| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 87th | Best |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3021 Huff Ave, San Jose, CA, 95128, US |
| Region / Metro | San Jose |
| Year of Construction | 1997 |
| Units | 72 |
| Transaction Date | 1994-12-08 |
| Transaction Price | $2,635,000 |
| Buyer | HUFF AVENUE LLC |
| Seller | HUFF AVENUE ASSOCIATES |
3021 Huff Ave, San Jose CA Multifamily Investment
High renter-occupied concentration and a high-cost ownership market support durable demand at this address, according to WDSuite’s CRE market data.
Located in San Jose’s Urban Core, the neighborhood rates an A and ranks 44 out of 344 metro neighborhoods — a top quartile position that signals competitive fundamentals for multifamily. Dining access is a distinct strength: cafes and restaurants sit in the 98th percentile nationally, with metro ranks of 23 and 17 respectively (top quartile among 344). Parks also score in the 98th percentile with a metro rank of 24. By contrast, pharmacies and childcare are sparse (both ranked 344 of 344), so residents rely on nearby submarkets for those services.
Renter demand depth is notable: the share of renter-occupied housing units is 62.4%, placing the neighborhood in the 95th percentile nationally and top quartile locally (rank 46 of 344). Neighborhood occupancy is near the national midpoint, suggesting stable leasing with room to differentiate at the asset level through operations or product quality. Elevated home values (99th percentile nationally) indicate a high-cost ownership market that tends to reinforce reliance on multifamily housing and can support retention.
Within a 3-mile radius, households have grown while population has been roughly flat, pointing to smaller average household sizes and a gradually expanding tenant base. Incomes are high and have risen materially over the last five years, and median asking rents in the neighborhood sit near the top of U.S. markets; together, these factors imply pricing power with balanced affordability (rent-to-income levels are below many coastal peers). These dynamics are consistent with findings from WDSuite’s multifamily property research.
On the supply and performance side, the neighborhood’s average NOI per unit ranks 5th of 344 locally and in the 99th percentile nationally — a neighborhood-level indicator that comparable assets can operate efficiently in this submarket. Grocery access is above the metro median (rank 150 of 344), complementing the strong dining mix for day-to-day livability.
Safety trends are mixed and should be underwritten carefully. Overall crime ranks 218 out of 344 San Jose–Sunnyvale–Santa Clara neighborhoods, which is below the metro median. Compared nationally, recent violent offense levels sit in the lower 17th percentile (less favorable), while property offense levels are also weak relative to peers.
That said, trajectory matters: estimated violent offenses improved sharply year over year (an improvement pace stronger than most U.S. neighborhoods, 81st percentile), and property offenses declined as well, roughly in line with national improvement. Investors should emphasize security design, resident engagement, and insurer feedback as part of standard risk management.
Proximity to major tech employers supports a deep, well-compensated renter pool and short commutes for knowledge workers. Nearby anchors include eBay, Apple offices, Adobe, and Netflix — all within roughly four miles.
- eBay — e-commerce HQ (1.8 miles) — HQ
- Apple - Stevens Creek 8 — technology offices (3.1 miles)
- Adobe Systems — software (3.2 miles)
- Apple - Tantau 14 — technology offices (3.4 miles)
- Netflix — streaming media (3.9 miles) — HQ
This 72-unit asset is positioned in a top-quartile San Jose neighborhood where high renter-occupied share, elevated ownership costs, and proximity to blue-chip employers support a durable tenant base. Neighborhood occupancy sits near the national midpoint, indicating steady demand with potential to outperform through product differentiation and disciplined operations. According to commercial real estate analysis from WDSuite, the area’s NOI per unit is among the strongest in the metro, reinforcing the potential for efficient operations at stabilized assets.
Households within a 3-mile radius are increasing even as average household size trends lower, expanding the renter pool over time. High incomes paired with nationally high asking rents suggest the ability to sustain pricing while managing affordability pressure. Key risks to monitor include below-median safety metrics and limited on-block access to pharmacies and childcare, which call for proactive property management and amenity strategy.
- Top-quartile neighborhood among 344 metro peers with strong dining and park access supporting resident appeal
- High renter-occupied share and high-cost ownership market reinforce multifamily demand and retention
- Deep nearby employer base (eBay, Apple, Adobe, Netflix) underpins leasing stability
- Neighborhood-level NOI per unit ranks among the strongest locally, supporting efficiency at stabilization
- Risks: below-median safety metrics and limited immediate pharmacy/childcare access warrant active management