| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 76th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 40768 High St, Fremont, CA, 94538, US |
| Region / Metro | Fremont |
| Year of Construction | 1972 |
| Units | 58 |
| Transaction Date | 1998-05-08 |
| Transaction Price | $2,300,000 |
| Buyer | OGO CHAPEL LLC |
| Seller | OSCHIN SAMUEL |
40768 High St Fremont Multifamily Investment
This 58-unit property benefits from strong neighborhood fundamentals, with 93.2% occupancy rates and median household incomes of $140,760 supporting rental demand in Fremont's Urban Core district.
Located in Fremont's Urban Core, this neighborhood ranks in the top quartile among 469 metro neighborhoods for overall investment fundamentals. The area maintains a 93.2% occupancy rate with median household incomes of $140,760, placing it in the 92nd percentile nationally. Strong demographics within a 3-mile radius show 45.5% of housing units are renter-occupied, creating a substantial tenant base for multifamily properties.
Built in 1972, this property represents an earlier vintage than the neighborhood average construction year of 1989, presenting potential value-add opportunities through strategic renovations and unit improvements. The area's housing fundamentals rank in the 84th percentile nationally, with median contract rents of $2,340 reflecting solid pricing power in this established market.
The neighborhood demonstrates exceptional access to family-oriented amenities, ranking in the 100th percentile nationally for childcare density and 99th percentile for grocery store access. School ratings average 5.0 out of 5, ranking first among metro neighborhoods. These factors support tenant retention and appeal to quality renters, particularly families seeking stable housing options in the East Bay market.
Safety metrics show mixed performance relative to regional averages. Property crime rates have declined significantly by 48.1% year-over-year, ranking in the 87th percentile nationally for improvement trends. However, current property crime rates remain above metro medians, ranking 291st among 469 neighborhoods in the Oakland-Berkeley-Livermore region.
Violent crime rates are relatively contained at 109.7 incidents per 100,000 residents, though this places the neighborhood in the lower portion of metro rankings. Investors should consider these safety dynamics when evaluating tenant demographics, lease terms, and property management strategies. The positive trend in property crime reduction suggests improving conditions that may support long-term occupancy stability.
The property benefits from proximity to major technology and manufacturing employers that anchor the South Bay employment corridor, providing workforce housing opportunities for professionals in established industries.
- Sanmina Corporation — electronics manufacturing (2.4 miles)
- Lam Research — semiconductor equipment (3.0 miles)
- Synnex — technology distribution (3.1 miles) — HQ
- Thermo Fisher Scientific — life sciences equipment (3.5 miles)
- Boston Scientific — medical devices (4.6 miles)
This 58-unit property offers value-add potential in a fundamentally strong Fremont submarket. According to commercial real estate analysis from WDSuite, the neighborhood maintains above-average occupancy at 93.2% while benefiting from high-income demographics with median household earnings of $140,760. The 1972 construction year creates renovation upside opportunities to capture additional rent growth in a market where contract rents average $2,340.
Demographics within a 3-mile radius show stable household formation with 40,856 total households and a median income of $161,434. The area's 45.5% renter occupancy rate provides a substantial tenant pool, while proximity to major technology employers like Lam Research and Sanmina Corporation supports workforce housing demand. Exceptional school ratings and family amenities enhance tenant retention prospects in this established East Bay location.
- Strong occupancy fundamentals at 93.2% with high-income tenant base
- Value-add potential through strategic renovations of 1972-vintage units
- Proximity to major technology employers supporting workforce housing demand
- Risk consideration: Property crime rates above metro average despite recent improvements