38016 Vallejo St, Fremont, California 94536, Fremont, 94536 - 3 bed, 2 bath
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Fremont, California 94536
This Fully Remodeled Multi-Unit Potential Property is listed at $1,399,000, reflecting a strategic valuation near its $1,335,951 Fair Market Value given the significant development upside. Boasting a Condition Score of 2, the residence features a New Designer Kitchen, updated bathrooms, and a Spacious Deck. The oversized 13,152 sqft Lot is equipped with dual utility meters, offering rare potential for two additional units to maximize rental income. Located near Top-Rated Niles Elementary and Washington High School, this is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38016 Vallejo St Subject | $1,399,000* List Price | 3 | 2 | 1,035 | $1,291 | - |
A 38467 38467 Timpanogas Circle Active | $1,249,000 List Price | 3 | 2 | 1,120 | $1,115 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1953, the property has undergone a comprehensive and high-quality professional renovation within the last year. The interior features a brand-new kitchen with white shaker cabinets, stone countertops, and new stainless steel appliances (still showing protective film). Both bathrooms have been fully updated with modern tile work and new fixtures. The home also boasts new waterproof laminate flooring, recessed lighting throughout, and fresh interior and exterior paint, meeting the criteria for a property where all major components are virtually new.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13152, living area = 1035.
The oversized 13,152 sqft lot is already equipped with dual utility meters and offers the rare opportunity to build two additional units, providing massive upside for investors or multi-generational buyers.
The home features a comprehensive interior and exterior refresh, including a brand-new kitchen, updated bathrooms with tiled flooring, waterproof laminate throughout, and modern recessed lighting.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1035, other record living area = 1296. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 5.
At just 1,035 square feet for a 3-bedroom layout, the interior proportions may feel restrictive for larger families or those accustomed to more spacious suburban footprints.
The property is currently configured as a 3-bedroom cottage despite tax records indicating a 5-bedroom, 2-unit dwelling, which may present challenges during the appraisal or financing process.
Charming fully remodeled Cottage on a multi unit lot in the Heart of Niles District. Welcome to this cozy, beautifully remodeled 3-bedroom, 2-bath home nestled in the desirable Niles District. Featuring a brand-new kitchen and brand new bathrooms with tiled flooring, this home offers modern comfort with timeless charm. Enjoy all-new waterproof laminate flooring, recessed lighting throughout, and fresh interior and exterior paint. This front unit has its own front yard and a low-maintenance backyard with its own fence for added privacy and curb appeal. Located in a sought-after neighborhood with excellent schools, and just minutes from parks, shopping, Fremont hub, and major freeways this home offers both convenience and community. Tax records show the property as a 2-unit dwelling with a total of 9 rooms — 5 bedrooms and 2 bathrooms. The property is equipped with 2 water meters, 2 gas meters, and 2 electrical meters. According to the City of Fremont, you can build 2 additional units on this lot. Live in one and rent out the other units to generate income! Don't miss this excellent investment opportunity! Buyer to verify all information with the City of Fremont.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 0.7 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,035 | 1,715 | 5% |
| Lot Size | 13,152 | 6,336 | 95% |
| Price | $1.40M | $1.70M | 24% |
| Price per sq ft | $1.4K | $1.0K | 98% |
| Built year | 1953 | 1962 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 153 | 1% |
Apr 1, 2026
$1,399,000
Initial Listing
Apr 8, 2016
$745,000
Public Record