| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 81st | Best |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3650 S Bascom Ave, San Jose, CA, 95124, US |
| Region / Metro | San Jose |
| Year of Construction | 1981 |
| Units | 79 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3650 S Bascom Ave, San Jose Multifamily Investment
Positioned in a high-cost ownership pocket of San Jose, the asset benefits from durable renter demand and an educated workforce, according to WDSuite’s CRE market data. Neighborhood occupancy trends are steady near national norms, supporting stable lease performance.
The property sits within San Jose’s Urban Core, where grocery access is a clear strength: the neighborhood ranks 37 out of 344 metro neighborhoods for grocery density, placing it in the top quartile nationally. Dining options are also competitive among San Jose-Sunnyvale-Santa Clara neighborhoods (restaurant density rank 125 of 344), while cafés, parks, and pharmacies are thinner inside the neighborhood footprint—suggesting daily needs are well served, with some lifestyle amenities accessed in nearby districts.
Construction in the area averages 1985. With a 1981 vintage, this asset is slightly older than the neighborhood norm—an investor consideration for targeted capital improvements and value-add upgrades that can sharpen competitive positioning against newer stock.
Renter-occupied housing represents roughly two-fifths of neighborhood units (occupancy rental share 38.8%), indicating a meaningful tenant base for multifamily demand rather than a predominantly ownership-only market. Neighborhood occupancy is 91.6%, around the national median, which can support leasing stability without relying on outsized rent steps.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue expanding by the latter part of the decade, pointing to a larger tenant base and continued renter pool expansion. High educational attainment (nationally strong by percentile) and elevated incomes relative to many U.S. neighborhoods underpin premium rent levels, while a rent-to-income ratio near 20% at the neighborhood level suggests manageable affordability pressure, aiding retention and lease management. Elevated home values (top national percentile) define a high-cost ownership market, which typically sustains reliance on rental housing and supports pricing power for well-positioned multifamily assets.
Safety indicators trend below national medians in this neighborhood. Based on WDSuite’s data, the area ranks 273 out of 344 San Jose-Sunnyvale-Santa Clara neighborhoods for overall crime, indicating weaker relative safety within the metro and a national safety percentile below the midpoint. Property and violent offense metrics likewise sit below national medians.
For investors, this points to practical risk management considerations such as security features, lighting, and tenant communication. Monitoring trend direction and comparing to nearby submarkets can help calibrate underwriting assumptions without overstating block-level conclusions.
The employment base nearby is anchored by large technology firms, supporting commuter convenience and sustained renter demand for workforce housing tied to Netflix, eBay, Apple sites, and Adobe. The following employers reflect the immediate demand drivers by proximity.
- Netflix — streaming media (0.98 miles) — HQ
- eBay — e-commerce (2.56 miles) — HQ
- Apple - Stevens Creek 8 — technology offices (5.41 miles)
- Adobe Systems — software (5.60 miles)
- Apple - Tantau 14 — technology offices (5.87 miles)
3650 S Bascom Ave combines a high-cost ownership setting with steady neighborhood occupancy, yielding durable renter demand in a supply-constrained Silicon Valley location. According to CRE market data from WDSuite, the neighborhood’s rent levels and income profile support premium positioning, while grocery and dining access are competitive within the metro. With a 1981 construction vintage—slightly older than the local average—there is clear scope for targeted renovations to capture value-add upside and improve relative competitiveness.
Within a 3-mile radius, population and household growth are projected to expand the renter pool through the forecast period, reinforcing absorption potential. Proximity to major employers such as Netflix, eBay, Apple, and Adobe supports tenant retention and lease stability, while the neighborhood’s rent-to-income dynamics suggest room for disciplined revenue management. Key risks include below-median safety indicators and selective amenity gaps (e.g., limited parks and cafés within the immediate footprint), which can be mitigated through asset-level enhancements and targeted marketing.
- High-cost ownership market sustains rental demand and supports pricing power for well-positioned assets.
- 1981 vintage offers value-add potential via renovations and systems upgrades to improve competitiveness.
- Competitive grocery and dining access plus proximity to Netflix, eBay, Apple, and Adobe bolster leasing.
- 3-mile population and household growth support a larger tenant base and occupancy stability over time.
- Risks: below-median safety indicators and some amenity gaps; plan for security, activation, and conservative underwriting.