| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 67th | Fair |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1801 Anchor Way, San Jose, CA, 95132, US |
| Region / Metro | San Jose |
| Year of Construction | 1985 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1801 Anchor Way San Jose Multifamily Investment
High neighborhood occupancy and proximity to major employers support renter demand, according to CRE market data from WDSuite.
The property sits within an Urban Core neighborhood of San Jose that is ranked 163 out of 344 metro neighborhoods (B rating), placing it around the metro median while benefiting from solid location fundamentals for workforce and professional tenants.
Occupancy in the neighborhood is strong—above the metro median and in the top quartile nationally—supporting income stability for multifamily assets. Rents are among the highest nationally (near the 99th percentile), with steady five‑year growth, while the rent-to-income profile remains relatively manageable locally, which can aid retention and lease management.
Everyday amenities are mixed: grocery access is a clear strength (around the 93rd percentile nationally) and restaurant density is competitive (roughly the 91st percentile), while parks, pharmacies, and cafes are comparatively limited. Average school ratings trend above national norms (around the 73rd percentile), which can support longer stays for household renters.
Within a 3‑mile radius, demographic data show recent population growth with a larger increase in households, expanding the local tenant base. Forward-looking projections indicate households could continue to rise even if population trends soften, reflecting smaller household sizes and a potential expansion of the renter pool—dynamics that can support occupancy and leasing velocity, based on CRE market data from WDSuite.
Tenure patterns indicate a meaningful renter concentration (about one‑third of housing units are renter‑occupied), suggesting a durable base of multifamily demand. Elevated ownership costs in the area reinforce reliance on rental options, which can underpin pricing power and reduce turnover risk for well-positioned assets.
Neighborhood safety benchmarks trail national averages, with property and violent offense metrics sitting in lower national percentiles. However, recent year‑over‑year trends point to improvement, with both property and violent offense rates declining, according to WDSuite’s CRE market data.
For investors, this suggests underwriting should incorporate conservative assumptions for security and operating practices, while recognizing the improving trajectory. Comparatively, the area tracks below many San Jose–Sunnyvale–Santa Clara neighborhoods on safety, but recent momentum is constructive and worth monitoring over subsequent reporting periods.
Nearby technology and life sciences employers provide a deep white‑collar and technical employment base, supporting renter demand and commute convenience for residents. The list below highlights key names within roughly four miles: Qualcomm, Bristol‑Myers Squibb (BDC), Avnet, Sanmina, and PayPal.
- Qualcomm — wireless & semiconductors (1.6 miles)
- Bristol-Myers Squibb, BDC — biopharma offices (1.7 miles)
- Avnet — electronics distribution (2.3 miles)
- Sanmina — electronics manufacturing (2.7 miles) — HQ
- Paypal Holdings — fintech (2.7 miles) — HQ
1801 Anchor Way offers 60 units built in 1985—an older vintage than nearby stock—which may present value‑add or capital planning opportunities to improve unit finishes and systems relative to newer competition. The neighborhood shows above‑median metro occupancy and top‑quartile national standing, while elevated ownership costs sustain multifamily reliance and support pricing power. Within a 3‑mile radius, households have expanded and projections call for further growth alongside smaller household sizes, which can translate into a larger tenant base even if population trends soften.
According to CRE market data from WDSuite, rents in the surrounding neighborhood sit near the top of U.S. markets, but rent-to-income levels remain comparatively manageable for this metro’s high-earning workforce—supporting lease retention when paired with prudent renewal strategies. Proximity to major employers deepens demand, while investors should underwrite for ongoing safety investments and amenity limitations (parks, pharmacies, cafes) that may influence resident expectations.
- Occupancy positioned above the metro median and competitive nationally, supporting income durability
- Older 1985 vintage offers clear value‑add and CapEx planning angles versus newer nearby stock
- High-cost ownership market reinforces renter reliance; strong employer base supports demand
- Risks: below‑average safety metrics and limited nearby parks/pharmacies/cafes warrant thoughtful operations and amenities strategy