| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 77th | Good |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37139 Denning Ter, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
37139 Denning Ter, Fremont CA Multifamily Investment
Positioned in a high-cost ownership market with solid neighborhood occupancy, this 24-unit asset benefits from durable renter demand, according to CRE market data from WDSuite.
Fremont’s suburban setting combines strong housing fundamentals with limited immediate retail density. Neighborhood occupancy is above the metro median and ranks in the 82nd percentile nationally, a positive indicator for income stability at the submarket level (these occupancy metrics reflect the neighborhood, not the property). Renter-occupied housing represents a meaningful share of local units and sits in a high national percentile, signaling depth in the tenant base for multifamily operators.
Local amenity density is modest by metro standards — cafe, grocery, pharmacy, and restaurant counts per square mile rank near the bottom among 469 Oakland–Berkeley–Livermore metro neighborhoods — but park access is a relative strength, with parks per square mile in the top national percentiles. For investors, this mix suggests a primarily residential environment where leasing decisions may hinge more on schools, commute patterns, and on-site amenities than on walkable retail.
Home values are elevated for the metro and sit in the top national percentiles, while the neighborhood’s rent-to-income ratio remains comparatively moderate. In practice, this high-cost ownership market tends to reinforce reliance on rental housing and can support pricing discipline and lease retention, especially for well-maintained product.
Within a 3-mile radius, households have grown even as overall population has edged down, with average household size trending smaller. This dynamic expands the pool of renting households over time and supports occupancy stability. Educational attainment in the neighborhood is strong by national standards, which often aligns with steady demand for professionally managed apartments, based on CRE market data from WDSuite.
Vintage and competitive positioning: The property’s 1987 construction is newer than the neighborhood’s average vintage (1979). That positioning can be advantageous versus older stock, though investors should account for modernization of aging systems and common areas to remain competitive with renovated comparables.
Safety indicators are mixed in a way familiar to Bay Area suburbs. Nationally, the neighborhood benchmarks in favorable percentiles for both violent and overall offenses, placing it above many U.S. neighborhoods. Within the Oakland–Berkeley–Livermore metro, however, it ranks 30th out of 469 on crime — a lower rank indicates relatively higher incident levels versus other local neighborhoods — so performance should be evaluated in a metro context rather than by national comparison alone.
Recent trend data is constructive: estimated violent and property offense rates have declined year over year, with reductions ranking in strong national percentiles. For investors, the directional improvement helps support leasing stability, but underwriting should still incorporate standard risk controls, security measures, and property-level mitigation consistent with the submarket.
Proximity to major advanced manufacturing and technology employers supports a deep commuter tenant base and can aid retention for workforce and professional renters. Key nearby employers include Sanmina, SYNNEX, and Lam Research offices.
- Sanmina Corporation — electronics manufacturing (4.3 miles)
- Synnex — technology distribution (5.0 miles) — HQ
- Lam Research - CA9 — semiconductor equipment offices (5.6 miles)
- Lam Research Corporation CA8 — semiconductor equipment offices (5.8 miles)
- Lam Research — semiconductor equipment (5.9 miles) — HQ
This 24-unit, 1987-vintage property sits in a neighborhood with above-metro-median occupancy and strong renter concentration, underscoring a durable base of multifamily demand. Elevated home values and a comparatively moderate rent-to-income profile support pricing power and lease retention, while household growth within 3 miles points to a gradually expanding renter pool. According to CRE market data from WDSuite, neighborhood occupancy also ranks favorably at the national level, reinforcing the case for income stability.
Relative to the neighborhood’s older average vintage, 1987 construction can compete well against aging stock, with scope for targeted value-add through interior updates and system modernization. Amenity density immediately nearby is limited, so on-site features and unit finishes are likely to be important differentiators. Directional crime improvements add support, though underwriting should still reflect metro-relative safety positioning and potential operating expenses for security and asset preservation.
- Above-metro-median neighborhood occupancy supports income stability
- High-cost ownership market bolsters renter reliance and pricing discipline
- 1987 vintage offers competitive positioning with clear value-add pathways
- 3-mile household growth and strong educational attainment deepen the tenant base
- Risks: lower local retail density and metro-relative crime require thoughtful amenity strategy and security planning