| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 77th | Good |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37148 Talbert Ter, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
37148 Talbert Ter, Fremont Multifamily Investment
Neighborhood occupancy trends are steady and renter demand is reinforced by a high-cost ownership market, according to WDSuite’s CRE market data.
Fremont’s suburban setting offers strong livability for renters, with notable park access that ranks in the upper tier nationally, while day-to-day retail is more dispersed and typically reached by short drives. School rating data for this specific neighborhood is not available in WDSuite, so investors should underwrite education quality using local district reports if relevant to the renter profile.
The neighborhood’s occupancy is above the metro median (215 of 469 neighborhoods) and places in the stronger range nationally, supporting expectations for leasing stability. Renter-occupied housing accounts for roughly half of units locally (48.5% renter-occupied), indicating a meaningful tenant base for multifamily product without overreliance on any single renter segment.
Home values in the neighborhood are elevated relative to most U.S. areas and sit near the top of national percentiles, which tends to sustain reliance on rental housing and can support pricing power for quality assets when managed carefully. In practical underwriting terms, high ownership costs can bolster retention among income-qualified renters, especially when paired with competitive unit finishes and responsive operations.
Within a 3-mile radius, households have grown modestly in recent years and are projected to increase further, even as average household size trends smaller. This pattern typically expands the renter pool and supports occupancy stability. The subject property’s 1987 vintage is newer than the neighborhood’s average construction year (1979), suggesting relative competitiveness versus older stock; investors should still plan for modernization of building systems and interiors to capture value-add upside as part of disciplined commercial real estate analysis.
Safety indicators are mixed in a way investors should weigh by submarket strategy and renter profile. The neighborhood’s crime rank sits at 30 out of 469 metro neighborhoods, which indicates a less favorable position within the metro. At the same time, national comparisons are comparatively better, with overall safety trending around the upper third of U.S. neighborhoods and notable year-over-year declines in both violent and property offenses, according to WDSuite.
For underwriting, this suggests emphasizing on-site security measures, lighting, and resident engagement while recognizing that broader trends have improved. Benchmark comps within Fremont and adjacent submarkets can clarify achievable premiums for renovated assets with strong management.
Nearby advanced manufacturing and technology employers underpin a deep professional workforce and convenient commutes for residents, supporting demand and retention for well-managed workforce and market-rate units. The list below highlights leading institutions within a short drive.
- Sanmina Corporation — electronics manufacturing (4.3 miles)
- Synnex — IT distribution (5.0 miles) — HQ
- Lam Research - CA9 — semiconductor equipment (5.6 miles)
- Lam Research Corporation CA8 — semiconductor equipment (5.8 miles)
- Lam Research — semiconductor equipment (5.9 miles) — HQ
37148 Talbert Ter is a 24-unit, 1987-vintage asset in Fremont, a high-cost ownership market where elevated home values help sustain multifamily demand. Neighborhood occupancy runs above the metro median and compares favorably at the national level, supporting stable leasing assumptions, according to CRE market data from WDSuite. With roughly half of nearby housing units renter-occupied, the depth of the tenant base is meaningful for a property of this scale.
The vintage provides a practical platform for value-add: newer than the neighborhood average stock yet old enough to benefit from selective system upgrades, common-area improvements, and interior renovations. Within a 3-mile radius, households have been increasing and are projected to expand further as household sizes trend smaller, which can enlarge the renter pool and support occupancy and rent trade-outs for renovated units. Key risks include mixed safety positioning within the metro and limited walkable retail, which argues for strong on-site amenities and attentive asset management.
- Above-metro-median neighborhood occupancy supports stable leasing
- High-cost ownership market reinforces multifamily demand and pricing power
- 1987 vintage offers value-add upside via targeted renovations and system upgrades
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: mixed metro safety ranking and limited walkable retail require strong operations