| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 43rd | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1255 Babb Ct, San Jose, CA, 95125, US |
| Region / Metro | San Jose |
| Year of Construction | 2013 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1255 Babb Ct San Jose Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and mid-range occupancy stability, according to WDSuite’s CRE market data. Newer 2013 vintage relative to local stock positions the asset competitively for retention and pricing discipline.
Situated in San Jose’s Urban Core, the property benefits from neighborhood dynamics that favor multifamily: renter-occupied housing accounts for a substantial share of units (measured at the neighborhood level), indicating depth in the tenant base that can support leasing velocity and renewal rates. Neighborhood occupancy trends sit around the national mid-range, suggesting stable, though competitive, conditions for operators.
Amenities are a relative strength: cafés and childcare density rank competitive among San Jose neighborhoods and land in the top quartile nationally, while grocery access also outperforms national averages. However, park and pharmacy presence scores at the low end locally, which may slightly temper lifestyle appeal compared with stronger-amenity sub-areas.
Construction is newer than the area norm: the asset’s 2013 vintage compares to a neighborhood average build year in the early 1990s. For investors, this typically implies a more modern spec competing well against older stock and may defer larger capital items near term, while still warranting system updates and selective repositioning to sustain competitive differentiation.
Within a 3-mile radius, demographic patterns show a large, high-income resident base and a slight decline in population alongside an increase in households—pointing to smaller household sizes and a shifting renter mix. Projections indicate continued household growth and rising incomes, expanding the renter pool and supporting occupancy and effective rent management; these trends are corroborated by commercial real estate analysis from WDSuite.
Home values in the area are elevated versus national norms, and the value-to-income ratio ranks near the top nationally. In practice, a high-cost ownership market tends to reinforce reliance on rental housing, supporting tenant retention and giving professionally managed assets room to hold rate during renewals when product quality and management are strong.
Neighborhood safety indicators are mixed when benchmarked nationally: overall crime metrics track below the national median, and the area does not rank among San Jose’s top-performing neighborhoods for safety. Even so, recent readings show a meaningful decline in property offenses year over year, a constructive signal that, if maintained, can support resident sentiment and renewal performance.
Investors should view safety through a comparative, trend-based lens typical of Urban Core locations—prioritizing on-site measures (access control, lighting, monitoring) and tracking neighborhood and citywide trends rather than relying on single snapshots.
A concentrated tech and corporate base nearby underpins renter demand and commute convenience, led by e-commerce, software, streaming, payments, and telecom employers listed below.
- Ebay — e-commerce (2.8 miles) — HQ
- Adobe Systems — software (3.0 miles)
- Netflix — streaming media (5.2 miles) — HQ
- Paypal Holdings — digital payments (6.5 miles) — HQ
- Verizon — telecom offices (7.2 miles)
1255 Babb Ct offers scale at 86 units and a 2013 build competing against an older neighborhood base, supporting operational efficiency and modern finishes that can sustain absorption and renewal capture. Neighborhood-level data indicates a large renter-occupied share and mid-range occupancy, pointing to dependable demand with normal competitive pressure on leasing and concessions.
Within a 3-mile radius, rising household counts and strong income growth projections suggest a larger tenant base ahead, while elevated ownership costs in the area typically sustain reliance on rental housing. Proximity to major employers deepens the prospective renter pool, and, according to CRE market data from WDSuite, neighborhood NOI per unit trends are favorable versus national peers—supportive for long-term operations. Key watch items include safety variability typical of urban cores and softer scores for parks/pharmacies compared with amenity-rich sub-areas.
- 2013 vintage competes well against older stock, with selective value-add and system updates for continued positioning
- High neighborhood renter-occupied share supports demand depth and renewal capture
- Household growth and strong incomes (3-mile radius) expand the renter pool and support occupancy stability
- Elevated ownership costs reinforce multifamily reliance and pricing power for quality assets
- Risks: urban-core safety variability and limited park/pharmacy amenities may require targeted property-level mitigations