| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 61st | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1111 Weyburn Ln, San Jose, CA, 95129, US |
| Region / Metro | San Jose |
| Year of Construction | 1972 |
| Units | 60 |
| Transaction Date | 1999-01-22 |
| Transaction Price | $6,180,000 |
| Buyer | SASAKI GO |
| Seller | BIG BLUE LLC |
1111 Weyburn Ln, San Jose — 60-Unit Value-Add Multifamily
Positioned in a high-cost ownership pocket of West San Jose, the neighborhood’s strong renter-occupied share and proximity to major tech employment support durable demand, according to WDSuite’s CRE market data. Metrics cited refer to the surrounding neighborhood, not the property, and point to stable leasing fundamentals with upside from targeted upgrades.
The immediate neighborhood rates B and is competitive among San Jose-Sunnyvale-Santa Clara neighborhoods, with strengths that matter to multifamily investors: dense services and everyday convenience. Restaurants and groceries are abundant (top decile nationally), and parks and childcare options score well, while pharmacies and cafes are thinner locally. These patterns favor renter retention and day-to-day livability for a working professional and family tenant base.
Neighborhood occupancy is measured for the area rather than this asset and sits below the metro median, signaling the need for attentive leasing and renewals. Counterbalancing that, renter-occupied housing accounts for a material share of units locally, indicating depth in the tenant base and steady demand for professionally managed apartments.
Within a 3-mile radius, population is broadly stable with a projected increase in households through 2028, alongside gradually smaller average household size. For investors, that implies a larger renter pool and sustained need for well-managed units, supporting occupancy stability and renewal velocity.
Home values in the neighborhood rank among the highest nationally, a hallmark of Silicon Valley’s ownership market. Elevated ownership costs tend to reinforce reliance on multifamily housing, while neighborhood rent-to-income levels suggest manageable affordability pressure that can aid lease retention and thoughtful pricing power over time, based on WDSuite’s commercial real estate analysis.
The property’s 1972 vintage is slightly older than the neighborhood average stock. That age profile often supports a value-add plan focused on unit modernization and building systems to improve competitive positioning against newer peers while capturing rent premiums commensurate with finishes and amenities.
Neighborhood safety indicators are measured for the area and not the property. On a metro basis, the neighborhood ranks competitive among 344 San Jose-Sunnyvale-Santa Clara neighborhoods, placing in a stronger tier locally. Nationally, it sits above the midpoint for safety, which supports renter appeal and leasing stability.
Trend signals are constructive: according to WDSuite’s CRE market data, both property and violent offense rates in the neighborhood declined year over year, placing those improvements above many neighborhoods nationwide. Investors should still underwrite standard security measures and lighting, but comparative and trending data suggest a supportive backdrop versus broader benchmarks.
Proximity to leading tech employers underpins workforce housing demand and commute convenience for residents. Key nearby employers include Apple’s corporate campuses, Netflix, and other large technology headquarters that collectively support tenant retention and leasing durability.
- Apple — corporate offices (1.8 miles)
- Apple — corporate offices (1.8 miles) — HQ
- Apple - Stevens Creek 8 — corporate offices (2.0 miles)
- Apple - Tantau 14 — corporate offices (2.3 miles)
- Netflix — streaming & media (4.9 miles) — HQ
1111 Weyburn Ln offers 60 units averaging roughly 800 square feet in a high-income, high-home-value West San Jose neighborhood where renter demand is reinforced by major tech employment nodes nearby. The 1972 construction presents clear value-add potential through interior refreshes and targeted capital planning to elevate rent positioning relative to newer stock. According to CRE market data from WDSuite, neighborhood occupancy trends sit below the metro median, but the renter-occupied share and strong local incomes, combined with a projected increase in households within 3 miles, point to a resilient tenant base and steady absorption for renovated units.
For long-term investors, the combination of elevated ownership costs, solid amenities coverage, and deep employment anchors supports lease retention, while careful underwriting should account for leasing execution and capital timing to realize the asset’s modernization upside.
- High-cost ownership market sustains multifamily demand and supports pricing power over time.
- 1972 vintage enables a value-add program focused on interiors and building systems.
- Household growth within 3 miles expands the renter pool, aiding occupancy stability.
- Proximity to Apple and other tech HQs underpins leasing durability for working households.
- Risk: neighborhood occupancy sits below the metro median, requiring active lease management and competitive positioning.