| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 48th | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 692 N King Rd, San Jose, CA, 95133, US |
| Region / Metro | San Jose |
| Year of Construction | 2012 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
692 N King Rd, San Jose Multifamily Investment
Neighborhood renter demand is supported by a high renter-occupied share and solid occupancy at the neighborhood level, according to WDSuite’s CRE market data, positioning this asset for steady leasing in a high-cost ownership market.
Built in 2012, the property is newer than the neighborhood’s typical 2000 vintage, offering relative competitiveness versus older stock. Investors should still plan for routine modernization as systems age, but the newer build supports marketability and helps limit near-term capital exposure compared with older assets.
At the neighborhood level, occupancy trends are above many U.S. neighborhoods, and the area’s renter concentration is high (share of housing units that are renter-occupied), which deepens the tenant base and can support lease-up and retention for multifamily. Within a 3-mile radius, households have inched higher even as population edged down, indicating smaller household sizes and a gradually expanding renter pool — a constructive setup for demand stability.
Daily needs are well-served: grocery and restaurant density rank above the metro median among 344 San Jose–Sunnyvale–Santa Clara neighborhoods, while cafes are also comparatively accessible. However, park and pharmacy access are limited locally, which can factor into resident livability considerations. Average school ratings sit near national midpack.
Ownership costs in this submarket are elevated by national standards, and the neighborhood’s value-to-income ratio is among the higher readings nationwide. For multifamily investors, a high-cost ownership market tends to reinforce reliance on rental housing, supporting pricing power and lease retention when paired with stable neighborhood occupancy. Based on CRE market data from WDSuite, neighborhood NOI per unit performance sits above many national peers, aligning with the area’s income profile and amenity access.
Safety indicators for the neighborhood track below national percentiles, signaling comparatively higher crime exposure than many U.S. neighborhoods. Recent trends show meaningful year-over-year improvement in both violent and property offense rates, which is a constructive directional signal, but investors should underwrite appropriate operating practices and security measures consistent with an urban core location.
Relative to the San Jose–Sunnyvale–Santa Clara metro’s 344 neighborhoods, the area sits around the middle of the pack, reinforcing the need for pragmatic management while acknowledging the improving trend. Prospective underwriting should reflect these dynamics without relying on continued improvement.
Proximity to major tech and corporate offices supports a deep commuter tenant base and can aid retention. Nearby employers include Adobe, PayPal, Qualcomm, Avnet, and Sanmina.
- Adobe Systems — software (2.8 miles)
- Paypal Holdings — fintech (3.1 miles) — HQ
- Qualcomm — semiconductors (3.3 miles)
- Avnet — electronics distribution (3.6 miles)
- Sanmina — electronics manufacturing (3.7 miles) — HQ
This 36‑unit asset, built in 2012, benefits from a newer vintage relative to the neighborhood average, supporting competitive positioning versus older stock while keeping capital needs more predictable. Neighborhood occupancy is solid and renter concentration is high, indicating depth in the tenant base and potential for leasing stability. Elevated ownership costs locally further support reliance on rental housing, which can help sustain demand and pricing.
Within a 3‑mile radius, households have grown despite a modest population dip, pointing to smaller household sizes and a larger renter pool over time. According to CRE market data from WDSuite, neighborhood operations and amenity access compare favorably to many peers, though limited park access and below‑median national safety standing warrant prudent management and underwriting.
- Newer 2012 construction offers competitive positioning and moderated near‑term capital exposure
- High renter-occupied share at the neighborhood level supports a deeper tenant base and leasing stability
- Elevated ownership costs reinforce sustained demand for multifamily rentals
- Household growth within 3 miles, alongside smaller household sizes, points to a gradually expanding renter pool
- Risks: below‑median national safety standing and limited park access call for pragmatic operations and resident‑experience planning