| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 44th | Poor |
| Amenities | 72nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1908 Senter Rd, San Jose, CA, 95112, US |
| Region / Metro | San Jose |
| Year of Construction | 2008 |
| Units | 101 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1908 Senter Rd San Jose Multifamily Investment Opportunity
Neighborhood occupancy has held above metro norms and renter demand is supported by nearby tech employment, according to WDSuite s CRE market data. Investors evaluating San Jose apartments may find stability driven by a deep renter base and a high-cost ownership market.
This Inner Suburb location balances access and convenience for renters: grocery and dining density ranks competitively within the San Jose Sunnyvale Santa Clara metro (e.g., grocery and cafes both rank within the more convenient half of the 344 metro neighborhoods), and restaurants and pharmacies sit in the top quartile nationally by density. Limited park access is a relative drawback that may require amenity programming on site to maintain leasing appeal.
Neighborhood occupancy is above the metro median among 344 metro neighborhoods, aligning with a 60% share of housing units that are renter-occupied. For multifamily owners, that renter concentration indicates a deeper tenant pool and supports leasing stability, rather than signaling property-level occupancy.
Within a 3-mile radius, recent trends show modest population contraction but a relatively stable household base, with projections indicating an increase in households alongside smaller average household sizes. For multifamily, this points to a larger tenant base over time and supports occupancy stability even if population growth is muted.
Ownership costs in the area are elevated relative to incomes (high national value-to-income percentile), which typically sustains reliance on rental housing. Rents have risen over the past five years, and based on commercial real estate analysis from WDSuite, this dynamic supports pricing power while warranting attentive lease management to mitigate affordability pressure and retain residents.
Safety indicators for the neighborhood track below national averages, with conditions also below the metro median among 344 San Jose Sunnyvale Santa Clara neighborhoods. However, recent year-over-year data show meaningful declines in both violent and property offenses, suggesting a constructive directional trend rather than a definitive shift.
In practical terms, investors should underwrite with conservative assumptions, monitor recent comps and incident trends, and consider measures that enhance perceived security and resident retention. Use neighborhood-level statistics as context; they do not represent conditions at the property itself.
Proximity to major tech and corporate employers supports a steady commuter renter base and can aid retention through shorter commutes. Key nearby employers include Adobe Systems, eBay, PayPal Holdings, Verizon, and Qualcomm.
- Adobe Systems software (2.5 miles)
- eBay ecommerce marketplace (4.2 miles) HQ
- PayPal Holdings fintech/payments (5.7 miles) HQ
- Verizon telecommunications offices (6.5 miles)
- Qualcomm wireless & semiconductor offices (6.6 miles)
Built in 2008, the 101-unit asset offers newer-vintage competitive positioning versus the neighborhood s older housing stock, with potential to outperform nearby legacy properties while planning for mid-life system updates as part of long-term capital management. Neighborhood occupancy trends remain above the metro median, and a 60% renter-occupied share signals depth in the tenant base rather than property-level occupancy. Within a 3-mile radius, projections point to an increase in households and smaller household sizes, supporting renter pool expansion and lease-up resilience.
Elevated ownership costs in San Jose reinforce reliance on multifamily housing, and rents have advanced over the past five years, supporting disciplined pricing. According to CRE market data from WDSuite, amenity access (groceries, restaurants, pharmacies) is competitive locally and strong nationally, which can aid leasing. Risks to underwrite include neighborhood safety metrics that trail national norms and affordability pressure, necessitating proactive retention and security strategies.
- Newer 2008 vintage vs. neighborhood average, with mid-life capex planning to sustain competitiveness
- Above-metro neighborhood occupancy and ~60% renter-occupied housing share support demand depth
- 3-mile outlook shows more households and smaller sizes, expanding the renter pool over time
- High-cost ownership market sustains rental reliance; rising rents support disciplined pricing
- Risks: safety metrics below national averages and affordability pressure require active management