40775 Max Drive, Fremont, California 94538, Fremont, 94538 - bed, bath
40775 Max Drive
Fremont, California 94538
Property Price
SUMMARY
Analysis of 40775 Max Drive, Fremont, California 94538 is currently available with a list price of $2,050,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1968, this quadruplex is functional and currently income-generating but is characterized as a 'value-add' opportunity, indicating it is dated. The kitchens and bathrooms feature older cabinetry, appliances, and fixtures that show signs of wear and stylistic obsolescence. While the property has been maintained through regular upkeep, the aging infrastructure and original components require modernization to meet contemporary standards.
PROSSTRENGTHS & OPPORTUNITIES
- Value-Add Potential
The property offers significant upside through RUBS implementation and potential ADU development on the expansive 10,000 SF lot, allowing investors to maximize rental income and property value.
- Strategic Location
Situated near Downtown Fremont with easy access to retail, dining, and transit options, the property ensures high tenant demand and long-term desirability in a competitive submarket.
- Strong Educational Profile
The asset is served by the highly-regarded Fremont Unified School District, with several nearby schools boasting ratings of 7 or 8, which is a major driver for tenant retention.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1968, the building may require immediate capital expenditures for modernization and system upgrades to remain competitive and justify higher market rents.
- Market Pricing Sensitivity
Recent price reductions from the original $2.2M list price to $2.05M suggest the property may have faced initial overvaluation or reflects current investor caution regarding cap rates.
About 40775 Max Drive
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1968
- Lot Size
- 10,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Fremont Unified Schools
J. Haley Durham Elementary School
Grades K-6 • 0.5 mi
O. N. Hirsch Elementary School
Grades K-6 • 0.6 mi
Harvey Green Elementary School
Grades K-6 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1968 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Mar 5, 2026
$2,050,000
$2,150,000
-5% Price Drop
Initial Listing
Price Change
Feb 12, 2026
$2,150,000
$2,200,000
-2% Price Drop
Initial Listing
Price Change
Jan 20, 2026
$2,200,000
Initial Listing
Sold
May 28, 2003
$800,000
Public Record
Sold
May 29, 2002
$765,000
Public Record