| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 76th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4200 Irvington Ave, Fremont, CA, 94538, US |
| Region / Metro | Fremont |
| Year of Construction | 1976 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4200 Irvington Ave Fremont Multifamily Investment
This 76-unit property benefits from strong neighborhood-level occupancy at 93.2% and elevated household incomes in the 92nd percentile nationally, according to CRE market data from WDSuite.
This Fremont neighborhood ranks in the top quartile among 469 metro neighborhoods for housing fundamentals, with an A- overall rating reflecting strong demographic and housing metrics. The area maintains 93.2% occupancy with a median contract rent of $2,340, while household incomes reach $140,760 - placing residents in the 92nd percentile nationally. Demographics aggregated within a 3-mile radius show a stable tenant base with 45.5% of housing units renter-occupied, supporting consistent rental demand.
Built in 1976, this property predates the neighborhood's 1989 average construction year, presenting potential value-add opportunities through strategic renovations and unit upgrades. The area benefits from exceptional amenity density, ranking 9th among metro neighborhoods for childcare access and 26th for grocery stores, enhancing tenant retention appeal. School ratings average 5.0 out of 5, ranking first in the metro and supporting family-oriented renter demand.
Forward-looking demographics indicate household growth of 35.1% projected through 2028, with median household incomes expected to reach $228,854 - a 40.7% increase that supports rent growth potential. The neighborhood's 59.2% rental share ranks in the 93rd percentile nationally, reflecting deep rental market penetration. Home values averaging $1.19 million maintain elevated ownership costs that reinforce rental demand and support tenant retention in the multifamily sector.
Safety metrics place this neighborhood around the metro median, with property crime rates showing improvement trends. Recent data indicates a 48.1% decline in property offense rates year-over-year, ranking in the 87th percentile nationally for crime reduction - a positive trajectory for tenant retention and leasing stability.
Violent crime rates remain relatively contained at 109.7 per 100,000 residents, though trending slightly upward. The neighborhood's overall crime ranking of 271st among 469 metro neighborhoods reflects moderate safety conditions that align with typical urban core environments in the Oakland-Berkeley-Livermore region.
The property benefits from proximity to major technology and manufacturing employers that provide stable workforce housing demand for the area's professional tenant base.
- Sanmina Corporation — electronics manufacturing (1.8 miles)
- Lam Research — semiconductor equipment (2.5 miles) — HQ
- Synnex — technology distribution (2.5 miles) — HQ
- Thermo Fisher Scientific — life sciences (3.0 miles)
- Boston Scientific — medical devices (4.1 miles)
This 1976-vintage property presents a compelling value-add opportunity in a high-performing Fremont neighborhood with strong occupancy fundamentals and elevated household incomes. The 774-square-foot average unit size aligns with regional workforce housing demand, while the neighborhood's 93.2% occupancy rate and $8,809 average NOI per unit (72nd percentile nationally) demonstrate stable cash flow potential. Commercial real estate analysis from WDSuite indicates household growth of 35.1% projected through 2028, supporting long-term rental demand expansion.
The property's pre-1989 vintage relative to neighborhood averages creates renovation upside potential, while proximity to major employers like Lam Research and Thermo Fisher Scientific within 3 miles provides workforce housing stability. High home values averaging $1.19 million reinforce rental demand by maintaining elevated ownership barriers, while the area's 59.2% rental share ranks in the 93rd percentile nationally.
- Strong occupancy fundamentals at 93.2% neighborhood-level with $2,340 median rents
- Value-add potential through strategic renovations of 1976-vintage units
- Projected 35.1% household growth through 2028 supporting rental demand
- Risk consideration: Property crime rates require ongoing monitoring despite recent improvements