| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Poor |
| Demographics | 40th | Poor |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2766 Monterey Hwy, San Jose, CA, 95111, US |
| Region / Metro | San Jose |
| Year of Construction | 2009 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2766 Monterey Hwy, San Jose Multifamily Investment
Neighborhood occupancy trends are competitive for the metro and sit in the top quartile nationally, according to WDSuite’s CRE market data, supporting stable renter demand near the Monterey Highway corridor.
This San Jose Urban Core location offers everyday convenience with strong food-and-beverage density and access along the Monterey Highway corridor. Dining and grocery options test well versus national peers, while park, pharmacy, and childcare density is limited within neighborhood boundaries, suggesting residents rely on nearby districts for some services.
Occupancy in the neighborhood is strong at the top quartile nationally and is competitive among San Jose–Sunnyvale–Santa Clara neighborhoods (ranked 108th of 344). For investors, that positioning points to steady leasing and fewer prolonged vacancies compared with weaker subareas.
Renter-occupied housing comprises roughly one-third of units at the neighborhood level (36.4%), indicating a mixed-tenure base locally. Within a 3-mile radius, renter concentration is closer to the mid-40% range, which broadens the tenant pool for multifamily while still reflecting meaningful owner presence. This balance supports demand depth but can also temper ultra-fast lease-ups in softer periods.
The area’s built environment trends older (average construction year 1989 across the neighborhood), while the subject’s 2009 vintage is newer than much of the surrounding stock. That typically enhances competitive positioning versus nearby properties but may still call for targeted modernization to maintain pricing power over time.
Income indicators around the neighborhood benchmark above many U.S. areas, and rent-to-income metrics (neighborhood-level around one-fifth) suggest manageable affordability pressure, which can aid retention. At the same time, home value metrics and value-to-income ratios indicate a more accessible ownership landscape than many coastal metros, which can introduce competition with entry-level ownership and should be factored into leasing strategy.
Safety signals are mixed and broadly near national midpoints. Overall crime performance sits around the metro middle (crime rank 160 out of 344 San Jose–Sunnyvale–Santa Clara neighborhoods), while national positioning is roughly mid-range. Property crime indicators track weaker than national averages, but recent trends show a notable decline in violent offenses year over year, a constructive directional signal for risk management.
Investors should focus on common-sense measures—lighting, access control, and resident engagement—and monitor neighborhood trends over time rather than relying on block-level assumptions.
Proximity to major Silicon Valley employers underpins renter demand and supports retention for workforce and professional tenants. Key nearby hubs include software, e-commerce, streaming, and fintech offices listed below.
- Adobe Systems — software (3.5 miles)
- Ebay — e-commerce (4.2 miles) — HQ
- Netflix — streaming & media (6.7 miles) — HQ
- Paypal Holdings — fintech (6.9 miles) — HQ
- Verizon — telecommunications (7.8 miles)
2766 Monterey Hwy offers a newer 2009 vintage relative to the neighborhood’s older building stock, supporting competitive positioning and potential for targeted value-add to sustain rents. Strong neighborhood occupancy—competitive within the metro and top quartile nationally—combined with proximity to major employers suggests stable leasing and a resilient tenant base. Within a 3-mile radius, rising household incomes and a broad professional employment base support rent levels, while the forecast shift toward smaller household sizes points to steady multifamily need even as population growth moderates.
According to CRE market data from WDSuite, the area’s rent-to-income dynamics indicate manageable affordability pressure, aiding retention. However, a comparatively more accessible ownership landscape versus many coastal submarkets may introduce competition from entry-level ownership, making product differentiation and operations execution important. Capital planning should account for system updates as the asset ages past its first cycle while leveraging the location’s connectivity and employer access.
- 2009 vintage outcompetes older neighborhood stock; targeted upgrades can reinforce positioning
- Competitive neighborhood occupancy and top-quartile national standing support leasing stability
- Employer proximity (software, e-commerce, fintech, media) underpins durable renter demand
- Rising 3-mile household incomes enhance pricing power with disciplined lease management
- Risk: ownership accessibility and mixed tenure require differentiation to mitigate competition