585 Old Canyon Rd, Fremont, CA 94536
585 Old Canyon Rd, Fremont, CA 94536
585 Old Canyon Rd, Fremont, CA 94536
585 Old Canyon Rd, Fremont, CA 94536
585 Old Canyon Rd, Fremont, CA 94536
585 Old Canyon Rd, Fremont, CA 94536
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Jessamine Walker

Jessamine Walker

+1(949) 241-2927
$ 4,099,000
Est. payment | /mo

0.79 Acres Lot

Save
$ 4,099,000
Est. payment | /mo
Save

0.79 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Niles Area

MLS Listing ID 41150704

HOA Y/N No

Year Built 1938

Lot Size 0.794 Acres

Property Description

An exceptional opportunity awaits at 559 Old Canyon Road in the highly sought-after Niles district of Fremont. Tremendous upside potential for developers, investors, and builders seeking a rare large-scale residential redevelopment opportunity in one of the Bay Area's most desirable submarkets. Currently situated on 559 Old Canyon Road are 15 occupied apartment units generating an impressive net operating income of approximately $271,000 annually, providing immediate cash flow while plans and entitlements are pursued. The combination of strong in-place income and valuable development potential creates a unique opportunity rarely found in today's market. Positioned near the historic and charming Niles district, the property benefits from close proximity to vibrant downtown shops, dining, entertainment, parks, and commuter routes. Niles is widely recognized for its rich history, small-town character, scenic surroundings, and strong community appeal, making this location especially attractive for future residential development. With R-6 zoning, substantial lot size, and an outstanding Fremont location, this offering provides developers the chance to capitalize on the continued demand for housing in the East Bay. Whether envisioned as a townhome community, apartment redevelopment, or a thoughtfully designed residential project, 559 & 585 Old Canyon Road represent a truly rare investment and development opportunity in the heart of Fremont.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Roof Type Shingle

Total Parking Spaces 16

Building

Lot Description Street Level

Others

Tax ID 50766012

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Todd Carter RE/MAX Accord #01235456

Nearby Locations

Jessamine Walker

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 241-2927

jessamine@walkerpropertygroupca.com

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585 Old Canyon Rd

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