| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 53rd | Poor |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3801 Blackford Ave, San Jose, CA, 95117, US |
| Region / Metro | San Jose |
| Year of Construction | 1974 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3801 Blackford Ave San Jose Multifamily Investment
Situated in a high-cost ownership pocket of San Jose, the asset benefits from deep renter demand and proximity to major tech employment, according to WDSuite’s CRE market data. Neighborhood-level occupancy trends are competitive but not peak, emphasizing the importance of disciplined operations and tenant retention.
This Urban Core neighborhood in San Jose balances strong income levels with robust daily conveniences. Childcare, restaurant, and cafe density rank well versus U.S. peers, while parks and pharmacies are limited locally—an amenity mix that supports weekday utility more than recreation. Average school ratings sit below the national median, which can modestly influence family renter expectations but does not typically deter the large professional renter base.
For investors, rent levels in the neighborhood are in the top decile nationally, while occupancy (measured at the neighborhood level, not the property) tracks below the national median. That combination points to pricing power supported by incomes, but also to competitive leasing conditions that reward customer service and renewal strategy.
Renter-occupied share at the neighborhood level is in the top decile nationally, signaling a deep tenant base and steady multifamily demand. Median household income ranks above most U.S. neighborhoods, and the rent-to-income profile indicates manageable affordability pressure relative to other high-cost markets—factors that can support retention and collections through cycles.
Within a 3-mile radius, recent years show essentially flat population with an increase in households and smaller average household sizes. Forward-looking projections indicate additional household growth through 2028, which expands the near-term renter pool and supports occupancy stability. Elevated home values in the neighborhood (top percentile nationally) reinforce reliance on multifamily housing, underpinning leasing velocity even as new product competes for tenants.
Neighborhood safety performs below the national median when compared with U.S. neighborhoods, based on WDSuite’s data. However, both violent and property offense rates have moved lower over the past year, an improvement trajectory that investors can factor into underwriting while still maintaining prudent assumptions.
Within the San Jose–Sunnyvale–Santa Clara metro (344 neighborhoods), conditions vary by corridor. A site walk and local management insights remain important for assessing nighttime activity and security needs, but recent downward trends suggest incremental tailwinds rather than deterioration.
Proximity to Apple campuses and eBay headquarters supports a deep, high-wage renter base and short commute times—drivers of leasing stability and renewal probability for workforce and professional renters.
- Apple - Stevens Creek 8 — technology offices (2.1 miles)
- Apple - Tantau 14 — technology offices (2.4 miles)
- Ebay — e-commerce (2.7 miles) — HQ
- Apple — technology (3.6 miles)
- Apple — technology (3.6 miles) — HQ
3801 Blackford Ave is positioned in a high-income, renter-heavy pocket of San Jose where elevated ownership costs sustain multifamily demand. Neighborhood-level rents rank among the highest nationally, while occupancy sits below the national median, suggesting that disciplined operations and renewal-focused asset management are key to driving stable NOI. According to CRE market data from WDSuite, the area’s amenity mix favors daily services and dining, and recent offense rates have trended lower year over year.
Within a 3-mile radius, households are projected to increase alongside smaller average household sizes—conditions that expand the renter pool and support leasing. The concentration of nearby tech employers adds depth to the tenant base and can help sustain absorption and retention, even as competing assets come online. Risks include modest school ratings and limited park/pharmacy access at the neighborhood level, which call for targeted amenity programming and resident engagement.
- High renter concentration and elevated local incomes support demand and collections
- Top-decile neighborhood rents provide pricing power with effective lease management
- Growing households within 3 miles point to a larger tenant base and absorption support
- Proximity to major tech employers underpins leasing stability and renewal potential
- Risks: below-median neighborhood occupancy, modest school ratings, and limited parks/pharmacies