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43232 Starr St - 43232 Starr St, 4 Units in Fremont 4 Unit Apartment Building Offered at $3,720,380 CAD at a 5.13% Cap Rate Fremont, CA 94539
Investment Highlights
- First Time Ever on Market! Trophy Asset with massive units: (2) 4BD/2BA and (2) 3BD/2BA
- New Roof (2023), Solar Panels, and Remodeled Kitchens/Bathrooms
- Direct access to key East Bay employers including Tesla
- Furnished and Turn-key AirBNB business averaging ~$17K/month
- Rare Spacious 4plex in Residential Neighborhood in Fremont on 0.21 acre lot
- Great Potential to Owner-Occupy or for Multi-Generational Living
Executive Summary
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.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,720,380 CAD | Property Type | Multifamily |
| Price Per Unit | $930,095 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 6,652 SF |
| Cap Rate | 5.13% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.2 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1970 |
| Zoning | R-G-29 | ||
| Price | $3,720,380 CAD |
| Price Per Unit | $930,095 CAD |
| Sale Type | Investment |
| Cap Rate | 5.13% |
| 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 |
| Zoning | R-G-29 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $5,709 CAD | 1,230 - 1,251 |
| 4+2 | 2 | $6,055 CAD | 1,397 - 1,575 |
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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