| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 76th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3700 Rutledge Cmn, Fremont, CA, 94538, US |
| Region / Metro | Fremont |
| Year of Construction | 1978 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3700 Rutledge Cmn Fremont Multifamily Investment
This 104-unit property built in 1978 sits in a neighborhood with 93.2% occupancy rates and strong rental demand fundamentals, according to WDSuite's CRE market data.
The property sits in a neighborhood rated A- that ranks in the top quartile among 469 metro neighborhoods for overall investment fundamentals. Built in 1978, this vintage aligns with neighborhood averages and presents potential value-add opportunities through targeted capital improvements and unit upgrades.
Local rental dynamics show strength with 93.2% neighborhood-level occupancy rates and a median contract rent of $2,340 that has grown 41.4% over five years. With 59.2% of housing units renter-occupied—ranking in the 93rd percentile nationally—the area demonstrates sustained rental demand. Home values averaging $1.19 million reinforce rental demand as elevated ownership costs keep households in the multifamily market.
Demographic data aggregated within a 3-mile radius shows a mature, stable population of 125,862 residents with a median household income of $159,982. The area attracts educated professionals, with 31.6% holding bachelor's degrees. Forward-looking projections indicate household growth of 33.3% by 2028, expanding the renter pool and supporting occupancy stability across the submarket.
The neighborhood offers strong amenity density with top-tier schools averaging 5.0 out of 5.0 ratings, 8.72 grocery stores per square mile (99th percentile nationally), and 7.63 childcare facilities per square mile (100th percentile nationally). This infrastructure supports tenant retention and appeals to the area's family-oriented demographic base.
The neighborhood's safety profile shows mixed trends that warrant monitoring. Property crime rates of 806 incidents per 100,000 residents rank in the 27th percentile nationally, indicating higher-than-average property crime levels compared to neighborhoods nationwide. However, property crime has declined 48.1% year-over-year, ranking in the 87th percentile for improvement trends.
Violent crime remains relatively contained at 110 incidents per 100,000 residents, though this places the area in the 29th percentile nationally. Investors should consider these safety metrics when evaluating tenant retention strategies and insurance considerations, while noting the positive trajectory in property crime reduction.
The property benefits from proximity to major technology and manufacturing employers that support workforce housing demand in the Fremont submarket.
- Sanmina Corporation — electronics manufacturing (2.3 miles)
- Synnex — technology distribution (3.0 miles) — HQ
- Lam Research — semiconductor equipment (3.1 miles)
- Lam Research Corporation — semiconductor equipment (3.4 miles) — HQ
- Thermo Fisher Scientific — life sciences (3.6 miles)
This 104-unit property presents a value-add opportunity in a fundamentally strong Fremont submarket. The 1978 construction vintage positions the asset for strategic capital improvements while benefiting from an A- rated neighborhood with 93.2% occupancy rates and robust rental demand drivers. Demographic projections show household growth of 33.3% by 2028, expanding the tenant base within a 3-mile radius that already demonstrates high renter preference and elevated ownership costs that reinforce multifamily demand.
The property's location near major technology employers including Lam Research and Synnex headquarters provides workforce housing appeal, while strong school ratings and amenity density support tenant retention. Commercial real estate analysis from WDSuite indicates the neighborhood ranks in the top quartile among 469 metro areas for overall investment fundamentals, with contract rents growing 41.4% over five years despite relatively affordable rent-to-income ratios.
- Strong occupancy fundamentals with 93.2% neighborhood-level rates and 59.2% renter-occupied housing stock
- Value-add potential through 1978 vintage property improvements in A- rated neighborhood
- Household growth projections of 33.3% by 2028 supporting expanded rental demand
- Proximity to major technology employers provides workforce housing stability
- Risk consideration: Property crime rates above national averages require ongoing security assessment