OFF MARKET

Off market nov 2017 for $27M

—

Est. refi paymentEst. refi $138,639/mo

•

46,920

sq ft

42010 Blacow Rd, Fremont, CA 94538

About this home

* Financials based on proforma numbers. Arbordale Gardens Apartments is a stunning, 72-unit apartment community located at 42010 Blacow Road in the rapidly expanding city of Fremont, California. Situated on a huge, 3-acre parcel of land, the subject property has a gross livable area of approximately 46,336 SF, offering its tenants spacious studio, one, and two-bedroom floorplans to call home. Arbordale Gardens has recently undergone significant exterior capital improvements including all new fiberglass torch down roofs, new hot water heaters in each building, new concrete surrounding the pool, new exterior paint, and security camera system throughout the property. The subject property benefits from its close proximity to major tech companies such as TESLA, highly rated Irvington High School, and the new proposed Irvington BART Station. The investment appeal of this asset is driven by Fremont's strong employment fundamentals, low vacancy levels and rapidly growing rental demand.

Multi-familyProperty Type

1968Year Built

3.01 acresLot Size

$591Price/Sq.Ft.

38 spacesParking

Listed by Adam S. Levin •DRE #01462752 • Marcus & Millichap

Listed by Robert Johnston •DRE #01853816 • Marcus & Millichap

Contact: 650-391-1782

Bought with Adam S. Levin •DRE #01462752 • Marcus & Millichap

Redfin checked: 2 minutes ago

•Source:MLSListings #ML81644430

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 94538, CA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.9%

0.5% MoM

Median sale price

$1.2M

$47K MoM

Avg. days on market

21d

1 days MoM

Recently sold homes

101

8 MoM

New listings for sale

EARLY ACCESS
$1,498,000
4 beds2 baths1,684 sq ft
4714 Valpey Park Ave, Fremont, CA 94538
$1,450,000
4 beds2.5 baths1,701 sq ft
4906 Nelson St, Fremont, CA 94538
(415) 722-4018
COMING SOON
$1,049,800
2 beds2 baths1,257 sq ft
4052 Twin Peaks Ter, Fremont, CA 94538
$1,499,888
4 beds2 baths1,556 sq ft
4731 Hedgewick Ave, Fremont, CA 94538
EARLY ACCESS
$995,000
3 beds1 bath1,239 sq ft
39628 Banyan Tree Rd, Fremont, CA 94538
COMING SOON
$1,199,000
3 beds2.5 baths1,574 sq ft
41458 Millenium Ter, Fremont, CA 94538
$799,000
2 beds2.5 baths1,429 sq ft
40750 Greystone Ter, Fremont, CA 94538
3D WALKTHROUGH
$1,149,000
3 beds2.5 baths1,712 sq ft
3909 Engage Ter #301, Fremont, CA 94538
$1,275,000
3 beds2 baths1,392 sq ft
3879 James Ave, Fremont, CA 94538
$1,299,888
3 beds3.5 baths2,082 sq ft
3539 Piazza Cmn, Fremont, CA 94538
See all

Provided by Redfin

Sale history for 42010 Blacow Rd

Year

Property tax

Land + Additions

Assessment*

2025

$417,371 (+5.5%)

$12,534,048 + $19,647,416

$32,181,464

2024

$395,779 (+3.1%)

$12,288,348 + $19,262,275

$31,550,623

2023

$383,943 (+1.5%)

$12,047,400 + $18,884,583

$30,931,983

2022

$378,085 (+2.4%)

$11,579,652 + $18,151,377

$29,731,029

2021

$369,365 (+0.7%)

$11,579,652 + $18,151,377

$29,731,029

2020

$366,846 (+1.1%)

$11,352,636 + $17,795,524

$29,148,160

2019

$362,714 (+2.0%)

$11,236,320 + $17,613,196

$28,849,516

2018

$355,490 (+137.0%)

$11,016,000 + $17,267,840

$28,283,840

2017

$149,998 (+1.8%)

$3,458,822 + $6,863,600

$10,322,422

2016

$147,292 (+1.1%)

$3,458,822 + $6,863,600

$10,322,422

2015

$145,684 (+1.9%)

