| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 40th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1725 Almaden Rd, San Jose, CA, 95125, US |
| Region / Metro | San Jose |
| Year of Construction | 2003 |
| Units | 66 |
| Transaction Date | 2001-05-29 |
| Transaction Price | $3,000,000 |
| Buyer | ALMADEN SENIOR HOUSING PARTNERS LP |
| Seller | COMMUNITY HOUSING PARTNERS LLC |
1725 Almaden Rd San Jose Multifamily Investment
This 66-unit property built in 2003 sits in a neighborhood with 96% occupancy and strong rental demand, supported by commercial real estate analysis showing sustained renter preference in the broader San Jose market.
The property sits in an urban core neighborhood where 70% of housing units are renter-occupied, reflecting strong rental demand dynamics within the San Jose metro. With a neighborhood occupancy rate of 96%, this area demonstrates consistent absorption patterns that support stable cash flows for multifamily investors.
Built in 2003, this property aligns with the neighborhood's average construction year of 1989, positioning it as newer vintage that may require less immediate capital expenditure compared to older building stock. Demographic data aggregated within a 3-mile radius shows household growth of 3.6% over the past five years, with median household income reaching $127,460 and projected to grow 37% through 2028, expanding the qualified renter pool.
The neighborhood ranks in the bottom quartile among 344 metro neighborhoods for overall investment metrics, with particular challenges in amenity density and household income levels. However, median rent of $1,628 represents an 83rd national percentile, indicating strong pricing power relative to other markets. The rent-to-income ratio suggests affordability pressure that investors should monitor for lease retention considerations.
Population forecasts indicate 3% growth through 2028, with households projected to increase 32%, supporting continued rental demand. The area maintains high rental occupancy despite limited walkable amenities, suggesting tenant retention driven by employment proximity and housing costs rather than lifestyle factors.
Crime metrics show property offense rates declining 45% year-over-year and violent crime down 44%, indicating improving neighborhood conditions. The area ranks in the middle tier among 344 San Jose metro neighborhoods for overall crime, with property offense rates at the 23rd national percentile and violent crime at the 30th national percentile compared to neighborhoods nationwide.
While crime levels remain above national averages, the significant year-over-year improvement in both property and violent crime categories suggests positive momentum that may support tenant retention and leasing velocity over time.
The property benefits from proximity to major technology employers that anchor the regional workforce, providing commute convenience for professional tenants within the San Jose employment corridor.
- Adobe Systems — software technology (2.1 miles)
- Ebay — e-commerce technology (2.6 miles) — HQ
- Netflix — streaming media (5.5 miles) — HQ
- PayPal Holdings — financial technology (5.6 miles) — HQ
- Nvidia — semiconductor technology (6.7 miles) — HQ
This 66-unit property represents a stabilized asset in a high-demand rental market, with neighborhood occupancy at 96% and strong employment fundamentals driven by proximity to major technology headquarters. The 2003 construction year positions the asset as newer vintage requiring minimal near-term capital expenditure while benefiting from modern unit layouts averaging 714 square feet.
Demographic projections show household growth of 32% through 2028 within the 3-mile radius, with median household income expected to reach $174,934, expanding the qualified tenant base. According to CRE market data from WDSuite, rental demand remains supported by high ownership costs and continued employment growth in the technology sector, though investors should monitor affordability pressures given current rent-to-income ratios.
- Stabilized occupancy at 96% neighborhood level with strong rental demand dynamics
- Proximity to major technology employers including eBay, Netflix, and PayPal headquarters
- Newer 2003 vintage reduces immediate capital expenditure requirements
- Projected household growth of 32% through 2028 supports tenant demand
- Risk consideration: rent-to-income ratios may pressure lease renewals and require active management