| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 53rd | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1053 Coleman Rd, San Jose, CA, 95123, US |
| Region / Metro | San Jose |
| Year of Construction | 1998 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1053 Coleman Rd, San Jose Multifamily Investment
Neighborhood fundamentals point to resilient renter demand and high occupancy stability, according to CRE market data from WDSuite’s Silicon Valley coverage. Expect competitive positioning supported by strong incomes and limited for-sale accessibility in the immediate area.
The property s 1998 vintage is newer than the neighborhood s average construction year (1977), which can offer a competitive edge versus older stock while still leaving room for targeted modernization to enhance curb appeal and operating efficiency.
Renter demand is underpinned by a meaningful renter-occupied share at the neighborhood level (44.2% of housing units are renter-occupied), indicating a deeper tenant base for multifamily operators. Neighborhood occupancy is strong and has trended upward over the past five years, placing in the top quartile nationally and competitive among the 344 San Jose Sunnyvale Santa Clara neighborhoods (rank near the top 25%).
Local amenity access is mixed. Restaurants and grocery options score in higher national percentiles (restaurants at the 88th and groceries at the 83rd percentile), while parks, pharmacies, and cafes are comparatively limited within the neighborhood footprint. Average school ratings are on the lower end (around the 15th percentile nationally), which may influence unit mix and marketing strategies rather than core demand drivers.
Within a 3-mile radius, demographics indicate stable population with modest recent growth and a forecast shift toward more households and smaller household sizes. Rising household incomes and elevated ownership costs in the metro (with home values in high national percentiles) tend to reinforce reliance on rental housing, supporting lease retention and pricing power for well-managed assets. Neighborhood NOI per unit benchmarks perform in the top decile nationally, according to WDSuite s CRE market data, signaling strong operating potential relative to peer locations.
Safety metrics present a mixed but improving picture. Compared with neighborhoods nationwide, the area sits modestly above the national midpoint for overall safety (around the 58th percentile). Within the San Jose Sunnyvale Santa Clara metro, the neighborhood s crime rank indicates it is not among the safest cohorts (rank 80 out of 344 metro neighborhoods), but recent trend data shows meaningful year-over-year improvement in both property and violent offense estimates.
For investors, the directional trend is constructive: estimated property offense rates improved at a pace that ranks among the stronger movers metro-wide and nationally, and violent offense estimates also declined notably. These improvements can support leasing confidence and retention when paired with professional on-site management and standard safety practices.
Proximity to major tech employers supports a robust white-collar renter base and commute convenience for residents. Key nearby employers include eBay, Netflix, Adobe, IBM s Silicon Valley operations, and Apple offices.
- eBay corporate headquarters & marketplaces (4.7 miles) HQ
- Netflix streaming & media headquarters (5.2 miles) HQ
- Adobe Systems software (6.2 miles)
- IBM Silicon Valley Lab enterprise technology R&D (7.5 miles)
- Apple Stevens Creek 8 corporate offices (9.2 miles)
1053 Coleman Rd offers investors exposure to a high-income Silicon Valley neighborhood where renter demand is supported by strong neighborhood occupancy and proximity to major employers. The 1998 vintage is newer than the neighborhood average and can be positioned competitively with focused upgrades to interiors, common areas, and building systems. Elevated ownership costs in the area tend to sustain the renter pool, while rent burdens remain manageable relative to local incomes, supporting lease retention for well-run assets.
According to CRE market data from WDSuite, neighborhood occupancy trends rank among the stronger cohorts in the metro and within the top quartile nationally, and NOI per unit benchmarks sit in high national percentiles. Forward-looking demographics within a 3-mile radius point to a shift toward more households and smaller household sizes, which typically expands the renter pool even if population growth is modest. Key watch items include comparatively low school ratings, mixed amenity coverage for parks/pharmacies, and safety that, while improving, trails the metro s safest neighborhoods.
- Newer 1998 vintage versus local stock, with value-add and modernization potential
- Strong neighborhood occupancy and high NOI per unit support stable operations
- High-cost ownership market reinforces multifamily demand and pricing power
- Proximity to eBay, Netflix, Adobe, IBM, and Apple aids leasing and retention
- Risks: lower school ratings, limited parks/pharmacies, and safety that s improving but below metro leaders