| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 77th | Good |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37297 Sequoia Ter, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1995 |
| Units | 50 |
| Transaction Date | 2025-11-25 |
| Transaction Price | $50,250,000 |
| Buyer | 37200 PASEO PADRE PKWY TIC I OWNER LLC |
| Seller | PASEO FREMONT APARTMENTS LLC |
37297 Sequoia Ter Fremont Multifamily Investment
Neighborhood occupancy is above metro medians and supported by a deep, high-income renter base, according to WDSuite’s CRE market data, positioning this asset for stable leasing in a high-cost ownership market.
Located in suburban Fremont within the Oakland–Berkeley–Livermore metro, the neighborhood shows solid fundamentals for rental housing. Neighborhood occupancy trends sit in the top quartile nationally and are above the metro median, signaling stable demand and reduced downtime risk relative to weaker submarkets.
Livability is mixed: park access ranks strong (97th percentile nationally), while day-to-day retail like groceries, pharmacies, and cafes is limited within the neighborhood itself, reinforcing a more car-oriented pattern typical of suburban nodes. For investors, this usually favors residents prioritizing space and commute flexibility over retail walkability, with leasing supported by regional job centers in Fremont and the South Bay.
The asset’s 1995 vintage is newer than the area’s average construction year (1979). That positioning typically enhances competitiveness versus older stock, while still warranting targeted modernization or systems updates to support rent premiums and retention.
Tenure patterns indicate a substantial share of housing units are renter‑occupied (near the upper end for the metro), which supports depth of the tenant base. Within a 3‑mile radius, households have edged higher in recent years and are projected to expand further as average household size trends down, which can increase the pool of renters and support occupancy stability. Elevated home values (around the 99th percentile nationally) and high household incomes (mid‑ to upper‑90s percentiles) create a high‑cost ownership market that tends to sustain multifamily demand; rent levels are correspondingly high (upper‑90s percentiles) with a rent‑to‑income profile that suggests manageable affordability pressure for many local earners.
Safety indicators compare favorably versus national norms for similar neighborhoods. Overall crime sits around the 73rd percentile nationally (higher percentile indicates relatively safer conditions), with violent‑offense rates in the upper third nationwide and property‑offense levels closer to mid‑national ranges.
Recent trend data points to improvement: year‑over‑year estimated rates show sizable declines for both violent and property offenses, placing the neighborhood in the 90th percentile range nationally for improvement momentum. While block‑level conditions can vary, these directional trends support leasing stability narratives common to stronger suburban locations.
Proximity to advanced manufacturing and technology employers underpins renter demand and commute convenience, with notable nearby hubs from Sanmina, TD SYNNEX, and Lam Research supporting a steady professional tenant base.
- 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 50‑unit asset (built 1995) sits in a suburban Fremont neighborhood where occupancy trends are above the metro median and in the top quartile nationally. Newer vintage relative to the area’s 1979 average supports competitive positioning versus older stock, with potential to capture premiums through selective modernization. Within a 3‑mile radius, household counts have been edging higher and are projected to expand further as average household size declines, which can enlarge the renter pool and support leasing consistency. Elevated home values and upper‑income households reinforce reliance on multifamily housing, while rent levels align with high‑cost markets where retention depends on quality, maintenance, and service.
According to CRE market data from WDSuite, neighborhood rent and income metrics sit near the top of national ranges, and occupancy remains resilient, helping underpin cash‑flow stability. Key watch‑items include limited neighborhood retail walkability and the need to manage affordability pressure at higher rent levels; however, strong access to regional employers and parks, plus a sizable renter‑occupied housing base, provide durable fundamentals for long‑term hold or a targeted value‑add plan.
- Occupancy above metro median and top‑quartile nationally supports reduced downtime risk.
- 1995 vintage offers competitive edge versus older stock with targeted modernization upside.
- High home values and incomes sustain rental demand and pricing power in a high‑cost ownership market.
- 3‑mile radius trends point to a larger renter pool as households grow and average size declines.
- Risks: limited nearby retail walkability and affordability management at elevated rent levels.