Huge price reduction! Introducing a multifamily investment opportunity located at 40775 Max Dr in Fremont. This 3,660 SF property features four spacious 2BD/1BA units, offering strong in-place income with meaningful upside for multifamily investors. Built in 1968 and zoned R-3, the property sits on a large lot with potential to enhance returns through RUBS implementation and future ADU development (buyer to verify).
Ideally located near Downtown Fremont and a wide array of retail, dining, and transit options, the property benefits from excellent tenant appeal and long-term demand drivers. This is a rare opportunity to acquire a value-add multifamily asset in a highly desirable Fremont submarket.
For sale
Price cut: $52K (6/15)
$1,798,000
40775 Max Dr, Fremont, CA 94538
8beds
4baths
3,660sqft
Quadruplex, Residential Income
Built in 1968
-- sqft lot
$1,765,900 Zestimate®
$491/sqft
$-- HOA
What's special
Large lot
- 158 days |
- 649 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Amit Urban 01998926 650-382-0777,
BellStreet Inc. 408-444-7445
Source: MLSListings Inc,MLS#: ML82031815
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Other
Cooling
- Other
Features
- Doors: Other
Interior area
- Total structure area: 3,660
- Total interior livable area: 3,660 sqft
Property
Parking
- Total spaces: 4
- Parking features: Other
- Carport spaces: 4
Accessibility
- Accessibility features: Other
Features
- Stories: 2
Lot
- Size: 10,000 Square Feet
Details
- Parcel number: 525070101516
- Zoning: R-3-18
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Crawl Space
- Roof: Composition
Condition
- Year built: 1968
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: Fremont
Financial & listing details
- Price per square foot: $491/sqft
- Tax assessed value: $1,158,560
- Date on market: 1/20/2026
- Listing agreement: ExclusiveAgency
- Inclusions: Other
- Lease term: 12 Months
Estimated market value
$1,765,900
$1.68M - $1.85M
$2,607/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Price change | $1,798,000-2.8%$491/sqft |
Source:  MLSListings Inc #ML82031815 Report a problem | ||
| 3/31/2026 | Price change | $1,850,000-9.8%$505/sqft |
Source: MLSListings Inc #ML82031815 Report a problem | ||
| 3/4/2026 | Price change | $2,050,000-4.7%$560/sqft |
Source: MLSListings Inc #ML82031815 Report a problem | ||
| 2/11/2026 | Price change | $2,150,000-2.3%$587/sqft |
Source: MLSListings Inc #ML82031815 Report a problem | ||
| 1/20/2026 | Listed for sale | $2,200,000+238.5%$601/sqft |
Source: MLSListings Inc #ML82031815 Report a problem | ||
| 8/13/2010 | Listing removed | $649,950$178/sqft |
Source: LEGACY Real Estate & Associates #81037409 Report a problem | ||
| 7/25/2010 | Listed for sale | $649,950-18.8%$178/sqft |
Source: LEGACY REAL ESTATE & ASSOC. #81037409 Report a problem | ||
| 5/28/2003 | Sold | $800,000+4.6%$219/sqft |
Source: Public Record Report a problem | ||
| 5/29/2002 | Sold | $765,000+70%$209/sqft |
Source: Public Record Report a problem | ||
| 8/4/1999 | Sold | $450,000$123/sqft |
Source:  Bay East AOR #11025506 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,158,560 +2% |
| 2024 | $15,446 +3.1% | $1,135,847 +2% |
| 2023 | $14,977 +1.8% | $1,113,583 +2% |
| 2022 | $14,712 +2.2% | $1,091,751 +2% |
| 2021 | $14,389 +1.6% | $1,070,351 +1% |
| 2020 | $14,156 +1.1% | $1,059,383 +2% |
| 2019 | $14,004 +4.7% | $1,038,615 +2% |
| 2018 | $13,374 | $1,018,255 +2% |
| 2017 | $13,374 +1.8% | $998,295 +2% |
| 2016 | $13,138 +3% | $978,727 +1.5% |
| 2015 | $12,752 | $964,031 +2% |
| 2014 | $12,752 | $945,151 +22% |
| 2013 | -- | $775,000 +10.7% |
| 2012 | -- | $700,000 |
| 2011 | -- | $700,000 -10.3% |
| 2010 | -- | $780,000 -13.3% |
| 2009 | -- | $899,743 +2% |
| 2008 | -- | $882,103 +2% |
| 2007 | -- | $864,807 +2% |
| 2006 | -- | $847,855 +2% |
| 2005 | -- | $831,231 +2% |
| 2004 | -- | $814,936 +4.4% |
| 2003 | -- | $780,300 +77.6% |
| 2002 | -- | $439,282 +2% |
| 2001 | $5,334 | $430,670 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Irvington
Nearby schools
GreatSchools rating
- 9/10J. Haley Durham Elementary SchoolGrades: K-5Distance: 0.5 mi
- 8/10G. M. Walters Middle SchoolGrades: 6-8Distance: 1.2 mi
- 7/10John F. Kennedy High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- District: FremontUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
Local buyer's agents are ready to help
- California
- Alameda County
- Fremont
- 94538
- Irvington
- 40775 Max Dr
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