| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 39th | Poor |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 80 Montecito Vista Dr, San Jose, CA, 95111, US |
| Region / Metro | San Jose |
| Year of Construction | 2011 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
80 Montecito Vista Dr San Jose Multifamily Investment
2011 construction and a 92-unit scale position this asset competitively against older neighborhood stock, with neighborhood occupancy trending above the national median according to CRE market data from WDSuite.
Located in San Jose's Urban Core, the property benefits from strong day-to-day convenience. Neighborhood amenities score in the top quartile nationally for cafes and grocery access, and restaurants are also above national norms. This mix typically supports resident retention and lease-up consistency for multifamily assets.
Renter-occupied housing makes up roughly one-third of units in the immediate neighborhood, indicating a stable but not saturated renter base; at the metro level, elevated home values and ownership costs help sustain demand for rentals and support pricing discipline. Median rents in the neighborhood are positioned toward the high end nationally, reinforcing the need for asset quality and professional operations to maintain occupancy.
Within a 3-mile radius, demographics are aggregated and show modest population softening over the last five years, with forecasts indicating a slight decline ahead. At the same time, households are projected to increase while average household size trends lower, pointing to more, smaller households and a broader tenant base that can support occupancy stability for well-run communities.
The neighborhood's average construction year skews older than this property's 2011 vintage, which can provide a competitive edge on curb appeal and systems while still leaving room for targeted modernization as part of a thoughtful value-add plan. School ratings trail national averages, which may shift the resident mix more toward workforce singles and couples rather than school-driven demand.
Overall neighborhood performance sits near the metro median but above the national median on several CRE fundamentals such as occupancy and amenity access. Based on commercial real estate analysis from WDSuite, this context supports steady leasing potential so long as management aligns positioning with local incomes and rent-to-income dynamics.
Neighborhood safety indicators are near the metro median for San Jose–Sunnyvale–Santa Clara and sit below the national median. Recent trends are constructive: estimated rates for both property and violent offenses have declined over the past year, signaling improving conditions compared with prior periods. Investors typically account for these dynamics through on-site security, lighting, and resident engagement to support retention.
Rank context: the neighborhood's safety position is in the middle of the pack among 344 metro neighborhoods, while national percentile positioning indicates room for improvement relative to neighborhoods nationwide. The recent year-over-year decreases point to momentum that can help stabilize perceptions over time, but underwriting should still reflect conservative assumptions for operating protocols and insurance.
Proximity to major tech employers underpins renter demand and commute convenience, with a concentration of nearby corporate offices and headquarters including Adobe, eBay, Netflix, PayPal, and Nvidia.
- Adobe Systems — software (3.6 miles)
- Ebay — ecommerce (4.1 miles) — HQ
- Netflix — streaming & media (6.5 miles) — HQ
- Paypal Holdings — fintech (7.0 miles) — HQ
- Nvidia — semiconductors (8.4 miles) — HQ
This 92-unit, 2011-built community offers a newer vintage relative to the neighborhood's older housing stock, supporting competitive positioning on finishes and building systems. Neighborhood occupancy trends above the national median and rent levels are elevated nationally, indicating pricing power when aligned with local incomes and lease management. Elevated home values in the area signal a high-cost ownership market, which tends to reinforce sustained renter reliance on multifamily housing.
Within a 3-mile radius, recent population softness is paired with an expected increase in total households and a decline in average household size, pointing to more renters entering the market over time. Average unit sizes around 944 square feet cater to a mix of singles, couples, and small households, which can support retention. According to commercial real estate analysis from WDSuite, rent-to-income dynamics in the neighborhood indicate manageable affordability pressure, which can aid occupancy stability when paired with disciplined renewal strategies.
- Newer 2011 vintage relative to nearby stock supports competitive positioning and moderated near-term capital needs.
- Neighborhood occupancy above the national median with elevated rent levels supports revenue durability under professional management.
- Large average floor plans (~944 sf) align with demand from small households, aiding leasing and retention.
- High-cost ownership market in the metro reinforces renter demand and supports pricing power.
- Risks: below-national-median school ratings and safety percentiles; requires proactive operations, security measures, and disciplined lease management.