| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 76th | Good |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 39505 Trinity Way, Fremont, CA, 94538, US |
| Region / Metro | Fremont |
| Year of Construction | 1972 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
39505 Trinity Way Fremont Multifamily Investment
Renter demand is supported by a high share of renter-occupied housing and steady neighborhood occupancy, according to WDSuite’s CRE market data. This location offers durable fundamentals for cash flow management in a high-cost ownership market.
The property sits in Fremont’s Urban Core within the Oakland–Berkeley–Livermore metro, where the neighborhood earns a B+ rating and is competitive among Oakland–Berkeley–Livermore, CA neighborhoods (ranked 144 out of 469). Neighborhood occupancy is stable and has edged higher over the past five years, supporting income consistency for professionally managed assets.
Renter-occupied share is high (about seven in ten units), signaling a deep tenant base and reliable leasing velocity for multifamily. In a market with elevated home values relative to incomes, ownership costs tend to sustain rental demand, while a rent-to-income profile that sits below national norms can aid retention and reduce turnover risk.
Local livability supports workforce housing: grocery access is strong and childcare density is high, while restaurants are above average; however, parks, pharmacies, and cafés are limited within the immediate neighborhood. Schools average around 4 out of 5 and are in the upper tier nationally, which can help stabilize family renter demand.
Construction year for this asset is 1972, earlier than the neighborhood average vintage (1982). For investors, that typically points to capital planning needs but also value‑add potential through targeted renovations and system upgrades to stay competitive with newer stock.
Within a 3‑mile radius, recent data show a slight population dip alongside a modest increase in households, with projections indicating further household growth and smaller average household sizes by the forecast horizon. For multifamily investors, that shift generally expands the renter pool and supports occupancy stability and pricing discipline over time, based on CRE market data from WDSuite.
Safety indicators for the neighborhood track close to the metro middle (ranked 224 out of 469), placing the area near the national median overall. Recent trends point to a notable decline in property offenses year over year, which is a constructive signal for operating consistency and tenant retention.
Nationally benchmarked metrics place violent and property offenses around the lower half of U.S. neighborhoods by safety, but the improving trajectory in property crime is a positive directional trend. Investors should underwrite with standard precautions and emphasize on‑site security and lighting as appropriate for an urban core location.
The location is proximate to advanced manufacturing and technology employers that draw a large professional workforce, supporting leasing demand and commute convenience for renters. Nearby anchors include Sanmina, Synnex, Lam Research, and Thermo Fisher Scientific.
- Sanmina Corporation — electronics manufacturing (2.4 miles)
- Synnex — technology distribution (3.2 miles) — HQ
- Lam Research - CA9 — semiconductor equipment offices (3.6 miles)
- Lam Research — semiconductor equipment (4.0 miles) — HQ
- Thermo Fisher Scientific — life sciences (4.2 miles)
39505 Trinity Way offers a 32‑unit, 1972‑vintage asset in a renter‑oriented Fremont neighborhood where occupancy remains solid and the tenant base is reinforced by high ownership costs. According to CRE market data from WDSuite, neighborhood operating performance ranks well versus national peers, and a high renter concentration supports depth of demand and lease‑up reliability.
Household counts within a 3‑mile radius have been rising despite a modest population decrease, and forecasts point to additional household growth and smaller average household sizes — dynamics that typically expand the renter pool and aid occupancy stability. Older vintage implies thoughtful CapEx and renovation planning, but also creates clear value‑add pathways to compete with newer stock in a high‑income, employment‑rich corridor.
- Renter‑oriented neighborhood with stable occupancy and strong leasing depth
- High ownership costs sustain multifamily demand and support pricing power
- 1972 vintage presents targeted value‑add and systems upgrade potential
- Proximity to advanced manufacturing and tech employers underpins retention
- Risks: limited nearby parks/cafés and mixed safety metrics typical of urban cores