5438 Farina Lane, Fremont, California 94538, Fremont, 94538 - 3 bed, 2 bath
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Fremont, California 94538
This Value-Add Residential Asset represents a Strong Value Opportunity with a List Price of $999,000—positioned well below the $1,067,042 Fair Market Value by 6%. This valuation gap provides $68,042 in Instant Equity for buyers prepared to address its Condition Rating of 5. Located in the premier Irvington neighborhood near top-rated Fremont Unified schools, the property features a 5,800 sq ft lot and a private patio, offering significant ROI through modernization. It is a high-upside acquisition for Fix-and-Flip Investors or Contractors seeking forced appreciation in a high-demand corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5438 Farina Lane Subject | $999,000* List Price | 3 | 2 | 1,078 | $990 | - |
A 5217 5217 Farina Ln Sold | $1,230,000 | 3 | 2 | 1,204 | $1,022 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The home was built in 1961 and has been held by the same family for over 40 years. The kitchen features laminate cabinetry and appliances that appear to be from a 30-40 year old renovation. Based on the criteria, the age of the home (>50 years) and the dated state of the kitchen and systems require a full rehab to meet modern standards.
Situated in the highly sought-after Irvington neighborhood, this home offers excellent proximity to top-rated Fremont Unified schools and convenient access to major commuter arteries including I-680, I-880, and Highway 84.
The 5,800 square foot lot provides a substantial backyard space, offering rare potential for outdoor entertaining, gardening, or the future addition of an Accessory Dwelling Unit (ADU).
Held by the same family for over 40 years, the property features 'solid bones' and serves as an ideal canvas for a buyer looking to build significant sweat equity through modern renovations.
At just 1,078 square feet for a 3-bedroom, 2-bathroom configuration, the interior footprint is relatively small, which may feel restrictive for growing families or those accustomed to modern open-concept layouts.
The property's long-term ownership and description suggest that the interior finishes and systems may be dated, requiring a significant additional investment for upgrades to meet contemporary standards.
Some homes change hands every few years. This one was held, cherished, and filled with life by the same family for over four decades. The gatherings, the holidays, the everyday moments 5438 Farina Lane has seen it all, and it shows in the best possible way. Now it's ready for its next chapter. Tucked in Fremont's sought-after Irvington neighborhood, this 3-bedroom, 2-bath home is ready and waiting for someone with fresh vision to make it their own. The bones are solid, the lot is generous at 5,800 sq ft, and the backyard the kind that's hosted countless summer evenings is ready for a whole new set of memories. Irvington delivers on every front top-rated schools, neighborhood charm, and easy access to 680, 880 and 84. A home this loved doesn't come available often. Don't miss your chance to be the next family to call it yours.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 1.4 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,078 | 1,318 | 11% |
| Lot Size | 5,800 | 6,000 | 27% |
| Price | $999.0K | $1.42M | 2% |
| Price per sq ft | $927 | $1.1K | 29% |
| Built year | 1961 | 1961 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 106 | 2% |
Apr 16, 2026
$999,000
Initial Listing
Dec 21, 1983
$96,000
Public Record