| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 43rd | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Sands Dr, San Jose, CA, 95125, US |
| Region / Metro | San Jose |
| Year of Construction | 1997 |
| Units | 112 |
| Transaction Date | 2015-04-22 |
| Transaction Price | $23,680,000 |
| Buyer | ISG CANOAS TERRACE LP |
| Seller | SAN JOSE HOUSING INVESTORS LP |
300 Sands Dr, San Jose Multifamily Investment
Workforce demand and high home values in San Jose support resilient renter depth, according to WDSuite s CRE market data. Neighborhood occupancy is steady and renter concentration is elevated, favoring lease retention over the cycle.
Situated in San Jose s Urban Core, the property benefits from a renter-driven housing base and steady neighborhood occupancy. The neighborhood s renter-occupied share is high, indicating a deep tenant pool that typically supports leasing stability and renewal potential for multifamily operators. Median contract rents in the area are positioned in the upper range for the metro, while the rent-to-income profile suggests manageable affordability pressure relative to local incomes, aiding collections and retention.
Daily-life amenities are a relative strength: neighborhood cafe density ranks in the top quartile among 344 metro neighborhoods, and childcare access is also top quartile. Grocery availability is above the metro median, further supporting livability for residents. Park and pharmacy counts within the immediate neighborhood are limited, so operators may lean on broader city access for recreation and services.
Home values in the neighborhood are elevated compared with national norms, which tends to reinforce reliance on rental housing and supports pricing power for well-run properties. The average construction year in the area is the early 1990s; with a 1997 vintage, the asset skews slightly newer than the neighborhood norm, which can offer a competitive edge versus older stock while still warranting targeted modernization planning for systems and common areas.
Within a 3-mile radius, demographic data shows near-flat population trends but an increase in households over the last five years and a projected further rise, implying smaller household sizes and a gradual expansion of the renter pool. Income levels are high by national standards and have grown meaningfully, which supports effective rent achievement and stabilizes occupancy during typical turnover, based on commercial real estate analysis from WDSuite.
Safety signals are mixed when viewed against metro and national context. The neighborhood s crime rank sits in the lower half among 344 San Jose Sunnyvale Santa Clara neighborhoods, indicating comparatively higher incident exposure than many peer areas, and national percentiles point to below-average safety versus neighborhoods nationwide.
Trend-wise, estimated property offenses have declined over the past year, an encouraging directional shift, while violent offense estimates ticked up. Investors typically account for these dynamics through on-site security protocols and resident-experience upgrades, with leasing and asset-management strategies calibrated to submarket conditions.
Proximity to major tech employers provides a broad, high-income renter base and supports retention through commute convenience. Key nearby employers include eBay, Adobe Systems, Netflix, PayPal Holdings, and Verizon.
- eBay corporate offices (3.0 miles) HQ
- Adobe Systems corporate offices (3.2 miles)
- Netflix corporate offices (5.4 miles) HQ
- PayPal Holdings corporate offices (6.6 miles) HQ
- Verizon corporate offices (7.4 miles)
300 Sands Dr offers exposure to San Jose s renter-centric Urban Core with steady neighborhood occupancy, elevated renter concentration, and proximity to major tech employers that deepen the tenant base. The neighborhood s high ownership costs bolster reliance on multifamily housing, supporting rent durability and lease-up consistency for well-positioned assets. According to CRE market data from WDSuite, area rents sit toward the higher end relative to incomes but remain serviceable for the local workforce, aiding collections while leaving room for targeted upgrades to drive differentiation.
Built in 1997, the asset is slightly newer than the neighborhood average, offering competitive positioning versus older inventory while suggesting selective value-add opportunities in interiors, amenities, and building systems. Within a 3-mile radius, households are trending upward with expectations for further growth even as population remains near flat, indicating smaller household sizes and a gradual expansion of the renter pool that supports occupancy stability.
- Strong renter concentration and steady neighborhood occupancy support leasing stability
- High home values reinforce multifamily demand and pricing power
- 1997 vintage provides competitive positioning with targeted value-add potential
- Proximity to major tech employers expands the high-income renter base
- Risks: safety metrics lag metro leaders and park/pharmacy access is limited; proactive operations and amenity upgrades can mitigate