| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 26th | Poor |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 75 McCreery Ave, San Jose, CA, 95116, US |
| Region / Metro | San Jose |
| Year of Construction | 2013 |
| Units | 93 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
75 McCreery Ave, San Jose Multifamily Investment
2013-vintage, 93-unit asset positioned for tenant retention in a high renter-occupied neighborhood with steady occupancy, according to WDSuite's CRE market data. Nearby employment nodes and a high-cost ownership market support durable rental demand.
Located in San Jose's Urban Core, the area combines everyday convenience with investment fundamentals that favor multifamily. Neighborhood occupancy trends sit above national averages, and the renter-occupied share of housing units is high, indicating depth in the tenant base and support for leasing stability (per WDSuite's CRE market data for the neighborhood, not the property).
Livability signals are mixed but serviceable for workforce renters: restaurants are comparatively dense by national standards while pharmacies are abundant (high national percentile), though parks and cafes are relatively sparse. Average school ratings skew low for the neighborhood, which may matter for family-oriented leasing but is less determinative for studios and smaller formats.
Within a 3-mile radius, demographic statistics show households roughly stable historically with a forecast increase in total households alongside smaller average household sizes through 2028. Even as population is projected to edge down, a rise in household count implies more individual leasing decisions and a broader renter pool, which can support occupancy stability.
Home values in the neighborhood register in a high national percentile and the value-to-income relationship is elevated, signaling a high-cost ownership market. For investors, this typically sustains reliance on rental housing and can aid pricing power, while rent-to-income levels warrant active lease management to mitigate affordability pressure. Median asking rents in the broader 3-mile area have grown meaningfully over five years, reinforcing underlying renter demand.
The local housing stock skews older than the subject's 2013 construction, which provides a competitive positioning advantage versus nearby vintage product. Grocery and childcare access are adequate relative to national benchmarks, supporting day-to-day convenience for residents.
Safety indicators are mixed relative to national benchmarks. Overall crime levels sit around the national midpoint, while violent and property offense rates place the neighborhood in lower national percentiles (less favorable) according to WDSuite's CRE market data.
Notably, recent year-over-year trends show meaningful declines in both violent and property offense rates, with improvements that rank strongly versus neighborhoods nationwide. For investors, the directional trend is constructive, but underwriting should reflect submarket variability rather than block-level assumptions.
Proximity to major employers supports commuter convenience and renter retention. Notable nearby corporate offices include Adobe Systems, PayPal, Qualcomm, Avnet, and Bristol-Myers Squibb, BDC.
- Adobe Systems — software (2.8 miles)
- Paypal Holdings — fintech (4.2 miles) — HQ
- Qualcomm — semiconductors (4.5 miles)
- Avnet — electronics distribution (4.8 miles)
- Bristol-Myers Squibb, BDC — biopharma offices (4.9 miles)
This 93-unit, 2013-built property offers a relative quality advantage versus older neighborhood stock while drawing on a high renter concentration and steady neighborhood occupancy. According to CRE market data from WDSuite, the surrounding area exhibits a high-cost ownership environment, which tends to sustain multifamily demand and support pricing power, particularly near major employment centers.
Within a 3-mile radius, households are projected to increase even as population trends soften, reflecting smaller household sizes and a larger base of individual leasing decisions. Combined with proximity to notable employers and everyday services, the asset is positioned for durable demand, with affordability management and school quality perceptions as key operating considerations.
- Newer construction (2013) relative to neighborhood stock, enhancing competitive positioning and reducing near-term capital exposure
- High renter-occupied share in the neighborhood supports tenant base depth and leasing stability
- High-cost ownership market reinforces reliance on rentals and can aid rent management
- 3-mile household growth outlook and employment proximity underpin ongoing demand
- Risks: affordability pressure, mixed school ratings, and uneven safety metrics require active leasing and asset management