40775 Max Drive, Fremont, California 94538, Fremont, 94538 - 0 bed, 0 bath
Loading property details...
Fremont, California 94538
Analysis of 40775 Max Drive, Fremont, California 94538 is currently available with a list price of $1,798,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Fremont Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1968 (56 years old) and marketed as a 'value-add' opportunity, the property exceeds the 30-50 year threshold for major rehab. The description's focus on 'meaningful upside' and the absence of interior photos typically indicate original or significantly dated kitchens, bathrooms, and systems that require comprehensive renovation to meet modern standards.
The property features a large 10,000 SF lot with R-3 zoning, offering significant upside through potential ADU development and the implementation of a Ratio Utility Billing System (RUBS) to increase net operating income.
Ideally situated near Downtown Fremont and major transit hubs, the property is within walking distance of top-rated schools like Irvington High, ensuring consistent tenant demand and long-term appreciation.
With a substantial price reduction from $2.2M to $1.85M, this asset now offers a much more attractive entry point and improved capitalization rate for multifamily investors in a high-demand submarket.
Built in 1968, the property likely requires capital expenditures for modernization and deferred maintenance to compete with newer rental inventory and justify premium rents.
The history of multiple price drops and extended time on the market may suggest initial overvaluation or underlying buyer concerns regarding the property's current physical condition.
Huge price reduction! Introducing a multifamily investment opportunity located at 40775 Max Dr in Fremont. This 3,660 SF property features four spacious 2BD/1BA units, offering strong in-place income with meaningful upside for multifamily investors. Built in 1968 and zoned R-3, the property sits on a large lot with potential to enhance returns through RUBS implementation and future ADU development (buyer to verify). Ideally located near Downtown Fremont and a wide array of retail, dining, and transit options, the property benefits from excellent tenant appeal and long-term demand drivers. This is a rare opportunity to acquire a value-add multifamily asset in a highly desirable Fremont submarket.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,660 | - |
| Lot Size | 10,000 | - |
| Price | $1.80M | $2.69M |
| Price per sq ft | $491 | $404 |
| Built year | 1968 | 0 |
| HOA | $0 | $0 |
| Days on market | 183 | 46 |
Jun 18, 2026
$1,798,000
$1,850,000
-3% Price Drop
Initial Listing
Apr 2, 2026
$1,850,000
$2,050,000
-10% Price Drop
Initial Listing
Mar 5, 2026
$2,050,000
$2,150,000
-5% Price Drop
Initial Listing
Feb 12, 2026
$2,150,000
$2,200,000
-2% Price Drop
Initial Listing
Jan 20, 2026
$2,200,000
Initial Listing
May 28, 2003
$800,000
Public Record
May 29, 2002
$765,000
Public Record