| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 63rd | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1380 Blossom Hill Rd, San Jose, CA, 95118, US |
| Region / Metro | San Jose |
| Year of Construction | 1997 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1380 Blossom Hill Rd San Jose Multifamily Investment
Positioned in a high-amenity pocket of San Jose with strong renter demand and elevated ownership costs, the neighborhood supports durable leasing fundamentals according to WDSuite’s CRE market data. Expect competitive positioning from location and income depth rather than concessions-driven strategies.
The property sits within an Urban Core neighborhood rated A and ranked 47 out of 344 in the San Jose–Sunnyvale–Santa Clara metro, indicating competitive standing among metro neighborhoods. Local amenity density is a clear differentiator: cafes (ranked 9 of 344) and groceries (23 of 344) place the area in the top quartile nationally for daily conveniences, supporting resident satisfaction and retention.
Neighborhood occupancy is 92.9% (neighborhood-level, not the property), with performance above the national median and consistent with established West Coast metros per commercial real estate analysis from WDSuite. Renter-occupied housing makes up 53.7% of neighborhood units, indicating a deep tenant base that can help backfill turnover and sustain leasing velocity through cycles.
At the neighborhood level, median contract rents are high relative to national benchmarks, while the rent-to-income ratio is around 0.20, suggesting room for disciplined pricing without overextending typical household budgets. Median home values are elevated for the region, which tends to reinforce reliance on multifamily housing and can aid lease retention.
Within a 3-mile radius, demographics show modest recent population growth with income expansion and a large share of higher-earning households. Forward-looking data indicates households are projected to increase alongside smaller average household sizes, which can expand the renter pool even if broader population trends soften—an important consideration for occupancy stability and unit mix strategy.
Vintage also matters. The neighborhood’s average construction year trends to the mid-1970s, while this asset’s 1997 delivery is newer than much of the surrounding stock. That relative youth supports competitive positioning versus older comparables, while still inviting targeted modernization and systems updates to capture value-add upside.
Neighborhood safety indicators are mixed relative to peers. The area ranks 219 out of 344 metro neighborhoods on crime, which is below the metro median, and sits in lower national safety percentiles overall. Property-related incidents have declined year over year, a constructive trend, while violent offense indicators remain weaker than national norms. Investors should underwrite conservative security measures and monitor citywide trends rather than block-level assumptions.
Proximity to major technology employers underpins commuter demand and supports leasing stability, with a strong base of corporate offices within a 10-mile radius including e-commerce, streaming, creative software, and enterprise tech.
- eBay — e-commerce (4.1 miles) — HQ
- Netflix — streaming/media (4.2 miles) — HQ
- Adobe Systems — creative software (6.0 miles)
- Apple - Stevens Creek 8 — corporate offices (8.4 miles)
- IBM Silicon Valley Lab — enterprise tech R&D (8.4 miles)
This 80-unit, 1997-vintage asset benefits from a high-amenity Urban Core location and a renter-heavy neighborhood profile that supports depth of demand and leasing durability. Elevated ownership costs in the area tend to sustain multifamily reliance, while neighborhood occupancy remains healthy and competitive with broader West Coast benchmarks. According to CRE market data from WDSuite, local incomes are strong relative to national norms, keeping rent-to-income levels manageable for careful revenue management.
Within a 3-mile radius, recent population and income gains have supported rent growth, and projections suggest a notable increase in households alongside smaller average household sizes—signals that can expand the renter pool even if population moderates. Being newer than the neighborhood’s average stock (1970s), the 1997 delivery provides competitive positioning against older assets, with potential upside from targeted renovations, energy-efficiency upgrades, and unit finish refreshes.
- Location fundamentals: top-quartile amenities and proximity to major employers support retention and leasing velocity.
- Demand depth: renter-occupied share at the neighborhood level and strong incomes reinforce a sizable tenant base.
- Value-add path: 1997 construction versus older local stock allows targeted modernization to drive rent premiums.
- Forward outlook: 3-mile household growth and smaller household sizes point to renter pool expansion and support for occupancy stability.
- Risks: safety metrics are below metro average and trends should be monitored; underwriting should reflect conservative security and operating assumptions.