| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 76th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 40765 High St, Fremont, CA, 94538, US |
| Region / Metro | Fremont |
| Year of Construction | 1977 |
| Units | 72 |
| Transaction Date | 2000-06-20 |
| Transaction Price | $422,000 |
| Buyer | PEBBLE II LP |
| Seller | FELSON DON |
40765 High St Fremont Multifamily Investment
This 72-unit property built in 1977 benefits from strong neighborhood-level rental demand, with 59.2% of units renter-occupied compared to lower shares across the metro, according to CRE market data from WDSuite.
The neighborhood ranks in the top quartile nationally for housing fundamentals and demographic strength, with a median household income of $140,760 that has grown 69% over five years within a 3-mile radius. The area maintains 59.2% of housing units as renter-occupied, ranking 62nd among 469 metro neighborhoods and indicating sustained rental demand above typical suburban levels.
Neighborhood-level occupancy stands at 93.2%, though this reflects a 3.2 percentage point decline over five years. Contract rents in the immediate area average $2,340 for one-bedroom units, up 41% since 2018, with forecasted growth to $3,550 by 2028. The property's 1977 construction year aligns with the neighborhood average of 1989, suggesting potential value-add opportunities through strategic renovations while maintaining competitive positioning.
The area benefits from exceptional school ratings averaging 5.0 out of 5.0, ranking first among metro neighborhoods nationally, and strong amenity density including 8.7 grocery stores and 27.3 restaurants per square mile. Median home values of $1.19 million reinforce rental demand by limiting ownership accessibility, with elevated ownership costs supporting multifamily housing reliance among the local workforce.
Property crime rates in the neighborhood rank 291st among 469 metro neighborhoods, placing it below metro median for safety metrics. However, recent trends show improvement with property offense rates declining 48% year-over-year, ranking 144th among neighborhoods for crime reduction and indicating strengthening public safety conditions.
Violent crime rates remain relatively moderate at 110 incidents per 100,000 residents, though this represents a slight 5.9% increase over the past year. The neighborhood's 47th percentile ranking nationally for overall crime suggests average safety performance compared to similar urban areas nationwide.
The property benefits from proximity to major technology and manufacturing employers that support consistent renter demand from the professional workforce.
- Sanmina Corporation — electronics manufacturing (2.3 miles)
- Lam Research — semiconductor equipment (3.0 miles) — HQ
- Synnex — technology distribution (3.1 miles) — HQ
- Thermo Fisher Scientific — life sciences (3.5 miles)
This 72-unit property offers value-add potential through its 1977 vintage in a neighborhood experiencing strong income growth and sustained rental demand. The area's 59.2% renter occupancy rate significantly exceeds typical suburban levels, while median household incomes of $140,760 provide solid rent collection fundamentals. Commercial real estate analysis from WDSuite indicates the neighborhood ranks in the top quartile nationally for housing and demographic metrics.
Proximity to major technology employers including Lam Research and Thermo Fisher Scientific within 3.5 miles supports workforce housing demand, while median home values above $1.19 million reinforce rental housing reliance. The property's construction year aligns with neighborhood averages, suggesting renovation upside while maintaining competitive positioning among similar vintage assets.
- Strong renter demand with 59.2% of neighborhood units renter-occupied
- High-income tenant base with median household income of $140,760
- Value-add renovation potential given 1977 construction year
- Proximity to major technology employers within 3.5 miles
- Risk: Neighborhood occupancy declined 3.2 percentage points over five years