40775 Max Drive, Fremont, California 94538, Fremont, 94538 - 0 bed, 0 bath
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Fremont, California 94538
Analysis of 40775 Max Drive, Fremont, California 94538 is currently available with a list price of $1,850,000. 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.
Property is moderate renovation needed.
Built in 1968, this quadruplex is positioned as a 'value-add' investment, indicating that while it is functional and generating income, it lacks recent renovations. The exterior shows typical wear for its age, and the listing's own analysis highlights aging infrastructure and the need for modernization. The absence of interior photos and the emphasis on 'upside' suggest that kitchens, bathrooms, and major systems are likely outdated and require updates to meet modern standards.
The property offers significant upside through RUBS implementation and potential ADU development on the large 10,000 SF lot, allowing investors to maximize rental income and density.
Situated near Downtown Fremont with proximity to major retail, dining, and transit options, the property benefits from high tenant demand and access to top-rated schools.
Following a substantial price reduction from $2.2M to $1.85M, the asset presents a much more attractive entry point and improved cap rate for multifamily investors.
Built in 1968, the building likely requires capital expenditures for modernization and maintenance of major systems to remain competitive with newer inventory.
The history of multiple price reductions and extended time on the market may indicate previous overvaluation or buyer caution regarding the property's current 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 | 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% |
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