| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 77th | Good |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1745 46th Ave, Capitola, CA, 95010, US |
| Region / Metro | Capitola |
| Year of Construction | 1977 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1745 46th Ave Capitola Multifamily Investment
Neighborhood occupancy remains high and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data. For investors, this points to durable leasing conditions in Capitola rather than asset-specific performance.
Capitola’s Urban Core setting offers strong day-to-day convenience: the neighborhood ranks 3rd of 58 in the Santa Cruz–Watsonville metro, with abundant cafes, restaurants, parks, groceries, and pharmacies scoring in the top national percentiles. This amenity density supports renter retention and leasing velocity for professionally managed assets.
Neighborhood occupancy is elevated (ranked 11th of 58; top quartile nationally), signaling stable renter demand at the neighborhood level rather than the property. A renter-occupied share around two-fifths of housing units indicates a meaningful tenant base, which typically supports depth of demand across unit types.
Home values rank in the mid‑90s nationally, marking a high‑cost ownership market that can sustain reliance on multifamily housing. Median asking rents also sit near the top of U.S. neighborhoods, while the local rent‑to‑income ratio reads comparatively manageable for the area—factors that can aid lease retention and measured pricing power.
Within a 3‑mile radius, recent data show a slight population decline alongside a modest increase in households and smaller average household sizes. Looking ahead, forecasts point to further household growth and higher incomes, which can expand the renter pool and support occupancy, based on multifamily property research from WDSuite.
Compared with 58 metro neighborhoods, the area ranks 35th for crime—below the metro median and in the lower third locally. Nationally, it sits in lower safety percentiles, with property offenses relatively more prevalent than violent offenses. The latest trend shows year‑over‑year improvement in violent‑offense rates, a constructive signal, while property‑crime exposure merits ongoing security and operations attention.
Proximity to major Silicon Valley employers supports commuter demand and retention potential for workforce and professional tenants. Notable employers within commuting distance include IBM, Netflix, eBay, Adobe Systems, and Apple headquarters.
- IBM Silicon Valley Lab — corporate offices (19.2 miles)
- Netflix — media & technology (19.6 miles) — HQ
- eBay — e‑commerce (22.2 miles) — HQ
- Adobe Systems — software (24.8 miles)
- Apple — consumer technology (24.9 miles) — HQ
This 78‑unit asset benefits from neighborhood fundamentals that favor stabilized operations: high occupancy at the neighborhood level, a sizable renter base, and strong amenity access that supports retention. Elevated home values relative to incomes indicate a high‑cost ownership market, which can reinforce multifamily reliance and sustain demand. According to CRE market data from WDSuite, local asking rents and amenity density rank well nationally, aligning with an investment thesis focused on steady tenancy and disciplined rent growth rather than outsized lease‑up gains.
Within a 3‑mile radius, recent population softness contrasts with household growth and smaller household sizes, a mix that can expand the renter pool and support occupancy stability. Forward‑looking projections call for higher household counts and incomes alongside rising rents, suggesting room for thoughtful upgrades and revenue management, balanced against vigilance on affordability pressure and neighborhood safety trends.
- High neighborhood occupancy and strong amenity access support leasing stability
- High-cost ownership market reinforces renter reliance and pricing power potential
- 3‑mile household growth and smaller household sizes expand the renter pool
- Risks: below‑median safety metrics locally; monitor affordability and tech‑cycle exposure