| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 76th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 41240 Trenouth St, Fremont, CA, 94538, US |
| Region / Metro | Fremont |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
41240 Trenouth St, Fremont CA Multifamily Investment
Positioned in a high-income East Bay submarket with durable renter demand and school quality that supports retention, this asset benefits from neighborhood occupancy trending above the national midpoint, according to WDSuite’s CRE market data.
The property sits in Fremont’s Urban Core, rated A- and ranked 81 out of 469 neighborhoods in the Oakland–Berkeley–Livermore metro—placing it in the top quartile locally. For investors, this signals solid location fundamentals and demand depth relative to peer submarkets.
Everyday amenities are strong: grocery access ranks near the top of the metro and is in the 99th percentile nationally, with restaurants similarly competitive at the 98th percentile. In contrast, parks and cafes are limited within the immediate neighborhood, so lifestyle appeal leans more toward convenience than leisure destinations. Average school ratings are at the top of the metro (ranked 1 of 469) and in the 100th percentile nationally—an attribute that can underpin family renter retention and leasing stability.
Neighborhood housing dynamics are supportive for multifamily. Renter-occupied share is around 59% of housing units, indicating a deep tenant base and reinforcing absorption potential. Occupancy in the neighborhood is above the national midpoint and aligns with stable operations for well-positioned assets. Median contract rents are high relative to national norms, and the rent-to-income ratio sits below national averages, suggesting room for disciplined revenue management rather than reliance on heavy concessions.
Vintage matters: built in 1972, the asset is older than the neighborhood’s average construction year (1989). That age profile points to potential value-add through targeted renovations and systems upgrades, as well as the need for clear capital planning to remain competitive against newer stock.
Within a 3-mile radius, demographics show a large, affluent population with median household income well above national levels and a renter pool expected to expand by 2028. Recent years saw slight population softness while household counts edged up, which typically reflects smaller household sizes rather than reduced housing demand. Elevated for-sale home values (98th percentile nationally) indicate a high-cost ownership market, which tends to sustain multifamily demand, support lease retention, and provide pricing power for quality units. These dynamics are consistent with directional trends seen in WDSuite’s commercial real estate analysis across the East Bay.
Safety indicators are mixed when compared nationally. Violent and property offense rates benchmark below the national midpoint (around the 29th and 27th percentiles, respectively), indicating more incidents than typical U.S. neighborhoods. However, the neighborhood has seen a pronounced year-over-year improvement in property offenses, placing that decline in the top tier nationally. Within the Oakland–Berkeley–Livermore metro, the neighborhood’s overall crime rank sits below the metro median (271 out of 469), so investors should underwrite prudent security measures and tenant screening while noting the improving trend.
Nearby advanced manufacturing and semiconductor employers underpin local incomes and commuting convenience for renters, including Sanmina, Lam Research, and SYNNEX. The concentration of these firms supports weekday traffic, stable payrolls, and a steady renter pipeline.
- Sanmina Corporation — electronics manufacturing (1.9 miles)
- Lam Research - CA9 — semiconductor equipment (2.5 miles)
- Synnex — IT distribution (2.6 miles) — HQ
- Lam Research Corporation CA8 — semiconductor equipment (2.6 miles)
- Lam Research — semiconductor equipment (2.9 miles) — HQ
41240 Trenouth St offers a foothold in a high-income East Bay location with family-oriented fundamentals and strong neighborhood positioning. School quality ranks at the top of the metro and national benchmarks, grocery and dining access is nationally competitive, and renter concentration near 59% suggests a deep tenant base. Elevated ownership costs in the area support sustained reliance on multifamily housing, aiding retention and pricing power. According to CRE market data from WDSuite, neighborhood occupancy trends run above the national midpoint, consistent with stable operations for appropriately maintained assets.
Constructed in 1972, the property is older than the neighborhood average, creating clear value-add potential through interior modernization and system upgrades, while requiring disciplined capital planning. Demographic patterns within a 3-mile radius indicate high incomes and a renter pool expected to expand modestly by 2028, supporting long-run demand despite recent population softness. Proximity to semiconductor and advanced manufacturing employers further underpins leasing resiliency.
- High-income neighborhood with top-tier schools and nationally competitive amenities supports retention
- Renter concentration around 59% and occupancy above the national midpoint point to demand depth
- Elevated ownership costs reinforce multifamily reliance and pricing power for quality units
- 1972 vintage offers value-add upside with targeted renovations and systems upgrades
- Risk: Safety metrics trail national averages; underwrite security and asset management accordingly