| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 61st | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7250 Blue Hill Dr, San Jose, CA, 95129, US |
| Region / Metro | San Jose |
| Year of Construction | 1974 |
| Units | 82 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7250 Blue Hill Dr San Jose Multifamily Investment
This 82-unit property built in 1974 benefits from San Jose's high-income renter base and proximity to major tech employers. According to CRE market data from WDSuite, the neighborhood demonstrates strong rental demand fundamentals with median household incomes exceeding $158,000.
The property sits in a B-rated neighborhood that ranks in the top half among 344 metro neighborhoods for overall investment fundamentals. With 42% of housing units renter-occupied, the area maintains solid rental demand supported by high-income households with a median income of $158,061 annually within the 3-mile radius.
Built in 1974, this property aligns with the neighborhood's average construction year of 1975, suggesting potential value-add opportunities through strategic renovations and unit improvements. The area's median contract rent of $2,223 reflects strong pricing power, while the 89.6% neighborhood occupancy rate indicates stable demand despite recent softening.
Resident amenities support tenant retention with 5.32 grocery stores per square mile ranking in the 96th percentile nationally, and 28.38 restaurants per square mile placing the area in the 98th percentile. The neighborhood also provides 1.77 childcare facilities per square mile, ranking in the 91st percentile nationally, appealing to the area's family demographics with average household sizes of 3.1 people.
Demographics within the 3-mile radius show population stability with 122,213 residents and household income projections indicating continued strength. With 52.5% of households earning over $200,000 annually, the renter pool demonstrates substantial rent-paying capacity, though investors should monitor affordability pressures as median home values reach $1.75 million.
The neighborhood demonstrates moderate safety conditions relative to the San Jose metro area. Property crime rates of 315.6 incidents per 100,000 residents place the area near the middle of 344 metro neighborhoods, while violent crime rates of 42.8 per 100,000 residents show similar positioning.
Recent trends indicate improving conditions, with property crime declining 34.4% year-over-year and violent crime decreasing 23.3%, suggesting positive momentum for the area. These improvements may support tenant retention and leasing velocity as safety perceptions strengthen over time.
The property benefits from proximity to Silicon Valley's major technology employers, providing stable workforce housing demand from high-income professionals in the region's tech sector.
- Apple — technology (1.9 miles) — HQ
- Apple - Stevens Creek 8 — technology offices (2.1 miles)
- Apple - Tantau 14 — technology offices (2.3 miles)
- Netflix — entertainment technology (4.8 miles) — HQ
- Applied Materials — semiconductor equipment (5.8 miles) — HQ
This 82-unit property offers investors exposure to San Jose's high-income rental market, where median household incomes of $158,061 support strong rent-paying capacity. The 1974 construction year presents value-add opportunities through strategic renovations and unit upgrades in a market where similar vintage properties dominate the neighborhood stock.
Commercial real estate analysis shows the area benefits from proximity to major tech employers including Apple's headquarters just 1.9 miles away, supporting consistent rental demand from high-income professionals. While neighborhood occupancy of 89.6% has softened recently, the substantial renter pool and limited new supply suggest fundamentals remain solid for patient investors.
- High-income renter base with 52.5% of households earning over $200,000 annually
- Proximity to Apple headquarters and multiple tech campuses within 6 miles
- Value-add potential through renovations of 1974-vintage units
- Strong amenity density supporting tenant retention and lease-up
- Risk: Recent occupancy softening and high home ownership costs may pressure renewals