| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Good |
| Demographics | 55th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4984 Severance Dr, San Jose, CA, 95136, US |
| Region / Metro | San Jose |
| Year of Construction | 1993 |
| Units | 79 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4984 Severance Dr, San Jose Multifamily Investment
Neighborhood occupancy trends are solid and renter demand is reinforced by a high-cost ownership market, according to WDSuite’s CRE market data, supporting a durable income profile for a 79-unit asset.
The property sits in an Urban Core pocket of San Jose that is competitive among San Jose–Sunnyvale–Santa Clara neighborhoods and rates B+ overall. Neighborhood occupancy is in the top quartile nationally, suggesting resilient leasing and relatively limited downtime between turns, per WDSuite’s commercial real estate analysis.
Access to daily needs is a clear strength: the area scores high nationally for grocery access and park density, with a strong mix of restaurants and cafes supporting renter convenience and lifestyle. These amenity concentrations compare favorably to many neighborhoods nationwide and can aid retention.
Renter concentration is material at roughly 46% of housing units being renter-occupied, indicating depth in the tenant base for multifamily assets. Median asking rents in the neighborhood track in the upper range versus both metro and national figures, while rent-to-income levels point to manageable affordability pressure relative to typical Bay Area benchmarks.
Within a 3-mile radius, the population is stable with modest growth expected and households projected to increase over the next five years, implying a slow expansion of the renter pool. High home values in this part of Santa Clara County signal a high-cost ownership market, which tends to sustain demand for well-located rental housing and can support occupancy stability.
The building’s 1993 vintage is newer than the neighborhood’s average construction year (late 1970s), positioning it competitively versus older stock; investors should still plan for system updates and modernization to meet current resident expectations.
Safety indicators for the neighborhood are around the metro average overall and roughly mid-pack nationally. According to WDSuite’s data, recent year-over-year trends show declining estimated rates for both violent and property offenses, indicating improvement versus many U.S. neighborhoods. While property crime levels remain elevated compared to higher-percentile areas, the directionality has been favorable.
As always, investors should evaluate property-level measures (lighting, controlled access, and on-site management practices) alongside neighborhood trends when underwriting retention and operating expenses.
Proximity to major tech employers underpins steady renter demand by shortening commutes for a diversified workforce. Nearby hubs include eBay, Adobe, Netflix, IBM’s Silicon Valley Lab, and PayPal.
- eBay — e-commerce marketplace (4.3 miles) — HQ
- Adobe Systems — software (5.1 miles)
- Netflix — streaming & studios (5.6 miles) — HQ
- IBM Silicon Valley Lab — enterprise software & research (7.7 miles)
- PayPal Holdings — digital payments (8.6 miles) — HQ
4984 Severance Dr offers a 79-unit, 1993-vintage asset in a competitive San Jose neighborhood where occupancy performance is strong and renter demand is supported by a high-cost ownership landscape. The property’s vintage is newer than much of the surrounding stock, providing relative competitiveness while leaving room for targeted upgrades to drive rent positioning and operating durability.
Within a 3-mile radius, stable population with projected household growth points to a gradually expanding tenant base. High local home values tend to sustain reliance on rental housing, and amenity access (groceries, parks, restaurants, cafes) supports retention. According to CRE market data from WDSuite, neighborhood occupancy ranks above many U.S. areas and compares well within the metro, aligning with an income-focused hold where capital planning targets modernization rather than heavy repositioning.
- 1993 vintage is newer than neighborhood average, supporting competitive positioning with manageable modernization scope
- Occupancy trends in the neighborhood are above national norms, supporting cash flow stability
- High ownership costs in Santa Clara County reinforce depth of renter demand and leasing resilience
- Amenity-rich location (groceries, parks, dining, cafes) aids retention and rent management
- Risks: school ratings trend below national averages and safety metrics are around metro median; active management and resident experience programs remain important