| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Good |
| Demographics | 44th | Poor |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 570 Keyes St, San Jose, CA, 95112, US |
| Region / Metro | San Jose |
| Year of Construction | 2006 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
570 Keyes St, San Jose CA — 2006 Multifamily with Deep Renter Base
Neighborhood occupancy trends are steady and renter concentration is strong, suggesting durable tenant demand; based on CRE market data from WDSuite, this location offers competitive positioning versus older nearby stock.
The property’s 2006 vintage is newer than the neighborhood’s typical 1970s era buildings, which can support leasing competitiveness versus older inventory while still warranting periodic system updates and common-area refreshes for positioning. Median home values in the neighborhood are elevated relative to national norms, which generally sustains reliance on rentals and can aid retention for well-managed assets.
Local amenities skew toward daily needs: grocery access is a relative strength (near the top nationally), and restaurants are plentiful, while cafes and pharmacies are less dense. For residents, this mix supports convenience for essentials and dining, though investors should expect some tenants to travel slightly farther for specialty services. School ratings reported for the immediate neighborhood are limited, so operators may lean more on unit features and commute access in marketing.
Neighborhood-level housing indicators are solid: occupancy is above the national median according to WDSuite’s CRE market data, and the share of housing units that are renter-occupied is high (among the highest nationally). For investors, that points to a deep tenant pool and stable multifamily usage in the area. The neighborhood’s housing performance also ranks above metro median among 344 San Jose–Sunnyvale–Santa Clara neighborhoods, reinforcing competitive standing within the metro.
Within a 3-mile radius, households have grown modestly despite a slight population dip, reflecting smaller household sizes and more units in use—both supportive of multifamily demand depth. Income levels have risen and are projected to continue increasing, and rents have trended upward with further increases forecast, signaling ongoing pricing power for well-located assets while underscoring the importance of affordability management and renewal strategies.
Crime conditions in the neighborhood are around the national midpoint overall, with violent and property offense rates elevated versus many U.S. neighborhoods but showing notable year-over-year improvement. Compared with the San Jose–Sunnyvale–Santa Clara metro’s 344 neighborhoods, the area sits roughly mid-pack, and recent declines in both violent and property offenses indicate improving trends rather than deterioration.
Investors should weigh these comparative metrics in underwriting, emphasizing on-site security, lighting, and partnership with local programs to support continued improvement, while recognizing that trend momentum is favorable according to WDSuite’s CRE market data.
The employment base nearby spans software, e-commerce, fintech, telecom, and electronics manufacturing—drivers that support leasing velocity for workforce and professional renters. Featured employers below are within commuting distance and contribute to renter demand and retention.
- Adobe Systems — software (1.6 miles)
- Ebay — e-commerce (3.9 miles) — HQ
- Paypal Holdings — fintech (4.7 miles) — HQ
- Verizon — telecom offices (5.6 miles)
- Qualcomm — semiconductors (5.7 miles)
570 Keyes St offers 88 units built in 2006, positioning it newer than much of the surrounding inventory and competitive for modern renter expectations. The neighborhood shows above‑median occupancy and a very high share of renter-occupied housing units, indicating a sizable tenant base and support for leasing stability. Elevated home values in the area reinforce renter reliance on multifamily product, and daily-needs amenities—especially grocery and dining—add convenience for residents.
According to CRE market data from WDSuite, neighborhood-level occupancy sits above national medians and rents have trended upward with additional growth forecast within a 3‑mile radius, alongside rising incomes. While crime metrics are elevated relative to many U.S. neighborhoods, recent year-over-year declines are meaningful, and prudent property management can mitigate risk. Operators should also plan for ongoing capex typical of a mid-2000s asset to preserve competitive positioning.
- 2006 construction offers competitive positioning versus older local stock, with manageable modernization needs
- Above-median neighborhood occupancy and deep renter concentration support demand and retention
- High-cost ownership market reinforces reliance on rentals and pricing power for well-run assets
- Strong nearby employment nodes (software, e-commerce, fintech, telecom) underpin leasing velocity
- Risks: crime metrics above national norms and limited specialty amenities; mitigate via ops focus and security investments