| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 72nd | Good |
| Amenities | 40th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4101 Eggers Dr, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | 1998-05-26 |
| Transaction Price | $1,655,000 |
| Buyer | CASA VERDE APARTMENT BUILDING LP |
| Seller | MURMONT LIMITED PARTNERSHIP |
4101 Eggers Dr, Fremont CA Multifamily Investment
High home values and steady neighborhood occupancy suggest durable renter demand, according to WDSuite’s CRE market data, positioning this 22-unit asset for stable performance in a high-cost ownership market.
The property sits in Fremont’s Urban Core, where neighborhood occupancy is solid and renter dynamics are supportive for multifamily. Neighborhood occupancy is above the national middle (66th percentile), and the share of renter-occupied housing units is competitive nationally (79th percentile). For investors, that points to a meaningful tenant base and ongoing leasing depth rather than dependence on a narrow demand segment.
Daily-life amenities skew toward essentials. Grocery access is strong (90th percentile nationally), while childcare availability also rates well (83rd percentile). By contrast, cafes, parks, and pharmacies are sparse within the immediate neighborhood footprint, signaling fewer lifestyle conveniences nearby and placing more weight on in-unit features and on-site services to aid retention.
Schools rate above many areas (84th percentile nationwide), a factor that can support family-oriented renter demand and lengthen average tenancy. Home values are elevated (99th percentile), and the value-to-income ratio ranks among the highest nationally, which tends to sustain reliance on rental housing and can support pricing power and occupancy stability for well-managed assets.
Demographic statistics aggregated within a 3-mile radius show modest population softening in recent years alongside a small increase in households and a projected rise in household counts over the next five years, with smaller household sizes. For multifamily investors, this pattern typically expands the renter pool and supports stable occupancy, even as overall population is flat to slightly lower. These conditions, paired with a median contract rent level near the top of the national distribution, indicate a market where effective rent growth and lease retention are achievable with disciplined operations and resident experience.
Safety indicators are generally around or modestly above national norms. Overall crime performance sits slightly above the national median (57th percentile), and within the Oakland–Berkeley–Livermore metro the neighborhood is competitive among 469 peer neighborhoods (ranked 151st), placing it in the stronger third of the metro.
Violent incident rates are closer to the national middle, while property incidents have eased materially year over year (a sharp decline over the last 12 months). For investors, the directionality suggests improving conditions, though prudent asset security and lighting remain important operational considerations.
Proximity to established technology and manufacturing employers supports a deep regional workforce and commute convenience, which can bolster leasing and retention for workforce and professional renters. Nearby anchors include Sanmina, Synnex, and multiple Lam Research facilities.
- Sanmina Corporation — electronics manufacturing (3.3 miles)
- Synnex — IT distribution (4.0 miles) — HQ
- Lam Research - CA9 — semiconductor equipment (4.6 miles)
- Lam Research — semiconductor equipment (4.9 miles) — HQ
- Lam Research Corporation CA8 — semiconductor equipment (4.9 miles)
Built in 1972, the asset is older than the neighborhood’s average vintage, creating clear value-add angles around unit modernization and systems upgrades while preserving large average unit sizes. Neighborhood fundamentals favor multifamily: occupancy is above the national middle, renter-occupied share is high relative to peers, and home values sit near the top of the national range—conditions that tend to reinforce renter reliance on professionally managed apartments. According to CRE market data from WDSuite, these dynamics align with sustained leasing depth and support for rent levels in this part of Alameda County.
Within a 3-mile radius, households are increasing even as population is flat to slightly lower—an indicator of smaller household sizes and a potential expansion of the renter pool. Strong schools and essential amenities (notably groceries and childcare) support family and professional renter segments, while limited nearby cafes and parks place a premium on asset-level amenities and management.
- High-cost ownership market sustains rental demand and supports occupancy stability
- 1972 vintage offers value-add upside through unit/interior modernization and system upgrades
- Strong schools and essential services nearby broaden family and professional renter appeal
- Household growth within 3 miles points to a larger tenant base over time
- Risks: aging building capex, lifestyle amenity gaps (cafes/parks), and modest population softness