| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Good |
| Demographics | 33rd | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 282 Danze Dr, San Jose, CA, 95111, US |
| Region / Metro | San Jose |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
282 Danze Dr San Jose Multifamily Investment
This 100-unit property built in 1972 sits in a neighborhood with strong occupancy fundamentals at 97.2%, supported by Silicon Valley employment and limited rental supply according to CRE market data from WDSuite.
Located in San Jose's Urban Core district, this neighborhood ranks in the top quartile nationally for housing fundamentals among the region's 344 neighborhoods. The area maintains a 97.2% occupancy rate, significantly above metro averages, while rental units comprise 48.8% of housing stock—creating sustained demand for multifamily properties.
Demographics within a 3-mile radius show a stable tenant base with median household income of $139,281 and projected growth to $191,373 by 2028. The area benefits from high renter retention driven by elevated home values at $935,429 median, which sustain rental demand by limiting ownership accessibility. Contract rents have increased 32.8% over five years to $2,656 median, reflecting strong pricing power.
The property's 1972 construction year aligns with the neighborhood average of 1978, presenting potential value-add opportunities through strategic renovations and unit upgrades. Local amenities include 2.5 grocery stores and 2.5 childcare facilities per square mile, supporting tenant appeal, though the area shows limited cafe and park density which may impact premium positioning.
Safety metrics for this neighborhood show mixed performance compared to regional and national benchmarks. Property crime rates rank 233rd among the metro's 344 neighborhoods, placing it in the lower half locally while maintaining the 17th percentile nationally. Violent crime rates follow a similar pattern at 267th locally and 18th percentile nationwide.
Both property and violent crime rates have increased modestly over the past year by 1.7% and 15.4% respectively, though these changes align with broader regional trends. Investors should factor these safety considerations into tenant screening, property management protocols, and security infrastructure planning as part of overall risk assessment.
The property benefits from proximity to major Silicon Valley employers that support workforce housing demand and commute convenience for tech professionals.
- IBM Silicon Valley Lab — technology research (5.3 miles)
- Adobe Systems — software development (7.0 miles)
- Ebay — e-commerce technology (7.2 miles) — HQ
- Netflix — streaming media (8.8 miles) — HQ
- Paypal Holdings — financial technology (10.4 miles) — HQ
This 100-unit property presents a compelling investment opportunity anchored by Silicon Valley's employment base and strong neighborhood-level occupancy at 97.2%. The 1972 construction year offers value-add potential through strategic renovations, while the area's high home values at $935,429 median sustain rental demand by limiting ownership accessibility. Demographic projections show household income growth of 37.4% through 2028, supporting rent growth potential in a market where contract rents have already increased 32.8% over five years.
According to multifamily property research from WDSuite, the neighborhood ranks in the top quartile nationally for housing fundamentals, with 48.8% rental occupancy creating sustained demand dynamics. The property's proximity to major tech employers including IBM, Adobe, and eBay headquarters provides workforce housing appeal, though investors should account for modest crime rate increases and limited local amenities in their management strategy.
- Strong neighborhood occupancy at 97.2% indicates stable rental demand
- Value-add potential through renovations of 1972-vintage units
- Proximity to major Silicon Valley employers supports workforce housing demand
- High home values sustain rental demand by limiting ownership accessibility
- Risk considerations include below-average safety metrics and limited local amenities