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Listed by: Todd Carter (925) 914-5844 DRE #01235456 | RE/MAX Accord (925) 838-4100
$6,790,000
-- Bed
-- Bath
--sqft
585 Old Canyon Rd, Fremont, CA 94536
$6,790,000
Get Pre-Approved
Multi Family
Built in 1938
$-- HOA
1.58 acres lot
--/sqft
Description
An exceptional opportunity awaits at 559 & 585 Old Canyon Road in the highly sought-after Niles district of Fremont. Offered together, these two parcels combine for approximately 1.58 acres of prime infill land zoned R-6, presenting 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-plac...
Continue Reading- Houzeo last checked: 46 minutes ago
- Listing updated: May 31, 2026 at 8:30 am
- Source: California Regional MLS-CA | MLS#: 41135884
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1938
HOA Fees
-
Finished Area
- sqft
Lot Size
1.58 acres lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
41135884
MLS Status
Active
Days on Market
73
Cumulative Days on Market
7
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