| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Poor |
| Demographics | 67th | Fair |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18828 Stevens Creek Blvd, San Jose, CA, 95129, US |
| Region / Metro | San Jose |
| Year of Construction | 1999 |
| Units | 29 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18828 Stevens Creek Blvd San Jose Multifamily Investment
Positioned near Silicon Valley employment hubs, this 29-unit 1999-vintage asset benefits from a deep renter pool and steady neighborhood occupancy, according to WDSuite s commercial real estate analysis.
Located in San Jose s Urban Core, the property sits in a neighborhood rated B- where neighborhood occupancy trends hover around the metro median, per WDSuite. Renter-occupied housing is meaningful, suggesting a stable tenant base for multifamily assets; note these metrics describe the neighborhood, not the property.
Daily needs are well covered: grocery density ranks 28th among 344 metro neighborhoods (top tier locally) and benchmarks in a high national percentile, while restaurants are also comparatively plentiful. By contrast, parks, pharmacies, and cafes are limited within the immediate neighborhood footprint, so investors may want to underwrite lifestyle convenience as driven more by nearby corridors than block-level options.
Home values in the neighborhood sit at the high end nationally, which can reinforce reliance on rental housing and support pricing power for professionally managed units. Median contract rents also track toward the upper end of national benchmarks, but rent-to-income levels indicated by WDSuite suggest capacity for rent consistent with area incomes, rather than overextension.
Within a 3-mile radius, the population is stable and households have increased, with forecasts pointing to additional household growth through 2028. This trajectory indicates a larger tenant base over time, supporting lease-up and retention for well-positioned multifamily properties based on CRE market data from WDSuite.
Neighborhood safety indicators compare favorably. The area ranks 25th of 344 metro neighborhoods for lower crime, placing it above the metro average, and violent offense measures benchmark in the top quartile nationally with year-over-year improvement, according to WDSuite. These are neighborhood-level readings and should be paired with property-specific security and management practices.
Proximity to major technology employers supports workforce housing demand and retention potential, including multiple Apple campuses, Nvidia, and other large tech offices nearby.
- Apple - Stevens Creek 8 technology offices (0.2 miles)
- Apple - Tantau 14 technology offices (0.6 miles)
- Apple technology offices (1.7 miles)
- Apple technology headquarters (1.7 miles) HQ
- Nvidia semiconductor headquarters (3.9 miles) HQ
This 1999-built, 29-unit asset is newer than much of the local housing stock, offering relative competitiveness versus older inventory while still allowing for targeted modernization or value-add upgrades as systems age. Elevated neighborhood home values and strong incomes reinforce renter reliance on multifamily housing, and household growth within 3 miles points to a widening tenant base over the next several years.
According to CRE market data from WDSuite, neighborhood occupancy is near the metro median while rents benchmark toward the upper end nationally a mix that supports stable absorption for well-run properties. The location adjacent to major technology employers adds depth to demand and can aid retention, though investors should account for sector cyclicality and the neighborhood s limited park and cafe options when positioning amenities.
- 1999 vintage offers competitive positioning vs. older stock, with scope for targeted upgrades
- High-cost ownership market supports sustained renter demand and pricing power
- Household growth within 3 miles indicates a larger tenant base and supports occupancy stability
- Near major tech employers (Apple, Nvidia) supporting workforce leasing and retention
- Risks: tech-cycle exposure, limited nearby parks/cafes, and capex needs as the asset ages