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Property profile & analytics
OFF-MARKET
Retirement homes

3411 Capitol Ave Fremont, CA 94538

14,132 SF 1.26 ac lot
Entity Owned 4-yr Hold
Property ID
US09-7869965
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully entitled, mixed-use development in Fremont's vibrant Central Downtown. The project encompasses 90 market-rate condominium units, ranging from one to three bedrooms, with sizes varying from 596 to 1,444 square feet. A significant 14,132 square feet of ground-floor retail space is also included, enhancing the property's appeal and generating additional income potential. The six-story building, designed by LPMD Architects, features a striking architectural design incorporating Type III and Type I construction. Residents will enjoy a wealth of amenities, including a fitness center, community room, open-air courtyard, private open spaces, and storage lockers. Ample parking is provided with 192 spaces, accommodating EVs, motorcycles, and bicycles. The property sits on a 1.26-acre lot (APN 501-1130-22-04) and benefits from a highly desirable location, within walking distance of Central Park, and conveniently situated near major freeways and BART. The zoning is D-MD 75% / D-CA 25%. The total net rentable square footage is 118,000 square feet. The seller will consider both an outright sale and joint venture structures. This development is poised to capitalize on Fremont's thriving market and strong demand for high-quality residential and retail space. The property is currently vacant.

Property profile
Verified
Property type Retirement homes
Total area 14,132 SF
Lot 1.26 ac (54,886 SF)
APN 501-1130-22-04
UPID US09-7869965
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Capitol 101 Apartment Building
  • Momo Cook truck Restaurant
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Spsd Developers LLC · 4 yrs held
Spsd Developers LLC
since 2022
1 recorded transaction
2022
$8.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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