Four-Unit Residential Income
40775 Max Drive Fremont, CA 94538
40775 Max Drive, Fremont, CA, 94538
$1,798,000
For Sale
$1,798,000
Four 2BD/1BA units in a 3,660 SF multifamily building on a large lot, built in 1968 and zoned R-3.
Property Size3,660 SF
Price / SF$491.26
Days on Market181
Property Features for 40775 Max Drive
General Information
- Standard status
- Active
- Size
- 3,660 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1968
Listing agency
BellStreet Inc.
(650) 282-0477
Listed by
Amit Urban · License #01998926
(650) 282-0477
Source
Exitrealty
Added: Jan 22 Updated: Jul 21 at 12:22PM Checked: Jul 21 at 12:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BellStreet Inc.
Investment Insights
Based on property information with market context.
This four-unit residential income property offers four spacious 2-bedroom, 1-bath units within a 3,660 SF building. Constructed in 1968, the property is situated on a large lot and is currently positioned for value-add considerations. The property is zoned R-3.
The asset is located at 40775 Max Drive in Fremont, near Downtown Fremont and surrounded by retail, dining, and transit options.
As presented, this is a quadplex-style multifamily offering with four separate dwelling units and an owner-relevant lot configuration for future enhancements, subject to buyer verification of feasibility for any proposed changes.
The asset is located at 40775 Max Drive in Fremont, near Downtown Fremont and surrounded by retail, dining, and transit options.
As presented, this is a quadplex-style multifamily offering with four separate dwelling units and an owner-relevant lot configuration for future enhancements, subject to buyer verification of feasibility for any proposed changes.
Key Highlights
- 4‑unit multifamily building totaling 3,660 SF, with four 2BD/1BA units
- Built in 1968 and zoned R‑3
- Property located at 40775 Max Dr in Fremont
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.0k | $30.60 |
| − Vacancy | −$4.7k | −$1.28 |
| EGI | $107.3k | $29.32 |
| − OpEx | −$32.2k | −$8.80 |
| NOI | $75.1k | $20.52 |
3,660 SF · lease $30.60/SF/yr · vacancy 4.18% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$939.0K – $1.25M
NOI $75,120 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$933.6K
$816.9K – $1.09M
NOI $65,354 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$2.27M
$1.98M – $2.64M
NOI $158,586 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2BD/1BA units in a 3,660 SF multifamily building on a large lot, built in 1968 and zoned R-3.
Where is this quadplex located?
The property is located at 40775 Max Drive Fremont, CA.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: 4‑unit multifamily building totaling 3,660 SF, with four 2BD/1BA units; Built in 1968 and zoned R‑3; Property located at 40775 Max Dr in Fremont
