| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 77th | Good |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37165 Lanyard Ter, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
37165 Lanyard Ter, Fremont CA Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data. This commercial real estate analysis frames the asset within a stable suburban pocket of Alameda County.
Located in a suburban Fremont setting with a C+ neighborhood rating, the area emphasizes residential stability over retail density. Parks are a relative strength, with park access performing in the top quartile nationally, while on-site retail and cafes are sparse compared to metro peers. For investors, this points to a quieter residential environment where amenities center on open space rather than storefront activation.
Rents in the neighborhood benchmark high versus national norms and sit above many metro subareas, while the neighborhood occupancy rate is elevated, supporting leasing stability at the submarket level. The share of housing units that are renter-occupied is substantial, indicating a meaningful tenant base that can sustain demand across lease cycles. Elevated home values within the neighborhood, alongside strong household incomes, reinforce reliance on multifamily housing for many households, which can aid lease retention and pricing power.
Within a 3-mile radius, demographic data show households have inched higher in recent years even as average household size trends lower, broadening the renter pool and supporting unit absorption. Forward-looking estimates indicate additional growth in households alongside income gains, which typically underpins steady demand for professionally managed rentals and supports occupancy.
The average construction year across nearby stock is 1979, while this property’s 1988 vintage is newer than much of the neighborhood inventory. That positioning can be competitive versus older buildings, though investors should underwrite ongoing system upgrades and selective renovations to maintain standing against newer product.
Safety indicators compare favorably at the national level, with overall crime positioning in the upper quartile nationally for safer neighborhoods. Violent offense measures also trend better than national averages, and one-year estimates point to notable declines in both violent and property offenses. These trends suggest an improving backdrop that can support tenant retention and leasing consistency.
At the metro scale, neighborhood safety varies by pocket, and conditions can differ block to block. Investors should pair these directional signals with property-level diligence and ownership best practices such as lighting, access control, and resident engagement to maintain stability over time.
Proximity to advanced manufacturing and life sciences employers supports a diversified renter base and commute convenience. The nearby employment mix includes Sanmina, SYNNEX, Lam Research, Thermo Fisher Scientific, and Boston Scientific.
- Sanmina Corporation — electronics manufacturing (4.2 miles)
- Synnex — IT distribution (4.9 miles) — HQ
- Lam Research — semiconductor equipment (5.8 miles) — HQ
- Thermo Fisher Scientific — life sciences (6.1 miles)
- Boston Scientific - Building 5 — medical devices (7.3 miles)
This 24-unit, 1988-vintage asset sits in a high-income Fremont neighborhood where elevated home values and strong household earnings sustain reliance on multifamily rentals. Neighborhood occupancy remains solid and renter-occupied housing is meaningful, pointing to depth of demand and stable lease-up dynamics. According to CRE market data from WDSuite, the area’s rent levels are structurally high relative to national norms, while rent-to-income readings suggest manageable affordability pressure that can aid retention.
Relative to the neighborhood’s older average stock, the property’s vintage offers competitive positioning, though investors should plan for modernization of building systems and selective interior updates to stay competitive with newer deliveries. Household counts within a 3-mile radius have been trending upward and are projected to continue rising, expanding the tenant base and supporting occupancy and rent growth management over the hold period.
- High-cost ownership market supports durable multifamily demand and lease retention
- Solid neighborhood occupancy and sizable renter-occupied share underpin leasing stability
- 1988 vintage is newer than neighborhood average, with value-add via targeted upgrades
- Diversified nearby employment (tech, life sciences, manufacturing) supports tenant base
- Risks: limited nearby retail amenities and capex for aging systems; monitor affordability pressure