| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3330 Country Dr, Fremont CA Multifamily Value-Add
Strong neighborhood renter demand and an A+ local amenity base point to durable leasing fundamentals around the property, according to WDSuite’s CRE market data.
Located in Fremont’s Urban Core, the surrounding neighborhood is ranked 6th of 469 metro neighborhoods (A+) and is competitive among Oakland–Berkeley–Livermore submarkets for renter demand and day-to-day convenience. Amenity access is a clear strength: the area ranks 3rd of 469 for overall amenities, with grocery, pharmacy, and dining densities that land in the top quartile nationally, supporting resident retention and leasing velocity.
Rents in the neighborhood sit near the upper end of the metro, while household incomes are also elevated, keeping rent-to-income ratios comparatively manageable for many tenants. In a high-cost ownership market (home values well above national norms), multifamily assets tend to benefit from sustained reliance on rentals, which can support pricing power and occupancy stability in line with investor expectations for the Bay Area.
From a livability perspective, cafés and restaurants are dense by national standards (both ranking within the top decile), and parks are accessible relative to many peer neighborhoods. While the neighborhood occupancy rate trends around the national middle, it has inched higher over the past five years, and the renter-occupied share within the neighborhood is high—indicating depth in the tenant base that can help stabilize leasing through cycles.
Demographics within a 3-mile radius show slight population contraction in recent years alongside a modest increase in household count, implying smaller household sizes and a broader base of households entering the market. Projections point to additional household growth and higher median incomes by 2028, which supports a larger tenant base and steady multifamily demand. These patterns align with broader commercial real estate analysis for inner Bay Area neighborhoods where employment access and services remain key leasing drivers.
Safety conditions in the area track below the metro median among the 469 Oakland–Berkeley–Livermore neighborhoods and below national averages. Recent trends, however, show year-over-year declines in both violent and property offenses, indicating gradual improvement. Investors should view safety as a manageable operating consideration that may require targeted measures (lighting, access control, resident engagement) to support retention and leasing.
Nationally, the neighborhood compares weaker on safety metrics today, but the downward trend in estimated offense rates over the last year is a constructive signal. Framing safety in relative, metro-level terms helps set expectations for underwriting, insurance, and on-site management planning without over-relying on block-level assumptions.
Proximity to advanced manufacturing and technology employers supports weekday demand and commute convenience for a skilled renter base. Notable nearby employers include Sanmina, SYNNEX, Lam Research, Thermo Fisher Scientific, and Boston Scientific.
- Sanmina Corporation — electronics manufacturing (3.3 miles)
- Synnex — IT distribution (4.1 miles) — HQ
- Lam Research — semiconductor equipment (4.9 miles) — HQ
- Thermo Fisher Scientific — life sciences (5.2 miles)
- Boston Scientific - Building 5 — medical devices (6.3 miles)
Built in 1979, the property is roughly a decade older than the neighborhood’s average vintage, creating a clear value-add path through targeted renovations and systems modernization while competing against newer stock. The immediate neighborhood scores among the metro’s top locations for amenities and income levels, and sits in the top quartile nationally for NOI per unit; according to CRE market data from WDSuite, these fundamentals underpin leasing durability even as occupancy across the neighborhood holds near the national middle.
Within a 3-mile radius, household counts have edged higher despite modest population contraction, with forecasts calling for more households and higher incomes by 2028. Coupled with a high-cost ownership landscape, this dynamic supports a deeper renter pool, steadier occupancy, and the potential to capture premiums post-renovation—provided capital plans are calibrated to local safety and operating considerations.
- A+ neighborhood with top-tier amenity access; competitive among 469 metro neighborhoods
- Value-add potential from 1979 vintage versus newer local stock
- High-cost ownership market reinforces multifamily rental demand and retention
- 3-mile household growth and income gains support leasing and rent premium capture
- Risks: below-median safety locally and aging systems require capex and proactive management