| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Good |
| Demographics | 55th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5300 Terner Way, San Jose, CA, 95136, US |
| Region / Metro | San Jose |
| Year of Construction | 2002 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5300 Terner Way, San Jose CA Multifamily Investment
Neighborhood fundamentals show competitive occupancy and a sizable renter base nearby, according to WDSuite’s CRE market data, supporting stable leasing for well-positioned assets. Strong local incomes and a high-cost ownership market point to sustained renter reliance on multifamily housing.
5300 Terner Way sits in an Urban Core pocket that is competitive among San Jose-Sunnyvale-Santa Clara neighborhoods (rank 96 of 344). The property’s 2002 vintage is newer than the neighborhood’s average construction year of 1978, which can position it favorably versus older stock while still warranting targeted system upgrades or modernization as part of capital planning.
Local livability indicators are strong for daily needs: grocery and park access trend in the top quartile nationally, and restaurants and cafés score well above national medians. These amenity concentrations can support resident retention and leasing velocity, particularly for workforce households seeking convenience.
For investors evaluating demand, the neighborhood’s renter-occupied share is 45.8%, indicating meaningful depth in the tenant base. Occupancy is competitive among metro peers, and median contract rent benchmarks in the mid-90s national percentile range, while the neighborhood rent-to-income ratio around 0.21 suggests measured affordability pressure relative to local incomes—factors that can support pricing power with attentive lease management.
Within a 3-mile radius, demographics show essentially flat population change over the past five years with modest gains in households and higher-income cohorts. Forward-looking data indicates a projected increase in household counts alongside a smaller average household size, pointing to a larger tenant base and steady multifamily demand even if population growth is subdued. Home values rank in the high-90s nationally, reflecting a high-cost ownership market that reinforces multifamily as a practical option for many residents.
School ratings in the immediate neighborhood average on the lower end, which can be a consideration for family-oriented renters; however, the broader amenity and employment access profile often offsets this for adult and workforce segments.
Safety metrics for the neighborhood trend around the metro middle (crime rank 145 of 344), placing it near national median levels overall. Importantly, both violent and property offense rates have declined materially year over year, with improvement trends in the upper tiers nationally, signaling recent momentum rather than a static snapshot.
Investors should frame safety in comparative terms across San Jose submarkets and track trend direction; continued declines, if sustained, can support resident retention and reduce turnover-related costs. As always, asset-level measures (lighting, access control, and onsite management practices) remain key to outcomes.
Proximity to major technology and corporate employers underpins workforce housing demand and commute convenience for residents, notably to e-commerce, software, and payments firms.
- eBay — e-commerce (4.4 miles) — HQ
- Adobe Systems — software (5.4 miles)
- Netflix — streaming/media (5.6 miles) — HQ
- IBM Silicon Valley Lab — enterprise technology (7.5 miles)
- PayPal Holdings — digital payments (8.9 miles) — HQ
This 28-unit asset benefits from strong Urban Core fundamentals and a renter base supported by high local incomes and a high-cost ownership landscape. Neighborhood occupancy trends are competitive among metro peers, and rent-to-income metrics indicate balanced affordability for income-qualified renters—key to lease stability and retention. Based on CRE market data from WDSuite, amenity access (groceries, parks, cafés) is a relative strength that can support absorption and renewal rates.
Built in 2002, the property is newer than the area’s average vintage (1978), which can reduce near-term obsolescence risk versus older comparables while still inviting value-add through targeted interior upgrades and systems refresh. Within a 3-mile radius, household counts are projected to rise even as average household size trends lower, implying a larger renter pool over time. Coupled with proximity to major employers, the demand backdrop supports a durable multifamily thesis, with attention warranted to school quality perceptions and continued monitoring of neighborhood safety trends.
- Competitive occupancy and strong amenity access support leasing stability
- 2002 vintage offers relative competitiveness with value-add upgrade potential
- High ownership costs and solid incomes reinforce renter reliance on multifamily
- 3-mile radius shows rising household counts and a broadening tenant base
- Risks: lower school ratings and mid-pack safety require active asset management