| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 22nd | Poor |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1955 Pajaro Ln, Freedom, CA, 95019, US |
| Region / Metro | Freedom |
| Year of Construction | 1979 |
| Units | 106 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1955 Pajaro Ln Freedom Multifamily Near Silicon Valley Employers
Neighborhood-level indicators point to durable renter demand and strong occupancy stability, according to WDSuite’s CRE market data. High renter-occupied share alongside deep amenity access suggests dependable leasing fundamentals for a well-located asset in Santa Cruz County.
Positioned in Freedom’s inner-suburban fabric of the Santa Cruz–Watsonville metro (58 neighborhoods measured), the area combines everyday convenience with commuter reach. Grocery and dining density ranks among the metro’s stronger pockets (grocery and restaurants both in the top quartile nationally), supporting resident satisfaction and day-to-day livability for multifamily tenants.
At the neighborhood level, occupancy performance is a standout, ranking 1 of 58 and landing in the top percentile nationally — a signal of tight supply and steady renter demand rather than a property-specific guarantee. The renter-occupied share is also elevated (high national percentile), indicating a deep tenant base that can support leasing velocity and retention across cycles.
Homeownership costs benchmark high versus U.S. norms (home values and value-to-income near the top of national ranges). For investors, a high-cost ownership market tends to reinforce reliance on multifamily housing, supporting demand durability and pricing power when managed carefully. Median asking rents in the neighborhood sit high versus many areas nationally, but are not at the metro’s upper tier, suggesting room to compete on value while preserving revenue quality.
Within a 3-mile radius, population has edged up while households expanded at a faster pace historically, with forecasts pointing to further household growth and smaller average household sizes by 2028. This combination generally supports a larger tenant base and diversified unit demand, which can underpin occupancy stability and broaden leasing appeal over the medium term, based on CRE market data from WDSuite.
Trade-offs to note: cafe access is competitive by metro standards, but park and childcare access rank near the bottom locally. For operators, that mix implies stronger reliance on the area’s retail and services for livability, with potential opportunity to program on-site amenities that offset limited nearby open space.
Safety metrics place the neighborhood near the metro middle (rank 26 of 58), with national comparisons indicating below-midrange safety levels overall. National percentiles for violent and property offenses sit below the U.S. median, so investors should underwrite prudent operating practices and resident engagement to support on-site safety perceptions.
Recent trend signals are mixed: estimated violent offense rates rose year over year, while property offenses were relatively flat. These are neighborhood-level indicators rather than block-specific conditions; investors typically address such risks through security measures, lighting, and community management, calibrated to submarket expectations.
Regional employment is anchored by nearby tech and software offices, supporting commute-oriented renter demand from IBM, Netflix, eBay, Adobe, and Apple. Proximity to these employers can aid tenant retention for workforce and professional households.
- IBM Silicon Valley Lab — software & research (17.7 miles)
- Netflix — streaming media (24.4 miles) — HQ
- Ebay — e-commerce (25.9 miles) — HQ
- Adobe Systems — software (27.8 miles)
- Apple - Stevens Creek 8 — consumer electronics offices (29.4 miles)
The investment case centers on durable renter demand and occupancy stability at the neighborhood level. Elevated renter-occupied share and nationally strong occupancy signal depth of the tenant base, while high homeownership costs in Santa Cruz County support continued reliance on multifamily housing. Amenity density for groceries, pharmacies, and restaurants enhances resident convenience, helping assets compete on livability rather than solely on price.
Within a 3-mile radius, population growth is modest, but household counts are increasing and average household size is projected to decline — dynamics that typically expand the renter pool and support steady lease-up and retention. According to WDSuite’s commercial real estate analysis, neighborhood rents benchmark high versus many U.S. areas yet remain competitive within the metro, allowing investors to balance occupancy and rent positioning while monitoring affordability pressure via rent-to-income levels.
- Neighborhood-level occupancy ranks at the top of the metro, supporting leasing stability
- High renter-occupied share indicates a deep tenant base for multifamily demand
- Elevated ownership costs reinforce reliance on rentals, aiding pricing power with careful management
- Household growth and smaller household sizes within 3 miles support ongoing renter pool expansion
- Risks: below-midrange national safety metrics and limited parks/childcare access call for thoughtful operations