| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 26th | Poor |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 132 N Jackson Ave, San Jose, CA, 95116, US |
| Region / Metro | San Jose |
| Year of Construction | 1995 |
| Units | 43 |
| Transaction Date | 2023-07-12 |
| Transaction Price | $10,545,588 |
| Buyer | JARDINES PALOMA BLANCA ACQUISITION LP |
| Seller | SECRETARY/HOUSING & URBAN DEV |
132 N Jackson Ave San Jose Multifamily Investment
Neighborhood fundamentals indicate steady occupancy alongside a high renter concentration, supporting consistent tenant demand according to WDSuite’s CRE market data.
Situated in San Jose’s Urban Core, the property benefits from a renter-oriented neighborhood profile and broad regional employment access. Neighborhood occupancy trends are stable and above the national median, while the share of housing units that are renter-occupied is high, indicating depth in the tenant base and support for leasing continuity (neighborhood figures, not property performance).
Daily needs are well covered: pharmacies score near the top nationally and grocery access is favorable, while restaurants are plentiful. By contrast, parks and cafes are less prevalent locally. For investors, this mix skews toward convenience-oriented livability that suits workforce renters, even if lifestyle amenities are not the neighborhood’s core strength. Average school ratings trail national norms, which may influence family-driven demand mix but does not preclude stable occupancy in workforce housing.
The asset’s 1995 vintage is newer than the neighborhood’s average construction year. That positioning typically reduces immediate systems catch-up relative to older stock while leaving room for targeted modernization or common-area upgrades to sharpen competitiveness against newer deliveries.
Within a 3-mile radius, WDSuite data shows population easing modestly while household counts are projected to increase over the next five years. That pattern suggests smaller household sizes and a broader household base, which can expand the renter pool and support occupancy stability. Elevated home values in this part of Santa Clara County create a high-cost ownership market, which tends to sustain reliance on multifamily rentals and can aid retention and pricing power for well-managed assets.
Based on WDSuite’s neighborhood benchmarks, local safety indicators sit around the national middle, with recent data showing notable year-over-year declines in both violent and property offenses. In metro context (344 neighborhoods), this area is not among the lowest-crime subareas, but the improving trend is a constructive signal for investors assessing tenant retention and operating risk.
The surrounding employment base is anchored by nearby technology and advanced manufacturing offices, providing commute convenience that supports renter demand and lease stability. Key employers within a short drive include Adobe, PayPal, Qualcomm, Bristol-Myers Squibb, and Sanmina.
- Adobe Systems — software (3.4 miles)
- Paypal Holdings — fintech (4.3 miles) — HQ
- Qualcomm — semiconductor & wireless (4.4 miles)
- Bristol-Myers Squibb, BDC — biopharma offices (4.8 miles)
- Sanmina — electronics manufacturing (5.0 miles) — HQ
This 43-unit, mid-1990s community in San Jose aligns with renter-driven neighborhood dynamics and a deep regional employment base. Neighborhood occupancy is solid relative to national norms, and the share of renter-occupied housing units is high, pointing to durable leasing demand. Elevated ownership costs in Santa Clara County reinforce reliance on rentals, supporting retention and pricing discipline for well-operated assets.
Within a 3-mile radius, WDSuite data indicates population will trend down modestly while household counts expand, implying smaller household sizes and a wider tenant base that can support occupancy stability. The 1995 vintage is newer than the local average, which can moderate near-term capital needs while leaving room for targeted value-add to boost competitive positioning. According to CRE market data from WDSuite, restaurant and grocery access is favorable, while limited parks and lower school ratings shape the renter profile more toward workforce households than family-first movers.
- Renter-heavy neighborhood supports depth of demand and consistent leasing
- High-cost ownership market sustains reliance on multifamily, aiding retention
- 1995 vintage offers relative systems runway with value-add upside through modernization
- 3-mile household growth and strong employer proximity support occupancy stability
- Risks: fewer parks and lower school ratings; safety sits near national middle despite recent improvement