| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 91st | Best |
| Demographics | 60th | Fair |
| Amenities | 43rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4273 Central Ave, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1974 |
| Units | 25 |
| Transaction Date | 1999-04-28 |
| Transaction Price | $318,500 |
| Buyer | COCO PROPERTIES LLC |
| Seller | LEE JEFFERY H |
4273 Central Ave Fremont Multifamily Investment
This 25-unit property benefits from strong neighborhood occupancy at 99.3% and proximity to major technology employers. Commercial real estate analysis shows the area ranks in the top 5% nationally for housing fundamentals.
Located in Fremont's Urban Core, this neighborhood demonstrates strong fundamentals with a 99.3% occupancy rate ranking in the 95th percentile nationally among the region's 469 neighborhoods. The area maintains a balanced tenure mix with 49.7% of housing units renter-occupied, supporting consistent rental demand. Median contract rent of $1,970 reflects competitive pricing within the Oakland-Berkeley-Livermore metro area.
Demographics within a 3-mile radius show household income strength, with a median of $152,678 and 34.1% of households earning above $200,000 annually. The area's housing market ranks 7th among 469 metro neighborhoods, placing it in the top quartile for housing fundamentals. High home values at a median of $1.16 million reinforce rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
Built in 1974, this property predates the neighborhood's 1992 average construction year, potentially offering value-add renovation opportunities for investors focused on capital improvements. The area provides solid amenity access with 2.35 grocery stores and childcare facilities per square mile, ranking in the 86th and 94th percentiles nationally respectively, supporting tenant retention through convenience factors.
Demographic projections through 2028 indicate household growth of 33.7% within the 3-mile radius, expanding the potential tenant base. Forecast median household income is expected to reach $199,507, representing 30.7% growth that should support rent growth potential and lease renewal strength.
The neighborhood demonstrates improving safety trends with property offense rates declining 54.7% over the past year, ranking in the 90th percentile nationally for crime reduction. This places the area among the top performers for safety improvement across metro neighborhoods.
Current violent crime rates of 10.4 incidents per 100,000 residents rank in the 69th percentile nationally, indicating above-average safety conditions. The 77.8% decline in violent offenses over the past year ranks in the 96th percentile for improvement, reflecting positive neighborhood trajectory that supports tenant retention and property values.
The property benefits from proximity to major technology and manufacturing employers within the Silicon Valley corridor, providing workforce housing for professionals in high-demand sectors.
- Sanmina Corporation — electronics manufacturing (3.6 miles)
- Synnex — technology distribution (4.2 miles) — HQ
- Lam Research — semiconductor equipment (5.3 miles) — HQ
- Thermo Fisher Scientific — life sciences (5.6 miles)
- Facebook — technology (9.3 miles) — HQ
This 25-unit property presents a compelling value-add opportunity in a neighborhood with exceptional occupancy fundamentals and strong demographic trends. Built in 1974, the asset offers potential renovation upside while benefiting from area-wide occupancy of 99.3% that ranks in the 95th percentile nationally. According to CRE market data from WDSuite, the neighborhood's housing fundamentals rank 7th among 469 metro areas, indicating sustained rental demand drivers.
Household growth projections of 33.7% through 2028 within the 3-mile radius support expanding tenant demand, while forecast income growth to $199,507 median provides rent growth potential. The property's location near major technology employers including Lam Research and Synnex headquarters offers workforce housing appeal in a high-wage employment corridor.
- Exceptional occupancy fundamentals at 99.3% ranking 95th percentile nationally
- Strong household income base with 34% earning above $200,000 annually
- 1974 vintage offers value-add renovation potential below neighborhood average
- Projected 33.7% household growth expanding tenant base through 2028
- High ownership costs at $1.16M median sustain rental demand pressure