606 Vesper Avenue, Fremont, California 94539, Fremont, 94539 - 3 bed, 2 bath
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Fremont, California 94539
This Value-Add Residential Asset is listed at $1,850,000, positioned above its $1,419,207 Fair Market Value reflecting the high demand for land in the 94539 zip code. Currently holding a Poor Condition Rating, this "contractor special" is a prime candidate for a complete teardown. The property offers an expansive 8,775 sqft lot on a quiet cul-de-sac with scenic hill and river views. Located within the elite Fremont Unified School District near Warm Springs Elementary, this site provides a rare opportunity to build a custom luxury estate. This acquisition is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 606 Vesper Avenue Subject | $1,850,000* List Price | 3 | 2 | 1,298 | $1,093 | - |
A 49100 Tomahawk Place Sold | $1,660,000 | 4 | 3 | 1,655 | $1,003 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1964 with no evidence of renovation in over 50 years. The listing is marketed as a 'Contractor special' and a site to 'build your dream home,' indicating land value. Interior photos show severe neglect, missing cabinetry, damaged flooring, and non-functional systems, rendering it unlivable in its current state.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8775, living area = 1298.
Elementary School: Warm Springs Elementary School (9/10).
Located in the highly desirable 94539 zip code, this property provides access to top-tier Fremont Unified schools, including Warm Springs Elementary and Irvington High.
Marketed as a 'contractor special,' the existing structure requires extensive renovation or a complete teardown, likely necessitating all-cash offers or specialized construction financing.
At a list price of $1.85M for a fixer-upper, the high acquisition cost leaves a narrower margin for profit or requires a substantial total investment once construction costs are factored in.
Contractor special! Large lot on a cul du sac street, with wonderful Fremont schools! Build your dream home! Due to property condition, consult your agent.
No exterior & parking available.
Grades 3-6 • 1.0 mi
Grades K-3 • 1.2 mi
Grades 7-8 • 4.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 31% |
| Baths | 2.0 | 3.0 | 39% |
| Square foot | 1,298 | 2,009 | 8% |
| Lot Size | 8,775 | 7,812 | 69% |
| Price | $1.85M | $2.39M | 24% |
| Price per sq ft | $1.4K | $1.2K | 85% |
| Built year | 1964 | 1973 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 160 | 1% |
Apr 16, 2026
$1,850,000
Initial Listing