| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 77th | Good |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37173 Creekside Ter, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1980 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
37173 Creekside Ter Fremont Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is reinforced by a high-cost ownership market, according to WDSuite’s CRE market data. For investors, the combination points to durable leasing with room to optimize operations in a supply‑constrained East Bay location.
This suburban Fremont location sits within the Oakland–Berkeley–Livermore metro and shows solid fundamentals for workforce and professional renters. Neighborhood occupancy is 96.7%, and the renter-occupied share is 48.5% of housing units — a depth that supports leasing stability and a consistent tenant pipeline. These metrics reflect the neighborhood, not the property.
Livability skews toward open space and quiet streets rather than dense retail; local park access ranks in the upper tier nationally, while immediate counts of cafes, groceries, and pharmacies are limited. For investors, this typically favors car-based errands and a residential feel, positioning assets as convenient for commuters while emphasizing on-site amenities and parking in asset strategy.
Home values in the neighborhood are elevated (median near $1.49M) and household incomes rank high nationally, which together signal a high-cost ownership market that sustains reliance on multifamily rentals. Median contract rents are also high, yet the neighborhood rent-to-income ratio of roughly 0.19 indicates manageable affordability pressure for many households — supportive of retention and measured pricing power.
Within a 3‑mile radius, households have increased modestly over the past five years and are projected to expand further alongside smaller average household sizes. This shift points to a larger renter pool and supports occupancy stability, a view consistent with commercial real estate analysis from WDSuite’s metro and national benchmarks.
Safety indicators compare favorably to many neighborhoods nationwide and have been trending in the right direction. Recent data shows meaningful year‑over‑year declines in both violent and property offenses, indicating improving conditions for residents and asset operations. While safety can vary by block and over time, the broader neighborhood trend supports stable multifamily tenancy and day‑to‑day livability.
Nearby advanced manufacturing and technology employers provide a steady white‑ and blue‑collar employment base, underpinning renter demand and commute convenience. Key employers include Sanmina, TD SYNNEX, and Lam Research facilities.
- Sanmina Corporation — electronics manufacturing (4.2 miles)
- Synnex — technology distribution (4.9 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
This 24‑unit Fremont asset benefits from neighborhood occupancy in the mid‑to‑high 90s and a renter base supported by elevated ownership costs. High national standing for incomes and home values reinforces multifamily demand, while rent-to-income levels suggest room for disciplined revenue management and tenant retention. Within a 3‑mile radius, a projected increase in households and smaller household sizes point to a larger tenant base over time, supporting leasing stability.
Based on CRE market data from WDSuite, the submarket’s fundamentals — high park access, limited immediate retail density, and strong employer access — favor properties positioned for commuters and professional households. Execution focus should center on operational efficiency, parking and on-site amenity value, and renewal strategy calibrated to measured affordability.
- High neighborhood occupancy and sizable renter-occupied share support stable lease-up and renewals
- Elevated ownership costs sustain reliance on rentals, aiding pricing power and retention
- 3-mile household growth and smaller household sizes expand the tenant base over time
- Proximity to major tech and manufacturing employers supports steady renter demand
- Risk: limited immediate retail options and modest population softening require emphasis on on-site value and renewals