce (20.3 miles) — HQ
- Netflix — streaming media (20.6 miles) — HQ
- Adobe Systems — creative software (20.7 miles)
- PayPal Holdings — digital payments (24.1 miles) — HQ
This 50-unit, 1999-vintage community in Morgan Hill benefits from strong neighborhood occupancy and a high-cost ownership market that sustains renter reliance on multifamily housing. According to CRE market data from WDSuite, nearby schools, amenities, and income levels are supportive of lease retention, while the property’s newer-than-average vintage provides competitive positioning versus older local stock, with potential to capture premium through selective modernization.
Within a 3-mile radius, recent population and household growth have expanded the renter pool, and forecasts point to continued household increases even as total population moderates — a mix consistent with smaller household sizes and steady multifamily demand. Elevated home values in the locality tend to reinforce the renter base and can support pricing power, though investors should plan for ongoing capital needs typical for late-1990s construction and monitor any shifts in safety trends or tenure mix that could influence leasing velocity.
- Newer-than-area vintage (1999) versus neighborhood average, enabling competitive positioning with targeted upgrades
- High neighborhood occupancy supports income stability and lease retention
- Upper-income 3‑mile radius and strong schools/amenities underpin demand for larger units
- Proximity to major Silicon Valley employers supports commuter demand and retention
- Risks: recent uptick in violent-offense trends, potential competition from ownership, and typical capital needs for late-1990s systems