| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 83rd | Best |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1880 Meridian Ave, San Jose, CA, 95125, US |
| Region / Metro | San Jose |
| Year of Construction | 1977 |
| Units | 28 |
| Transaction Date | 1997-10-22 |
| Transaction Price | $2,000,000 |
| Buyer | DANNA LENN DRIVE PARTNERSHIP |
| Seller | DANNA LAND PARTNERSHIP |
1880 Meridian Ave, San Jose Multifamily Investment
Inner-suburban San Jose shows durable renter demand and high-income households, supporting occupancy stability near the property, according to WDSuite’s CRE market data. Elevated ownership costs in this submarket tend to sustain reliance on rentals, which can aid retention and pricing discipline.
Situated in an inner suburb of San Jose, the neighborhood scores an A rating and sits above the metro median (rank 43 of 344) for overall fundamentals. Amenities are a relative strength: grocery and pharmacy access track in the top quartile nationally, and cafes and restaurants are competitive versus many U.S. neighborhoods. These daily-needs anchors help support leasing velocity for workforce and professional tenants.
Multifamily dynamics in the neighborhood reflect steady renter demand. Neighborhood occupancy is 96.4% (measured for the neighborhood, not the property), placing it above many U.S. areas, per commercial real estate analysis from WDSuite. The share of housing units that are renter-occupied is moderate at the neighborhood level, indicating a meaningful—though not dominant—renter base that can support absorption without excessive turnover concentration.
The property’s 1977 vintage is newer than the neighborhood’s average construction year of 1969. For investors, that typically implies a more competitive starting point versus older local stock, while still allowing targeted modernization or systems upgrades to drive value-add outcomes and operating efficiency.
Within a 3-mile radius, demographic statistics show high incomes and a deep professional workforce, with households projected to expand through 2028. A gradual reduction in average household size suggests more renters entering the market over time, which can support occupancy stability and unit absorption. Elevated home values in the neighborhood, coupled with high incomes and a rent-to-income ratio that trends near mid-range locally, point to sustained reliance on multifamily housing rather than displacement into ownership—often a constructive setup for lease retention.
Safety conditions compare somewhat below national norms overall, based on WDSuite’s neighborhood benchmarking, indicating investors should underwrite prudent security and property management practices. Notably, violent offense rates have improved sharply year over year (top decile improvement nationally), while property offenses remain relatively elevated versus U.S. neighborhoods—an area to monitor through insurance, lighting, and access controls.
Within the San Jose–Sunnyvale–Santa Clara metro, the neighborhood’s crime profile is competitive with many urban-adjacent areas but not top quartile; investors typically account for this with standard operating measures rather than assuming outsized drag on leasing.
The area benefits from proximity to major tech employers that anchor a large, high-income renter base and shorten commutes for professional tenants, including eBay, Adobe, Netflix, and Apple offices.
- eBay — e-commerce marketplace (0.8 miles) — HQ
- Adobe Systems — software (3.1 miles)
- Netflix — streaming media (3.5 miles) — HQ
- Apple - Stevens Creek 8 — technology offices (5.6 miles)
- Apple - Tantau 14 — technology offices (5.9 miles)
1880 Meridian Ave offers exposure to a high-income Silicon Valley renter base with strong daily-needs amenities and above-average neighborhood occupancy. The property’s 1977 vintage is somewhat newer than local average stock, providing a platform for targeted renovations and operational upgrades to enhance competitiveness without the heavier capex often needed for older assets. According to CRE market data from WDSuite, elevated neighborhood home values reinforce reliance on rentals, supporting retention and steady leasing.
Demographic statistics within a 3-mile radius indicate a large professional workforce and households expected to expand through the forecast period—factors that typically aid absorption and occupancy stability. While safety metrics are mixed, recent improvement in violent offense trends and proximity to major employers suggest demand durability with standard risk controls.
- Occupancy in the neighborhood is strong (measured for the neighborhood, not the property), supporting leasing stability.
- High-cost ownership market and strong incomes reinforce renter reliance and potential retention.
- 1977 vintage offers value-add potential via targeted modernization versus older local stock.
- Proximity to major employers (eBay, Adobe, Netflix, Apple) underpins demand from professional tenants.
- Risks: property offenses trend elevated nationally and park access is limited; underwrite security and amenity strategies accordingly.