| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 72nd | Good |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 814 Saint Elizabeth Dr, San Jose, CA, 95126, US |
| Region / Metro | San Jose |
| Year of Construction | 1987 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
814 Saint Elizabeth Dr, San Jose Multifamily Investment
According to WDSuite’s CRE market data, the surrounding neighborhood shows stable occupancy and a high renter-occupied share, suggesting resilient demand drivers for a 70-unit asset in San Jose.
This Urban Core location in San Jose benefits from strong neighborhood fundamentals relative to the metro. Neighborhood occupancy is 94.2% and the area ranks 58 out of 344 metro neighborhoods (A- rating), placing it above the metro median in overall performance, according to WDSuite’s CRE market data.
Renter-occupied housing accounts for 72.5% of neighborhood units, indicating a deep tenant base for multifamily. Median contract rents in the neighborhood are elevated versus national norms, while household incomes also skew higher, which can support lease retention and measured pricing power when managed carefully.
Everyday convenience is a local strength: cafes, groceries, restaurants, parks, and childcare density sit in the top decile nationally, supporting lifestyle appeal and reducing car-dependent trips. One noted gap is pharmacy access, which is limited within the immediate neighborhood.
Within a 3-mile radius, households have grown modestly in recent years and are projected to increase further by 2028, alongside smaller average household sizes. This combination points to a larger renter pool and sustained demand for professionally managed units. The property’s 1987 vintage is newer than the neighborhood’s average construction year (1981), suggesting relative competitiveness versus older stock, while typical system modernization and common-area refreshes may still present value-add opportunities.
Home values are high for the area compared with national levels, and the value-to-income ratio ranks in the upper tier nationally. In practice, this high-cost ownership landscape tends to reinforce reliance on rental housing, supporting occupancy stability for well-located multifamily assets.
Safety signals are mixed when viewed across geographies and time. The neighborhood’s overall crime standing is around the middle of U.S. neighborhoods, while within the San Jose–Sunnyvale–Santa Clara metro it sits below the metro median for safety (rank 97 of 344). Recent data show material year-over-year declines in both violent and property offenses, an improving trend investors should monitor for durability.
Framing this comparatively: national percentiles indicate the area is roughly mid-pack overall, with certain offense categories still less favorable than many U.S. neighborhoods. The directional improvement is a positive signal, but underwriting should remain prudent and incorporate property-level security and tenant-experience practices typical for Urban Core locations.
The address sits near a concentrated tech employment base, supporting commute convenience and leasing depth from large corporate campuses including eBay, Adobe Systems, Netflix, PayPal Holdings, and Apple.
- eBay — corporate offices (1.2 miles) — HQ
- Adobe Systems — corporate offices (1.9 miles)
- Netflix — corporate offices (4.3 miles) — HQ
- PayPal Holdings — corporate offices (4.6 miles) — HQ
- Apple - Stevens Creek 8 — corporate offices (4.9 miles)
814 Saint Elizabeth Dr offers exposure to San Jose’s Urban Core with neighborhood occupancy at 94.2% and a high renter-occupied share, supporting steady tenant demand. The property’s 1987 vintage is slightly newer than the neighborhood average, positioning it competitively versus older stock while leaving room for targeted upgrades to drive rent and retention gains. High home values in the area tend to sustain reliance on rental housing, which can reinforce occupancy stability in professionally managed assets.
Households within a 3-mile radius are projected to expand meaningfully by 2028, pointing to renter pool expansion. Based on commercial real estate analysis using WDSuite’s CRE market data, this submarket’s combination of employment access, amenity depth, and improving safety trends supports a durable outlook, with prudent underwriting around affordability and operating expenses.
- High renter concentration and 94.2% neighborhood occupancy support durable leasing fundamentals.
- 1987 vintage offers relative competitiveness with potential value-add through modernization.
- Proximity to major tech employers underpins tenant demand and retention potential.
- Elevated ownership costs in the area reinforce reliance on rental housing and pricing power.
- Risks: mixed but improving safety signals and the need to manage rent-to-income and operating costs with discipline.