| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 42nd | Poor |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3770 McKee Rd, San Jose, CA, 95127, US |
| Region / Metro | San Jose |
| Year of Construction | 1979 |
| Units | 20 |
| Transaction Date | 2005-01-28 |
| Transaction Price | $1,435,000 |
| Buyer | NAGPAL RAMCHAND B |
| Seller | HANSRA RANJIT S |
3770 McKee Rd, San Jose Multifamily Investment
Neighborhood occupancy trends in the mid‑90% range support leasing stability, according to WDSuite’s CRE market data, while elevated ownership costs in Santa Clara County help sustain renter demand.
Located in San Jose’s Urban Core, the neighborhood ranks 260 out of 344 within the metro, placing it below the metro median overall but with several investor-friendly fundamentals. Grocery and restaurant access is competitive at the neighborhood level (both near the top quartile nationally), which supports everyday convenience and renter appeal, while limited parks, pharmacies, and cafes signal fewer passive amenities nearby.
For multifamily demand, WDSuite’s CRE market data shows neighborhood occupancy around 94% (above the national median), which can support income consistency when paired with prudent leasing and renewal strategies. The share of renter‑occupied housing units is roughly two out of five at the neighborhood level, indicating a meaningful tenant base without oversaturation. Median contract rents benchmark in a higher national percentile, so owners should manage pricing alongside retention to protect occupancy.
Within a 3‑mile radius, demographic statistics indicate recent population softening but rising household incomes and a larger share of higher‑earning households, which can underpin rent collections and reduce volatility. Projections show household counts increasing even as total population contracts, implying smaller household sizes and a steady renter pool that can support occupancy stability and lease renewal performance.
Ownership costs are elevated relative to incomes (high national percentile for home values), reinforcing renter reliance on multifamily housing and supporting depth of demand. Average school ratings in the area trend below national medians, which may narrow the appeal for some family renters; operators may lean more on convenience, commute access, and pricing discipline to sustain leasing velocity.
Safety indicators are mixed in context. Nationally, the neighborhood scores above average (around the 60th percentile for safety compared with neighborhoods nationwide), while within the San Jose–Sunnyvale–Santa Clara metro its crime position (ranked 61 out of 344, where lower rank indicates higher reported crime) suggests it is not among the metro’s safest clusters. For investors, this points to a need for standard on‑site management practices and lighting/security measures to support resident comfort and retention.
Year over year, both property and violent offense estimates have declined sharply according to WDSuite’s CRE market data, an encouraging directional trend. Framing safety in leasing materials should emphasize community standards and visible upkeep without making block‑level claims.
The area draws from a diversified tech and corporate employment base that supports renter demand through commute convenience and wage strength. Nearby anchors include Qualcomm, Adobe Systems, Bristol‑Myers Squibb (BDC), PayPal, and Sanmina.
- Qualcomm — corporate offices (4.7 miles)
- Adobe Systems — corporate offices (4.8 miles)
- Bristol-Myers Squibb, BDC — corporate offices (5.0 miles)
- Paypal Holdings — corporate offices (5.1 miles) — HQ
- Avnet — corporate offices (5.3 miles)
- Sanmina — corporate offices (5.6 miles) — HQ
- Verizon — corporate offices (5.8 miles)
- Charles Schwab — corporate offices (6.1 miles)
- Cisco - McCarthy Ranch 1 — corporate offices (6.3 miles)
- Hewlett Packard Enterprise — corporate offices (6.6 miles)
3770 McKee Rd sits in a high‑cost ownership market within Santa Clara County, where elevated home values and strong household incomes tend to reinforce reliance on rental housing. Neighborhood occupancy trends hover above national medians and renter‑occupied share is meaningful, indicating a sizable tenant base. According to CRE market data from WDSuite, rent levels benchmark high nationally, so operators that balance pricing with renewal incentives can preserve occupancy and cash flow durability.
Employment access to major tech and corporate nodes broadens the prospective renter pool, while within a 3‑mile radius demographic projections point to rising household counts even as population contracts — a pattern consistent with smaller household sizes that can sustain multifamily demand. Amenity mix favors daily needs (groceries, restaurants) more than lifestyle (parks, cafes), which places a premium on property-level services, maintenance, and curb appeal to drive leasing velocity.
- High-cost ownership market supports sustained renter demand and pricing power
- Neighborhood occupancy above national median underpins income stability
- Proximity to major employers expands the renter pool and retention prospects
- Daily-needs amenities (groceries, restaurants) enhance renter convenience
- Risks: below-median school ratings and limited parks/cafes may narrow appeal; manage rents to balance retention amid high rent benchmarks