| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 34th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 Poco Way, San Jose, CA, 95116, US |
| Region / Metro | San Jose |
| Year of Construction | 1996 |
| Units | 65 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1900 Poco Way San Jose Multifamily Investment
Neighborhood occupancy trends in the low-to-mid 90s and a sizable renter-occupied housing share indicate durable tenant demand, according to WDSuite’s CRE market data. This positioning supports stable leasing for a 65-unit asset in an Urban Core pocket of San Jose.
Situated in San Jose’s Urban Core, the property benefits from strong daily-needs access: grocery and pharmacy density rank near the top of national comparisons, while restaurants are also plentiful. By contrast, neighborhood coffee shop and park access are limited, which may modestly temper lifestyle appeal but does not typically impede essential renter demand.
The neighborhood’s occupancy rate is competitive at the national level (63rd percentile) and sits above metro median when compared against 344 San Jose–Sunnyvale–Santa Clara neighborhoods. Renter-occupied housing makes up a meaningful share of local units (40.3% at the neighborhood level), signaling depth in the tenant base for multifamily.
At the 3-mile radius, demographic data show recent population contraction alongside smaller average household sizes over time; however, households are projected to increase with higher incomes, implying a larger near-term leasing pool even as household composition evolves. Elevated home values in Santa Clara County and a value-to-income ratio in a high national percentile reinforce ongoing reliance on rental housing, while a rent-to-income ratio around the mid-20% range suggests manageable affordability pressure that can support retention and pricing discipline.
Built in 1996 versus a neighborhood average vintage from the mid-1960s, the asset is relatively newer than much of the surrounding stock. This positioning supports competitive appeal versus older properties, while prudent capital planning for systems modernization and selective upgrades can unlock value-add potential over time.
School ratings in the neighborhood trail national norms (around the 15th percentile), which can influence family-driven tenancy. Even so, proximity to major employment centers and robust convenience retail often sustains multifamily renter interest in comparable Urban Core locations.
Safety indicators are mixed. The neighborhood’s crime rank is 70th out of 344 metro neighborhoods, indicating higher reported crime relative to many San Jose peers. Nationally, composite safety sits around the upper half, while offense-rate measures show notable year-over-year improvement, with both violent and property categories posting sizable estimated declines compared with the prior year.
For investors, the key takeaway is trajectory: while the area reads as above the metro average for reported incidents, the recent downward trend in estimated offense rates suggests improving conditions. As always, underwriting should reflect property-level measures, submarket context, and management practices rather than block-level assumptions.
Nearby technology and advanced manufacturing employers underpin a diverse white‑collar workforce, supporting leasing stability through commute convenience. The following anchors within a short drive are most relevant to renter demand on this corridor: Adobe, PayPal, Qualcomm, eBay, and Sanmina.
- Adobe Systems — software (3.07 miles)
- Paypal Holdings — digital payments (5.10 miles) — HQ
- Qualcomm — semiconductors (5.50 miles)
- Ebay — e-commerce (5.78 miles) — HQ
- Sanmina — electronics manufacturing (5.91 miles) — HQ
1900 Poco Way offers exposure to an Urban Core pocket of San Jose where neighborhood occupancy trends are steady, daily-needs retail is exceptionally dense, and renter concentration is meaningful. Elevated ownership costs across Santa Clara County reinforce reliance on multifamily, supporting tenant retention and leasing velocity. According to CRE market data from WDSuite, the neighborhood’s occupancy is competitive nationally with strong grocery, pharmacy, and restaurant access that bolsters day-to-day livability.
The 1996 vintage is newer than the area’s mid‑1960s average, providing relative competitiveness versus older stock while leaving room for targeted improvements to drive rentability and operational resilience. Demographic indicators within a 3‑mile radius show shifting household composition with higher incomes and an expected increase in households, which can expand the renter pool even as population trends remain mixed. Key risks include below-average school ratings, limited parks and cafe density, and crime readings that run higher than many metro peers despite recent improvement—factors best addressed through positioning, amenity strategy, and disciplined asset management.
- Urban Core location with strong daily-needs access supports occupancy stability and leasing velocity
- Newer 1996 vintage versus local average offers competitive positioning with value-add upgrade potential
- High ownership costs in Santa Clara County sustain multifamily demand and retention
- 3-mile demographics point to rising incomes and a larger household base, supporting renter pool expansion
- Risks: lower school ratings, limited parks/cafes, and crime levels above some metro peers despite recent declines