| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 72nd | Good |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1540 Southwest Expy, San Jose, CA, 95126, US |
| Region / Metro | San Jose |
| Year of Construction | 2008 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1540 Southwest Expy San Jose Multifamily Investment
Positioned in an Urban Core pocket with high renter concentration and solid neighborhood occupancy, the asset benefits from durable demand dynamics, according to CRE market data from WDSuite. Elevated ownership costs in the surrounding area tend to sustain the renter base, supporting income stability over a long hold.
This Urban Core location in San Jose scores an A- neighborhood rating and ranks 58 out of 344 metro neighborhoods—top quartile within the San Jose–Sunnyvale–Santa Clara area—signaling competitive fundamentals for multifamily. The 2008 construction is newer than the neighborhood’s average 1981 vintage, which can translate into stronger tenant appeal and potentially lower near-term capital needs, while still warranting system refresh planning over the hold period.
Amenity access is a strength. Neighborhood-level counts of cafes and grocery stores sit in the mid‑90s national percentiles, indicating dense daily conveniences that help with leasing velocity and retention. Parks also index high nationally, adding livability. One tradeoff: pharmacies are less prevalent locally, so residents may rely on a short drive for certain services.
For investors focused on demand depth, the neighborhood’s renter-occupied share is high—ranked 16 of 344 in the metro and in the 98th percentile nationally—supporting a broad tenant base. Neighborhood occupancy is in the upper tier nationally (around the 66th percentile), a constructive signal for income durability and renewal rates, based on CRE market data from WDSuite.
Within a 3‑mile radius, demographic data show resilient household formation even as population has been relatively flat in recent years, implying smaller household sizes and steady inflows to the renter pool. Forecasts point to an increase in households and higher median incomes through the next cycle, which supports rent collections and leasing stability. The area’s high-cost ownership market (home values in the upper national percentiles) reinforces reliance on rental housing, which can bolster pricing power while requiring attentive lease management to monitor affordability pressure.
Neighborhood safety indicators land near the national middle, with a mixed profile across categories but clear year‑over‑year improvement, according to WDSuite. Among 344 San Jose–Sunnyvale–Santa Clara neighborhoods, the area trends competitive on several measures, and both property and violent offense rates have declined materially over the past year, which supports investor confidence in tenant retention and leasing activity.
As always, investors should underwrite with recent, block‑level due diligence and consider how security features and lighting, resident engagement, and professional management can sustain the improving trend.
Proximity to major tech employers underpins renter demand and commute convenience, with a concentration of corporate offices spanning e‑commerce, software, streaming media, fintech, and hardware. The nearby employment base supports leasing stability and renewal potential for workforce and professional tenants.
- eBay — e‑commerce (1.1 miles) — HQ
- Adobe Systems — software (2.0 miles)
- Netflix — streaming media (4.2 miles) — HQ
- PayPal Holdings — fintech (4.7 miles) — HQ
- Apple — Stevens Creek 8 — hardware (4.9 miles)
The 112‑unit property at 1540 Southwest Expy offers exposure to a renter‑heavy Urban Core submarket where neighborhood occupancy trends are solid and homeownership costs are elevated relative to national norms. Built in 2008—newer than the neighborhood’s average 1981 vintage—the asset should compete well against older stock while investors plan for mid‑life system updates and targeted common‑area or in‑unit refreshes. According to CRE market data from WDSuite, neighborhood‑level amenities index high nationally, supporting leasing velocity and renewal health.
Within a 3‑mile radius, household counts are projected to increase alongside rising median incomes, expanding the qualified renter pool and supporting rent growth management and occupancy stability. A high share of renter‑occupied housing at the neighborhood level further deepens demand, while the high‑cost ownership environment tends to reinforce reliance on multifamily housing—constructive for retention and pricing power when paired with disciplined affordability monitoring.
- 2008 vintage positions the asset competitively versus older neighborhood stock, with manageable modernization needs.
- Renter-occupied share ranks near the top of the metro, indicating a deep tenant base and stable demand.
- Strong amenity density and proximity to major employers support leasing velocity and renewals.
- High-cost ownership landscape sustains rental reliance, aiding pricing power with active lease management.
- Risks: cyclical tech employment, localized service gaps (e.g., pharmacies), and potential capex for mid‑life systems.