| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 87th | Best |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 231 Woodcreek Cmn, Fremont, CA, 94539, US |
| Region / Metro | Fremont |
| Year of Construction | 1986 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
231 Woodcreek Cmn, Fremont CA Multifamily Investment
Positioned in a high-income Fremont suburb with top-rated schools and strong amenities, the asset targets durable renter demand and value-add upside, according to WDSuite’s CRE market data.
The property sits in an A+‑rated suburban neighborhood within the Oakland–Berkeley–Livermore metro, where schools score at the top of the metro’s 469 neighborhoods and rank among the strongest nationally. That education profile, combined with abundant restaurants, groceries, and childcare options (each well above national norms), supports family-oriented leasing and retention.
Local housing dynamics are mixed. Neighborhood occupancy is weaker relative to metro peers, suggesting competitive lease-up conditions. However, the share of renter-occupied units is elevated versus many suburban locations, indicating a deeper tenant base for multifamily operators and potential for steady absorption with the right unit mix and pricing strategy.
Within a 3‑mile radius, population has been broadly stable in recent years while household counts are projected to rise and average household size to decline. This shift typically expands the renter pool and supports occupancy stability as more, smaller households seek professionally managed housing.
Ownership costs in the neighborhood are high by national standards, which tends to sustain reliance on rental housing and can reinforce pricing power for well-located units. Median contract rents in the area are also higher than national benchmarks, but rent-to-income levels indicate headroom for disciplined revenue management rather than pronounced affordability pressure.
Safety indicators compare modestly favorably to national averages overall, with the neighborhood scoring slightly safer than the national midpoint. Recent trend data shows notable year‑over‑year improvements in both violent and property offenses, which can reduce operational friction and support resident retention.
That said, property crime has historically been elevated versus national norms, even with the recent decline. Investors should underwrite standard security measures, lighting, and access controls, and monitor submarket trends alongside broader metro patterns rather than relying on block‑level anecdote.
Nearby life sciences and semiconductor employers anchor a large professional workforce, supporting commuter convenience and leasing depth for multifamily. Key employers include Thermo Fisher Scientific, Lam Research, and Boston Scientific.
- Thermo Fisher Scientific — life sciences (1.1 miles)
- Lam Research Corporation CA8 — semiconductor equipment (1.3 miles)
- Boston Scientific - Building 5 — medical devices (1.4 miles)
- Lam Research - CA9 — semiconductor equipment (1.6 miles)
- Lam Research — semiconductor equipment (1.7 miles) — HQ
Built in 1986, the asset is older than the neighborhood’s predominantly newer inventory, presenting clear value‑add opportunities through targeted renovations and system upgrades to compete with 2010s‑vintage stock. The location benefits from high household incomes, top‑ranked schools, and strong amenity access, while elevated ownership costs in the area tend to sustain multifamily demand and reduce move‑out pressure. According to CRE market data from WDSuite, the renter‑occupied share in the neighborhood is comparatively high for a suburban setting, pointing to depth in the tenant base even as operators navigate softer neighborhood occupancy.
Within a 3‑mile radius, recent stability in population alongside projected growth in household counts and smaller household sizes signals a larger pool of renters over time. Proximity to major life sciences and semiconductor employers adds daytime population and supports leasing velocity for well‑finished units.
- Value‑add potential: 1986 vintage versus newer neighborhood stock
- Demand drivers: top‑tier schools and strong amenity access
- High‑income area and elevated ownership costs support rental retention
- Employer proximity (life sciences/semiconductor) supports leasing
- Risk: softer neighborhood occupancy and historically higher property crime require prudent underwriting