| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 77th | Good |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37293 Flin Cmn, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
37293 Flin Cmn Fremont Multifamily Investment
This 24-unit property in Fremont's suburban market benefits from strong neighborhood-level occupancy at 96.7% and proximity to major Bay Area employers. According to WDSuite's CRE market data, the area demonstrates solid rental demand fundamentals with high median household incomes supporting lease stability.
This Fremont neighborhood ranks in the top quartile among 469 Oakland-Berkeley-Livermore metro neighborhoods for housing metrics, with neighborhood-level occupancy at 96.7% and a rental share of 48.5%. The area's median household income of $164,917 places it in the 96th percentile nationally, supporting strong tenant quality and payment reliability for multifamily operators.
Built in 1988, this property aligns with the neighborhood's average construction year of 1979, positioning it well within established building stock without significant obsolescence concerns. Demographics within a 3-mile radius show a stable population base of approximately 157,000 residents, with 45.4% of households renting and projected household growth of 34.2% through 2028, expanding the potential tenant pool.
The neighborhood's high home values, with a median of $1.49 million representing the 99th percentile nationally, create affordability barriers that can keep households in the rental market longer. Contract rents have grown 19.3% over five years to a median of $2,846, while the rent-to-income ratio of 0.19 suggests manageable housing costs for the area's affluent demographic profile.
Amenity access presents mixed signals, with excellent park density ranking in the 97th percentile nationally but limited immediate retail and dining options. The suburban character attracts families and professionals seeking quieter residential environments while maintaining access to Bay Area employment centers.
Safety metrics show this neighborhood performing above average within the metro area, ranking 30th out of 469 neighborhoods for overall crime levels and placing in the 73rd percentile nationally. Violent crime rates are particularly low at 10.6 incidents per 100,000 residents, ranking in the 69th percentile compared to neighborhoods nationwide.
Recent trends indicate improving conditions, with property crime declining by 50.4% year-over-year and violent crime dropping by 63.2%, both representing favorable directional movement. These safety improvements can support tenant retention and attract quality renters seeking secure residential environments in the competitive Bay Area market.
The property benefits from proximity to major technology and manufacturing employers, supporting consistent demand from well-compensated professionals in the Bay Area's core industries.
- Sanmina Corporation — electronics manufacturing (4.1 miles)
- Synnex — technology distribution (4.8 miles) — HQ
- Lam Research — semiconductor equipment (5.8 miles) — HQ
- Thermo Fisher Scientific — life sciences (6.1 miles)
- Boston Scientific — medical devices (7.2 miles)
This 24-unit Fremont property presents a stable cash flow opportunity in a high-income suburban market with strong occupancy fundamentals. The neighborhood's 96.7% occupancy rate and top-quartile housing metrics among metro neighborhoods indicate consistent rental demand, while the area's median household income in the 96th percentile nationally supports reliable rent collection and potential for measured rent growth.
Built in 1988, the property aligns with neighborhood construction norms, minimizing obsolescence risk while offering potential value-add opportunities through targeted improvements. Demographics within a 3-mile radius show projected household growth of 34.2% through 2028, expanding the renter pool, while high local home values create affordability barriers that can extend tenant retention periods.
- Strong occupancy fundamentals with neighborhood-level rate at 96.7%
- High-income tenant base with median household income of $164,917
- Proximity to major Bay Area technology and life sciences employers
- Projected 34.2% household growth expanding rental demand through 2028
- Risk: Limited immediate retail amenities may affect tenant appeal