| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 77th | Good |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3155 Cardenas Ter, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3155 Cardenas Ter Fremont Multifamily Investment
Neighborhood occupancy trends sit above the metro median and elevated ownership costs reinforce rental demand in Fremont, according to WDSuite’s CRE market data.
Fremont’s suburban setting offers steady renter demand supported by strong household incomes and a high-cost ownership market. Neighborhood occupancy is above the metro median and competitive nationally, which supports lease-up velocity and retention for a well-run 24‑unit property.
Within a 3‑mile radius, households have increased while average household size has edged lower, pointing to more, smaller households forming—an investor-positive setup for multifamily demand depth and occupancy stability. Income levels are comparatively high for the region, and rents have trended upward in recent years, with WDSuite’s commercial real estate analysis indicating continued resilience in the local renter pool.
Local amenity density immediately around the address is limited for retail and daily services, but park access is a relative strength for the neighborhood. This supports livability for residents who prioritize green space, while broader regional employment hubs are accessible within typical East Bay commute patterns.
The neighborhood shows a higher share of renter-occupied housing units than many metro peers, indicating a deep tenant base that can help sustain occupancy and pricing power as leases turn. Elevated home values in the area signal a high-cost ownership market, which typically sustains reliance on multifamily rentals and supports investor underwriting focused on retention and stabilized operations.
Safety indicators for the neighborhood are generally above the national median, with recent year‑over‑year declines in both violent and property offenses, according to WDSuite’s CRE market data. This improvement trend supports renter confidence and can aid renewal rates.
Compared with other parts of the Oakland–Berkeley–Livermore metro, reported crime levels are mixed by category, but the notable downward trajectory over the past year is a constructive signal. Investors should continue to monitor neighborhood‑level trends and property‑specific measures to maintain resident peace of mind and protect asset performance.
Nearby advanced manufacturing and life sciences employers underpin a diversified employment base that supports workforce housing demand and commuting convenience. Key nodes include Sanmina, SYNNEX, Lam Research, Thermo Fisher Scientific, and Boston Scientific.
- Sanmina Corporation — electronics manufacturing (4.2 miles)
- Synnex — technology distribution (4.9 miles) — HQ
- Lam Research — semiconductor equipment (5.9 miles) — HQ
- Thermo Fisher Scientific — life sciences (6.2 miles)
- Boston Scientific - Building 5 — medical devices (7.3 miles)
3155 Cardenas Ter is a 24‑unit, 1988‑vintage asset in Fremont—newer than the neighborhood’s average building stock—positioning it competitively versus older comparables while leaving room for targeted modernization to enhance rents and operating resiliency. Neighborhood occupancy is above the metro median and compares well nationally, and a higher renter-occupied share signals a deep tenant base. Elevated home values create a high-cost ownership market that tends to sustain multifamily reliance and supports pricing power with disciplined lease management, based on CRE market data from WDSuite.
Within a 3‑mile radius, households are growing even as average household size trends lower, expanding the renter pool and supporting stable absorption. Income levels are strong regionally and rent trends have been constructive, with forward indicators pointing to continued demand from nearby tech and life sciences employment centers. Principal risks include limited immediate retail amenity density and the need to budget for system upgrades typical of late‑1980s construction to maintain competitive positioning.
- 1988 construction offers competitive positioning versus older stock, with value‑add potential via selective modernization
- Above‑median neighborhood occupancy and a deep renter base support leasing stability
- High-cost ownership market reinforces rental demand and can support pricing power
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Risks: limited immediate retail density; plan for late‑1980s system upgrades to sustain competitiveness