| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 70th | Good |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 35 E Gish Rd, San Jose, CA, 95112, US |
| Region / Metro | San Jose |
| Year of Construction | 2007 |
| Units | 35 |
| Transaction Date | 2005-03-17 |
| Transaction Price | $600,000 |
| Buyer | GISH APARTMENTS LP |
| Seller | MIRCO LLC |
35 E Gish Rd San Jose Multifamily near Major Employers
Neighborhood occupancy has held in a stable range while renter demand is supported by a high-cost ownership market and proximity to Silicon Valley job centers, according to WDSuite’s CRE market data.
Positioned in an Inner Suburb of San Jose, the property benefits from strong neighborhood fundamentals that matter to multifamily investors. Amenities score in the top quartile nationally, with solid access to restaurants, parks, childcare, and daily needs. This supports resident convenience and helps underpin leasing velocity and retention compared with many U.S. neighborhoods.
Neighborhood occupancy is 93.8%, with minimal movement over five years, indicating steady renter demand rather than sharp cyclicality. The renter-occupied share is 64.3% (share of housing units), signaling a deep tenant base that typically supports leasing stability for mid-size assets.
Home values in the area are elevated relative to national norms, and neighborhood-level rents are also above typical U.S. levels. For investors, the high-cost ownership market tends to reinforce reliance on multifamily housing, supporting pricing power while warranting thoughtful lease management to monitor affordability pressure.
Within a 3-mile radius, demographics show modest recent population softness but an increase in households and smaller average household size, expanding the pool of potential renters. Forecasts point to additional household growth by 2028, which can translate into a larger tenant base and support for occupancy. Income levels are comparatively strong for the metro, which can aid rent collections and renewal performance.
The average neighborhood construction year is 1997, while this asset was built in 2007. Being newer than much of the surrounding stock can enhance competitive positioning versus older properties; investors should still plan for mid-life system updates and targeted modernization to defend rents over the hold period.
Notable considerations include average-to-weak school ratings at the neighborhood level and mid-pack positioning within the San Jose–Sunnyvale–Santa Clara metro (ranked 50 among 344 neighborhoods overall), which is competitive among metro peers without being top-tier. On balance, the mix of amenity access, renter concentration, and job proximity creates an investable setting for multifamily operations.
Neighborhood safety indicators are mixed relative to benchmarks. Within the San Jose–Sunnyvale–Santa Clara metro, the neighborhood’s overall crime positioning sits around the metro median (ranked 162 among 344 neighborhoods), while national comparisons place it below the safer half of U.S. neighborhoods. Investors should underwrite prudent security measures and resident communication.
Trend data from WDSuite shows meaningful year-over-year declines in both property and violent offense rates, indicating recent improvement momentum. While national percentile readings still point to a less favorable safety profile than many U.S. neighborhoods, the downward trend in incidents is a constructive signal to monitor over time.
Proximity to major technology and corporate employers supports a deep renter pool and commute convenience, helping stabilize leasing. Key nearby employers include PayPal, Verizon, Adobe Systems, Nvidia, and Intel.
- PayPal — fintech (1.2 miles) — HQ
- Verizon — telecommunications (2.1 miles)
- Adobe Systems — software (2.3 miles)
- Nvidia — semiconductors (3.2 miles) — HQ
- Intel — semiconductors (3.5 miles) — HQ
This 2007, 35-unit asset sits in a San Jose neighborhood with steady occupancy, a high renter-occupied share, and strong amenity access that supports resident retention. Elevated home values in the area sustain reliance on rental housing, while household growth within a 3-mile radius points to a larger tenant base over time. Based on CRE market data from WDSuite, neighborhood-level rents and incomes trend above national norms, supporting collections while calling for attentive affordability and renewal management.
Being newer than much of the surrounding stock can enhance competitive positioning against older assets, though investors should budget for mid-life capital items and selective modernization to maintain rent premiums. Exposure to large tech employers nearby is a demand driver, but it also merits attention to sector cyclicality and safety perceptions at the neighborhood level.
- Steady neighborhood occupancy and a 64%+ renter-occupied share support leasing stability
- High-cost ownership market reinforces rental demand and pricing power
- 2007 vintage offers competitive positioning versus older local stock, with planned mid-life capex
- Deep nearby employer base (PayPal, Adobe, Nvidia, Intel) underpins renter pool
- Risks: safety perception, school ratings, and tech-cycle exposure warrant conservative underwriting