| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Poor |
| Demographics | 49th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 714 S Almaden Ave, San Jose, CA, 95110, US |
| Region / Metro | San Jose |
| Year of Construction | 1995 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
714 S Almaden Ave San Jose Multifamily Investment
This 30-unit property benefits from San Jose's elevated ownership costs that sustain rental demand, with neighborhood-level occupancy at 88.5% according to WDSuite's CRE market data. The 61% renter-occupied housing concentration supports consistent tenant demand in this urban core location.
Located in San Jose's urban core, this neighborhood ranks 206th among 344 metro neighborhoods with a C+ rating. The area demonstrates strong renter concentration with 61% of housing units renter-occupied, ranking in the top quartile nationally at the 90th percentile, indicating robust multifamily demand fundamentals.
Neighborhood-level occupancy stands at 88.5%, though this reflects broader market softening with a 5.9 percentage point decline over five years. Median contract rents of $2,364 rank 228th among metro neighborhoods but place in the 96th percentile nationally, highlighting the premium rental market dynamics. Home values averaging $1.2 million sustain rental demand by limiting ownership accessibility for many households.
Demographics within a 3-mile radius show population stability with 196,247 residents, though a slight 3.1% decline over five years. Household growth of 2.9% indicates ongoing housing unit formation despite population contraction. The area benefits from high household incomes averaging $162,496, supporting rent-paying capacity, while projections suggest 3.5% population growth and 34% household increases through 2028.
Built in 1995, this property is significantly newer than the neighborhood average construction year of 1953, potentially reducing near-term capital expenditure needs compared to older local inventory. Amenity access ranks 116th of 344 neighborhoods with strong grocery store density (4.1 per square mile, 94th percentile nationally) and restaurant options (22.4 per square mile, 97th percentile nationally), supporting tenant retention through convenience factors.
The neighborhood's safety profile ranks 148th among 344 San Jose metro neighborhoods, placing near the median at the 49th percentile nationally. Property crime rates have improved significantly with a 49.5% year-over-year decline, ranking in the 87th percentile for crime reduction trends. Violent crime has similarly decreased by 52.6%, indicating positive momentum in public safety conditions that can support tenant retention and property values.
The property benefits from proximity to major technology employers that anchor San Jose's employment base, providing workforce housing opportunities for tech professionals and supporting consistent rental demand.
- Adobe Systems — software technology (0.7 miles)
- Ebay — e-commerce technology (3.0 miles) — HQ
- Paypal Holdings — financial technology (4.2 miles) — HQ
- Verizon — telecommunications (5.0 miles)
- Sanmina — electronics manufacturing (5.2 miles) — HQ
This San Jose property offers access to one of the nation's strongest rental markets, with neighborhood rents in the 96th percentile nationally and elevated home values that reinforce rental demand. The 61% renter-occupied housing concentration ranks in the top quartile nationwide, indicating deep tenant pool fundamentals. Demographics within a 3-mile radius project 3.5% population growth and 34% household increases through 2028, expanding the potential renter base according to multifamily property research.
Built in 1995, the property is significantly newer than the 1953 neighborhood average, potentially offering reduced capital expenditure requirements compared to older local inventory. Proximity to major technology employers including Adobe Systems, eBay headquarters, and PayPal headquarters within 5 miles provides workforce housing opportunities that can support occupancy stability and renewal rates.
- Premium rental market with neighborhood rents in 96th percentile nationally
- Strong renter concentration (61%) ranking top quartile among US neighborhoods
- Elevated home values ($1.2M median) sustain rental demand by limiting ownership accessibility
- Projected household growth of 34% through 2028 expanding tenant base
- Neighborhood occupancy at 88.5% reflects recent market softening requiring active lease management