| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 32nd | Poor |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3071 Rose Ave, San Jose, CA, 95127, US |
| Region / Metro | San Jose |
| Year of Construction | 2003 |
| Units | 66 |
| Transaction Date | 2001-01-22 |
| Transaction Price | $2,150,000 |
| Buyer | ROEM DEVELOPMENT CORP |
| Seller | STEWART JAMES E |
3071 Rose Ave San Jose Multifamily Investment
This 66-unit property built in 2003 benefits from strong neighborhood-level occupancy at 95.7% and above-average rental demand in Santa Clara County's tech corridor.
The Rose Avenue neighborhood ranks in the top quartile nationally for amenity access, with strong grocery store density at 5.22 per square mile and convenient childcare options supporting family-oriented renters. Median household income within a 3-mile radius reaches $113,424, reflecting the area's proximity to Silicon Valley employment centers. The neighborhood maintains a 95.7% occupancy rate, ranking above the metro median among 344 San Jose area neighborhoods.
Built in 2003, this property aligns with the neighborhood's average construction year of 1975, positioning it as relatively newer stock that may require less immediate capital expenditure compared to older inventory. Renter-occupied units comprise 38.3% of the housing stock, indicating solid rental demand in a market where median home values of $878,010 reinforce renter reliance on multifamily housing.
Demographic projections within the 3-mile radius show household income is forecast to increase 35.7% by 2028, reaching a median of $153,969, which supports rent growth potential. The area benefits from proximity to major tech employers while maintaining competitive median rents of $2,078 for comparable units, creating favorable conditions for occupancy stability and lease renewals.
Property crime trends show improvement with a 40.2% decline year-over-year, ranking in the top quintile nationally for crime reduction among neighborhoods. Violent crime rates also decreased 65.5% annually, placing the area in the top decile nationally for safety improvements. While absolute crime levels remain above metro averages, the strong downward trajectory indicates improving conditions that support tenant retention and property appeal.
The property benefits from proximity to major technology and corporate offices that anchor Silicon Valley's employment base, providing consistent demand for workforce housing within reasonable commuting distance.
- Adobe Systems — software technology (4.3 miles)
- Qualcomm — telecommunications technology (5.1 miles)
- PayPal Holdings — financial technology (5.3 miles) — HQ
- Bristol-Myers Squibb — pharmaceutical offices (5.5 miles)
- Sanmina — electronics manufacturing (5.8 miles) — HQ
This 66-unit property offers exposure to Silicon Valley's resilient rental market through a 2003-vintage asset positioned in a neighborhood with above-average occupancy stability. According to CRE market data from WDSuite, the area maintains 95.7% occupancy while benefiting from household income growth projections of 35.7% through 2028. The property's construction year provides a balance of modern amenities without the premium associated with newer developments, while proximity to major tech employers supports consistent tenant demand.
Rental fundamentals remain supported by median home values of $878,010 that reinforce renter reliance on multifamily housing, while improving safety trends and strong amenity access enhance long-term tenant retention potential. The neighborhood's rental share of 38.3% indicates established rental demand patterns in this tech-adjacent location.
- Strong occupancy fundamentals with 95.7% neighborhood-level rates above metro median
- Household income growth projected at 35.7% through 2028 supporting rent escalation
- 2003 construction year balances modern appeal with value positioning
- Proximity to major tech employers within 6-mile radius provides tenant base stability
- Risk consideration: High home values may face affordability pressure affecting rental demand dynamics