| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 51st | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 260 Berry Ct, Morgan Hill, CA, 95037, US |
| Region / Metro | Morgan Hill |
| Year of Construction | 1974 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | $1,590,000 |
| Buyer | KLINE DAVID S |
| Seller | VILLA TERESA |
260 Berry Ct, Morgan Hill CA Multifamily Investment
Neighborhood occupancy sits above the metro median and renter demand is supported by high-income households, according to WDSuite’s CRE market data. Positioning within an Inner Suburb of the San Jose–Sunnyvale–Santa Clara metro suggests durable leasing fundamentals relative to older suburban stock.
The property sits in Morgan Hill’s Inner Suburb context within the San Jose–Sunnyvale–Santa Clara metro, where the neighborhood is competitive among metro peers (ranked 106 out of 344) and carries a B+ rating, per WDSuite. Neighborhood occupancy is strong at the area level and above the metro median, supporting income stability for well-managed assets.
Local livability indicators point to everyday convenience: restaurants are in the top quartile nationally, cafés and grocery access also rank well, and parks density is similarly strong. A notable gap is limited pharmacy presence, which may influence errands and service accessibility for residents. Average school ratings trend below national medians; for investors, that can temper family-driven demand but does not preclude workforce renter depth.
Renter-occupied share within the neighborhood is elevated relative to national norms, indicating a deeper tenant base and supporting leasing velocity for multifamily properties. Median contract rents benchmark in the upper national percentiles while rent-to-income levels indicate manageable affordability pressure for many local households—factors that can aid retention if renewal strategies are calibrated appropriately.
Demographic statistics aggregated within a 3-mile radius show recent population growth alongside rising household counts. Looking ahead, forecasts indicate households are expected to increase further even as population trends flatten slightly—consistent with smaller average household sizes and a renter pool that may continue to expand, which can reinforce occupancy stability for well-located assets.
Home values in the neighborhood are among the highest nationally, and value-to-income ratios are elevated. In practice, a high-cost ownership market tends to sustain reliance on multifamily housing, supporting pricing power for properties that deliver quality management and everyday convenience.
Neighborhood-level crime data for this area is not available in WDSuite at this time. Investors typically benchmark safety by comparing neighborhood trends to metro and national readings when data is published, and by evaluating property-level measures such as lighting, access control, and on-site management practices.
The employment base nearby skews toward large technology and corporate services, supporting workforce renter demand and commute convenience for residents. Key employers include IBM Silicon Valley Lab, eBay, Netflix, Adobe Systems, and PayPal.
- IBM Silicon Valley Lab — technology R&D offices (6.5 miles)
- eBay — corporate offices (18.4 miles) — HQ
- Netflix — streaming & media offices (18.8 miles) — HQ
- Adobe Systems — software corporate offices (18.8 miles)
- PayPal Holdings — payments corporate offices (22.2 miles) — HQ
Built in 1974, the asset is older than the neighborhood’s typical vintage, creating a clear value-add and capital planning angle to compete against newer stock. At the neighborhood level, occupancy trends are above the metro median and renter concentration is elevated, suggesting a durable tenant base. The surrounding 3-mile trade area shows recent population growth and ongoing household gains; forecasts point to further household expansion even with flatter population trends, which can sustain demand for rental units and support steady occupancy.
High home values in this submarket reinforce reliance on multifamily housing, while upper-percentile household incomes help support rent levels. According to CRE market data from WDSuite, neighborhood rent benchmarks are in higher national percentiles; with thoughtful renovations, the property can position for competitive rents and improved retention relative to older comparables.
- Above-metro-median neighborhood occupancy supports income stability
- Elevated renter-occupied share indicates depth of tenant demand
- 1974 vintage presents value-add upside through targeted renovations and systems upgrades
- High-cost ownership market underpins multifamily reliance and pricing power
- Risks: below-average school ratings and limited pharmacy access may temper some household segments