| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Good |
| Demographics | 44th | Poor |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 955 S 6th St, San Jose, CA, 95112, US |
| Region / Metro | San Jose |
| Year of Construction | 2002 |
| Units | 103 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
955 S 6th St San Jose Multifamily Investment
Neighborhood occupancy is steady with a deep renter base, according to WDSuite’s CRE market data, suggesting durable demand drivers for a 103-unit asset in San Jose’s urban core. Elevated for-sale home values in the area tend to sustain renter reliance on multifamily housing.
Located in San Jose’s Urban Core, the area around 955 S 6th St shows durable renter demand signals. The neighborhood’s renter-occupied share is high (among the top percentiles nationally), indicating a broad tenant base that supports lease-up and retention for multifamily assets. Neighborhood occupancy trends sit above national medians, providing context for income stability across cycles.
Amenity access is a strength. Grocery and restaurant density rank in the top deciles nationally, while parks are also comparatively abundant. These everyday conveniences bolster livability and help properties compete for residents. Cafe and pharmacy counts are thinner locally, so on-site offerings or nearby alternatives may matter in marketing and retention strategies.
Home values are elevated relative to most U.S. neighborhoods, and the value-to-income ratio sits near the high end nationally. For investors, this typically reinforces rental demand and can support pricing power, while the neighborhood’s rent-to-income levels point to manageable affordability pressure that can aid lease renewal rates.
Within a 3-mile radius, recent trends show a modest population dip but an increase in households, with forecasts pointing to continued household growth and smaller average household sizes. This pattern generally expands the renter pool and supports occupancy stability. Income measures in the 3-mile area have risen meaningfully and are projected to keep climbing, which can underpin effective rents for competitive product.
Vintage is another positioning point: built in 2002, the property is newer than the neighborhood average construction year of 1974. That tends to improve competitive standing versus older stock, though investors should plan for mid-life system updates and potential modernization to maintain pricing power.
Safety metrics for the neighborhood are mixed compared with national benchmarks. Overall crime sits around the national middle, but property and violent offense indicators track below national percentiles, signaling a more challenging backdrop than many U.S. neighborhoods.
Notably, year-over-year trend data show substantial improvement, with large declines in both property and violent offense estimates placing the neighborhood among the stronger improvers nationally. For investors, monitoring trajectory and applying standard security and lighting enhancements, resident engagement, and vendor protocols can mitigate risk and support retention.
Proximity to major technology and corporate employers supports a large commuter tenant base and helps stabilize leasing. The immediate area is anchored by Adobe, eBay, PayPal, Verizon, and Sanmina, offering diversified white-collar employment within a short drive.
- Adobe Systems — software (1.1 miles)
- Ebay — e-commerce (3.4 miles) — HQ
- Paypal Holdings — fintech (4.4 miles) — HQ
- Verizon — telecommunications offices (5.2 miles)
- Sanmina — electronics manufacturing (5.4 miles) — HQ
955 S 6th St combines a renter-heavy Urban Core location with strong everyday amenities and a 2002 vintage that competes well against older neighborhood stock. Elevated for-sale home values in the area help sustain multifamily demand, while neighborhood occupancy sits above national medians and NOI per unit benchmarks are among the highest nationally for the metro, based on CRE market data from WDSuite. Within a 3-mile radius, households have increased and are projected to grow further even as average household size declines, expanding the tenant base and supporting occupancy stability.
Investor considerations include safety metrics that, while improving sharply year over year, remain weaker than national comparables; and thinner cafe/pharmacy density that may require on-site or nearby service solutions to support resident satisfaction. Mid-life capital planning is prudent given the property’s 2002 construction year, but the location’s employment access and income growth trends provide a favorable backdrop for rent performance and retention.
- Renter-heavy neighborhood and above-median occupancy support demand durability.
- 2002 vintage offers competitive positioning versus older stock with manageable modernization scope.
- Elevated ownership costs reinforce reliance on rental housing, aiding pricing power.
- 3-mile household growth and rising incomes expand the tenant base and support rents.
- Risk: Safety indicators lag national averages despite notable year-over-year improvement; monitor and mitigate via property operations.