| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 53rd | Poor |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 975 Boynton Ave, San Jose, CA, 95117, US |
| Region / Metro | San Jose |
| Year of Construction | 1974 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
975 Boynton Ave San Jose Multifamily Investment
This 48-unit property benefits from San Jose's high renter concentration and proximity to major tech employers. Neighborhood occupancy trends according to CRE market data from WDSuite indicate above-average rental demand in this urban core location.
Located in San Jose's urban core, this neighborhood ranks in the top quartile nationally for rental housing concentration, with 64.2% of housing units occupied by renters compared to national averages. The area demonstrates strong rental demand fundamentals, with median contract rents of $2,197 reflecting the premium Silicon Valley market dynamics.
Demographics within a 3-mile radius show a stable tenant base with median household income of $150,701 and projected income growth of 29.2% through 2028. The workforce composition includes 23.6% of residents aged 18-34 and 41.7% aged 35-64, supporting consistent rental demand. Population projections indicate modest growth of 1.0% over the next five years, expanding the potential renter pool.
Built in 1974, this property aligns with the neighborhood's average construction year of 1973, presenting potential value-add opportunities through strategic renovations and unit improvements. The area's amenity infrastructure includes 1.19 cafes per square mile and 3.58 childcare facilities per square mile, ranking in the 89th and 97th national percentiles respectively, supporting tenant retention through convenient services.
Neighborhood occupancy rates of 87.2% reflect typical urban core dynamics, though this represents a 5.5 percentage point decline over five years, warranting attention to competitive positioning and lease management strategies. High home values with a median of $1.5 million reinforce rental demand by keeping homeownership costs elevated relative to rental options.
Safety metrics for this neighborhood show mixed performance relative to the San Jose metro area. Property crime rates of 1,170 incidents per 100,000 residents rank 207th among 344 metro neighborhoods, placing the area around the median for the region. However, property crime has declined 24.2% over the past year, indicating improving trends.
Violent crime rates are lower at 151 incidents per 100,000 residents, ranking 229th of 344 neighborhoods, with a notable 40.5% decrease over the past year. While crime levels remain above some suburban areas, the improving trajectory and urban core location provide context for multifamily investors evaluating tenant security considerations and insurance implications.
The property benefits from proximity to Silicon Valley's technology corridor, with multiple major employers within commuting distance supporting workforce housing demand.
- Apple - Stevens Creek 8 — technology offices (2.3 miles)
- Ebay — e-commerce technology (2.4 miles) — HQ
- Apple - Tantau 14 — technology offices (2.7 miles)
- Netflix — media technology (3.4 miles) — HQ
- Apple — technology headquarters (3.9 miles) — HQ
This 48-unit property capitalizes on San Jose's strong rental market fundamentals, with neighborhood renter concentration of 64.2% ranking in the 95th percentile nationally. The 1974 construction year presents value-add opportunities through strategic renovations while benefiting from proximity to major tech employers including Apple, eBay, and Netflix within 4 miles. Demographic projections show household income growth of 29.2% through 2028, supporting rent growth potential in this urban core location.
High home values exceeding $1.5 million reinforce rental demand by maintaining elevated ownership costs relative to rental options. According to multifamily property research from WDSuite, the neighborhood's amenity density ranks above metro averages, supporting tenant retention through convenient access to services and dining options.
- Strong rental demand with 64.2% renter-occupied housing units
- Value-add potential through strategic renovations of 1974-vintage property
- Proximity to major tech employers supporting workforce housing demand
- Projected household income growth of 29.2% through 2028
- Risk consideration: Neighborhood occupancy declined 5.5% over five years requiring competitive positioning