| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 77th | Good |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37147 Lanyard Ter, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
37147 Lanyard Ter Fremont Multifamily Investment
This 24-unit property built in 1988 operates in a neighborhood with 96.7% occupancy and median rents of $2,846. The area demonstrates strong rental demand fundamentals, according to CRE market data from WDSuite.
This suburban Fremont neighborhood ranks in the top quartile nationally for housing fundamentals, with occupancy rates of 96.7% and median contract rents of $2,846. The area maintains 48.5% renter-occupied housing units, providing a stable tenant base for multifamily operators.
Demographics within a 3-mile radius show median household income of $152,335 with 34.3% of households earning above $200,000. The high-income profile supports rental demand, though elevated home values at $1.49 million reinforce renter reliance on multifamily housing by keeping ownership costs beyond reach for many households.
The property's 1988 construction year aligns with the neighborhood average of 1979, indicating consistent building stock without significant vintage disadvantages. Rent growth of 19.3% over five years reflects strong pricing power, while the area's 73rd percentile national ranking for safety adds to tenant appeal and retention potential.
Limited walkable amenities present both challenges and opportunities, with zero cafes, restaurants, or grocery stores per square mile. However, the neighborhood offers 3.2 parks per square mile, ranking in the 97th percentile nationally for green space access, which can support tenant satisfaction and lease renewals.
The neighborhood demonstrates above-average safety metrics, ranking 30th among 469 metro neighborhoods and achieving the 73rd percentile nationally for crime performance. Property offense rates of 334 per 100,000 residents have declined by 50.4% over the past year, indicating improving conditions.
Violent crime remains notably low at 10.6 incidents per 100,000 residents, with a 63.2% year-over-year decrease placing the area in the 91st percentile nationally for violent crime improvement. These safety trends support tenant retention and can justify premium pricing relative to less secure submarkets.
The area benefits from proximity to major technology and manufacturing employers, providing workforce housing opportunities for professionals in high-paying sectors.
- Sanmina Corporation — electronics manufacturing (4.2 miles)
- Synnex — technology distribution (4.9 miles) — HQ
- Lam Research — semiconductor equipment (5.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (6.2 miles)
- Boston Scientific — medical devices (7.3 miles)
This 24-unit property offers stable cash flow potential in a high-occupancy Fremont submarket. The neighborhood's 96.7% occupancy rate and $2,846 median rents reflect strong rental demand fundamentals, supported by limited new supply and proximity to major Bay Area employers. The 1988 construction year positions the asset for potential value-add improvements while maintaining structural integrity.
Demographics within a 3-mile radius show household growth and income expansion, with median incomes of $152,335 creating a qualified tenant pool. According to multifamily property research from WDSuite, the area's safety profile and employment base support long-term rental demand, though investors should monitor the limited walkable amenities that may affect tenant preferences over time.
- High occupancy neighborhood at 96.7% with strong rent collection potential
- Proximity to technology employers supports workforce housing demand
- 1988 vintage allows for value-add renovations and modernization
- Above-average safety metrics enhance tenant retention potential
- Risk: Limited walkable amenities may impact tenant appeal compared to urban alternatives