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31518189
31518200

43232 Starr St, Fremont, CA 94539

EK
CA 01900078
Magnify Equity
DK
CA CA01971921
Magnify Equity
Listed by Magnify Equity
$2,688,000
62 days on market
Updated 60 days ago

43232 Starr St, 4 Units in Fremont

Details
APN 513-505-20
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,652
Units 4
Cap Rate 5.35%
NOI $143,707
Occupancy 100%
Pro-Forma Cap Rate 6.56%
Pro-Forma NOI $176,299
Price per SqFt $404
Class C
Year Built 1970
Buildings 1
Stories 2
Lot Size (SqFt) 9,230

Turn-Key, High-Yield Trophy Fourplex in the Heart of Fremont

Marketing description

Magnify is pleased to present 43238 Starr Street, a rare and expansive 4plex in a residential neighborhood of Fremont. Offered for the first time since its 1970 construction, the property spans 6,652 square feet per county records on a 0.21-acre lot, and features a unique unit mix of two 4-Bed/2-Bath units with two 3-Bed/2-Bath units.

The property is delivered in turn-key condition, with all units remodeled and fully occupied as Airbnb rentals with immediate upside in room rates. The building has undergone capital improvements including solar panels for efficiency and updated flooring, appliances, kitchens and bathrooms. The asset is currently operated as a high-performing Airbnb, averaging approximately $17K per month in gross income. There is strong upside to increase room rates and rent the premium host suite which features a private bath, large private patio, and separate entrance.

Located in a quiet, high-demand residential pocket of Fremont near major East Bay employment hubs, 43238 Starr Street offers a desirable investment with immediate cash flow and upside. With its massive square footage, modern upgrades, and pride-of-ownership history, this property stands out as a premier asset. The sale includes all furniture and fixtures for a seamless transition of operations.

Investment highlights

  • Rare 6,652 SF Fremont 4-Plex — Offered for the first time since 1970 on a 0.21-acre lot in a quiet residential pocket
  • Strong In-Place Cash Flow — High-performing Airbnb generating approximately $17K/month in gross income
  • Value-Add Upside — Opportunity to increase room rates and activate premium host suite with private bath, patio, and separate entrance
  • Turn-Key, Remodeled Asset — Updated kitchens, baths, flooring, appliances, and solar panels for efficiency
  • Prime East Bay Location — High-demand Fremont submarket near major employment hubs, ideal for short-term rental demand

Listing Contacts

EK
CA 01900078
Magnify Equity
DK
CA CA01971921
Magnify Equity
Listed by Magnify Equity

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,707.00
$11,975.58/mo

Valuation Metrics

0
DSCR
5.35%
Cap Rate
5.35%
ROI

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Additional Information

Name
Eric Katz
License
01900078
Brokerage Phone
408-438-0838
Name
David Katz
License
CA01971921
Brokerage
Magnify Real Estate
Brokerage Phone
(408) 438-0585
Title
Co-Founder and COO
Brokerage Address
14370 Saratoga Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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