$3,391,027 + $6,729,069

$10,120,096

2014

$143,025 (+5.6%)

$3,274,704 + $6,498,240

$9,772,944

2013

$135,493 (+2.4%)

$3,274,704 + $6,498,240

$9,772,944

2012

$132,289 (+2.2%)

$3,259,929 + $6,468,922

$9,728,851

2011

$129,494 (+3.7%)

$3,196,022 + $6,342,106

$9,538,128

2010

$124,836 (+0.4%)

$3,133,382 + $6,217,805

$9,351,187

2009

$124,281 (+1.8%)

$3,109,968 + $6,171,342

$9,281,310

2008

$122,045

$3,117,369 + $6,186,030

$9,303,399

Tax history for 42010 Blacow Rd

Year

Property tax

Land + Additions

Assessment*

2025

$417,371 (+5.5%)

$12,534,048 + $19,647,416

$32,181,464

2024

$395,779 (+3.1%)

$12,288,348 + $19,262,275

$31,550,623

2023

$383,943 (+1.5%)

$12,047,400 + $18,884,583

$30,931,983

2022

$378,085 (+2.4%)

$11,579,652 + $18,151,377

$29,731,029

2021

$369,365 (+0.7%)

$11,579,652 + $18,151,377

$29,731,029

2020

$366,846 (+1.1%)

$11,352,636 + $17,795,524

$29,148,160

2019

$362,714 (+2.0%)

$11,236,320 + $17,613,196

$28,849,516

2018

$355,490 (+137.0%)

$11,016,000 + $17,267,840

$28,283,840

2017

$149,998 (+1.8%)

$3,458,822 + $6,863,600

$10,322,422

2016

$147,292 (+1.1%)

$3,458,822 + $6,863,600

$10,322,422

2015

$145,684 (+1.9%)

$3,391,027 + $6,729,069

$10,120,096

2014

$143,025 (+5.6%)

$3,274,704 + $6,498,240

$9,772,944

2013

$135,493 (+2.4%)

$3,274,704 + $6,498,240

$9,772,944

2012

$132,289 (+2.2%)

$3,259,929 + $6,468,922

$9,728,851

2011

$129,494 (+3.7%)

$3,196,022 + $6,342,106

$9,538,128

2010

$124,836 (+0.4%)

$3,133,382 + $6,217,805

$9,351,187

2009

$124,281 (+1.8%)

$3,109,968 + $6,171,342

$9,281,310

2008

$122,045

$3,117,369 + $6,186,030

$9,303,399

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

3.01 Acres

Year renovated

1968

Sq. Ft.

46,920

Year built

1968

Style

Multi-Family (5+ Unit)

County

Alameda County

APN

525 111502709

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 16, 2026.

R-G-29

Garden Residential District

To maintain and provide for developments constructed prior to the adoption of the R-3 multifamily residential district on July 22, 2003. No additional property is envisioned to be redesignated to this district. Property developed in this district is distinguished by ample garden/open space areas. District standards are maintained to ensure that developments are not considered nonconforming while providing for property improvements to meet sustainability goals of the general plan. The district may also incorporate service uses and limited commercial uses.

Permitted uses

Include but are not limited to:

Agriculture-Other
Housing-Multiple units
Housing-Senior
Housing-Other

Property details

Parking

Parking Information
Carport (Minimum): 100
Parking Description: Assigned Spaces, Carport
Parking Spaces: 38

Interior

Heating & Cooling Information
Heating: Wall Furnace

Multi-Unit Information
# of Units in Complex (Minimum): 72
Annual Rental Income: $1,926,240
Annual Gross Income: $1,938,264
Gross Rent Multiplier: 14.05
Gross Scheduled Income: $1,998,210
Other Income: $71,970
Other Expenses: $19,817
Total Expenses: $557,413
Vacancy Factor: 3

Unit Type 1 Information
# of Units (Total): 32
Approx Sq. Ft.: 452

Unit Type 2 Information
# of Bedrooms: 1
# of Units (Total): 16
# of Baths (Full): 1
Approx Sq. Ft.: 600

Unit Type 3 Information
# of Bedrooms: 2
# of Units (Total): 24
# of Baths (Full): 2
Approx Sq. Ft.: 928

