| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Poor |
| Demographics | 72nd | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2855 The Villages Pkwy, San Jose, CA, 95135, US |
| Region / Metro | San Jose |
| Year of Construction | 2002 |
| Units | 79 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2855 The Villages Pkwy, San Jose Multifamily Investment
Newer 2002 vintage in a high-cost ownership pocket of San Jose positions this 79-unit asset to capture steady renter demand, according to WDSuite’s CRE market data. The neighborhood shows solid occupancy and income fundamentals that can support leasing durability relative to older nearby stock.
Situated in an inner-suburban part of San Jose, the property benefits from a high-cost ownership market and strong household incomes at the neighborhood level. Elevated home values and a high value-to-income ratio indicate ownership remains expensive locally, which tends to sustain reliance on multifamily options and can support pricing power and lease retention for well-managed assets.
Neighborhood occupancy is in the upper range nationally, signaling demand stability even if not a metro leader. Renter concentration within the neighborhood is comparatively low (share of housing units that are renter-occupied), which implies a smaller immediate renter base but also limited competing rental supply in the immediate area—supportive of renewal-driven performance for stabilized assets.
Within a 3-mile radius, demographic statistics show households broadly holding steady recently with a shift toward smaller household sizes over time. Forward-looking data indicates households are expected to increase while average household size declines, which typically expands the pool of renters and can support occupancy stability and absorption for professionally operated multifamily communities.
Local amenity density inside the neighborhood cluster is limited, so residents are likely to rely on nearby commercial corridors for daily needs. For investors, this places a premium on on-site features, maintenance, and convenience to regional job centers to sustain leasing momentum and mitigate any amenity-light surroundings.
Safety indicators are mixed when comparing metro versus national context. The neighborhood ranks closer to the higher-crime end within the San Jose–Sunnyvale–Santa Clara metro (ranked against 344 neighborhoods), yet national percentiles point to relatively favorable conditions versus many U.S. neighborhoods, especially on violent offenses, which currently trend in the safer tiers nationally.
Recent year-over-year readings indicate declines in violent incidents and a moderation in property offenses. For investors, this suggests monitoring is warranted at the metro-comparative level, while national benchmarking indicates conditions that are supportive of tenant retention and operational continuity.
Proximity to major Silicon Valley employers underpins workforce housing demand and commute convenience, with nearby roles spanning software, fintech, and telecom. Notable employers include IBM, Adobe, eBay, PayPal, and Qualcomm.
- IBM Silicon Valley Lab — technology R&D (6.6 miles)
- Adobe Systems — software (7.8 miles)
- Ebay — e-commerce (9.0 miles) — HQ
- Paypal Holdings — fintech (10.6 miles) — HQ
- Qualcomm — telecom & semiconductors (11.1 miles)
Built in 2002, the property is newer than much of the surrounding housing stock, offering competitive positioning versus older assets while still leaving room for targeted modernization as systems age. High home values and a strong income base in the neighborhood reinforce reliance on rentals, and neighborhood occupancy sits above many U.S. areas, supporting lease stability. Based on CRE market data from WDSuite, rent levels in the broader area are firmly upper-tier for the region, which can reward quality operations but calls for disciplined lease management given renter affordability pressure.
Within a 3-mile radius, demographics point to an increase in total households over time alongside smaller household sizes, which typically expands the renter pool even where population trends are mixed. Combined with proximity to major employers, this supports long-term demand for well-managed multifamily. Key considerations include the neighborhood’s lower renter concentration and amenity-light profile, which place added weight on asset quality, on-site services, and access to regional job nodes.
- 2002 vintage offers competitive positioning versus older stock, with potential value-add through selective upgrades
- High ownership costs and strong incomes support rental demand and pricing power
- Household growth and smaller household sizes within 3 miles expand the renter pool, aiding occupancy stability
- Proximity to major tech employers supports leasing durability for workforce renters
- Risks: smaller immediate renter base, amenity-light neighborhood, and the need to manage affordability and capex as the asset matures