| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 28th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1410 Roberts Ave, San Jose, CA, 95122, US |
| Region / Metro | San Jose |
| Year of Construction | 2003 |
| Units | 100 |
| Transaction Date | 2002-03-20 |
| Transaction Price | $777,500 |
| Buyer | ROBERTS AVENUE SENIOR HOUSING LP |
| Seller | BRIDGE HOUSING VENTURES INC |
1410 Roberts Ave, San Jose Multifamily Investment
Neighborhood occupancy remains in the mid-90s and renter concentration is high, supporting durable demand for a 100-unit asset, according to WDSuite’s CRE market data. Strong local amenities and a high-cost ownership market point to steady leasing fundamentals, with pricing power moderated by household budgets.
Located in an Inner Suburb of San Jose, the neighborhood scores competitively on amenities, ranking in the top quartile among 344 metro neighborhoods and testing strong nationally. Dense retail, grocery (very high store density), and dining options (restaurants per square mile among the highest nationally) reinforce day-to-day convenience that supports renter retention.
The asset’s 2003 vintage is newer than the neighborhood’s average 1994 construction year, which can provide a competitive edge versus older stock. Investors should still plan for systems modernization typical of early-2000s properties if repositioning or operational upgrades are part of the strategy.
For multifamily demand, the neighborhood maintains a 95.3% occupancy rate; this is a neighborhood-level metric, not property performance. Renter-occupied housing accounts for about 66.5% of units locally, indicating a deep tenant base and helping support occupancy stability across cycles.
Within a 3-mile radius, households have edged higher even as population has softened, indicating smaller household sizes and a shifting mix that can expand the renter pool. Median incomes have risen meaningfully in recent years while rents have also climbed, so operators should monitor affordability to manage renewals and minimize turnover.
Home values in the neighborhood are elevated relative to U.S. norms and the value-to-income ratio ranks in the upper tier locally, reinforcing renter reliance on multifamily housing and supporting lease retention. School ratings trend low on average, which may temper appeal for some family renters and should be considered in unit mix and amenity programming.
Safety metrics here sit near the metro midpoint by rank but below national norms, indicating higher incident rates than many U.S. neighborhoods. However, recent year-over-year trends show notable declines in both property and violent offenses, suggesting improving conditions relative to the prior year.
Investors should underwrite with conservative assumptions and emphasize lighting, access control, and resident engagement. Monitoring citywide and submarket trends alongside on-site measures can help sustain leasing momentum as broader conditions evolve.
Proximity to major technology and corporate offices supports a large commuter tenant base and helps stabilize leasing, with convenient access to employers like Adobe, eBay, PayPal, Qualcomm, and Verizon.
- Adobe Systems — software (2.2 miles)
- Ebay — ecommerce (4.4 miles) — HQ
- Paypal Holdings — fintech (5.1 miles) — HQ
- Qualcomm — semiconductors (5.9 miles)
- Verizon — telecommunications (6.0 miles)
1410 Roberts Ave benefits from a renter-dense neighborhood, strong amenity access, and a high-cost ownership landscape that sustains reliance on multifamily housing. The 2003 construction is newer than the neighborhood average, supporting competitive positioning versus older stock while leaving room for targeted modernization to drive rent premiums. Neighborhood occupancy sits at 95.3% (neighborhood metric), and elevated home values buttress lease retention even as operators manage affordability and renewal strategies.
Within a 3-mile radius, households are increasing despite modest population slippage, pointing to smaller household sizes and a larger renter pool over time. According to CRE market data from WDSuite, rising incomes and steady rent growth support a durable tenant base, while proximity to major tech employers provides a consistent demand pipeline for workforce and professional renters.
- Renter-occupied share is high locally, supporting depth of demand and occupancy stability
- 2003 vintage offers competitive footing versus older stock with potential value-add through modernization
- Elevated home values reinforce renter reliance on multifamily, aiding lease retention
- Employer proximity (Adobe, eBay, PayPal) underpins a steady commuter tenant base
- Risks: below-average national safety and low school ratings may affect family renter appeal and operating focus