| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Good |
| Demographics | 40th | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 399 East Ct, San Jose, CA, 95116, US |
| Region / Metro | San Jose |
| Year of Construction | 2003 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
399 East Ct San Jose 80-Unit Multifamily
Neighborhood occupancy is elevated with a sizable renter base, according to WDSuite’s CRE market data, indicating durable demand in a high-cost ownership market that can support steady leasing.
Located in San Jose’s Urban Core, the surrounding neighborhood scores a B and ranks 143 out of 344 metro neighborhoods, positioning it above the metro median for overall fundamentals. Amenity access is a relative strength — the area is top quartile among 344 metro neighborhoods and 79th percentile nationally, with groceries (99th percentile), restaurants (98th), cafes (93rd), parks (92nd), and pharmacies (92nd) concentrated nearby. Childcare options are more limited within the immediate neighborhood, which investors should factor into family-oriented leasing strategies.
Multifamily performance indicators are constructive. Neighborhood occupancy is competitive among San Jose-Sunnyvale-Santa Clara neighborhoods (ranked 92 of 344; 86th percentile nationally), and the share of housing units that are renter-occupied is high at 64.4% (95th percentile nationally), supporting depth of tenant demand and potential retention. Median contract rents and household incomes sit well above national norms, which sustains pricing but warrants attentive lease management to monitor affordability pressure.
Within a 3-mile radius, demographics show households inching higher while population trends modestly lower, implying smaller average household sizes and a stable-to-expanding renter pool over the medium term. Income distribution is skewed toward higher-earning households, and elevated home values (98th percentile value-to-income ratio) characterize a high-cost ownership market — dynamics that typically reinforce reliance on multifamily rentals and support occupancy stability.
The neighborhood’s housing stock skews older (average vintage 1971), which can benefit a 2003-built asset through relative competitiveness on finishes, systems, and curb appeal, though investors should still plan for mid-life capital items and selective modernization to match nearby Class B/B+ demand.
Safety signals are mixed but improving. The neighborhood’s overall crime position is competitive among 344 San Jose metro neighborhoods and around the national midpoint (51st percentile). According to WDSuite’s data, estimated violent and property offense rates have posted notable year-over-year declines, placing these trend improvements in the upper tiers nationally, which supports investor confidence in day-to-day operations without overstating block-level conditions.
Proximity to major technology and corporate employers supports a deep commuter tenant base and leasing resilience. Nearby anchors include Adobe, PayPal, Qualcomm, Avnet, and Verizon, offering convenient access for residents employed across software, payments, and communications.
- Adobe Systems — software (2.15 miles)
- Paypal Holdings — payments (3.24 miles) — HQ
- Qualcomm — semiconductor & wireless (3.73 miles)
- Avnet — electronics distribution (3.93 miles)
- Verizon — communications (4.04 miles)
399 East Ct is an 80-unit, 2003-vintage community positioned in a renter-heavy Urban Core submarket where occupancy is competitive across the metro and top quartile nationally. Elevated home values and strong household incomes underpin sustained renter reliance, while the surrounding neighborhood’s robust amenity fabric adds lifestyle appeal that supports lease-up and retention. Based on commercial real estate analysis from WDSuite, this combination points to durable demand with room for value-add through targeted upgrades appropriate for an early-2000s asset.
Forward-looking demographics within a 3-mile radius indicate more households even as average household size trends down, which typically expands the renter pool and supports occupancy stability. Risks to underwrite include affordability pressure at higher rent levels, mixed school ratings, and the need for mid-life capital planning; however, proximity to major employers and a deep amenities base provide counterweights that can sustain cash flow.
- Renter-heavy neighborhood and competitive occupancy support stable leasing
- 2003 vintage offers relative edge over older stock with selective upgrade upside
- High-cost ownership market reinforces multifamily demand and retention potential
- Amenity-rich Urban Core location near major employers sustains tenant demand
- Risks: affordability pressure, mixed school ratings, and ongoing capital needs