| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 91st | Best |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 801 Paula St, San Jose, CA, 95126, US |
| Region / Metro | San Jose |
| Year of Construction | 1991 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
801 Paula St, San Jose Multifamily Investment
Positioned in San Jose’s urban core, this 21-unit asset benefits from a deep renter pool and resilient occupancy in the surrounding neighborhood, according to WDSuite’s CRE market data.
The surrounding neighborhood is rated A and ranks 31 out of 344 within the San Jose–Sunnyvale–Santa Clara metro, placing it in the top quartile among metro neighborhoods. Investors can expect solid location fundamentals typical of an urban core setting, with strong access to daily-needs retail such as groceries and pharmacies and a dense restaurant presence. Neighborhood metrics referenced here reflect area conditions, not property-level performance.
Amenity access skews toward essentials: grocery and pharmacy density are strong and restaurants are plentiful, while neighborhood-defined park and café counts are limited. Childcare availability ranks competitively in the metro. These patterns tend to support day-to-day convenience for renters, which can aid leasing velocity and retention.
The neighborhood’s multifamily indicators point to durable demand. Neighborhood occupancy is 92.6% and the share of housing units that are renter-occupied is 73.2% — both figures describe neighborhood conditions and suggest a sizable tenant base and occupancy stability for nearby apartments. Median contract rents in the neighborhood sit near the upper end of the metro, while the rent-to-income ratio around 0.24 indicates comparatively manageable rent burden for local earners, supporting renewal potential.
Ownership costs are elevated (neighborhood median home values are above $1.0M), which typically sustains reliance on rental housing and supports pricing power for well-maintained units. The property’s 1991 vintage is slightly older than the neighborhood average construction year (1996), pointing to potential value-add or systems modernization to sharpen competitive positioning against newer stock.
Within a 3-mile radius, demographics indicate a sizable and affluent resident base with median household incomes well above national norms. Over the next five years, WDSuite’s data shows population growth alongside a projected increase in households and a modest decline in average household size, which together imply a larger tenant base and support for occupancy and leasing.
Safety signals are mixed and should be evaluated in context. The neighborhood’s overall crime profile sits near the national middle (around the 51st percentile), and its metro rank is 130 out of 344, which is competitive among San Jose–Sunnyvale–Santa Clara neighborhoods but not top tier. These figures describe neighborhood conditions rather than the property itself.
Recent trends are favorable: both violent and property offense rates show steep year-over-year declines, placing the neighborhood’s improvement in a high national percentile. That said, current property and violent offense rates benchmark below national averages (lower percentiles indicate more incidents), so operators should plan standard on-site precautions and monitor ongoing trendlines as part of risk management.
Proximity to major technology employers underpins renter demand and commute convenience for workforce tenants. The immediate area features Adobe, eBay, PayPal, Netflix, and Verizon within typical commuting distance.
- Adobe Systems — software (1.4 miles)
- Ebay — ecommerce (1.7 miles) — HQ
- Paypal Holdings — fintech (4.4 miles) — HQ
- Netflix — streaming & media (4.9 miles) — HQ
- Verizon — communications (5.1 miles)
801 Paula St offers investors a 21-unit, 1991-vintage asset in an A-rated, top-quartile neighborhood of the San Jose–Sunnyvale–Santa Clara metro. Neighborhood occupancy of 92.6% and a 73.2% renter-occupied share indicate a deep tenant base and support for stable leasing at the submarket level. Elevated ownership costs and upper-tier neighborhood rents point to durable multifamily demand, while a rent-to-income ratio near 0.24 suggests retention can be supported with measured rent management. Based on commercial real estate analysis from WDSuite, these dynamics align with continued renter reliance on professionally managed apartments in the urban core.
The property’s 1991 construction is modestly older than the neighborhood’s average vintage (1996), creating a practical path for targeted value-add or systems upgrades to enhance competitiveness versus newer product. Within a 3-mile radius, households are projected to increase alongside income growth and slight reductions in household size — trends that typically expand the renter pool and support occupancy and pricing over the medium term.
- Top-quartile metro location with resilient neighborhood occupancy and a high renter-occupied share supporting leasing stability.
- Elevated ownership costs in the area reinforce reliance on rental housing and aid pricing power for well-maintained units.
- 1991 vintage offers value-add and modernization potential to compete with newer stock.
- Within 3 miles, projected growth in households and incomes supports an expanding tenant base and renewal potential.
- Risks: crime benchmarks below national averages despite improving trends; limited neighborhood-defined park and café density; execution risk on renovations.