| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 26th | Poor |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 36 N Jackson Ave, San Jose, CA, 95116, US |
| Region / Metro | San Jose |
| Year of Construction | 1986 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
36 N Jackson Ave San Jose Multifamily Investment Opportunity
Renter demand is supported by a high renter-occupied share in the surrounding neighborhood and occupancy levels that trend above national norms, according to WDSuite’s CRE market data. The asset’s Silicon Valley location offers steady leasing fundamentals with proximity to major employers.
Located in San Jose’s Urban Core, the neighborhood shows competitive access to everyday needs, with grocery availability performing above the metro median and pharmacies in the top quartile nationally. Restaurant density is also competitive among San Jose–Sunnyvale–Santa Clara neighborhoods, while parks and café counts are limited — an amenity mix that tends to favor convenience over recreation and boutique retail.
For investors screening stability, neighborhood multifamily occupancy is above the national midpoint, and the share of housing units that are renter-occupied is among the highest in the metro (71%+). This renter concentration indicates a deep tenant base that can support leasing continuity and renewal capture, though pricing decisions should consider household income dispersion and retention.
Home values sit in a high-cost ownership market relative to incomes (top national percentiles), which typically sustains reliance on multifamily rentals and supports lease retention. Median asking rents in the area have increased over the past five years and remain elevated for the region, reinforcing the need for disciplined affordability management to protect occupancy and limit turnover.
Within a 3-mile radius, recent years show population contraction alongside smaller average household sizes, while the number of households is projected to grow through the forecast period. For multifamily, this points to a potentially larger tenant base and supports occupancy stability, especially for well-managed, mid-size assets serving workforce renters.
Safety indicators are mixed. Overall crime levels benchmark near the national midpoint, while national percentiles for property and violent offenses indicate the area experiences more incidents than many U.S. neighborhoods. Recent year-over-year trend data shows meaningful improvement in both categories, suggesting conditions have been moving in a positive direction.
At the metro level (344 neighborhoods), the area sits in the broad middle tier. For investors, this calls for standard security and management protocols (lighting, access control, active monitoring) to support resident retention and protect NOI while benefiting from improving trendlines.
The property benefits from proximity to a diversified employment base that supports renter demand and reduces commute friction, including software, fintech, semiconductors, electronics distribution, and advanced manufacturing. The following nearby employers anchor the daytime population and underpin leasing fundamentals:
- Adobe Systems — software (3.4 miles)
- Paypal Holdings — fintech (4.5 miles) — HQ
- Qualcomm — semiconductors (4.6 miles)
- Avnet — electronics distribution (4.9 miles)
- Sanmina — electronics manufacturing (5.1 miles) — HQ
Built in 1986, the asset is slightly newer than the neighborhood average, offering a competitive position versus older stock while still warranting targeted modernization for systems and finishes. Neighborhood indicators point to durable rental demand: renter-occupied housing share is among the metro’s highest, occupancy trends run above national medians, and elevated ownership costs in Santa Clara County reinforce reliance on multifamily housing. According to CRE market data from WDSuite, rent levels in the area have moved up over five years, supporting revenue potential if paired with careful affordability management.
Within a 3-mile radius, the outlook shows a shift toward more households even as population trends flatten, implying smaller households and a broader renter pool. Combined with proximity to major Silicon Valley employers, the property’s scale (±40 units) and location support leasing stability, with potential upside from value-add improvements that enhance retention and push achieved rents within market constraints.
- High renter-occupied share supports a deep tenant base and renewal capture
- Occupancy trends above national midpoints with strong employment access
- 1986 vintage offers value-add/modernization pathways to enhance NOI
- Elevated home values bolster rental reliance and pricing power
- Risks: mixed safety metrics, limited park/café amenities, and affordability pressure require active lease management