| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 74th | Good |
| Amenities | 29th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 35955 Fremont Blvd, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | 2020-04-01 |
| Transaction Price | $12,235,000 |
| Buyer | NICOLET FREMONT LLC |
| Seller | NICOLET APTS LP |
35955 Fremont Blvd Fremont Multifamily in High-Cost Market
Positioned in Fremont an inner-suburban location with strong incomes and limited ownership accessibility 4the asset benefits from a deep renter base and stable occupancy, according to WDSuite s CRE market data.
Fremont s Inner Suburb setting offers a balanced mix of livability and commuting access, with neighborhood occupancy around 96.7% and renter demand supported by a high-income resident base (neighborhood metrics, not property-level), based on CRE market data from WDSuite. Grocery access is comparatively solid while walkable cafes, restaurants, parks, and pharmacies are more limited, suggesting convenience by car rather than foot.
Schools score strongly for the area, with the average school rating at the top of the metro and top percentile nationally, a factor that tends to support retention for family-oriented renters. Childcare density is also comparatively high, reinforcing day-to-day convenience for households.
Within a 3-mile radius, demographics indicate a high-earning population with median and mean incomes well above national norms. Household counts have edged higher even as total population has softened, implying smaller average household size and a steady renter pool. Forward-looking data points to meaningful growth in households alongside further income gains, which typically underpins multifamily absorption and supports occupancy stability.
Relative to the Oakland Berkeley Livermore metro, the neighborhood s housing and demographics score above the metro median, and national percentiles for amenities are mixed: strong for groceries and childcare, lean for cafes, dining, and parks. Elevated home values for the area create a high-cost ownership market, which generally sustains reliance on rental housing and can support pricing power with thoughtful lease management.
Neighborhood safety indicators compare favorably to national norms, with overall conditions reading stronger than the U.S. average. Recent trend data shows notable year-over-year declines in both property and violent offense rates, pointing to an improving backdrop rather than deterioration. These are neighborhood-level signals and not specific to the property.
Within the Oakland Berkeley Livermore metro, the area reads competitive on safety measures, and national percentile readings place it above average compared with neighborhoods nationwide. Investors should monitor trend direction over time, but current readings suggest a supportive environment for tenant retention and lease stability.
The employment base nearby skews toward technology, electronics manufacturing, and life sciences a mix that supports well-paid renters and commute convenience for workforce housing. Featured employers below reflect the closest concentration influencing day-to-day tenant demand.
- Sanmina Corporation electronics manufacturing (4.7 miles)
- Synnex technology distribution (5.4 miles) HQ
- Lam Research CA9 semiconductor equipment (6.2 miles)
- Lam Research Corporation CA8 semiconductor equipment (6.4 miles)
- Lam Research semiconductor equipment (6.5 miles) HQ
35955 Fremont Blvd is a 30-unit asset in a high-income inner-suburban neighborhood where elevated ownership costs and strong schools help sustain multifamily demand. Neighborhood occupancy is high and renter concentration in the broader 3-mile area is meaningful, supporting depth of the tenant base; according to CRE market data from WDSuite, local incomes and home values outpace national norms, which typically reinforces lease retention and pricing power when operations are managed carefully.
Built in 1972, the property is newer than the local average vintage and can compete against older stock, though investors should plan for systems modernization and targeted renovations to position units effectively. Proximity to diversified tech and manufacturing employers supports leasing, while limited walkable amenities and soft population trends are risk factors to monitor alongside capital needs.
- Stable neighborhood occupancy and high-income renter base support demand
- 1972 vintage offers value-add via modernization while competing with older stock
- High-cost ownership market reinforces reliance on rentals and pricing power
- Nearby tech and manufacturing employers underpin commute-friendly leasing
- Risks: limited walkable amenities, soft population trend, and capex for aging systems