Exterior

Exterior Features
Roof: Fiberglass

Building Information
# of Buildings: 7
Subclass: 5+ Units
Concrete Slab

Pool Information
Has Pool
Pool Description: Fenced, In-Ground

Property Features
Living Sq. Ft.: 46,920
Security Features: Closed Circuit Monitoring (24-hour), Secured Garage/Parking

Property Information
Property Primary ID: 583818
Tenant Expenses: Utilities (Electric), Utilities (Gas)

Land Information
Landscape Expense: $1,200

Lot Information
Lot Acres: 3.01
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Assessor
Zoning: R-G-29

Financial

Tax/Assessment Information
Annual Tax Amount: $357,300

Utilities

Utility Information
Meters: Primary Water, Separate Electric, Separate Gas
Sewer Septic: Sewer Connected
Utilities: Individual Electric Meters, Individual Gas Meters
Trash Expense: $15,864
Utility Expenses: $38,968

Water Information
Water: Public

Location

HOA Information
HOA Amenities: Club House, Community Pool, Garden/ Greenbelt/ Trails

School Information
Elementary School District: Fremont Unified
High School: Irvington High
High School District: Fremont Unified

Public facts

Beds: 64
Baths: 96.0
Sq. Ft.: 46,920
Stories: 2.0
Lot Size: 3.01 acres
Style: Multi-Family (5+ Unit)
Year Built: 1968
Year Renovated: 1968
County: Alameda County
APN: 525 111502709

Home facts updated by county records on Sep 16, 2026

Around this home

Schools

O. N. Hirsch Elementary School

Public K-5 • Assigned • 0.4mi

9/10

John M. Horner Middle School

Public 6-8 • Assigned • 0.5mi

9/10

Irvington High School

Public 9-12 • Assigned • 0.4mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Fremont's fall market offers clear buyer opportunities. Median prices hold steady around $1.4M with homes averaging three weeks on market. While move-in-ready homes draw quick competitive offers, properties needing cosmetic updates give you room to...
4 days ago • Fremont
Johnny Singh
Redfin Premier agent
148 deals
Was this helpful?
Fremont Last 90 Days,Prices:$1.5M–$1.8M typical range,Activity Moderate; well-priced homes still move quicklyDays on market 2–4 weeks,Competition: Strong for renovated/turnkey homes; weaker for overpriced homes,Seller leverage: Slightly declining...
3 weeks ago • Fremont
Gagan Singh
Redfin Premier agent
656 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 90° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

8/10 Air Factor

13 unhealthy days expected this year, 13 days in 30 years

Provided by First Street

Historical weather

Fremont, CA • 94538

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 11.4 hours in June and 4.9 hours in December, placing it above the U.S. average for solar exposure.

11.4 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

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New listings for sale in 94538

EARLY ACCESSCOLDWELL BANKER REALTY COMING SOON

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EARLY ACCESSCOMPASS COMING SOON

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COMING SOON

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3D WALKTHROUGH

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Home values near 42010 Blacow Rd

Data from public records.

Address	Redfin Estimate
42148 Gatewood Street, Fremont, CA 3 Beds \| 2 Baths \| 1150 Sq. Ft.	$1,454,230
4164 Stanley Avenue, Fremont, CA 3 Beds \| 2 Baths \| 1270 Sq. Ft.	$1,773,559

Address	Redfin Estimate
4116 Stanley Avenue, Fremont, CA 3 Beds \| 2 Baths \| 1246 Sq. Ft.	$1,507,913
4078 Stanley Avenue, Fremont, CA 4 Beds \| 2 Baths \| 2320 Sq. Ft.	$1,911,527

Address	Redfin Estimate
4094 Stanley Avenue, Fremont, CA 4 Beds \| 2 Baths \| 1896 Sq. Ft.	$2,034,720
41943 Mahoney Street, Fremont, CA 3 Beds \| 2 Baths \| 1730 Sq. Ft.	$1,716,911

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 94538, CA

Sale history for 42010 Blacow Rd

Tax history for 42010 Blacow Rd

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 94538

Home values near 42010 Blacow Rd

More real estate resources