| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 67th | Fair |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1801 Canal Way, San Jose, CA, 95132, US |
| Region / Metro | San Jose |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1801 Canal Way San Jose Multifamily Investment
This 30-unit property built in 1985 sits in a neighborhood with 96.3% occupancy and median household incomes of $162,664, according to CRE market data from WDSuite.
Located in San Jose's Urban Core neighborhood, this area demonstrates solid fundamentals for multifamily property research with occupancy rates at 96.3% compared to typical metro performance. The neighborhood ranks in the top quartile nationally for housing metrics and achieves the 86th percentile for overall housing conditions among 344 metro neighborhoods.
Demographic statistics aggregated within a 3-mile radius show a median household income of $164,450 with 40.2% of housing units occupied by renters. The area's median contract rent of $2,731 reflects the broader Silicon Valley rental market dynamics. Population forecasts suggest household growth of 35.8% through 2028, potentially expanding the renter pool and supporting occupancy stability.
The 1985 construction year places this property slightly older than the neighborhood average of 1993, suggesting potential value-add opportunities through targeted capital improvements. Home values averaging $1.2 million reinforce rental demand as elevated ownership costs sustain renter reliance on multifamily housing in this market.
Amenity access includes 3.79 grocery stores per square mile, ranking in the 93rd percentile nationally, while restaurant density reaches 10.42 per square mile at the 91st percentile. School ratings average 3.5 out of 5, supporting family tenant appeal in this Urban Core location.
Safety metrics show mixed trends for this San Jose neighborhood. Property crime rates rank 201st among 344 metro neighborhoods, placing performance below metro median levels. However, the area demonstrates improvement with property crime declining 9.3% year-over-year.
Violent crime rates perform at the 27th percentile nationally, though recent trends show a 16.6% decrease in violent offenses. Investors should consider these safety dynamics as part of broader tenant retention and leasing velocity analysis, particularly given the neighborhood's strong occupancy fundamentals.
The property benefits from proximity to major technology and corporate employers that anchor Silicon Valley's workforce housing demand.
- Qualcomm — technology (1.5 miles)
- Bristol-Myers Squibb — pharmaceuticals (1.7 miles)
- Avnet — technology distribution (2.2 miles)
- Sanmina — electronics manufacturing (2.6 miles) — HQ
- PayPal Holdings — financial technology (2.7 miles) — HQ
This 30-unit property offers exposure to Silicon Valley's resilient rental market with neighborhood-level occupancy at 96.3% and household income growth of 52.9% over five years. Commercial real estate analysis indicates the Urban Core location benefits from sustained renter demand driven by elevated ownership costs and proximity to major technology employers. The 1985 vintage presents value-add potential through strategic capital improvements in a market where newer construction commands premium rents.
Demographic projections show household formation increasing 35.8% through 2028, expanding the potential tenant base while median rents are forecast to grow 23.8% over the same period. The property's location within walking distance of major employers like Qualcomm and PayPal supports commute convenience that tenants value in this high-cost market.
- Strong occupancy fundamentals with 96.3% neighborhood rates above metro averages
- Value-add potential from 1985 vintage in appreciating Silicon Valley submarket
- Proximity to major technology employers supporting workforce housing demand
- Household growth projections indicate expanding renter pool through 2028
- Risk: Below-average safety metrics may impact tenant retention and leasing velocity