| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Good |
| Demographics | 33rd | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 513 Branham Ln E, San Jose, CA, 95111, US |
| Region / Metro | San Jose |
| Year of Construction | 1992 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
513 Branham Ln E San Jose Multifamily Investment
This 41-unit property built in 1992 sits in a neighborhood with strong occupancy fundamentals at 97.2%, supported by Silicon Valley's tech employment base according to CRE market data from WDSuite.
Located in San Jose's urban core, this neighborhood demonstrates solid rental market fundamentals with 97.2% occupancy rates, ranking in the top quartile among 344 metro neighborhoods. The area maintains a substantial rental base with 48.8% of housing units occupied by renters, supporting consistent tenant demand for multifamily properties.
Demographics within a 3-mile radius show a stable tenant pool with 154,773 residents and average household income of $137,317. The population includes 24.1% in the key 18-34 demographic and 41% in the prime 35-64 working age group. Forecasted household growth of 32.4% through 2028 suggests expanding renter demand, while median contract rents of $2,613 indicate strong pricing power in the submarket.
Built in 1992, the property aligns with the neighborhood's average construction vintage of 1978, positioning it competitively within the local housing stock. Home values averaging $935,429 with a 9.2 value-to-income ratio reinforce rental demand as elevated ownership costs sustain renter reliance on multifamily housing. Essential amenities including grocery stores and childcare facilities serve the area, with restaurant density supporting neighborhood appeal for tenant retention.
The neighborhood's safety profile shows mixed indicators that require careful consideration for investment planning. Property crime rates rank 233rd among 344 metro neighborhoods, placing the area in the lower-middle tier for property offenses. Violent crime rates rank 267th of 344 neighborhoods, indicating elevated incidents compared to metro averages.
Both property and violent crime rates increased modestly over the past year, with property offenses up 1.7% and violent incidents rising 15.4%. These trends suggest ongoing security considerations for property management and tenant retention strategies, though the neighborhood maintains occupancy levels above metro norms despite these challenges.
The property benefits from proximity to major Silicon Valley employers, providing workforce housing for technology professionals within commuting distance of established corporate campuses.
- IBM Silicon Valley Lab — technology services (5.9 miles)
- Adobe Systems — software development (6.5 miles)
- Ebay — e-commerce platform (6.8 miles) — HQ
- Netflix — streaming media (8.6 miles) — HQ
- Paypal Holdings — financial technology (9.8 miles) — HQ
This 41-unit property presents a compelling investment opportunity anchored by Silicon Valley's employment base and strong neighborhood occupancy fundamentals. The 97.2% occupancy rate ranks in the top quartile among San Jose metro neighborhoods, indicating consistent tenant demand despite broader market pressures. Built in 1992, the property offers potential value-add opportunities through strategic capital improvements while maintaining competitive positioning within the local vintage profile.
Demographic projections show household growth of 32.4% through 2028 within the 3-mile radius, expanding the potential tenant base as median household incomes rise to forecasted levels of $188,316. High home values with a 9.2 value-to-income ratio reinforce rental demand as ownership costs sustain renter reliance on multifamily housing. The concentration of major technology employers within 10 miles provides employment stability for the tenant base, though investors should monitor crime trends and consider security enhancements as part of the investment strategy.
- Strong occupancy fundamentals at 97.2%, top quartile among metro neighborhoods
- Proximity to major Silicon Valley employers supports tenant demand
- Projected household growth of 32.4% through 2028 expands renter pool
- Value-add potential through 1992 vintage property improvements
- Risk consideration: Crime trends require security planning and tenant retention focus