Four-Unit Residential Income
40775 Max Dr Fremont, CA 94538
For Sale
$1,850,000
Four spacious 2BR/1BA units in a 1968-built quadplex, zoned R-3 on a large lot in Fremont.
Property Size3,660 SF
Price / SF$505.46
Days on Market91
Property Features for 40775 Max Dr
General Information
- Standard status
- Active
- Size
- 3,660 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1968
Listing Agency:
BellStreet
(650) 282-0477
Listed By:
Amit Urban · License #01998926
(650) 282-0477
Source:
Elliman
Added: Apr 24
Changed: Jul 23
Last Checked: Jul 23 at 8:15AM
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
Investment Insights
Based on property information with market context.
This four-unit residential income property is configured as a quadplex featuring four spacious 2-bedroom, 1-bath units. The building was constructed in 1968 and is zoned R-3. The property includes a large lot, with buyer to verify redevelopment considerations including RUBS implementation and future ADU development.
Located at 40775 Max Dr in Fremont, the asset is positioned near Downtown Fremont and surrounded by retail, dining, and transit options. Walk and bike metrics provided in the listing indicate a strong walkable environment and moderate bikeability.
For investors, the existing unit mix provides in-place rental income, with additional value-add possibilities to be confirmed by the buyer based on applicable requirements.
Located at 40775 Max Dr in Fremont, the asset is positioned near Downtown Fremont and surrounded by retail, dining, and transit options. Walk and bike metrics provided in the listing indicate a strong walkable environment and moderate bikeability.
For investors, the existing unit mix provides in-place rental income, with additional value-add possibilities to be confirmed by the buyer based on applicable requirements.
Key Highlights
- Quadplex at 40775 Max Dr in Fremont with four 2BR/1BA units
- Building size: 3,660 SF; year built 1968
- Zoned R‑3
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 4.06%
Second Best
Apartment 5plus
$933.6K
$816.9K – $1.09M
NOI $65,354 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$2.27M
$1.98M – $2.64M
NOI $158,586 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four spacious 2BR/1BA units in a 1968-built quadplex, zoned R-3 on a large lot in Fremont.
Where is this quadplex located?
The property is located at 40775 Max Dr Fremont, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Quadplex at 40775 Max Dr in Fremont with four 2BR/1BA units; Building size: 3,660 SF; year built 1968; Zoned R‑3
