| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 26th | Poor |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2151 Plaza De Guadalupe, San Jose, CA, 95116, US |
| Region / Metro | San Jose |
| Year of Construction | 1982 |
| Units | 101 |
| Transaction Date | 2017-05-02 |
| Transaction Price | $41,900,000 |
| Buyer | BURNHAM VDG VENTURE LP |
| Seller | STANDARD GUADALUPE VENTURE LP |
2151 Plaza De Guadalupe San Jose Multifamily Investment
This 101-unit property built in 1982 sits in a neighborhood with 71.3% renter occupancy, ranking in the top 3% nationally for rental demand. Neighborhood-level occupancy remains stable at 93.5% despite recent market pressures, according to CRE market data from WDSuite.
Located in San Jose's urban core, this neighborhood demonstrates resilient rental fundamentals with 71.3% of housing units occupied by renters, ranking 19th among 344 metro neighborhoods and placing in the 97th percentile nationally. The area maintains a 93.5% occupancy rate, providing stability for multifamily investors despite a modest 4.7% decline over five years as the market adjusts to new supply.
Built in 1982, this property aligns with the neighborhood's average construction year of 1984, indicating consistent building stock that may present value-add renovation opportunities for investors focused on modernization and unit upgrades. Median contract rents of $1,505 rank 311th among metro neighborhoods, suggesting affordability that supports tenant retention in Silicon Valley's high-cost environment.
Demographics within a 3-mile radius show 242,089 residents with a median household income of $112,510, though income distribution varies significantly with 21.6% of households earning over $200,000. Population declined 7% over five years but forecasts project household growth of 30% through 2028, potentially expanding the renter pool. Home values averaging $691,752 with 58% appreciation over five years reinforce rental demand as elevated ownership costs keep households in the multifamily market.
The neighborhood offers moderate amenity access with 1.48 grocery stores per square mile ranking in the 78th percentile nationally, while restaurant density of 8.86 per square mile supports lifestyle appeal. Childcare availability ranks in the 89th percentile nationally, attracting families to the rental market. However, the area lacks parks and cafes, which may limit some tenant demographics.
Crime metrics show mixed trends that require ongoing monitoring for multifamily operators. Property crime rates of 1,978 incidents per 100,000 residents rank 262nd among 344 metro neighborhoods, placing in the 11th percentile nationally. However, property crime declined 35.2% year-over-year, ranking 102nd metro-wide and demonstrating improving conditions in the 78th percentile nationally.
Violent crime rates of 250 incidents per 100,000 residents rank 273rd among metro neighborhoods, though violent crime dropped significantly by 70.9% year-over-year, ranking 23rd metro-wide and placing in the 94th percentile nationally for improvement. These declining crime trends, while from elevated baselines, suggest positive momentum that may support tenant retention and leasing velocity over time.
Major technology employers within commuting distance provide workforce housing demand, led by Adobe Systems and several Silicon Valley headquarters operations.
- Adobe Systems — software technology (3.2 miles)
- PayPal Holdings — financial technology (4.4 miles) — HQ
- Qualcomm — semiconductor technology (4.6 miles)
- Sanmina — electronics manufacturing (5.1 miles) — HQ
- eBay — e-commerce technology (6.1 miles) — HQ
This 101-unit property presents value-add potential in a neighborhood with exceptional rental market fundamentals. The 71.3% renter occupancy rate ranks in the top 3% nationally, while neighborhood-level occupancy of 93.5% demonstrates operational stability. Built in 1982, the property offers renovation upside to capture higher rents as the area's median of $1,505 provides room for improvement in Silicon Valley's premium market.
Demographic projections within a 3-mile radius show household growth of 30% through 2028, expanding the tenant base while home values averaging $691,752 reinforce rental demand as ownership remains costly. Proximity to major technology employers including PayPal, Adobe, and eBay headquarters supports workforce housing demand, though investors should monitor crime trends and competitive new supply affecting absorption rates.
- Exceptional rental demand with 71.3% renter occupancy ranking 97th percentile nationally
- Stable 93.5% neighborhood occupancy despite market adjustments
- Value-add renovation potential with 1982 construction year
- Projected 30% household growth through 2028 expanding tenant base
- Risk factors include elevated crime rates and potential new supply competition