| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 68th | Fair |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 899 N King Rd, San Jose, CA, 95133, US |
| Region / Metro | San Jose |
| Year of Construction | 2001 |
| Units | 75 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
899 N King Rd, San Jose CA — 75-Unit 2001 Vintage Multifamily
Neighborhood occupancy has remained resilient and renter demand is supported by high-income households, according to WDSuite’s CRE market data, positioning this inner-suburban San Jose asset for steady operations.
Situated in an Inner Suburb of San Jose, the neighborhood rates B- (ranked 190 out of 344 metro neighborhoods), signaling generally stable fundamentals with selective strengths that matter to multifamily investors. Neighborhood occupancy is 94.8% — a neighborhood-level metric — which supports income durability and reduces lease-up risk relative to weaker submarkets.
Amenity access is mixed: parks density ranks competitively (top national tier), while restaurants and groceries are solid relative to national averages. However, cafes and pharmacies are sparse locally. For investors, this translates into livability anchored by open space and daily-needs retail, with fewer third-wave conveniences. Median contract rents in the neighborhood have risen over the past five years, indicating pricing power consistent with broader Bay Area demand.
The property’s 2001 construction is newer than the neighborhood’s average vintage (1994). That positioning can help with leasing versus older stock, while still warranting capital planning for mid-life systems and targeted upgrades to remain competitive with more recently delivered assets.
Within a 3-mile radius, demographics show a renter-occupied share around one-half of housing units, providing depth to the tenant base. Households have grown even as population edged down, indicating smaller household sizes and a potential shift toward rental housing; this dynamic can support occupancy stability and absorption. High household incomes in the area help sustain rent levels, and elevated ownership costs in Santa Clara County tend to reinforce reliance on multifamily housing. Based on multifamily property research from WDSuite, neighborhood NOI per unit ranks in a strong national tier, aligning with the thesis of durable in-place demand.
Safety outcomes are mixed when viewed in context. Compared with neighborhoods nationwide, this area sits below average on safety (national percentiles indicate more reported incidents than safer peer areas). Within the San Jose–Sunnyvale–Santa Clara metro, its crime profile is around the metro median (ranked 191 out of 344 neighborhoods), suggesting neither a top-performing nor a lagging position locally.
Recent trends are constructive: estimated violent and property offense rates have declined over the last year, indicating an improving trajectory. Investors should underwrite with prudent assumptions, emphasize lighting and access controls, and consider partnership with professional security vendors to support retention and community standards.
Proximity to major tech and corporate offices supports a deep white-collar renter base and commute convenience for residents, notably to Adobe, PayPal, Qualcomm, Avnet, and Bristol-Myers Squibb.
- Adobe Systems — software (2.9 miles)
- Paypal Holdings — fintech (2.9 miles) — HQ
- Qualcomm — semiconductor & wireless (3.0 miles)
- Avnet — electronics distribution (3.3 miles)
- Bristol-Myers Squibb, BDC — biopharma offices (3.4 miles)
This 75-unit community built in 2001 offers a newer-than-neighborhood vintage in an Inner Suburb that maintains solid renter demand and neighborhood-level occupancy near the high 90s. Elevated home values across Santa Clara County sustain multifamily reliance, while high local incomes support rent levels and reduce concessions risk relative to lower-income submarkets. According to CRE market data from WDSuite, neighborhood NOI per unit trends in a strong national tier, and nearby Fortune 500 and tech employers reinforce a steady white-collar renter pool.
Forward-looking, the 3-mile area shows household growth alongside smaller household sizes, which can expand the renter pool and support occupancy stability even as overall population trends soften. Given the 2001 vintage, investors should plan for mid-life system upgrades and focused renovations to protect competitive positioning against newer product.
- Newer 2001 vintage than neighborhood average, offering competitive positioning with targeted capex
- Neighborhood-level occupancy near the mid-to-high 90s supports income stability
- High-income employment base nearby (tech and corporate offices) underpins leasing and retention
- Elevated ownership costs locally reinforce sustained multifamily demand
- Risks: safety metrics below national averages and amenity gaps (few cafes/pharmacies) warrant active asset management