| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 76th | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3330 Country Dr, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1979 |
| Units | 80 |
| Transaction Date | 1995-10-25 |
| Transaction Price | $5,500,000 |
| Buyer | COUNTRY DRIVE ASSOCIATES |
| Seller | HOELSCHER FRITZ |
3330 Country Dr, Fremont CA Multifamily Investment
Positioned in a high-amenity Fremont enclave where elevated ownership costs sustain renter reliance on multifamily housing, the submarket shows steady occupancy and income depth, according to WDSuite’s CRE market data. Investors can target durable demand drivers with operational focus while evaluating value-add upside tied to a 1979 vintage.
The property sits in an Urban Core pocket of Fremont rated A+ and ranked 6 out of 469 metro neighborhoods, placing it firmly above the metro median and within the top tier locally. Amenity access is a standout: grocery, childcare, pharmacies, and dining density score in the top national percentiles, supporting resident convenience and lease retention.
Vintage matters. Built in 1979, this asset is older than the neighborhood’s average construction year (1989), which points to potential capital planning and value‑add opportunities. Modernizing interiors and common areas can help the property compete against newer stock while capturing demand from renters prioritizing location and convenience.
Within a 3‑mile radius, household incomes skew high and home values are elevated, which reinforces multifamily demand by making renting a practical alternative to ownership. Median contract rents also trend on the higher side, yet rent-to-income levels indicate manageable affordability pressure for many households — a backdrop that can support pricing power and retention with disciplined lease management.
Demand fundamentals are supported by local demographics aggregated within 3 miles: households are projected to increase over the next five years even as average household size trends smaller, expanding the tenant base and supporting occupancy stability. Compared with national CRE trends, this neighborhood’s amenities and income profile position it competitively for sustained renter interest, based on CRE market data from WDSuite.
Safety indicators for the neighborhood are mixed but trending positively. Relative to 469 neighborhoods in the Oakland–Berkeley–Livermore metro, the area sits below the metro median for safety, and it aligns around the middle of neighborhoods nationally. However, recent year-over-year data show meaningful improvement, an important trend for investor underwriting.
According to WDSuite’s data, estimated violent offenses declined by about 27% year over year, and estimated property offenses fell by roughly 35%. While investors should continue to monitor local conditions, the downward trajectory suggests improving risk context versus prior periods.
Nearby advanced manufacturing and technology employers support a deep, skilled renter base and commute-convenient housing demand. Key demand drivers include Sanmina, Synnex, Lam Research, and Thermo Fisher Scientific.
- Sanmina Corporation — electronics manufacturing (3.3 miles)
- Synnex — technology distribution (4.0 miles) — HQ
- Lam Research - CA9 — semiconductor equipment (4.5 miles)
- Lam Research Corporation CA8 — semiconductor equipment (4.7 miles)
- Lam Research — semiconductor equipment (4.8 miles) — HQ
- Thermo Fisher Scientific — life sciences (5.1 miles)
3330 Country Dr offers 80 units averaging roughly 754 square feet in a Fremont location with top-tier neighborhood credentials and abundant amenities. Built in 1979, the asset presents clear value‑add potential via renovations and systems upgrades to strengthen competitive positioning against newer comparables. Elevated home values and high household incomes in the 3‑mile trade area underpin a deep renter pool, while rent-to-income levels suggest room for disciplined pricing without overextending affordability. According to CRE market data from WDSuite, neighborhood occupancy trends are near national norms, with strong amenity access and proximity to major employers supporting leasing stability.
Forward-looking demographics aggregated within 3 miles point to household growth alongside smaller household sizes, which can expand the renter base and support steady absorption. Key underwriting considerations include measured safety improvements and ongoing capital needs typical of late-1970s construction.
- A+ neighborhood with top-tier amenities and strong local ranking (6 of 469) supporting renter demand
- 1979 vintage creates value‑add and CapEx opportunities to enhance competitiveness
- High incomes and elevated ownership costs within 3 miles reinforce depth of the renter pool and retention
- Proximity to major tech and life sciences employers supports leasing stability
- Risk: safety sits below the metro median, though recent offense rates have improved year over year