| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 72nd | Good |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1560 Southwest Expy, San Jose, CA, 95126, US |
| Region / Metro | San Jose |
| Year of Construction | 2008 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1560 Southwest Expy, San Jose Multifamily Investment Position
Neighborhood occupancy is in the mid-90s and renter concentration is high, supporting steady demand according to WDSuite’s CRE market data.
Located in San Jose’s Urban Core, the neighborhood ranks 58 out of 344 metro neighborhoods (top quartile nationally) with an A- rating, per WDSuite. Strong location fundamentals — including dense daily needs and transit-friendly urban fabric — support leasing and retention for a 120-unit asset.
Amenity access is a clear strength: cafes and grocery options are both in very high national percentiles, and parks are also abundant. One practical gap is limited pharmacy density locally. For investors, this mix typically supports resident convenience and reduces turnover risk tied to lifestyle amenities.
Rents in the neighborhood trend toward the higher end of the metro and occupancy is 94.2% for the neighborhood, indicating durable demand. The share of housing units that are renter-occupied is 72.5%, signaling a deep tenant base for multifamily. Elevated home values relative to incomes in the area encourage continued reliance on rental housing, which can aid pricing power and lease-up stability.
Within a 3-mile radius, households increased over the last five years even as population was roughly flat, pointing to smaller household sizes and ongoing apartment demand. Looking ahead, projections show population growth and a meaningful increase in households, which should expand the renter pool and support occupancy stability. Median household incomes in the 3-mile area are high by national standards, and a low rent-to-income ratio around the neighborhood implies manageable rent levels for many earners — useful for lease management and renewals during market fluctuations, based on commercial real estate analysis from WDSuite.
Safety signals are mixed but improving. The neighborhood’s crime rank is 97 out of 344 within the San Jose–Sunnyvale–Santa Clara metro, which is competitive among San Jose neighborhoods. Overall crime compares slightly better than the national average, while violent and property offense rates track below national medians. Importantly, both violent and property offenses show notable year-over-year declines, indicating recent momentum in the right direction.
Investors should interpret these data at the neighborhood scale rather than the specific property. Continued monitoring of trend direction and management practices that emphasize lighting, access control, and resident engagement can help sustain leasing confidence.
Proximity to major corporate offices supports a strong professional renter base and commute convenience for residents. Key nearby employers include eBay, Adobe, Netflix, PayPal, and Apple.
- eBay — technology marketplace (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 — technology offices (4.9 miles)
Built in 2008, the asset is newer than the neighborhood’s average vintage and should remain competitive versus older local stock, while investors plan for typical mid-life system upgrades over the hold. The neighborhood shows stable fundamentals: occupancy around 94% at the neighborhood level, a 72.5% renter-occupied share indicating depth of demand, and high home values that reinforce renter reliance on multifamily housing. According to CRE market data from WDSuite, local amenity density and proximity to major tech employers further support retention and leasing velocity.
Within a 3-mile radius, households have grown and are projected to increase further, expanding the tenant base even as household sizes trend smaller. High incomes relative to rent levels and strong access to daily needs help underpin occupancy stability, with potential to capture premium positioning through targeted renovations and operational execution.
- Newer 2008 vintage versus local average, with potential value-add via modernization
- Deep renter base (72.5% renter-occupied) and neighborhood occupancy near mid-90s
- Amenity-rich Urban Core location near major tech employers supports retention
- High ownership costs in the area sustain rental demand and pricing power
- Risk: exposure to tech employment cycles and the need to monitor evolving safety trends