| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 83rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 335 Elan Village Ln, San Jose, CA, 95134, US |
| Region / Metro | San Jose |
| Year of Construction | 1992 |
| Units | 106 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
335 Elan Village Ln San Jose Multifamily Opportunity
High renter concentration in the surrounding neighborhood supports a deep tenant base and steady leasing, according to WDSuite’s CRE market data. Strengths in amenities and employment access point to durable demand drivers for this San Jose asset.
Situated in San Jose’s Santa Clara County, the property benefits from a neighborhood rated A with Inner Suburb characteristics. Amenity access is competitive among 344 metro neighborhoods and sits in the top quartile nationally, with solid coverage of groceries, restaurants, and daily services that helps support resident retention and lease-up velocity.
Renter-occupied housing is prevalent, with the neighborhood showing a high renter concentration (about four-fifths of units). For investors, that depth typically translates into a larger, more consistent tenant pool and reinforces multifamily demand relative to ownership options.
Within a 3-mile radius, WDSuite data indicates recent population growth alongside a faster increase in households, contributing to a larger renter pool. Looking forward, projections show household counts continuing to rise even as average household size trends lower, which can sustain demand for professionally managed apartments and support occupancy stability.
Ownership costs are elevated by national standards, and neighborhood rents rank high as well. In this context, a high-cost ownership market can reinforce renter reliance on multifamily housing, while a moderate rent-to-income profile suggests room for disciplined pricing strategies without unduly increasing retention risk.
The asset’s 1992 vintage is slightly older than the neighborhood average construction year, which points to practical value-add angles such as interior modernization and system updates to improve competitive positioning versus newer stock.
Safety indicators for this neighborhood trend below national norms and are weaker than many parts of the San Jose–Sunnyvale–Santa Clara metro. Based on WDSuite figures benchmarked across 344 metro neighborhoods, crime ranks in a less competitive tier locally and sits in low national percentiles for safety. Recent year-over-year estimates also indicate increases in both property and violent offenses. Investors should underwrite appropriate security measures, lighting, and management practices to support resident comfort and asset performance.
Nearby corporate offices help anchor employment and shorten commutes for residents, supporting renter demand and retention. Key employers within roughly two miles include Avnet, Sanmina, Qualcomm, Bristol-Myers Squibb (BDC), and Verizon.
- Avnet — corporate offices (0.5 miles)
- Sanmina — corporate offices (0.7 miles) — HQ
- Qualcomm — corporate offices (0.8 miles)
- Bristol-Myers Squibb, BDC — corporate offices (0.8 miles)
- Verizon — corporate offices (1.2 miles)
This 106-unit, 1992-vintage community in San Jose aligns with durable renter demand drivers: a high neighborhood renter concentration, strong amenity access, and proximity to major employers. According to CRE market data from WDSuite, neighborhood rents and home values are elevated in national terms, which supports renter reliance on multifamily housing and can underpin pricing power when paired with effective lease management.
Households within 3 miles have expanded meaningfully and are projected to continue rising even as average household size trends lower, reinforcing the tenant base and supporting occupancy stability. With the property slightly older than nearby stock, targeted renovations and system upgrades offer a practical path to enhance competitiveness and capture value-add upside, while underwriting should account for below-average safety metrics through appropriate operating practices.
- Deep renter pool and high-cost ownership market support sustained multifamily demand
- Amenity access and major employers nearby bolster leasing and retention
- 1992 vintage provides actionable value-add through interior and systems modernization
- Household growth within 3 miles supports occupancy stability and rent discipline
- Risk: safety metrics below national norms warrant enhanced security and management focus