| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 68th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 235 E Dunne Ave, Morgan Hill, CA, 95037, US |
| Region / Metro | Morgan Hill |
| Year of Construction | 2013 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
235 E Dunne Ave Morgan Hill 2013 Multifamily Asset
Neighborhood occupancy is strong and the asset s 2013 vintage competes well against older local stock, according to WDSuite s CRE market data. Expect stable renter demand in a high-cost ownership market that supports lease retention over cycles.
The property sits in a suburban Morgan Hill neighborhood rated B and positioned above the metro median among 344 San Jose Sunnyvale Santa Clara neighborhoods. According to CRE market data from WDSuite, neighborhood occupancy stands at 96.7% (neighborhood-level, not property-specific) and is competitive among San Jose-area neighborhoods, signaling resilient tenant retention and lower downtime risk.
Vintage matters here: the average local construction year is 1984, so a 2013 build offers relative competitiveness versus older stock while still benefiting from selective modernization to drive rent premiums and reduce near-term capital planning volatility.
Within a 3-mile radius, population has grown in recent years with households also increasing, expanding the local renter pool. Looking ahead, forecasts show households continuing to rise even as average household size trends lower, which can support steady demand for rental units and occupancy stability.
Home values in the neighborhood rank in the top national percentiles, indicating a high-cost ownership market that tends to reinforce reliance on multifamily rentals. Median contract rents track high but are balanced by strong household incomes locally; investors should view this as pricing power tempered by affordability pressure and routine lease management considerations.
Amenities are broadly serviceable: parks and pharmacies benchmark above national averages, restaurants are competitive, while cafes are thinner. Average school ratings trend above national norms, which can aid family-oriented renter retention. Neighborhood-level NOI per unit also ranks well nationally, suggesting an operating environment supportive of consistent cash flow for professionally managed assets.
Safety metrics trend favorable in context. Based on WDSuite s data, property offenses in the neighborhood have declined sharply year over year, placing recent improvement well above national norms, and overall levels benchmark slightly safer than the national midpoint. Violent offense measures sit closer to the national average, underscoring the importance of standard security practices and resident engagement.
Framed against the broader region, these indicators suggest conditions that are competitive among many San Jose metro neighborhoods while continuing to trend in a constructive direction. Always evaluate current local policies and management protocols to sustain the recent momentum.
Proximity to major tech and enterprise employers supports a deep professional renter base and commute convenience, which can aid leasing stability. Highlights include IBM Silicon Valley Lab, eBay, Adobe, Netflix, and PayPal within a commutable radius.
- IBM Silicon Valley Lab technology R&D (7.3 miles)
- eBay e-commerce (19.3 miles) HQ
- Adobe Systems software (19.6 miles)
- Netflix digital media (19.7 miles) HQ
- PayPal Holdings payments (22.9 miles) HQ
This 2013, 40-unit asset benefits from neighborhood occupancy that is competitive within the San Jose metro and from an ownership landscape with elevated home values, both of which tend to support renter demand and lease retention. Based on CRE market data from WDSuite, the area s rent levels are underpinned by high household incomes, offering pricing power while warranting attentive affordability and renewal management.
Relative to the neighborhood s older average vintage, the property s newer construction provides a competitive positioning with more limited near-term capital needs and targeted value-add opportunities via modernization. Demand is reinforced by proximity to major Silicon Valley employers and a 3-mile outlook that points to a larger number of households over time, which can sustain a broad tenant base even as household sizes trend smaller.
- Neighborhood occupancy strength supports stable leasing (neighborhood-level metric, not property-specific).
- 2013 vintage competes well versus older local stock with selective modernization potential.
- High-cost ownership market and strong incomes reinforce multifamily demand and pricing power.
- Access to major Silicon Valley employers supports depth of professional renter demand.
- Risks: affordability pressure and mixed near-term population projections call for disciplined lease and expense management.