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Marbaya Apartments

Fremont, CA

170 Units

Built in 1969

Value Add

Investment Highlights

  • Proven Value-Add Upside: Marbaya represents an exceptional value-add opportunity through the continued renovation of home interiors. Current ownership has renovated 18 homes to a high specification, leaving 152 homes in largely original condition. The community would also benefit from improvements made to common area amenities and the implementation of in-unit laundry in the remaining 69 units that can accommodate washers and dryers.
  • Proximity to Major Employment Centers: Residents of Marbaya enjoy easy access to major Bay Area job centers including Silicon Valley (11.0 miles), the Peninsula (12.1 miles), Oakland (15.0 miles), the Tri-Valley (16.0 miles), and San Francisco (31.1 miles). Within a 25- mile radius, there are over 2.4 million jobs. Accessibility to these employment centers will be further bolstered after the pending opening of the San Jose BART extension.
  • Access to Excellent Public Schools: Recognized as a California Exemplary School District, the Fremont Unified School District is home to some of the best public schools in the Bay Area. All three of Marbaya's assigned schools are highly ranked.
  • Favorable Unit Mix: The property features three distinctive, well-designed studio, one-, and two-bedroom floor plans with an overall weighted average unit size of 681 square feet. All units feature a spacious patio or balcony. The community resides on 5.68 acres resulting in a low-density setting of approximately 30 units per acre.

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