| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 58th | Fair |
| Amenities | 52nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5325 Wong Dr, San Jose, CA, 95123, US |
| Region / Metro | San Jose |
| Year of Construction | 1986 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5325 Wong Dr, San Jose Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by a sizable renter-occupied housing base, according to WDSuite’s CRE market data. The area’s high-cost ownership market helps sustain leasing velocity and retention for well-managed assets.
Situated in San Jose’s Urban Core, the property benefits from neighborhood occupancy near the mid‑90s, indicating stable renter demand at the neighborhood level rather than for any single asset. Renter-occupied housing accounts for a meaningful share of units, signaling a deep tenant base that can support leasing continuity across cycles.
Daily needs are convenient with grocery and pharmacy access performing above many areas nationally, while cafes and parks are less dense. Public schools in the neighborhood rate above national norms (top quartile nationally), a supportive signal for family-oriented renter demand and longer tenures.
Within a 3‑mile radius, households have grown in recent years and are projected to increase further even as average household size trends lower. That combination points to a broader tenant base and more households entering the market, which can support occupancy stability and steady absorption for multifamily.
The surrounding ownership market is high-cost relative to incomes, which tends to sustain reliance on rental housing and supports pricing power for competitively positioned properties. The asset’s 1986 construction is newer than the neighborhood’s average vintage, offering a relative edge versus older stock, while still warranting targeted system updates or value‑add improvements where appropriate.
Neighborhood safety indicators sit below the national median, placing the area around the middle of San Jose’s 344 neighborhoods rather than among its lowest-risk pockets. Recent trends show property-related incidents improving year over year, a constructive directional signal, though monitoring remains prudent.
In metro context, this translates to conditions that are competitive among some San Jose neighborhoods but not top tier. Investors should underwrite routine security and lighting enhancements and emphasize resident engagement to help support retention and on‑site quality.
Proximity to major tech employers supports a large, diversified renter pool and commute convenience for knowledge workers, including roles at eBay, IBM Silicon Valley Lab, Adobe Systems, Netflix, and PayPal Holdings.
- eBay — technology HQ (5.9 miles) — HQ
- IBM Silicon Valley Lab — technology R&D (6.2 miles)
- Adobe Systems — software (6.2 miles)
- Netflix — streaming & media (7.3 miles) — HQ
- PayPal Holdings — fintech (9.7 miles) — HQ
5325 Wong Dr is a 1986‑vintage, 108‑unit asset positioned in a neighborhood with solid occupancy and a meaningful renter concentration. The high-cost ownership landscape reinforces rental demand, while household growth within a 3‑mile radius points to a larger tenant base even as average household size trends downward. Based on CRE market data from WDSuite, the neighborhood’s occupancy sits above many national peers, supporting an underwriting view centered on leasing stability for well‑maintained product.
Relative to older local stock, a mid‑80s vintage offers competitive positioning with potential to capture value through selective renovations and system modernization. Investors should balance pricing power from sustained renter reliance with prudent lease management to navigate affordability pressure and mid‑market safety positioning.
- Neighborhood occupancy and renter concentration support durable leasing fundamentals
- High-cost ownership market sustains rental demand and pricing power
- 1986 vintage provides competitive edge versus older stock with value‑add potential
- 3‑mile household growth and shifting household sizes expand the tenant base
- Risk: safety metrics sit below national median; manage via security, lighting, and resident engagement