| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 56th | Fair |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 633 Shadow Creek Dr, San Jose, CA, 95136, US |
| Region / Metro | San Jose |
| Year of Construction | 1974 |
| Units | 98 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
633 Shadow Creek Dr San Jose Multifamily Investment
This 98-unit property benefits from neighborhood-level occupancy of 96.9% and strong renter demand in a metro where elevated ownership costs support rental housing, according to CRE market data from WDSuite.
The Shadow Creek neighborhood ranks in the top quartile nationally for housing fundamentals and maintains above-average amenity density with strong access to grocers, restaurants, and childcare facilities. With 57.6% of housing units renter-occupied, the area demonstrates consistent rental demand supported by the broader San Jose metro's elevated ownership costs.
Demographic statistics aggregated within a 3-mile radius show a median household income of $132,395 with 42.7% of households renting. The area's median contract rent of $2,610 reflects the premium rental market characteristic of the San Jose metro. Population forecasts indicate modest growth with household formation supporting continued rental demand through 2028.
Built in 1974, this property represents an older vintage compared to the neighborhood average construction year of 1992, potentially offering value-add renovation opportunities for investors focused on capital improvement strategies. The neighborhood's 96.9% occupancy rate demonstrates rental stability, though investors should monitor the modest decline in occupancy trends over the past five years when evaluating lease management strategies.
Crime metrics place this neighborhood in the middle range among San Jose metro neighborhoods, with property offense rates showing a 17.8% decline over the past year and violent offense rates decreasing 19.4% year-over-year. These improving trends suggest stabilizing conditions, though investors should continue monitoring local safety dynamics as part of ongoing property management considerations.
The property benefits from proximity to major technology employers that anchor the South Bay employment base, supporting workforce housing demand and commute convenience for tenants.
- eBay — technology headquarters (3.7 miles) — HQ
- Adobe Systems — software offices (4.0 miles)
- Netflix — streaming technology headquarters (5.7 miles) — HQ
- PayPal Holdings — financial technology headquarters (7.5 miles) — HQ
- NVIDIA — semiconductor headquarters (8.6 miles) — HQ
This 98-unit property offers exposure to San Jose's established rental market with neighborhood occupancy rates of 96.9% demonstrating tenant retention strength. The 1974 construction year presents potential value-add opportunities for investors seeking renovation upside, while proximity to major technology employers including eBay and Adobe supports workforce housing demand.
According to multifamily property research from WDSuite, the area's 57.6% renter-occupied housing stock and median household income of $132,395 within a 3-mile radius indicate solid rental fundamentals. Demographic projections show continued household formation through 2028, supporting sustained rental demand in this established South Bay location.
- Strong neighborhood occupancy at 96.9% demonstrates rental stability
- Proximity to major tech employers supports workforce housing demand
- 1974 vintage offers potential value-add renovation opportunities
- Risk consideration: Monitor occupancy trends and capital expenditure needs for older building systems