| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 77th | Good |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2994 Cheswycke Ter, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2994 Cheswycke Ter Fremont Multifamily Investment
Neighborhood occupancy remains strong and supported by a deep, high-income renter base, according to WDSuite’s CRE market data. Elevated ownership costs in Fremont further sustain apartment demand and can aid lease retention for well-positioned assets.
Livability tilts suburban: local retail and cafe density score below the metro median (Oakland–Berkeley–Livermore ranks), but the area offers extensive park access that rates in the top percentiles nationally. For investors, this mix points to car-oriented convenience with recreational appeal rather than a storefront-heavy streetscape.
Neighborhood indicators show resilient renter demand. Neighborhood occupancy sits above national norms, and roughly half of housing units are renter-occupied—framed as renter concentration—supporting depth of the tenant base and leasing stability. Median contract rents track high for the region while the rent-to-income ratio remains comparatively moderate, a combination that can help sustain renewal rates.
Within a 3-mile radius, demographics indicate a slight population dip in recent years but an increase in households and smaller average household sizes. This shift typically expands the renter pool and supports occupancy stability, even as population growth moderates. Household incomes in the radius are notably high, reinforcing the ability to pay for quality rentals and reducing near-term collection risk.
Vintage matters: the property was built in 1988, newer than the neighborhood’s average 1979 construction year. That positioning can be competitively advantageous versus older stock, though investors should still plan for modernization of aging systems and targeted upgrades to capture renter preferences.
Relative positioning in the metro: the neighborhood’s overall profile is competitive in some categories but mixed in amenities (ranked below the metro median among 469 neighborhoods). Nationally, strong park access and high educational attainment percentiles differentiate the area, while limited immediate retail options suggest residents rely on nearby corridors for daily needs.
Safety signals are mixed but trending favorable. Nationally, the neighborhood compares well, landing in higher safety percentiles, and both violent and property offense estimates show year-over-year declines. These trends support a stable operating backdrop for multifamily.
Within the Oakland–Berkeley–Livermore metro, the neighborhood’s crime rank sits closer to the higher-incident end of the spectrum (ranked 30 among 469 neighborhoods, where a lower rank indicates more crime). In practice, this means conditions are comparatively better than many areas nationwide but less differentiated within the local metro. Investors should underwrite routine security, lighting, and resident engagement measures and monitor continued improvement.
Nearby advanced manufacturing and life sciences employers help anchor the renter base and shorten commutes for residents, including Sanmina, SYNNEX, Lam Research, and Thermo Fisher Scientific. This concentration supports leasing durability for workforce and professional tenants.
- Sanmina Corporation — electronics manufacturing services (4.3 miles)
- Synnex — IT distribution (4.9 miles) — HQ
- Lam Research - CA9 — semiconductor equipment (5.6 miles)
- Lam Research — semiconductor equipment (5.9 miles) — HQ
- Thermo Fisher Scientific — life sciences (6.2 miles)
This 24-unit, 1988-vintage asset in Fremont benefits from a high-income renter base, strong neighborhood occupancy, and a homeownership market with elevated values that reinforces reliance on rentals. The vintage is newer than the neighborhood average, suggesting competitive positioning versus older stock, with scope for targeted renovations to enhance rentability.
According to CRE market data from WDSuite, the neighborhood posts above-average occupancy and a sizable share of renter-occupied units, supporting a stable tenant base. Within a 3-mile radius, households are increasing as average household sizes decline, indicating more renters entering the market and supporting steady lease-up and renewals. Key risks include below-median local retail density and a metro crime rank that warrants standard operational mitigations.
- High-income renter base and elevated ownership costs support durable demand
- Above-average neighborhood occupancy and meaningful renter concentration back leasing stability
- 1988 vintage offers competitive positioning with value-add modernization potential
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: limited immediate amenities and a metro crime rank that calls for standard security practices