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43232 Starr St - 43232 Starr St, 4 Units in Fremont 4 Unit Apartment Building Offered at $2,688,000 at a 5.35% Cap Rate Fremont, CA 94539
Investment Highlights
- A pride-of-ownership fourplex held since construction in 1970, presenting a rare opportunity to acquire a generational Fremont asset
- Fully remodeled interiors featuring modern finishes, all-new appliances, and cohesive upgrades that meet today’s lifestyle standards
- Solar power integration enhances operational efficiency and supports long-term expense reduction
- Over 5,000 square feet across large 3- and 4-bedroom units—an ideal format for maximizing rental demand and income flexibility
- Successfully operated as a high-performing short-term rental portfolio with strong existing cash flow and demonstrated revenue traction
- Nestled within one of Fremont’s most sought-after residential enclaves, offering direct access to key East Bay employment centers
Executive Summary
Magnify is pleased to present 43238 Starr St, a truly unique and massive 4-unit investment opportunity located in one of Fremont’s most desirable residential neighborhoods. Offered for sale for the first time since its construction in 1970, this pride-of-ownership asset spans over 5,000 square feet of rentable space. The property features a superior unit mix consisting of two 4-bedroom/2-bathroom units and two 3-bedroom/2-bathroom units, providing a rare scale for multifamily investors in an extremely low-inventory market.
The property is delivered in turn-key condition, with all units having been fully remodeled to meet modern standards. Interior upgrades are complemented by significant capital improvements, including solar panels for electrical efficiency and all-new appliances. The asset is currently being operated as a highly efficient and lucrative Airbnb business, averaging approximately $17,000 per month in gross income. This figure represents a high-yield baseline that does not even account for the premium host suite—one of the finest rooms on-site, featuring a private bathroom and a large private patio.
Located in a quiet, high-demand residential pocket of Fremont, 43238 Starr St offers a "plug-and-play" acquisition for an investor looking to capitalize on existing cash flow or a stabilized long-term hold. The sale is inclusive of all furniture and high-end fixtures, allowing for a seamless transition of operations. With its massive square footage, modern upgrades, and exceptional location near major East Bay employment hubs, this property stands as a premier trophy asset within the Silicon Valley investment landscape.
The property is delivered in turn-key condition, with all units having been fully remodeled to meet modern standards. Interior upgrades are complemented by significant capital improvements, including solar panels for electrical efficiency and all-new appliances. The asset is currently being operated as a highly efficient and lucrative Airbnb business, averaging approximately $17,000 per month in gross income. This figure represents a high-yield baseline that does not even account for the premium host suite—one of the finest rooms on-site, featuring a private bathroom and a large private patio.
Located in a quiet, high-demand residential pocket of Fremont, 43238 Starr St offers a "plug-and-play" acquisition for an investor looking to capitalize on existing cash flow or a stabilized long-term hold. The sale is inclusive of all furniture and high-end fixtures, allowing for a seamless transition of operations. With its massive square footage, modern upgrades, and exceptional location near major East Bay employment hubs, this property stands as a premier trophy asset within the Silicon Valley investment landscape.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,688,000 | Property Type | Multifamily |
| Price Per Unit | $672,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 6,652 SF |
| Cap Rate | 5.35% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.2 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1970 |
| Price | $2,688,000 |
| Price Per Unit | $672,000 |
| Sale Type | Investment |
| Cap Rate | 5.35% |
| Gross Rent Multiplier | 13.2 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.21 AC |
| Building Size | 6,652 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 2 | $4,725 | 1,800 |
| 3+2 | 2 | $4,475 | 1,500 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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43232 Starr St - 43232 Starr St, 4 Units in Fremont
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