| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 51st | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 233 Ford Rd, San Jose, CA, 95138, US |
| Region / Metro | San Jose |
| Year of Construction | 2013 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
233 Ford Rd San Jose Multifamily Investment
This 20-unit property benefits from exceptionally high neighborhood occupancy rates at 99.4%, ranking in the top 12% nationally. The area's strong renter retention and proximity to major tech employers support stable multifamily performance according to WDSuite's CRE market data.
Built in 2013, this property sits within a newer development cycle that ranks in the 73rd percentile nationally for construction vintage among the 344 neighborhoods in the San Jose metro. The relatively recent construction reduces near-term capital expenditure needs while positioning the asset competitively within the local rental market.
Neighborhood-level occupancy performance stands at 99.4%, placing it in the top quartile among metro neighborhoods and the 95th percentile nationally. This exceptional stability reflects strong underlying rental demand, with only 17.8% of housing units occupied by renters, indicating limited rental supply relative to the broader metro. Demographics within a 3-mile radius show a median household income of $144,773, with 31% of households earning over $200,000 annually.
The area maintains solid amenity access with 3.1 grocery stores per square mile, ranking in the 90th percentile nationally, and 1.55 parks per square mile. Median contract rents in the neighborhood reach $1,373, though this reflects older rental stock, while the broader 3-mile area commands $2,701 median rents. Home values averaging $838,842 reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing.
Population projections within the 3-mile radius indicate household growth of 32.2% through 2028, expanding the potential tenant base from 35,205 to 46,535 households. This demographic expansion, combined with rising median incomes projected to reach $197,399, supports occupancy stability and rental pricing power for well-positioned multifamily assets.
The neighborhood ranks 55th out of 344 metro neighborhoods for overall crime metrics, placing it in the upper half of San Jose area locations. Property offense rates have declined 25.7% year-over-year, ranking in the 69th percentile nationally for improvement trends, while violent crime rates dropped 51.3%, placing the area in the 86th percentile for safety improvements.
These downward crime trends support tenant retention and property appeal, particularly important for multifamily assets where perceived safety influences lease renewal rates and market positioning within the competitive San Jose rental landscape.
The property benefits from proximity to major technology and corporate employers that anchor the South Bay employment base and support consistent rental demand from professional tenants.
- IBM Silicon Valley Lab — technology services (4.8 miles)
- Adobe Systems — software development (7.6 miles)
- Ebay — e-commerce platform (7.7 miles) — HQ
- Netflix — streaming media (9.2 miles) — HQ
- Paypal Holdings — financial technology (10.9 miles) — HQ
This 2013-vintage asset capitalizes on exceptional neighborhood fundamentals, with 99.4% occupancy rates ranking in the top 12% nationally and declining crime trends supporting tenant retention. The property's location within San Jose's established tech corridor provides access to major employers including IBM, Adobe, and eBay headquarters, creating consistent professional renter demand. According to multifamily property research from WDSuite, the 3-mile demographic profile shows strong income growth and household formation, with projections indicating 32.2% household expansion through 2028.
The asset's 2013 construction year positions it competitively among newer rental stock while avoiding the capital expenditure needs of older properties. High home values exceeding $838,000 sustain rental demand by keeping ownership costs elevated relative to household incomes. However, investors should monitor the area's limited renter share at 17.8% of housing units, which may constrain tenant pool depth compared to markets with higher rental concentrations.
- Exceptional 99.4% neighborhood occupancy ranking top 12% nationally
- Proximity to major tech employers including eBay, Netflix, and PayPal headquarters
- 2013 construction reduces near-term capital expenditure requirements
- Strong demographic growth with 32.2% household expansion projected through 2028
- Limited rental supply with only 17.8% renter-occupied units may constrain tenant pool depth