| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 76th | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3745 Mowry Ave, Fremont, CA, 94538, US |
| Region / Metro | Fremont |
| Year of Construction | 2002 |
| Units | 23 |
| Transaction Date | 1997-08-29 |
| Transaction Price | $695,000 |
| Buyer | DUNGCA VICTORIANO P |
| Seller | TRIUNITY LTD PARTNERSHIP |
3745 Mowry Ave, Fremont CA Multifamily Investment
Positioned in a high-amenity Fremont corridor with deep renter demand and high home values supporting lease retention, according to WDSuite’s CRE market data. Neighborhood occupancy sits near national norms while rents and incomes signal durable pricing power.
The property sits in an A+–rated Urban Core neighborhood ranked 6 out of 469 across the Oakland–Berkeley–Livermore metro, indicating standout local fundamentals compared with most metro peers. Amenity access scores in the top quartile nationally, with dense coverage of groceries, pharmacies, cafes and restaurants supporting daily convenience and competitive positioning for workforce renters.
At the neighborhood level, median contract rents are among the higher tiers nationally and have grown meaningfully over five years, reinforcing revenue potential relative to many U.S. submarkets. Elevated home values in the immediate area translate into a high-cost ownership market, which tends to sustain rental demand and support lease retention for well-located assets.
Vintage matters: built in 2002, the asset is newer than the neighborhood’s average 1989 construction year. This positioning typically reduces near-term capital exposure versus older 1980s stock and can bolster leasing competitiveness; targeted modernization may still be prudent as building systems age into their third decade.
Demographic statistics aggregated within a 3-mile radius show strong income levels and an expanding household count even as population growth softens, implying smaller household sizes and a larger tenant base over time. This dynamic, combined with a substantial share of renter-occupied housing units, supports occupancy stability and ongoing demand for multifamily units.
Safety indicators for the neighborhood are mixed relative to national benchmarks. Overall crime performance trends below the national median, and ranks below the metro median when compared with 469 Oakland–Berkeley–Livermore neighborhoods. However, recent year-over-year data show notable declines in both property and violent offense estimates, suggesting improvement momentum that investors should monitor.
Prudent underwriting would incorporate enhanced security design and resident service practices, while recognizing that improving trends can support perception and retention over the hold period if sustained.
Nearby corporate offices anchor a strong employment base in advanced manufacturing and technology, supporting commuter convenience and renter demand for workforce housing. Key employers include Sanmina, Synnex, Lam Research, and Thermo Fisher Scientific.
- Sanmina Corporation — corporate offices (3.0 miles)
- Synnex — corporate offices (3.8 miles) — HQ
- Lam Research - CA9 — corporate offices (4.3 miles)
- Lam Research Corporation CA8 — corporate offices (4.5 miles)
- Lam Research — corporate offices (4.6 miles) — HQ
- Thermo Fisher Scientific — corporate offices (4.9 miles)
3745 Mowry Ave offers exposure to a top-ranked Fremont neighborhood where amenity density, high-income households, and a deep renter base underpin steady leasing. The 2002 vintage is newer than the local average, supporting competitive positioning versus older 1980s product while leaving room for targeted upgrades to refresh finishes and systems. Elevated ownership costs nearby reinforce reliance on multifamily housing, which can translate to stronger tenant retention and pricing resilience through cycles.
According to CRE market data from WDSuite, neighborhood rents and incomes test higher than national norms, and employer proximity in technology and life sciences provides a diversified demand base. While safety metrics trail national averages, recent declines in estimated offense rates point to improvement that should be tracked in asset management planning.
- A+ neighborhood rank (6 of 469 metro areas) with top-tier amenities supporting renter appeal
- 2002 construction offers relative capex efficiency vs. older stock, with selective value-add potential
- High-cost ownership market supports rental demand depth and lease retention
- Proximity to major tech and life science employers sustains a stable tenant base
- Risk: Safety metrics lag national averages; continue monitoring improving trend and apply prudent security measures