| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 81st | Best |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2405 Woodard Rd, San Jose, CA, 95124, US |
| Region / Metro | San Jose |
| Year of Construction | 1981 |
| Units | 79 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2405 Woodard Rd San Jose Multifamily Investment
Neighborhood data point to steady renter demand and low-90s multifamily occupancy, according to WDSuite’s CRE market data, with elevated ownership costs supporting lease retention.
Located in San Jose’s Urban Core, the area around 2405 Woodard Rd rates mid-pack among the metro’s 344 neighborhoods (B-), offering solid daily convenience and proximity to major job centers. Grocery access is a local strength, while cafes and parks are less concentrated within the immediate neighborhood. For investors, this mix suggests dependable day-to-day livability with room for amenity-driven value strategies at the asset level.
Renter-occupied housing accounts for just under 40% of units in the neighborhood, indicating a meaningful, diversified tenant base without overreliance on transient demand. Neighborhood multifamily occupancy sits in the low-90s, a level that typically supports leasing stability and manageable turnover for well-run assets.
Within a 3-mile radius, population and household counts have expanded modestly and are projected to continue growing, creating a larger tenant base over the next several years. High median household incomes alongside elevated home values indicate a high-cost ownership market; for multifamily, this generally sustains rental demand and can support pricing power with disciplined lease management.
The property’s 1981 vintage is slightly older than the area’s average construction year. Investors should underwrite ongoing capital planning and selective renovations to enhance competitive positioning against newer stock while capturing potential value-add upside.
Safety indicators for the neighborhood sit below national medians, placing the area in the lower tier among the San Jose–Sunnyvale–Santa Clara metro’s 344 neighborhoods on crime metrics. Recent neighborhood data also reflect year-over-year increases in both property and violent offense rates. Investors typically address these dynamics through proven interventions such as strong lighting, access control, and partnership with professional security vendors, balanced against resident experience and operating budgets.
Proximity to major technology employers underpins workforce housing demand and supports leasing stability, with convenient commutes to Netflix, eBay, Adobe, and Apple offices nearby.
- Netflix — streaming & media HQ (0.9 miles) — HQ
- eBay — ecommerce HQ (2.6 miles) — HQ
- Adobe Systems — software (5.7 miles)
- Apple - Tantau 14 — technology offices (5.9 miles)
- Apple — technology HQ (6.8 miles) — HQ
This 79-unit, 1981-vintage asset benefits from durable renter demand driven by a high-income tech employment base and a high-cost ownership market in San Jose. Neighborhood occupancy trends in the low-90s and a renter concentration just under two-fifths point to a sizable tenant pool and potential for steady lease-up and retention, while grocery-rich convenience adds to living fundamentals. Based on commercial real estate analysis from WDSuite, neighborhood NOI per unit trends are strong relative to national norms, which can support disciplined rent strategies for well-managed assets.
Given its slightly older vintage, underwriting should include targeted modernization and systems upgrades to protect competitiveness against newer supply. Risk considerations include below-median safety indicators and limited immediate lifestyle amenities, which can be mitigated through on-site improvements and amenity programming aligned with local renter preferences.
- Stable renter demand supported by tech employment and high-cost ownership market
- Low-90s neighborhood occupancy supports leasing stability and retention
- 1981 vintage offers value-add potential through targeted renovations
- Strong neighborhood NOI per unit trends, per WDSuite, aid revenue management
- Risks: below-median safety metrics and fewer nearby lifestyle amenities