| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 26th | Poor |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 67 N Jackson Ave, San Jose, CA, 95116, US |
| Region / Metro | San Jose |
| Year of Construction | 1972 |
| Units | 75 |
| Transaction Date | 2016-01-04 |
| Transaction Price | $15,050,000 |
| Buyer | CAPROCK HOMES LLC |
| Seller | CLAYBURN PARTNERS LP |
67 N Jackson Ave, San Jose Multifamily Investment
Neighborhood data point to durable renter demand and above-median national occupancy, according to WDSuite’s CRE market data. All occupancy and tenure figures reference the surrounding neighborhood, not the property.
Located in San Jose’s Urban Core, the property sits in a renter-driven neighborhood where an estimated 71.3% of housing units are renter-occupied. For multifamily owners, this depth of renter-occupied stock supports a larger tenant base and steadier leasing activity, particularly for workforce-oriented units.
Occupancy in the neighborhood trends above the national median (national percentile 62), suggesting relatively stable rent rolls versus many U.S. submarkets. Median contract rents in the area are also high (national percentile 78) with five-year growth, reinforcing pricing power where unit quality and management are competitive.
The asset’s 1972 construction is older than the neighborhood’s average vintage (1984). That gap typically calls for capital planning around building systems and common areas, but it can also offer value-add upside through renovations and targeted repositioning to stand out against aging peers.
Local convenience is mixed: pharmacies are a relative strength (national percentile 99) and restaurants are plentiful (89th percentile), while parks and cafes are sparse. Average school ratings are lower (national percentile 15), which may temper appeal for some family renters, but does not preclude solid demand from households prioritizing commute access and price-to-quality.
Within a 3-mile radius, household incomes are high and rising, and the number of households is projected to increase even as population contracts, indicating smaller household sizes and a potential renter pool expansion that can support occupancy stability. Elevated home values (national percentile 93) and a high value-to-income ratio (99th percentile) mark a high-cost ownership market, which tends to sustain reliance on multifamily rentals and can aid retention.
Neighborhood safety indicators sit near the national middle overall (crime national percentile around 50). Violent and property offense levels are below national safety benchmarks (national percentiles in the teens), but recent year-over-year declines are notable, especially for violent offenses, which improved materially. These are neighborhood-level trends and can vary block to block.
Relative to the San Jose–Sunnyvale–Santa Clara metro’s 344 neighborhoods, crime ranks around the metro middle rather than top quartile. For investors, the key takeaway is to underwrite security, lighting, and access controls as standard CapEx/OpEx items while recognizing improving trendlines.
Proximity to major employers supports workforce housing demand and commute convenience, with a cluster of large corporate offices nearby including Adobe, PayPal, Qualcomm, Avnet, and Bristol-Myers Squibb.
- Adobe Systems — software (3.3 miles)
- Paypal Holdings — fintech (4.4 miles) — HQ
- Qualcomm — semiconductors (4.5 miles)
- Avnet — electronics distribution (4.9 miles)
- Bristol-Myers Squibb, BDC — biotech/pharma offices (4.9 miles)
67 N Jackson Ave offers exposure to a renter-heavy San Jose neighborhood with occupancy trending above the national median and pricing supported by a high-cost ownership market. Based on CRE market data from WDSuite, the area’s strong renter-occupied share, elevated home values, and solid amenity access (notably pharmacies and dining) point to a stable tenant base, with competitive positioning enhanced by thoughtful renovations.
Built in 1972, the 75-unit asset may benefit from value-add improvements to drive rent premiums and retention relative to newer stock. Within a 3-mile radius, rising household incomes and an outlook for more households despite population contraction suggest a larger pool of renters and continued leasing velocity, while investors should underwrite for security measures and recognize school quality and limited parks/cafes as potential leasing frictions.
- Renter-heavy neighborhood supports demand depth and lease stability.
- Above-median national occupancy with sustained rent growth potential.
- 1972 vintage presents clear value-add and repositioning opportunities.
- High-cost ownership market reinforces reliance on multifamily housing.
- Key risks: lower school ratings, limited parks/cafes, and the need for ongoing security and capital planning.