| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 53rd | Poor |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 762 Saratoga Ave, San Jose, CA, 95129, US |
| Region / Metro | San Jose |
| Year of Construction | 2013 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
762 Saratoga Ave San Jose – 2013 Multifamily Investment
Newer construction and large floor plans position this 84-unit asset for competitive leasing in a high-cost ownership market, according to WDSuite’s CRE market data. Proximity to major Silicon Valley employers supports durable renter demand and retention.
Situated in San Jose’s Urban Core, the property draws from a renter-friendly neighborhood with strong daily conveniences. Cafes, restaurants, childcare, and grocery options rank competitive to top quartile nationally, while immediate park and pharmacy access is limited, based on WDSuite’s analysis of neighborhood amenities.
Relative to 344 metro neighborhoods, the area’s overall standing is around the metro middle (B-; rank 194 of 344). Neighborhood occupancy trends are below the metro median (rank 325 of 344), indicating more leasing competition in the near term. Counterbalancing this, the share of renter-occupied housing units is among the highest locally (top decile), suggesting a deep tenant base that supports multifamily absorption.
The asset’s 2013 construction is newer than the neighborhood’s average vintage (1973). For investors, newer construction can enhance competitive positioning versus older stock and reduce near-term capital needs, though targeted system upgrades or unit refreshes may still be prudent over the hold.
Within a 3-mile radius, WDSuite’s demographics indicate a large, high-income population with households increasing over the past five years and projected to grow further. A modest rent-to-income burden at the neighborhood level supports lease retention and pricing flexibility, while elevated for-sale home values in the area reinforce sustained reliance on rental housing. Neighborhood NOI per unit trends also sit in the top quartile nationally, pointing to solid revenue productivity versus peers.
Safety indicators for the neighborhood track close to national mid-range overall, per WDSuite. Compared with 344 metro neighborhoods, the area sits near the metro middle for crime. Importantly, reported violent and property offense rates show year-over-year improvement, signaling a favorable recent trajectory rather than a deterioration.
Nationally benchmarked data show the neighborhood’s safety profile is around average, with property offenses higher than the national median but trending down, and violent offenses improving at a faster pace than many peer areas. For investors, this suggests monitoring remains important, but the direction of change has been positive.
The location is embedded in a major tech employment hub, supporting workforce housing demand and commute convenience for renters. Notable nearby employers include Apple, eBay, and Netflix, which help sustain leasing velocity and renewal potential.
- Apple - Stevens Creek 8 — corporate offices (1.8 miles)
- Apple - Tantau 14 — corporate offices (2.1 miles)
- Ebay — corporate offices (2.9 miles) — HQ
- Apple — corporate offices (3.3 miles) — HQ
- Netflix — corporate offices (3.7 miles) — HQ
The investment case centers on newer construction (2013), large-unit layouts, and a deep renter base in a high-cost ownership market. Based on commercial real estate analysis from WDSuite, neighborhood occupancy sits below the metro median, but high renter concentration and proximity to marquee employers underpin demand, while neighborhood NOI per unit trends are competitive nationally.
Within a 3-mile radius, population remains sizable with households growing and projected to expand further, implying a larger tenant base over time. Elevated home values reinforce reliance on rental housing, and a moderate rent-to-income relationship supports tenant retention and lease management flexibility. Key watch items include neighborhood-level occupancy softness and variable school ratings.
- 2013 vintage provides competitive positioning versus older local stock with potentially lower near-term capex
- Large, high-income renter pool nearby with household growth supporting future leasing
- High-cost ownership market supports multifamily demand and renewal potential
- Proximity to premier employers (Apple, eBay, Netflix) supports absorption and retention
- Risk: neighborhood occupancy is below metro median; school ratings are mixed, requiring active leasing and marketing